上周债券ETF疯狂净流入超700亿元，股票ETF净流出百亿，宽基ETF持续“失血”

Market Overview - The A-share market saw an overall increase last week, with the ChiNext Index rising the most at 3.17%, while the Hang Seng Index increased by 2.84% [1] - Among the 31 Shenwan first-level industries, 19 industries rose and 12 fell, with the top three gainers being Communication (up 7.56%), Pharmaceutical and Biological (up 4.00%), and Automotive (up 3.28%). The largest declines were in Media (down 2.24%), Real Estate (down 2.17%), and Public Utilities (down 1.37%) [1] Fund Flows - Last week, the total net inflow for ETFs across the market was 562.35 billion yuan, with bond ETFs seeing a significant net inflow of 733 billion yuan. Domestic stock ETFs and cross-border stock ETFs had a combined net outflow of 109.71 billion yuan, while commodity ETFs experienced a slight net outflow of 12.37 billion yuan [2] - The first batch of Sci-Tech Innovation Bond ETFs launched last week, leading to substantial net inflows of 483.39 billion yuan for AAA Sci-Tech Innovation Bonds and 180.73 billion yuan for Shanghai AAA Sci-Tech Innovation Bonds [3] Sector-Specific Inflows - Financial indices continued to attract capital, with net inflows of 24.66 billion yuan for securities companies and 24.63 billion yuan for Hong Kong securities. Financial technology and the CSI Bank index saw net inflows of 17.72 billion yuan and 15.48 billion yuan, respectively [4] - The Sci-Tech 50 Index and Animation & Gaming sectors had net inflows of 22.24 billion yuan and 18.29 billion yuan, respectively [5] Outflows - Broad-based indices experienced continued outflows, with the CSI A500, CSI 300, ChiNext Index, and CSI 1000 seeing net outflows of 102.28 billion yuan, 71.75 billion yuan, 29.04 billion yuan, and 22.35 billion yuan, respectively [6] ETF Performance - Most A-share ETFs saw increases last week, with the Pharmaceutical and Biological ETF showing a significant average increase of 4.05%. Conversely, Financial and Real Estate ETFs experienced an average decline of 1.02% [17] - The Hang Seng Innovation Drug ETF and other related funds saw increases exceeding 7% [18] New ETF Listings - Last week, 12 new ETFs were launched, including 10 bond ETFs and 2 stock ETFs, with a total issuance scale of 51.51 billion yuan [26] Industry News - The scale of bond index funds reached nearly 1.5 trillion yuan in the second quarter, with notable growth from fund companies like Bosera, Southern, and GF Fund, each surpassing 100 billion yuan [27] - Korean investors have shown a strong preference for Chinese stocks, particularly in the Hong Kong market, with Xiaomi Group-W being the most held stock by Korean investors [28] - The first batch of Sci-Tech Innovation Bond ETFs was officially launched, increasing the total number of credit bond ETFs to 21 [29]