Cross-border ETFs are gaining popularity again! "Bullish funds" are once again seeing a 40% premium, with leveraged clients increasing their positions in these.
17/01/2025
GMT Eight
On January 16, the cross-border ETF market saw a resurgence in activity. By the close of trading, several funds including the French CAC40 ETF (513080), the S&P Consumer ETF (159529), and the German ETF (159561) had notable gains. Among them, the S&P Consumer ETF, which had recently seen a slight decline in popularity, saw its premium rate climb again, approaching 40%. It continues to be the ETF fund with the highest premium rate.
As of the closing on January 16, the ETF funds with the highest gains today are as follows:
Historical third in premium size, popularity and trading volume surge
As a recently highly anticipated cross-border fund, the movements of the S&P Consumer ETF have been closely watched by the market. On January 9, the S&P Consumer ETF recorded a premium rate of 51.82%, setting a new record for its historical highest premium rate. Such a high premium rate is rare in the entire cross-border ETF market and can be considered a "premium phenomenon." However, with subsequent adjustments, the premium rate has decreased until today's increase to 39.42%, which is the third highest data since its listing.
According to trading volume data, the S&P Consumer ETF also attracted significant funds today. By the close of trading, the S&P Consumer ETF had a trading volume of nearly 5.77 billion yuan, an increase of nearly 3.26 billion yuan from yesterday (January 15), a 212% increase. This also marks the third highest trading volume data in history, second only to the trading volumes on January 13 (6.932 billion yuan) and January 8 (6.063 billion yuan). On those days, the daily gains were 10% (limit up) and 4.9%, with turnover rates of 1060% and 1020% respectively.
Apart from the S&P Consumer ETF, many other cross-border ETFs also saw significant increases in premium rates. As of the closing data today, a total of 11 ETFs currently have premium rates exceeding 10%, all of which are cross-border ETFs. Among them, the S&P Consumer ETF ranks first with a premium rate of 39.42%, followed by the German ETF (159561), the Asia-Pacific Select ETF (159687), the Saudi ETF (159329), and the S&P Oil and Gas ETF (513350), with premium rates of 22.81%, 17.84%, 15.84%, and 14.86% respectively.
Cross-border ETFs are getting hotter, and some margin balances are growing significantly
Since the end of last year and the beginning of this year, cross-border ETFs have become a hot topic for active market funds. Some cross-border ETFs are showing a trend of "the hot getting hotter". By the close of trading today (January 16), the total daily trading volume of the top 20 cross-border ETFs in terms of daily trading volume, as a proportion of the total, has significantly increased compared to the beginning of the year. The total trading volume of the top 20 cross-border ETFs today was nearly 52.48 billion yuan, accounting for 74.5% of the entire cross-border market.
In terms of specific funds, among the top 20 cross-border ETFs in terms of daily trading volume today, a total of 12 ETFs currently have premium rates of over 5%, accounting for nearly 60% of the total. Among them, the French CAC40 ETF (513080) and the S&P Consumer ETF (159529) both had trading volumes exceeding 5 billion yuan, while the Hong Kong Securities ETF (513090), the Hang Seng Technology Index ETF (513180), the Hang Seng TECH Index ETF (513130), the Saudi ETF (159329), and the German ETF (159561) also had top trading volume data today.
In terms of funds, many cross-border ETFs have recently seen an increase in margin balances from financing clients. As of January 15, a total of 35 cross-border ETFs have seen an increase in margin balances over the past 5 days, accounting for nearly 45% of the entire margin cross-border ETF. The Nasdaq ETF (159941), the Nasdaq ETF (513100), and the Nasdaq 100 ETF (159659) were the top net buyers. However, for ordinary investors, it is still necessary to invest cautiously and pay attention to the premium situation of cross-border ETFs to avoid financial losses due to chasing high prices.