50ETF warm breath smell money riding roller coaster.

<P> [Abstract] "50ETF days the amount of the transaction, funds have been a motive is the foresight warming smell the breath of the market, hands-on bargain-hunting." A market source said, "Another motivation may be institutional arbitrage." </ .P> <P> Powei the A-share market continued to appear a little "abnormal": follow the index falling China Shanghai 50ETF, 3 月 18 day volume was significantly enlarged, in one fell swoop yesterday, is the largest since a record single-day market turnover .amount. .</ P> <P> "50ETF days the amount of the transaction, funds have been a motive is the foresight warming smell the breath of the market, hands-on bargain-hunting." A market source said, "Another motivation may be institutional arbitrage." < ./ P> <P> It http:// News, China Shanghai 50ETF was established in December 2004, February 23, 2005 officially listed for trading. .SSE 50 Index to track products, to yesterday's close, its constituent stocks included in the China National Petroleum, China Life, ICBC and other 50 largest stocks. .</ P> <P> report information, as of the end of 2007, China Shanghai 50ETF in 52.76% of the share held by institutional investors. .</ P> <P> follow the 50 index, 50ETF listing has been riding the "roller coaster." .</ P> <P> mid-October last year, the SSE 50 Index hit a record high, continued after the bottom with the current round of market adjustment, a group of large capitalization stocks have endangered "break", as of yesterday's close, the SSE 50 .index has continued to decline by 42%, 50ETF follow the index falling. .</ P> <P> but starting March 18, trading volume was significantly enlarged, and yesterday hit a new high turnover. .As of yesterday's close, 50ETF to close at 2.788 yuan, up 0.9% the day, a five exchange-traded fund ETF based only rose varieties. .The gain, while not surprising, but the turnover has reached a historic day of 1.687 billion yuan, 52% of enlarged expires earlier. .This is the biggest product launch since the single-day turnover. .</ P> <P> Galaxy Securities chief fund analyst Hu Lifeng that the amount of such transaction days, on the one hand reflects the market at a relatively bottom, eager to grab a rebound of funds; the other hand, or with huge fluctuations in the market, .arbitrage activity related. .</ P> <P> According to reports, ETF shares convertible product implementation mechanism to achieve the equivalent of a T +0 transaction, and the species do not charge stamp duty, transaction costs low. .In principle, the net market value as long as there is a deviation to the arbitrage possible. .</ P> <P> "Recently index up 4% -5% every turn of the volatility arbitrage trading undoubtedly very active." Hu Lifeng said, "but we can not judge this 1687000000 in the amount of days in which .is arbitrage funds, which are long-term funding arrangement. "</ P> <P> In fact, institutional investors hold more people, ETF products has always been the capital of the cloth rebound soldiers powerhouse. .Between the stock market last November during the fall, 50ETF experienced atrophy and volume continued to decline, once a record of transactions since June last year, the amount of days, while the broader market also in the end of November to early December ushered in a wave of backlash. .</ P>.