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券商、军工、芯片ETF规模暴增,谁在提早布局?背后“买手”名单曝光
格隆汇 09-02 16:53

作者:王彭

来源:上海证券报

今年以来,证券、军工、芯片、新能源等板块的多只ETF规模出现大幅增长。而7月以来,上述板块中多只ETF的涨势也十分喜人,量价齐升的背后,有哪些提前布局的资金赚了个盆满钵满?

随着基金半年报披露结束,上述ETF规模暴增的“幕后推手”浮出水面:多只ETF前十大持有人中出现了保险、券商、基金等机构持有人的身影。

多只ETF获机构提早埋伏

先来看一下今年以来部分ETF规模增长情况。

部分ETF规模增长情况(截至9月2日)

显然,证券、军工、芯片、5G、新能源板块相关ETF受到了资金的热烈追捧。 

作为市场投资的风向标,ETF的规模变动情况往往代表着机构投资者对后市的看法。而这些ETF的幕后“金主”也随着基金半年报浮出了水面。

以今年以来份额增长十倍的平安中证新能源汽车产业ETF为例,截至上半年末,基金前十大持有人均为机构投资者。其中,华西证券持有8955.8万份,持有比例为2.17%,为第一大持有人;中国平安财产保险和华泰证券紧随其后,分别持有7951.8万份、6859.4万份。

华夏中证5G通信主题ETF最新披露的主要持有人也发生了较大变化,截至去年年底,基金前十大持有人中有五位个人投资者。到了今年6月底,主要持有人中仅有一位个人投资者,其余席位均被保险、券商、公募基金等机构投资者占据。

华宝中证全指证券公司ETF则被中国人寿保险、华夏人寿保险、信泰人寿保险、西南证券、国泰君安证券等机构扎堆持有。

券商、军工ETF大幅上涨

下半年以来,随着券商、军工等ETF大幅上涨,提早埋伏相关ETF的机构也赚得“盆满钵满”。

东方财富Choice数据显示,7月以来截至9月2日,军工板块四只ETF——易方达中证军工ETF、广发中证军工ETF、国泰中证军工ETF和鹏华中证国防ETF均涨逾40%。此外,富国中证全指证券公司ETF、华宝中证全指证券公司ETF、国泰中证全指证券公司ETF均涨逾20%。

“市场资金涌入券商板块实际上是在表达其对后市整体看好。对手握重金的机构投资者而言,买入券商板块ETF是配置券商股最直接的方式。”沪上一位基金经理称。

国泰基金量化投资事业部总监梁杏认为,支撑券商股后市走强的理由主要有以下几点:证券板块基本面坚挺;估值现阶段来说相对合理;有较多利好政策支持;证券公司和银行合并的预期存在;未来居民财富或将逐步向资本市场转移。

军工板块同样是机构较为看好的领域。

 “我们认为军工行情可能才刚刚开始。”富国基金量化投资部ETF投资总监王乐乐称。王乐乐表示,当下军工行情有点类似2012年到2013年的情况:从初期的开始跑赢大盘、到后来取得非常高的超额收益。而军工行情启动的背后,对应着市场风险偏好的提升。

在王乐乐看来,创业板指的走势可以反应市场风险偏好,军工跑赢大盘的时期,往往是创业板大涨的时期。当下创业板已经连续大涨、其反应市场风险偏好大幅提升,但军工板块相对收益仍旧落后。

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