The ChiNext Index and other indices fell more than 2%, but today, the E Fund ChiNext ETF received a net subscription of 140 million units.

Today, the A-share market’s Growth Enterprise Board (GEB) related indices have shown lackluster performance. Several core indices have experienced notable pullbacks. Among them, the GEB Mid-Cap 200 Index led the declines with a 2.1% drop; the GEB Index followed closely, down 2.3%; and the GEB Growth Index widened its decline to 2.7%. Market analysts said that the main factors weighing on the GEB-related indices are the recent acceleration of sector rotation coupled with volatility in overseas markets.

Against the backdrop of a broad weakness across indices, fund flows have shown clear divergence. The Growth Enterprise Board ETF under EFund (code 159915) saw today’s net subscriptions of 140 million units, indicating that some investors are choosing to position against the trend. The product’s linked fund A shares (110026), C shares (004744), and Y shares (022907) opened subscriptions simultaneously, providing participation channels for investors with different risk appetites. The fund company noted that although short-term inflows reflect some allocation demand, the overall valuation of the GEB still remains at a relatively high level in historical terms, so investors should be alert to volatility risk.

Market observers said that among the constituent stocks of the current GEB Index, weighty sectors such as new energy and biotech have continued to adjust, dragging the index significantly. At the same time, some mid-cap growth stocks have seen large fluctuations due to revisions in earnings expectations, further intensifying internal divergence within the index. Investors are advised to watch changes in company fundamentals and avoid blindly chasing rallies or panic-selling.

According to publicly available data, EFund’s GEB ETF has the latest size of over 20 billion yuan, making it one of the representative products in the market that tracks the GEB Index. The fund manager emphasized that ETF products closely track the underlying benchmark index, and investors need to fully understand the characteristics of index-based investing and make investment decisions in light of their own risk tolerance.

Risk warning: The market involves risk, and decisions should be made cautiously. Past performance does not represent future results. Investors should carefully read the fund’s legal documents and fully understand the product’s risk-return characteristics.