cryptominecraft| There is a net inflow of funds from the north for five consecutive weeks, and Kweichow Moutai is still the "favorite"! Core leader wide-base A50ETF Huabao (159596) received additional funds to increase its position

Northbound funds "sweep" non-stop! Data show that as of last Friday (May 24), northbound funds had a net inflow for five consecutive weeks, totaling 425.Cryptominecraft1.2 billion yuan, with a cumulative increase of 88.684 billion yuan during the year.

A-share core assets are still northbound funds with a good heart! Judging from the key stocks of Beixiang Capital in the past five weeks, 8 shares in the top 15 on the list are all constituent stocks of CSI A50, of which Guizhou Moutai gained the most by 6.14 billion yuan, followed by Ningde era with a net purchase of 3.807 billion yuan, while China Merchants Bank ranked third with a net purchase of 3.644 billion yuan.

Public data show that the CSI A50 Index brings together the core leaders of A-share industries. 50 constituent stocks come from 50 CSI tertiary industries, with an average free circulation market value of about 150 billion yuan, fully characterizing A-share benchmark core assets.

Figure: northward funds increased positions in the largest number of stocks TOP15 in the past 5 weeks (as of May 24)

The core leader wide base also ushered in a capital increase. Take the representative A50ETF Warburg (159596), which tracks the CSI A50 index, as an example. On May 24, the ETF received a net purchase of 9.13 million yuan a day. So far, A50ETF Warburg (159596) has accumulated more than 193 million yuan in nearly 10 days.

Guotai Junan Securities Research Institute fund allocation team said that in recent yearsCryptominecraftChina's economy has changed from the stage of rapid growth to the stage of high-quality development. with the continuous deepening of the adjustment of China's industrial structure, the allocation value of core leading companies is prominent. The CSI A50 Index is a good description of A-share high-quality large-cap stocks, which has both large market value attribute and industry characterization. At the same time, it introduces the concept of ESG sustainable investment to facilitate the allocation of A-share core assets at home and abroad. In addition, from the perspective of allocation, the CSI A50 index not only provides a high-quality allocation tool for medium-and long-term funds, but also provides a good grasp for A-share style rotation strategy.

Pictures and data come from Shanghai and Shenzhen Stock Exchange, iFinD and Warburg Fund.

Risk Tip: the underlying index of A50ETF Warburg (159596) and its linked funds is the CSI A50 Index, which has a base date of 2014.12.31 and a release date of 2024.1.2, and the composition of index stocks is timely adjusted in accordance with the rules governing the compilation of the index. The CSI A50 index rose and fell in the past five complete years: 2019, 43.71%; 2020, 33.41%; 2021,-5.38%; 2022,-21.19%; 2023,-12.42%. The historical performance of the index does not predict the future performance of the index. In this paper, the index stocks are only displayed, and the individual stocks are not described as any form of investment advice, nor do they represent the position information and trading trends of any fund under the manager. The risk level of the fund and its linked funds assessed by the fund manager is R3-medium risk, which is suitable for investors with an appropriate rating of C3 or above. Any information that appears in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only and the investor is responsible for any discretionary investment behavior. In addition, any point of view, analysis and forecast in this article does not constitute any form of investment advice to the reader, nor is it liable for direct or indirect losses arising from the use of the contents of this article. Fund investment is risky, the past performance of the fund does not represent its future performance, and the performance of other funds managed by fund managers does not constitute a guarantee of fund performance, so fund investment should be cautious.