近百亿，“跑了”！

Market Overview - On June 10, the A-share market saw all three major indices decline, with the Shanghai Composite Index down 0.44%, the Shenzhen Component Index down 0.86%, and the ChiNext Index down 1.17%, with a total trading volume exceeding 1.4 trillion yuan [1] - Sectors such as shipping ports, beauty care, and gaming performed well, while semiconductor, aerospace, and software development sectors experienced significant declines [1] ETF Market Activity - The stock ETF market experienced a net outflow of funds, with investors opting to "take profits" [1] - On June 10, the net outflow from stock ETFs was 9.9 billion yuan, with notable outflows from several broad-based ETFs, including a 2.05 billion yuan outflow from the CSI 300 Index-related ETFs [1][4] Fund Inflows and Outflows - As of June 10, the total scale of 1,113 stock ETFs in the market was 3.52 trillion yuan [2] - Eleven stock ETFs saw net inflows exceeding 100 million yuan, with the top performers being the Science and Technology Innovation 50 ETF (645 million yuan), Military Leaders ETF (309 million yuan), and Semiconductor ETF (255 million yuan) [2][3] - Conversely, the top outflowing ETFs included the Shanghai Stock Exchange 50 ETF (-1.457 billion yuan), CSI 300 ETF (-1.1 billion yuan), and multiple Innovation ETFs with significant outflows [5] Investment Strategy Insights - Long-term investment strategies suggest a focus on a "barbell allocation" approach, balancing defensive and offensive positions [6][7] - Defensive sectors such as high-dividend stocks and gold are recommended for low-cost entry, while offensive sectors like technology growth, commercial aerospace, and robotics are expected to yield higher returns during macroeconomic easing [7] - The innovative pharmaceutical sector remains a focal point, with increasing confidence in its business models and potential for valuation uplift due to high volatility characteristics [6]