这种ETF着火了！ 自年初以来，已有23亿只基金达到了基金经理的最新视野！ _东方财富网

原始标题：这种类型的ETF着火了！ 自年初以来，已进入23亿只基金，而基金经理的最新观点就在这里！

概要

[ThistypeofETFisonfire!Sincethebeginningoftheyear23billionfundshavereachedthelatestviewoffundmanagers!】Ononlythreetradingdaysin2021theShenwanNationalDefenseandMilitaryIndustryIndexhaspulledthreepositivelinesinarowanincreaseof85%WiththehelpofthemilitaryindustrymarketfundsareactivelybuyingmilitaryindustryETFsAsofJanuary5sixmilitaryindustryETFsonthemarkethavereceivedanetinflowof2329billionyuanintwodayswithatotalscaleof23867billionyuanSomemilitaryindustryETFshavecreatedascalenewhighs(ChinaFundNews)

In only three trading days in 2021, the Shenwan National Defense and Military Industry Index has pulled three positive lines in succession, with an increase of 8.5%.Boosted by the military industry market, funds are actively buying military industryETF, As of January 5,market6 military ETFs received funds in two daysNet inflow2.329 billion yuan, with a total scale of 23.867 billion yuan, and the scale of some military ETFs reached new highs.At the same time, the active rights and interests of military-industrial themes for more than a yearFund equityThe increase reached 100%.fundThe manager believes that the military industry has a catalyst in the short term, and the fundamentals are also more supportive in the long term. There will be a structural bull market this year.

　　At the beginning of the year, a net inflow of military ETF funds was 2.3 billion yuan

　　Outstanding performance of military double faucet

According to the data, as of January 5, there are only two trading days in the New Year and the net flow of 6 military ETFsInvest inGold was 2.329 billion yuan, and its total scale increased from 19.889 billion yuan at the end of last year to the latest 23.867 billion yuan, a surge of about 20%.In terms of share growth, Cathay Pacific CSI Military Industry ETF increased by 939 million, and the latest share reached 8.934 billion, a record high; the leading ETF of the rich country CSI military industry also received 297 million shares.Net purchase, The latest share is 3.620 billion; and Penghua China Securities Defense ETF has increased by 194 million, and the latest share is 594 million.

It is worth noting that the data of the brainstorming record shows that the military ETF “double leading” has outstanding performance. As of January 6, the latest scale of the Cathay Pacific CSI Military ETF reached about 12.5 billion yuan, which is tens of billions; and the rich country CSI Military Industry The share price of leading ETFs recently traded in intraday tradingpriceBreaking through 2 yuan, the latest scale reached about 7.2 billion yuan.

　　Cathay Pacific FundLiang Xing, Director of Quantitative Investment Division, said that the substantial increase in the purchase share of Cathay Pacific’s CSI Military ETF at the beginning of theMilitary sectorThere are market expectations and demands. In fact, the military industry ETF scale rose rapidly in July and August of 2020, from more than 2 billion yuan to 7.8 billion yuan, and then the military industry market came to an end, until it broke out again in December, the military industry ETF scale rose to more than 10 billion yuan.

Wang Lele, manager of the leading ETF fund of Wells Fargo’s military industry, said that the short-term market has catalysts. The revised version of the “Army Equipment Regulations” was released and implemented on January 2.Positioning, In the short term, continue to increase market capital’s attention to the military sector.In addition, we are optimistic about the spring turmoil market, from 2007 to 2020, January Shenwan National Defense and Military Industry IndexAverage yieldIt is 3.5%, ranking first among 28 Shenwan first-level industries.

　　Multiple active military industry funds have yielded 100% in the past year

　　Fund managers are optimistic about medium and long-term investment opportunities

At the same time, the active management of the military industry theme fund has also been outstanding in the past year.The data shows that as of January 5, 2021, there are more than one military theme in the past yearFund incomeThe rate reaches about 100%, including Bo Shi military industry theme, rich country military industry theme A, and China Post military-civilian integration.

　　China Post FundZheng Ling, director of equity investment and manager of China Post Military and Civil Integration Fund, said frankly that the current round of military industry market is different from 2015. It is not a military industry bull market with comprehensive reforms and liquidity support, but a structural bull market with clear main lines. “We are optimistic about military aircraft, special equipment,motivationThe five main lines, Beidou, and civil aircraft, will focus on the layout of barriers, orders andPerformanceSub-sectors and individual stocks that can continue to cash in and have reasonable valuations. However, the military industry sector is volatile. Recently, the market’s short-term sentiment has been a bit overheated. Investors who are optimistic about the military industry sector are advised to wait for the market to cool down and enter the market, instead of blindly chasing higher. “

Liang Xing believes that, first of all, although the valuation level of military industry is not cheap from the absolute value, reaching 63 or 64 times, the PE quantile is not high from a historical perspective, and there is still room for upside, which is not expensive; Furthermore, starting from the first half of last year, the order growth rate of the military industry has begun to accelerate, includingpayment, All kinds of new models of military products make the demand side more certain;Defense budgetThe total amount of the company is constantly increasing, the internal structure is adjusted and changed, the equipment procurement costs are constantly increasing, and the funds are relatively abundant to ensure the advancement of procurement requirements. The deployment of institutions to the military industry is also below average. Therefore, there is a high probability that the Davis double-click effect will occur in the military industry in the first quarter of this year.

Wang Lele said that the current market is generally optimistic about investment opportunities in the military industry: First of all, from the perspective of valuation, the current military industry leader index PE (TTM) is 57 times, and it is at the center of the past ten years. According to Xingye Military IndustryteamFrom the point of view, driven by industry demand, a considerable number of leading targets are still in the vicinity of PEG=1 in terms of consistent performance growth in the next three years.From the perspective of prosperity, on the demand side, the “14th Five-Year Plan” puts forward for the first time the goal of a century-old army in 2027. The market expects that the construction of weapons and equipment will increase during the 14th Five-Year Plan, and large orders for the industry will continue.announcementSupporting fundamental changes;supplyIn terms of the end, from focusing on R&D and neglecting production, to the production of key mature equipment.

(Source: China Fund News)

(Editor in charge: DF398)