China Life Insurance, New China Life Insurance and other insurance funds increased their holdings of ETFs in the two cities by nearly 33.80 billion yuan in the first half of the year

September 13th news, insurance funds and other institutional investors are using ETFs to continue to lay out class A shares. According to data from the Shenzhen Stock Exchange, according to incomplete statistics, insurance institutions represented by China Life and New China Life increased their holdings of ETFs in the two cities by a total of 33.753 billion yuan in the first half of 2024. Overall, institutional investors hold the highest proportion of wide-based ETFs, accounting for 69.6%, followed by dividend ETFs. Institutional investors hold a gradually increasing proportion in ETFs. As of the end of June this year, institutional investors hold a total of 1.40 trillion yuan in ETFs, an increase of 407.80 billion yuan from the end of 2023, accounting for 57%. In addition, institutions account for 58% of the scale of equity ETFs, an increase of 8% over the same period last year.