Summary of ETF Fund Flows Core Insights - On June 11, 2025, a total of 179 ETFs experienced net inflows, while 446 ETFs saw net outflows. Notably, 25 ETFs had net inflows exceeding 100 million yuan, with significant inflows into the CSI 300 ETF, Credit Bond ETF, and others [1][3]. Inflows - The top five ETFs with the highest net inflows included: - CSI 300 ETF (510300.SH): 1.04164 billion yuan - Credit Bond ETF (511200.SH): 1.02759 billion yuan - Shanghai Corporate Bond ETF (511070.SH): 724.6 million yuan - Sci-Tech Innovation 50 ETF (588000.SH): 653.78 million yuan - Ten-Year Treasury ETF (511260.SH): 539.7 million yuan [3][5]. - A total of 95 ETFs have seen consecutive net inflows, with the leading ones being: - Hong Kong Stock Connect Dividend ETF: 510 million yuan over 31 days - Soybean Meal ETF: 66.41 million yuan over 29 days - Credit Bond ETF (Dacheng): 3.547 billion yuan over 25 days [7]. Outflows - The top five ETFs with the highest net outflows included: - ChiNext ETF (159915.SZ): 544.2 million yuan - CSI 300 ETF (159919.SZ): 360 million yuan - Credit Innovation ETF (159538.SZ): 334.3 million yuan - Short-Term Bond ETF (511360.SH): 327.18 million yuan - Credit Innovation ETF (562570.SZ): 296.2 million yuan [5]. - A total of 254 ETFs have experienced consecutive net outflows, with the leading ones being: - Biopharmaceutical ETF: 617 million yuan over 34 days - Innovative Drug ETF: 3.620 billion yuan over 29 days [7]. Recent Trends - Over the past five days, 63 ETFs have seen cumulative net inflows exceeding 100 million yuan, with the top inflows being: - Ten-Year Treasury ETF: 4.540 billion yuan - Credit Bond ETF: 4.067 billion yuan [8]. - Conversely, 96 ETFs have experienced cumulative net outflows exceeding 100 million yuan, with the top outflows being: - ChiNext ETF: 1.830 billion yuan - Hong Kong Internet ETF: 1.372 billion yuan [8].

港股创新药ETF(513120.SH)最新份额规模达91.48亿。该产品紧密跟踪港股创新药CNY指数，中证香港创新药指数在香港市场中选取不超过50家主营业务涉 及创新药研发的上市公司证券作为指数样本，以反映香港市场创新药主题上市公司证券的整体表现。指数权重股包括信达生物、百济神州、药明生物、石药 集团、康方生物、中国生物制药、三生制药、翰森制药、药明康德、再鼎医药等公司。 2025年6月10日，非货币类ETF合计成交2727.05亿元，其中有62只ETF成交额破10亿元。 截至今日收盘，港股创新药ETF、短融ETF、信用债ETF成交额居市场前列，分别达132.08亿、120.52亿、99.88亿。行业主题类ETF共计2只，分别是港股创 新药ETF、港股通创新药ETF。 截至今日收盘，基准国债ETF、港股医疗ETF、港股创新药ETF基金换手率居市场前列，分别达460.37%、394.29%、261.80%。宽基类ETF仅1只：标普 500ETF。行业主题类ETF共计7只，分别是港股医疗ETF、港股创新药ETF基金、恒生创新药ETF、港股创新药ETF、恒生创新药ETF、恒生医疗ETF基金、 港股通医药ETF。 该 ...

Core Insights - In June 2025, a total of 245 ETF funds experienced net buying from major funds, while 298 ETF funds faced net selling. Notably, 86 ETF funds had net purchases exceeding 10 million yuan, with the Ten-Year Treasury ETF (511260) leading with a net inflow of 3.234 billion yuan [1][3][5]. Group 1: Major Net Buyers - The top five ETFs with the highest net buying amounts include: 1. Ten-Year Treasury ETF (511260) with 3.233 billion yuan 2. National Development ETF (159650) with 1.521 billion yuan 3. 0-4 Year Local Debt ETF (159816) with 1.093 billion yuan 4. Treasury ETF (511010) with 909.9 million yuan 5. Hong Kong Innovative Drug ETF (513120) with 848.5 million yuan [1][3][5]. Group 2: Major Net Sellers - A total of 104 ETFs experienced net selling exceeding 10 million yuan, with the top five being: 1. Credit Bond ETF Guangfa (159397) with 522 million yuan 2. Credit Bond ETF (511190) with 480 million yuan 3. A500 Index ETF (159351) with 419 million yuan 4. Hang Seng Technology Index ETF (513180) with 334 million yuan 5. Shanghai 50 ETF (510050) with 306 million yuan [5][7][9]. Group 3: Continuous Net Buying - Over the recent period, 168 ETFs have seen continuous net buying, with the leading ones being: 1. Entrepreneur Large Cap ETF (16 days) with 144 million yuan 2. Ten-Year Local Debt ETF (12 days) with 4.342 billion yuan 3. CSI 2000 ETF (12 days) with 341 million yuan 4. National Development ETF (11 days) with 1.689 billion yuan 5. Biotechnology ETF (11 days) with 23.4 million yuan [11][13]. Group 4: Continuous Net Selling - A total of 101 ETFs have experienced continuous net selling, with the top five being: 1. Transaction Currency ETF (13 days) with 32.37 million yuan 2. Bank ETF Preferred (9 days) with 20.5 million yuan 3. Dividend Low Volatility ETF (8 days) with 46.67 million yuan 4. CSI A500 ETF Morgan (7 days) with 123 million yuan 5. Data ETF (7 days) with 17.04 million yuan [15][16]. Group 5: Recent Trends - In the last five days, 62 ETFs have seen net buying exceeding 100 million yuan, with the top five being: 1. Credit Bond ETF Guangfa (159396) with 5.728 billion yuan 2. Credit Bond ETF (511190) with 5.450 billion yuan 3. Ten-Year Treasury ETF (511260) with 4.624 billion yuan 4. National Development ETF (159650) with 4.336 billion yuan 5. 5-Year Local Debt ETF (159972) with 4.034 billion yuan [18][20]. - Conversely, 19 ETFs have seen net selling exceeding 100 million yuan, with the top five being: 1. Yin Hua Daily ETF (511880) with 5.750 billion yuan 2. Hua Bao Tian Yi ETF (511990) with 3.822 billion yuan 3. Credit Bond ETF Tian Hong (159398) with 2.705 billion yuan 4. A500 ETF Fund (512050) with 825 million yuan 5. Shanghai Company Bond ETF (511070) with 823 million yuan [22][24].

Group 1 - A total of 237 ETF funds experienced net inflows from financing, while 34 funds saw net outflows from securities lending on June 9, 2025 [1] - The amount of net inflows exceeding 5 million yuan was recorded for 52 ETFs, with significant inflows into the CSI 300 ETF (510300.SH) at 287 million yuan, the SSE 50 ETF (510050.SH) at 122 million yuan, and the Sci-Tech 50 ETF (588000.SH) at 107 million yuan [1][3] - The net outflow from securities lending exceeded 5 million yuan for one fund, the CSI 500 ETF (510500.SH), with a total outflow of 43.52 million yuan [1][5] Group 2 - Recently, 90 ETFs have seen continuous net inflows from leveraged financing, with the leading funds being the Sci-Tech Chip 50 ETF, which had net inflows of 20.82 million yuan over 8 days, and the Hong Kong Stock Connect Financial ETF with 4.97 million yuan [1][6] - Over the past 5 days, 58 ETFs recorded net inflows exceeding 5 million yuan, with the CSI 300 ETF leading at 277 million yuan, followed by the Sci-Tech Chip ETF at 162 million yuan [1][6][8] Group 3 - A total of 12 ETFs have experienced continuous net outflows from leveraged securities lending, with the CSI 500 ETF leading with a net outflow of 179 million yuan over 6 days [1][6] - Over the past 5 days, 5 ETFs recorded net outflows exceeding 5 million yuan, with the CSI 500 ETF again leading at 159 million yuan [1][10]

Core Insights - On June 9, 2025, a total of 212 ETF funds experienced net inflows, while 390 funds saw net outflows, indicating a significant disparity in investor sentiment towards different ETFs [1] - The top five ETFs with net inflows exceeding 100 million yuan included the SSE 50 ETF, Credit Bond ETF, Ten-Year Treasury ETF, CSI 300 ETF, and SSE Corporate Bond ETF, with inflows of 1.48 billion yuan, 856.5 million yuan, 654 million yuan, 615 million yuan, and 550 million yuan respectively [1][3] - Conversely, 17 ETFs had net outflows exceeding 100 million yuan, with the ChiNext ETF, Hang Seng Internet ETF, Short-term Bond ETF, Military Industry ETF, and Pharmaceutical ETF leading the outflows, totaling 359 million yuan, 331 million yuan, 287 million yuan, 285 million yuan, and 214 million yuan respectively [1][5] Inflow and Outflow Analysis - A total of 110 ETFs have seen consecutive net inflows, with the top performers being the Hong Kong Stock Connect Dividend ETF (29 days), Soybean Meal ETF (27 days), High Dividend ETF (26 days), SSE 180 Index Fund (23 days), and Credit Bond ETF Dachen (23 days), accumulating inflows of 445 million yuan, 61.69 million yuan, 171.34 million yuan, 140 million yuan, and 3.16 billion yuan respectively [1][7] - In contrast, 202 ETFs have experienced consecutive net outflows, with the leading ones being the Biopharmaceutical ETF (32 days), Innovative Drug ETF (27 days), Dividend Value ETF (26 days), Hang Seng Consumer ETF (24 days), and Traditional Chinese Medicine ETF (23 days), resulting in outflows of 556 million yuan, 3.29 billion yuan, 213 million yuan, 303 million yuan, and 262 million yuan respectively [1][8] Recent Trends - Over the past five days, 66 ETFs have recorded cumulative net inflows exceeding 100 million yuan, with the Short-term Bond ETF, Ten-Year Treasury ETF, Credit Bond ETF, Corporate Bond ETF, and SSE Corporate Bond ETF leading with inflows of 3.42 billion yuan, 3.37 billion yuan, 2.48 billion yuan, 2.29 billion yuan, and 2.19 billion yuan respectively [1][8] - Conversely, 86 ETFs have seen cumulative net outflows exceeding 100 million yuan, with the ChiNext ETF, Hang Seng Internet ETF, Hang Seng Medical ETF, Hong Kong Innovative Drug ETF, and East Financial Treasury ETF leading the outflows, totaling 1.82 billion yuan, 971 million yuan, 825 million yuan, 763 million yuan, and 583 million yuan respectively [1][8]

2025年6月9日，共350只ETF基金获主力资金（单笔成交额100万元以上）净买入，165只ETF基金遭主力资金净卖出。主力资金净买入金额超1千万元的ETF 基金有141只，信用债ETF基金(511200), 信用债ETF大成(159395), 公司债ETF易方达(511110), 0-4地债ETF(159816), 公司债ETF(511030)受到主力资金青睐，分 别获净买入41.05亿元, 29.49亿元, 17.00亿元, 14.81亿元, 14.06亿元。 | 排名 | 基金管理人 | 证券简称 | 证券代码 | 净买入金额(万元 | | --- | --- | --- | --- | --- | | l | 年夏基金 | 信用债ETF基金 | 511200 | 410519.82 | | 2 | 大成基金 | 信用债ETF大成 | 159392 | 294929.36 | | 3 | 易方达基金 | 公司债ETF易方达 | 511110 | 169994.86 | | ব | 鹏华基金 | 0-4地债ETF | 159816 | 148116.73 | | 5 | 平安基金 | 公司债ETF | ...

Market Performance - The Shanghai Composite Index rose by 0.43% to 3399.77 points, marking a five-day consecutive increase [1] - The Shenzhen Component Index increased by 0.65% to 10250.14 points, while the ChiNext Index gained 1.07% to 2061.29 points [1] - Total trading volume in the two markets reached 1.29 trillion yuan, exceeding 1 trillion yuan for eight consecutive days [1] Industry Highlights - The entertainment products sector saw a significant increase of 4.93%, followed by commercial vehicles and chemical pharmaceuticals, which rose by 3.73% and 3.70% respectively [1] - A total of 968 non-currency ETFs rose, with an increase ratio of 84% [1] ETF Performance - The CSI Hong Kong Innovation Drug Index increased by 5.39%, with various related ETFs also showing strong performance, such as the Hong Kong Innovation Drug ETF and the Hong Kong Innovation Drug 50 ETF, which rose by 4.65% and 4.56% respectively [1] - The latest share size of the Hong Kong Innovation Drug ETF reached 9.157 billion shares, closely tracking the CSI Hong Kong Innovation Drug RMB Index [3] - The latest P/E ratio (PE-TTM) for the CSI Hong Kong Innovation Drug Index is 29.28, which is lower than 16.54% of the time over the past three years [4][6] Sector Valuation - The Hang Seng Medical ETF has a latest share size of 1.664 billion shares, tracking the Hang Seng Hong Kong Stock Connect Medical Care Index, which reflects the performance of Hong Kong-listed companies in pharmaceuticals and biotechnology [4] - The latest P/E ratio for the Hang Seng Hong Kong Stock Connect Medical Care Index is 32.30, below 32.20% of the time over the past three years [5] Market Trends - A total of 123 non-currency ETFs declined, with a decrease ratio of 11% [7] - The gold industry theme index saw the largest decline, dropping by 1.11% [7]

Core Insights - A total of 182 ETF funds experienced net inflows from financing, while 26 funds saw net outflows from securities lending [1] - Significant inflows were observed in several ETFs, including the Sci-Tech 50 ETF, Hang Seng Medical ETF, Nasdaq Technology ETF, Gold ETF, and Hong Kong Innovative Drug ETF, with net inflows of 74.72 million, 39.34 million, 34.99 million, 34.77 million, and 25.32 million respectively [1][3] - Conversely, two ETFs, the CSI 500 ETF and CSI 1000 ETF, experienced substantial net outflows from securities lending, totaling 61.32 million and 19.96 million respectively [1][5] Financing Net Inflows - The top five ETFs with the highest net inflows included: 1. Sci-Tech 50 ETF (74.72 million) 2. Hang Seng Medical ETF (39.34 million) 3. Nasdaq Technology ETF (34.99 million) 4. Gold ETF (34.77 million) 5. Hong Kong Innovative Drug ETF (25.32 million) [3][8] Securities Lending Net Outflows - The top two ETFs with the highest net outflows from securities lending were: 1. CSI 500 ETF (61.32 million) 2. CSI 1000 ETF (19.96 million) [5][10] Recent Trends in Financing - Over the past five days, 62 ETFs have seen continuous net inflows from financing, with the leading ones being the Sci-Tech Chip 50 ETF, Hong Kong Financial ETF, Computer ETF, Digital Economy ETF, and Rare Earth ETF, with net inflows of 15.33 million, 4.46 million, 60.40 million, 5.46 million, and 2.27 million respectively [6][8] - The Computer ETF has shown accelerated inflows, totaling 60.40 million over the last five days [6] Recent Trends in Securities Lending - Eight ETFs have experienced continuous net outflows from securities lending, with the most significant being the CSI 500 ETF and CSI 1000 ETF, with net outflows of 135 million and 148 million respectively over the last five days [6][10] - The CSI 1000 ETF has seen a notable outflow, reaching 3.59% of its trading volume [8]

2025年6月6日，非货币类ETF合计成交2072.07亿元，其中有47只ETF成交额破10亿元。 截至今日收盘，短融ETF、信用债ETF、上证公司债ETF成交额居市场前列，分别达98.61亿、98.29亿、 95.01亿。行业主题类ETF仅1只：港股创新药ETF。 截至今日收盘，基准国债ETF、标普500ETF、国债政金债ETF换手率居市场前列，分别达518.01%、 173.17%、153.90%。宽基类ETF仅1只：标普500ETF。行业主题类ETF共计3只，分别是恒生创新药 ETF、港股医疗ETF、恒生创新药ETF。 值得注意的是，信用债ETF、信用债ETF基金、信用债ETF大成同时在两个榜单中出现。 短融ETF(511360.SH)最新份额规模达4.17亿。该产品紧密跟踪中证短融指数，中证短融指数从银行间市 场上市的债券中，选取投资级短融作为指数样本，以反映相应评级短融的整体表现。 该ETF全天成交额较前一交易日增长49.58%，明显放量。该ETF当日换手率较前交易日增长49.31%。该 ETF今日上涨0.01%，近5日和近20日分别上涨0.04%、上涨0.14%。 上证公司债ETF(511070. ...

截至2025年6月6日，A股三大指数涨跌不一。其中上证指数收涨0.04%，报3385.36点；深证成指收跌0.19%，报10183.70点；创业板指收跌0.45%，报2039.44 点。两市总成交额1.15万亿元。 行业热度看，油服工程、非金属材料、工业金属包揽涨幅榜前三，分别上涨1.78%、1.70%、1.68%。 截至今日收盘，全市场共计495只非货ETF上涨，上涨比例达到43%。国证港股通创新药指数上涨2.28%，港股通创新药ETF工银、港股通创新药ETF、港股 创新药ETF，分别上涨2.26%、2.25%、2.06%；中证港股通创新药指数上涨2.15%，港股创新药ETF基金、港股创新药50ETF，分别上涨2.15%、2.07%；恒生 生物科技指数上涨1.81%，恒生生物科技ETF、恒生生物科技ETF，分别上涨1.97%、1.83%。 目前，中证香港创新药人民币指数最新市盈率（PE-TTM）为27.95倍，估值低于近3年11.98%以上的时间。 港股通创新药ETF工银（159217.SZ）最新份额规模达35.89亿份。该产品紧密跟踪国证港股通创新药指数，国证港股通创新药指数旨在反映港股通创新药产 业上市 ...