Technology ETF Restart Approval 17 Products Are Still Waiting For "Quasi Birth Certificate"

Technology ETF once again welcomed the approval of new products.

In June 19th, the securities and Futures Commission disclosed the announcement of the application and approval of the administrative licensing of securities investment fund collection as of June 12th. According to the disclosure, Warburg CSI electronics 50 ETF, Yi Fang Da Zhong AI ETF were approved in June 8th.

In fact, two science and technology ETF have declared materials in January of this year, and it was approved in June 8th. It has been nearly 5 months. This is the first batch of two technology ETF products approved by the regulatory authorities in the early stage of the ETF specification.

"No specific notice has been made, but new progress has been made in product approval, and the follow-up may take into account the sequence of declarations and the classification of managers." In June 22nd, a public fund official in Beijing told the business reporter in twenty-first Century.

Another large public offering fund person said, "look at the recent fund companies have approved the relevant products, but we haven't received any new approvals."

Two technology ETF approved

After nearly 5 months, ETF new products of science and technology are finally available.

According to the approval information as of June 12th, Warburg CSI electronic 50 ETF submitted materials in January 19th of this year, and was accepted in January 22nd. The first feedback of the fund was February 27th. It was finally approved in June 8th. Yi Fang Da Ai ETF was submitted in January 20th this year.

After several months, the restart of two technology ETF was approved, which also brought positive signals to the market organization.

"Although regulators are relatively low-key, they can be expected to be gradually liberalized." A brokerage department of the public fund product department believes that.

But in addition to the two products of the Fonda fund and Warburg foundation, there are still a lot of technology ETF products in the queue, and there are many heads of fund managers.

Twenty-first Century economic report combing reporters found that the January 22nd declaration of the Warburg electronic card 50 ETF, has not yet been approved. There are also 17 new technology ETF products that have been approved in February, including the big data theme ETF, the Chinese central card cloud computing and the big data theme ETF, the Huaan Zhong Zheng electronic 50 ETF, and the Castrol AI ETF.

"Many of the products we declare are still being processed, and many products have been declared for over three or four months, and they have not yet been moved." Beijing, a large public fund product department, said, "there is no notification of new information. Many companies in the industry are also in such a state."

A public fund worker in Southern China also said, "there is no news or progress or feedback on the ETF products that have been declared in our early stage."

A public fund official in Shanghai said, "regulators have not explicitly stated that the approval of ETF for science and technology has not been made clear before, but that companies are making slow progress in the process of supplementing materials and writing instructions. Our pace has not changed much in the near future. "

In fact, this year, regulators have conducted regular guidance on ETF products, including asking fund companies to supplement relevant materials, and soliciting opinions on the compilation of ETF index to some fund companies.

Prior to the twenty-first Century economic report reporter learned that regulators to some fund companies to seek rules for the preparation of the ETF index, including the contents of the index index time, the index accounted for the market share of the market value, index single share, the index number of constituent stocks.

A public offering industry revealed that the requirements of regulators for fund companies, including the tracking index issued by ETF, should last at least one year, and the ratio of index components to the market value of the market will be limited.

"At present, this requirement has not changed." A public fund worker in Beijing told the twenty-first Century business reporter.

Product competition is still fierce.

In fact, this year, the ETF fire of science and technology, driven by the enthusiasm of the two tier market, has also brought about a new high ETF scale. At the same time driven by this, a number of fund companies have made layout for related topics and conceptual ETF.

Wind data show that as of June 21st, Huaxia 5G ETF is the largest stock ETF with the exception of wide base ETF. The fund's current estimate is 26 billion 435 million yuan, an increase of 18 billion 758 million over the beginning of the year. If the scale of data at the end of the first quarter is 30 billion 996 million yuan, the growth rate will exceed 300%.

In addition, at the end of the first quarter, ETF, the top ten of the stock ETF, also had Huaxia chip ETF, which was 17 billion 210 million yuan at the end of the first quarter. Compared with the 5 billion 388 million yuan issued, the scale grew by more than 220%.

From the declared ETF products of science and technology, many popular science and technology subdivision areas are being contended by many fund companies.

For example, the theme of Internet of things is listed by many companies, such as Merchants Fund, Huatai berry fund, Harvest Fund, Huaxia Fund and so on. Cloud computing and big data topics also include several fund companies including the southern fund, Yi Fangda fund and Huaxia Fund to declare ETF products.

"In the past half year, the ETF of science and technology is hot and abnormal, and its scale is growing rapidly. So companies are issuing technology ETF to seize market resources and help companies expand their management scale. But the homogenization of these products is more serious. The focus of the market is focused on hype theme and concept ETF. On the one hand, some stocks will be promoted faster due to trading sentiment and capital, and there is a risk of overvaluation. At the same time, the hot spots mean that the long-term is not strong, and the market will return with the hot tide, which will have a great impact on the investors' income and the company's funds. Ping An Securities Fund Analyst Jia Zhi pointed out.

It is precisely because of this, regulators focus on product specification. It is necessary to prevent the act of following the wind and reporting chaos, and at the same time carefully guard against risks.

From the institutional point of view, although the early technology sector has a certain callback, many institutions still agree that technology is the medium and long term investment main line, so the product layout is constantly moving.

In twenty-first Century, the economic report combing reporters found that since June, there are also more than science and technology ETF declarations, such as ETF, Huaxia China Certification robot ETF, Shen Wan Ling Xin Zhong, Shen Shen Wan electronic industry investment ETF, South China card technology, and so on.

It is worth noting that the Shanghai Stock Exchange and the China Securities Index Co recently announced that after the closing of July 22nd, the Shanghai Composite Index of the 50 component index will be released, and the real time market will be released in July 23rd. The launch of Shanghai Stock Index 50 index is bound to trigger a battle for ETF products of fund companies.

Twenty-first Century economic report reporter learned that many fund companies have already started preparations for the related index products.

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