Year-to-date increase exceeds 40%, the Power Grid Equipment ETF (159326) has experienced net inflows for 11 consecutive days, reaching a new high in scale

On March 9th, the three major A-share indices collectively declined. The recently strong-performing power grid equipment sector also fell accordingly. As of 9:48 AM, the Power Grid Equipment ETF (159326) dropped 2.31%, with a trading volume of 865 million yuan. The green energy ETF (562550), which is undervalued, rose against the trend, up 1.30%, with the highest trading volume among similar products. Holdings such as Jinkai New Energy, Li New Energy, and GCL New Energy Science & Technology hit the daily limit, while Jinko Solar, Southern Power Storage, Huayin Power, and Chuantou Energy also gained.

As of March 6th, the Power Grid Equipment ETF has increased over 40% year-to-date, ranking among the top ETFs in the market. The product has recently attracted intense capital inflows, with net inflows for 11 consecutive trading days, totaling 11.236 billion yuan. Its latest scale reached 31.4 billion yuan, a new high since inception, making it the largest power grid ETF in the market.

On the news front, the National Development and Reform Commission stated that during the 14th Five-Year Plan, long-term strategic projects will be implemented, including the Yarlung Zangbo River hydropower, the Shagehuang new energy base, offshore wind power bases, and other energy projects exceeding one trillion yuan in investment. Major transportation projects such as the Three Gorges new shipping channel will also be promoted, with the goal of completing the “Eight Vertical and Eight Horizontal” high-speed railway main corridors and the national highway network.

CITIC Securities believes that global investment in power grids will continue to grow to cope with the increasing impact of wind and solar power on grids. It is expected that global power grid investment will remain in a long-term boom. On the power generation side, benefiting from rapid growth in wind and photovoltaic industries, global power source investments have significantly outpaced grid investments in recent years. This has increased demand for grid connection and boosting equipment, while grids need to invest more to handle the rising share of wind and solar power. On the grid side, developed economies have aging equipment, with over 20 years of service life, creating urgent replacement needs. Domestic power grid companies will benefit from the upward shift in the investment growth center, and overseas export business is expected to maintain steady growth.

Related products:

Power Grid Equipment ETF (159326): Focuses on transmission and transformation equipment. It is the only ETF tracking the CSI Power Grid Equipment Index in the market, with a 90% weight in smart grids and 69% in ultra-high voltage, both the highest in the market.

Green Energy ETF (562550): The largest in scale among similar products, bundling leading companies in the power industry. It includes clean energy companies such as hydropower, wind power, and photovoltaic power, as well as thermal power and nuclear power for energy transition.

Utilities ETF (159301): The largest utility-themed ETF in the market. According to Shenwan’s secondary industry classification, the power industry accounts for 90.8% of the weight. It features high dividends and stable growth, making it a typical dividend-growth asset.

Daily Economic News