With the continuous development of the capital market, ETF(ExchangeTradedFund), as a new type of investment, has attracted more and more attention and favor. Compared with traditional investment products such as stocks and funds, ETF has the advantages of strong liquidity, low cost and scattered risks, so it is known as "the combination of stocks and funds". As representatives of the main funds, they are not keen on speculating in ETFs. Why?
We need to know the investment direction and strategy of the main funds. The main funds are usually large institutional investors, with large investment scale and great influence on the market. The investment direction of the main funds is generally stable, focusing on risk control and long-term value investment, rather than short-term speculation. For ETF, an investment product with high liquidity and many short-term transactions, the main funds will not care too much.
There is a certain conflict between the investment strategy of ETF and the investment strategy of main funds. The investment strategy of ETF is generally to pursue the performance of market index, that is, to follow the market trend, while the main funds are more inclined to look for stocks with low valuation and high growth, and obtain excess returns through stock selection. If the main fund chooses to speculate in ETF, it means giving up its own advantages and may not reach the expected investment target.
The risk of ETF is also one of the reasons why the main funds are not keen on speculating ETF. The risk of ETF investment mainly comes from market risk, liquidity risk and operational risk. Especially in the case of market fluctuation or plunge, the income of ETF will be greatly affected, and even losses may occur. The investment strategy of the main fund pursues stability, pays attention to risk control, and is unwilling to undertake such high-risk investment varieties.
On the whole, the main reasons why the main funds are not keen on ETF speculation are mainly related to their investment direction, investment strategy and risk control. Although ETF has the advantages of strong liquidity, low cost and scattered risks, for large institutional investors such as main funds, it pays more attention to long-term value investment than short-term transactions. If you want to attract the investment of main funds, ETF needs to further improve its investment strategy and improve its risk control ability in order to gain more recognition and attention in the capital market.