Fund House H-shares chasing a A-share ETF to become a big new favorite

Hong Kong stocks and H shares have been dragged into the consolidation period by the periphery, the mainland A-share rally is still not done, causing the market to buy a share of the selling shares of the strategy to regain interest.　　Securities brokers pointed out that with a shares in the last two weeks to regain the rally, institutional investors have invested in Hong Kong listed a-Share Exchange trading Fund (ETF), chasing a relatively backward a-share. According to the Hong Kong Economic daily, Merrill Lynch's June Global fund manager survey showed that global fund positions were still bullish on China, and almost all of the top-tier funds were mixed with Chinese concepts, such as the largest "overweight" (overweight) proportion of goods recorded in 3 years,　　Fund managers who say they are interested in growing up in emerging markets are less than 49% higher. As of June, China remained the favourite market for global emerging markets and Asian investors, but the report also showed a sharp drop in the fund's rise in China in June and a temporary peak in expectations for China's growth.　　The report pointed out that after a surge of optimism in the stock market and the market, there was a need for respite in the short term, but "low absorption" was another piece of information disclosed by the survey. The mainland a-share in the second quarter, despite the recent rise in the Shanghai Composite Index in the second quarter to date up 20%, still lag behind the state-owned enterprises index of 29%, this situation is attracting funds to chase backward A shares.　　Ah Premium index in a round of rapid narrowing, as a result of the recent a-share rise, the premium rebounded again yesterday to close 138 points. Remittance card: Short-selling H-shares ETF to buy a-shares in the latest situation of a-share, H-shares fell, many hedge funds have applied the latest short and long positions strategy. As early as this month, HSBC Securities and the state that may be at 10,800 to 11,000 points in the pressure, that the round Hu Shen by H-shares caused by the normal relationship with a shares deviation, will be backward through a a-share, back to normal levels.　　The bank then suggested that it could sell an H-share ETF on one side and buy a-shares ETF, such as the A50 China Fund (02823), the Shanghai 300 (02827) or the mainland-listed Chinese Shanghai 50ETF. In view of the recent rebound in a shares, HSBC Securities on Wednesday (June 17) recommended that the "return to average trading" (score reversion mini-advertisements) closed positions. According to the bank, to sell the Hang Seng H-shares ETF (02828) on June 3, and to buy A50 China fund, the total return of positions as of Wednesday amounted to 8.1%. Although the strategy is temporarily over, but the strategists believe that the A-share rally is still not done, the estimated institutional investors or only a simple transaction into a unilateral buy a shares.