CITIC Securities: Net inflow of gold ETF slows down, ETF interconnection is expected to expand

Every time through AI Express, CITIC Securities pointed out that in April 2024, the number of ETFs will increase by 22 to 946, and the scale will increase by 84.2 billion yuan to 2518.9 billion yuan, including 722 A-share ETFs, and the scale will increase by 53.8 billion yuan to 1835.8 billion yuan. In this month, A-share ETFs were net subscribed by 15.5 billion yuan as a whole, including 14.2 billion yuan for broad-based ETFs and 1.4 billion yuan for industry&theme ETFs. The daily average purchase amount of ETF financing was 5.8 billion yuan, down 1% month on month, and the daily average sale amount of securities lending was 200 million yuan, down 25% month on month. The popularity of the two financing transactions fell back. A total of 23 ETFs were established in April, bringing about a new scale of about 6.8 billion yuan. In April, gold ETF transactions were hot, and funds continued to flow in the first half of the month; China Securities Regulatory Commission (CSRC) issued capital market cooperation measures with Hong Kong, and the scope of ETF interconnection target is expected to expand.