落袋为安！13亿“跑了”

Core Insights - On May 14, the stock ETF market experienced a net outflow of 1.3 billion yuan, marking the third consecutive day of outflows this week [1][3] - Since late April, stock ETFs have seen over 10 consecutive trading days of net outflows, totaling more than 50 billion yuan [1][5] - The total number of stock ETFs in the market reached 1,089, with a total scale of 3.58 trillion yuan as of May 14 [2] Fund Flow Analysis - On May 14, 14 stock ETFs recorded net inflows exceeding 100 million yuan, with the top three being Huatai-PB CSI 300 ETF, Southern CSI 500 ETF, and Huaxia CSI A500 ETF, each with inflows over 400 million yuan [3][4] - The leading sectors for net inflows included CSI 300 (net inflow of 790 million yuan), CSI 500 (net inflow of 710 million yuan), and CSI A500 (net inflow of 680 million yuan) [3] - Conversely, the commodity-based gold ETFs experienced a net outflow of 1.6 billion yuan on the same day, continuing a trend of outflows over the past five trading days [3] Sector Performance - On May 14, 20 stock ETFs experienced net outflows exceeding 100 million yuan, with significant losses in sectors such as brokerage and Hong Kong technology and internet ETFs [5] - The top three ETFs with the highest net outflows included CSI A500 ETF, brokerage ETF, and dividend ETF, with outflows of 458 million yuan, 442 million yuan, and 401 million yuan respectively [7] - The recent market dynamics suggest that while there is support for the capital market from current policies, investor sentiment remains cautious due to ongoing trade negotiations and economic data releases [5][6]