多只光伏ETF上涨；上半年近九成基金正收益丨ETF晚报

ETF Industry News - The three major indices experienced fluctuations and declines, with the Shanghai Composite Index down 0.09%, the Shenzhen Component Index down 0.61%, and the ChiNext Index down 1.13%. However, several photovoltaic ETFs saw increases, including the Photovoltaic Leader ETF (516290.SH) up 3.37%, the Photovoltaic 50 ETF (516880.SH) up 3.19%, and another Photovoltaic Leader ETF (159609.SZ) up 3.09% [1] - According to Open Source Securities, the supply-side reform in the photovoltaic sector is expected to deepen, as product prices have fallen below cash cost lines, prompting leading photovoltaic glass companies to collectively reduce production starting in July. This aligns with policy directions and aims to improve the supply-demand structure in the industry [1] Public Fund Performance - In the first half of 2025, nearly 90% of public funds reported positive returns, with the best-performing fund achieving a net value growth of 86.48%. The most notable funds were those focused on innovative pharmaceuticals and the Beijing Stock Exchange theme [2] - Analysts suggest that opportunities are expected to increase in the second half of the year, particularly in sectors such as innovative pharmaceuticals and specialized enterprises on the Beijing Stock Exchange. Additionally, technology sectors like humanoid robots may regain momentum, while the previously underperforming liquor sector could see a rebound [2] ETF Scale and Growth - As of the end of the first half of 2025, the total number of ETFs reached 1,209, with a total scale exceeding 4.31 trillion yuan, marking a 15.57% increase from the end of the previous year. The largest growth was seen in bond ETFs and commodity ETFs, which grew by 120.71% and 107.96%, respectively [3] - Eighteen ETFs saw their scale increase by over 10 billion yuan in the first half of the year, with 16 fund companies reporting new total scales exceeding 10 billion yuan [3] Public Fund Dividends - Public funds distributed nearly 1,300 billion yuan in dividends in the first half of the year, with a total of 3,533 distributions, representing a 37.53% increase year-on-year. Bond funds accounted for over 70% of the total dividend amount, with 949.76 billion yuan distributed [4] - ETFs emerged as a new star in dividend distributions, with several ETF products ranking among the top ten in terms of dividend amounts [4] Market Overview - On July 2, 2025, the three major indices collectively declined, with the Shanghai Composite Index closing at 3,454.79 points, the Shenzhen Component Index at 10,412.63 points, and the ChiNext Index at 2,123.72 points. The Hang Seng Index and other major indices showed varied performance [5] - In terms of sector performance, steel, coal, and building materials ranked among the top gainers, while electronics, communications, and defense industries lagged behind [7] ETF Market Performance - The average performance of different categories of ETFs was calculated based on their scale and price changes, with strategy index ETFs showing the best average performance at 0.69%, while theme index ETFs had the worst at -0.68% [9][10] - The top-performing ETFs included the Steel ETF (515210.SH), Photovoltaic Leader ETF (516290.SH), and Photovoltaic 50 ETF (516880.SH), with daily returns of 3.69%, 3.37%, and 3.19%, respectively [12][13] ETF Trading Volume - The top three ETFs by trading volume were the A500 ETF from Huatai-PB (563360.SH) with 3.09 billion yuan, the A500 ETF Fund (512050.SH) with 2.997 billion yuan, and the CSI A500 ETF from Southern (159352.SZ) with 2.820 billion yuan [15][16][17]