再创新高 军工易催化，航空航天ETF天弘（159241）近3月涨26%

Core Viewpoint - The aerospace ETF Tianhong (159241) has seen significant growth, with a net value reaching a new high since its listing, driven by strong performance in the military industry sector [1][10]. Group 1: Market Performance - As of August 5, the Tianhong ETF has tracked an index with a one-year increase of over 37% and a three-month increase of 26%, outperforming military-themed indices [1]. - The national aerospace index has shown strong returns, with the national defense index and military leaders also reporting substantial gains [11]. Group 2: Catalysts for Growth - The upcoming military parade on September 3 is expected to showcase advanced military equipment, serving as a catalyst for the military sector's growth [4]. - The release of the "Low Altitude Infrastructure High-Quality Construction Plan (2024-2026)" in Shenzhen is anticipated to enhance the military sector's focus on low-altitude airspace management, further stimulating interest in military investments [3]. Group 3: Long-term Outlook - The military industry is poised for a recovery, with a significant increase in orders expected as the "14th Five-Year Plan" approaches its conclusion in 2025, leading to improved performance in military enterprises [5]. - The geopolitical landscape is reshaping military trade demands, particularly in regions like the Middle East and Africa, where there is a surge in demand for high-end equipment from China [6][8]. Group 4: Investment Focus - Investment strategies in the military sector should prioritize companies involved in air superiority, as aircraft represent a significant portion of global military trade [9]. - The national aerospace index is heavily weighted towards core military sectors, with a high concentration of military-related companies, indicating a robust investment opportunity [11][13].