科技产业具备长期趋势，科创综指ETF华夏(589000)连续12天净流入，规模居同类首位

Core Insights - The Shanghai Stock Exchange Science and Technology Innovation Board Composite Index (000680) has shown a slight increase of 0.08% as of April 28, 2025, with notable gains in constituent stocks such as Deep Science and Technology (688328) up by 16.51% and Link Measurement Technology (688113) up by 8.90% [3] Market Performance - The Huaxia Science and Technology Innovation Index ETF (589000) experienced a trading volume of 61.31 million yuan with a turnover rate of 1.83% [3] - The ETF's average daily trading volume over the past week reached 214 million yuan, ranking it first among comparable funds [3] - The latest scale of the Huaxia ETF reached 3.372 billion yuan, marking a new high since its inception and placing it in the top 1/12 of comparable funds [3] - The ETF's share count has also reached 3.640 billion shares, another record high since inception, maintaining its position in the top 1/12 of comparable funds [3] Fund Inflows - The Huaxia ETF has seen continuous net inflows over the past 12 days, with a peak single-day net inflow of 1.361 billion yuan, totaling 2.579 billion yuan in net inflows [3] Policy Insights - The Central Political Bureau meeting on April 25, 2025, discussed the current economic situation and proposed new structural monetary policy tools to support technological innovation, expand consumption, and stabilize foreign trade [3] - According to Zhongyin International, the market may experience a temporary slowdown in upward momentum following the meeting, but the downside risks remain manageable [3] - The current low valuation levels and favorable Q1 fundamental data are expected to support the market against significant downward risks, although future trends will depend on clearer policy releases or fundamental recovery expectations [3] Investment Strategy - The current investment focus is on domestic demand and self-sufficiency, which are identified as the two main lines of allocation [3] - Once the uncertainty surrounding tariffs stabilizes, profitability factors are expected to regain dominance in the market, potentially leading to a return to growth styles, with the AI industry chain likely becoming a focal point again [3]