
Market Overview - The market experienced a high and then a pullback, with the three major indices showing slight increases and a divergence in performance between large and small-cap stocks [1] - Key sectors that saw strong performance included solid-state battery stocks, innovative drug concepts, and gold-related stocks, while robotics stocks underwent adjustments [1] ETF Fund Flows - On May 21, significant inflows were observed in the non-monetary ETF market, with the following funds seeing notable increases in shares and net inflows: - Fortune CSI Military Leaders ETF: 767 million shares added, net inflow of 473 million yuan - Penghua CSI Defense ETF: 623 million shares added, net inflow of 443 million yuan - Guotai CSI Military ETF: 412 million shares added, net inflow of 430 million yuan [1][2] - Conversely, the following ETFs experienced substantial outflows: - E Fund ChiNext ETF: 557 million shares decreased, net outflow of 1.133 billion yuan - Huaxia CSI A500 ETF: 804 million shares decreased, net outflow of 764 million yuan - Huatai-PB CSI 300 ETF: 163 million shares decreased, net outflow of 655 million yuan [2] Top ETF Inflows - As of May 21, the top 20 ETFs by net inflow for the month included: - 511360.SH: 6.562 billion yuan - 588000.SH: 4.060 billion yuan - 511070.SH: 1.796 billion yuan - 512480.SH: 1.632 billion yuan - 511090.SH: 1.537 billion yuan [4] Overall Market Statistics - As of May 21, the total ETF shares in the market amounted to 27,421.54 billion shares, with a total scale of 41,383.41 billion yuan [4] - The sector with the largest increase in shares was information technology, with four funds tracking it, while the largest thematic increase was in the CSI Military Leaders Index, tracked by one fund [4]