Northbound funding once exceeded 30 billion-waiting to cut foreigners?

The truth is here

Northbound funds exceeded 30 billion yuan: waiting to cut foreigners?

The truth is here

Northbound funds once exceeded 30 billion yuan!

Someone is waiting to cut foreigners leeks?

The truth is here on Friday. Northbound funds rose unilaterally throughout the day, with a total net inflow of 148.

6.2 billion, a record high this year and the second highest in history.

Among them, the Shanghai Stock Connect channel net purchase 71.

3.7 billion yuan, the Shenzhen Stock Connect channel net purchase of 77.

2.5 billion.

  After the close on September 20, the FTSE Russell and S & P Dow Jones Indices index performance adjustments will bring a total of $ 5.1 billion in passive incremental funds to A shares.

Compared with the index adjustment strength in previous years, this figure also reached a new high during the year.

  Northbound funds once exceeded 30 billion. Northbound funds totaled a net inflow of 148 on Friday.

US $ 6.2 billion, the second highest on record, with a net purchase of 71 on the Shanghai Stock Connect channel.

3.7 billion yuan, the Shenzhen Stock Connect channel net purchase of 77.

2.5 billion.

The highest historical record occurred on November 2, 2018, when the total net inflow of northbound funds was 173.

8.5 billion yuan.

  Specifically, the inflow of northbound funds reached the highest point of the day at the last moment.

  After 14:30 in the afternoon, the rate of northbound capital inflows increased significantly, and the round-robin bidding reached its peak in the late session.

In terms of capital surplus, the net inflow of northbound funds in the late session exceeded 30 billion yuan.

  It is worth mentioning that from the above picture, the trend of Northbound funds rushing up and down in the late round of collective auctions, and such a trend in the first few late “pulse quotes” occurred in various degrees.

  The performance of Northbound funds on the same day when the performance of the two previous two indexes was deducted pointed out that this does not mean that Northbound funds were bought and sold in just three minutes, but because the flow chart was calculated by the balance of funds on the day, rather than real-time transactions, Some of the final and final orders may also be calculated internally, temporarily occupying some of the quota.

  Game funds to enter early?

  Because 南京夜网论坛 some northbound funds are expected to be allocated on the last trading day before the index adjustment performance, for some game funds that want to “cut rich leeks”, buy in advance before that, and sell the chips to the northbound funds on the last day.It is a theoretically feasible arbitrage opportunity.

  Judging from Friday’s trading session, many FTSE Russell’s underlying stocks have been rising in a straight line, accompanied by a surge in trading volume.

  Wanhe Electric’s late-season collective bids continued to increase by 10.

02%, down from 0.

62% pulled up to rise 9.

40%; Only Education’s collective bidding price continued to increase by the end of the year9.

95%, down from 0.

05% rose to 9 up.

90%; Guocheng Mining’s collective bidding price continued to increase in the late5.

44%, up from 1.

36% pulled up to rise 6.

80%.

  In addition, Ping An of China, Maotai of Guizhou, Ping An Bank and other long-term favored blue-chip stocks in foreign countries have also seen significant volume late.

  ”Choose a few high-quality white horse stocks that foreign countries will definitely buy, buy them in advance, and even failed to sell them on Friday. Putting high-quality white horses in your hands for a while will not hurt.

I think this is an opportunity to give it a try.”The words of investor Xiao Xu may reflect the mentality of some funds.

  Accelerated foreign inflows since August In fact, with the three major international indexes exceeding and expanding, Northbound funds have continued to enter the market since late August. From August 16 to September 20, the net inflow of Northbound funds has reached 863.

6.1 billion yuan.

On Friday, with the simultaneous performance of the two indexes, the single-day net inflow of northbound funds hit a new high for the year.

  In the past week, it is not uncommon for Northbound funds to be bought in late trading. Some people say that Northbound funds may have opened positions in advance.

  A market source said that passive index funds that require more “harsh” transaction prices in order to trade at prices close to the closing price and achieve at least tracking error are often bought late in the market.

However, it does not rule out that other passive funds open positions in advance when they meet the requirements to smooth market fluctuations around the effective date of the index.

  FTSE Russell related sources said that passive funds tracking the index need to open a position after the close of this Friday, but usually gradually increase positions in advance, without necessarily waiting for the final close.

  According to Zhang Qiyao, chief strategy analyst of Guosheng Securities, according to the replacement plan announced by the first-level MSCI, a round of MSCI expansion plans is expected to be implemented in November this year.

  Zhang Qiyao further pointed out that the recent QFII quota restrictions have been lifted, which indicates that the opening up to the outside world continues to accelerate.

The lifting of the issuance quota limit is another important change in supporting foreign investors to invest in the domestic market and promote the further opening of the internal stock and bond markets.

He said that through the maturity of the interconnection mechanism, the replacement of QFII by northbound funds has become a trend.

Therefore, the cancellation of the QFII quota limit signal is even more significant, and then there may be large and small opening policies.

  According to Morgan Stanley’s forecast, in 2019, approximately $ 40 billion to $ 70 billion of potential transfer funds will be gradually increased, which includes about $ 18 billion of passive funds and about $ 20 billion to $ 50 billion of active funds.