The total amount of subscriptions for E Fund ChiNext Exchange-Traded Fund (ETF) that well reflects the performance of the Top 100 ChiNext-listed companies expanded by nearly 50 percent in a half-month period in September, indicating investors' optimistic sentiment toward the ChiNext board, China Securities Journal reported on Thursday.
Data from the Shenzhen Stock Exchange show that the unit quantity of this ETF began to balloon since September 8 and hit a record high of 1.807 billion units on September 22, up 46.08 percent from 1.237 billion units seen on September 7. The ChiNext index surged some 17 percent during the September 7-September 22 period.
Meanwhile, the trading of such ETF also became more active since September. According to statistics from the TX Investment, the E Fund ChiNext ETF posted 6.809 billion yuan in trading turnover from September 1 to September 22 with the intraday turnover at 486 million yuan, ranking first among all Shenzhen-traded ETFs by the turnover. So far, the net value of this ETF has exceeded 3.5 billion yuan with a daily hand-change rate of 15 percent.
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