20cm速递｜科创创业ETF（588360）涨超2.1%，市场风格切换与创新药赛道逻辑解析

Group 1 - The core viewpoint is that the current economic environment is characterized by stable recovery, with market risk appetite influencing market dynamics. The Politburo meeting in July emphasized the continuity and stability of policies, indicating that macro liquidity will remain loose [1] - Incremental funding is currently dominated by financing funds, private equity, and active funds such as industry/theme ETFs. It is expected that the technology sector, which has a relatively high but low-level prosperity, and small-cap styles will outperform [1] - In July, the market showed an upward trend, with technology and small-cap growth styles performing well. Leading technology stocks and the ChiNext Index led the gains, with industry performance focusing on anti-involution price increases and technology [1] Group 2 - The Science and Innovation Entrepreneurship ETF (588360) tracks the Science and Innovation Entrepreneurship 50 Index (931643), which can have a daily fluctuation of up to 20%. This index selects the 50 largest emerging industry listed companies from the Sci-Tech Board and ChiNext to reflect the overall performance of representative emerging industries [1] - The index emphasizes technology attributes and growth potential, focusing on sectors such as information technology, industrial, and healthcare [1] - Investors without stock accounts can consider various fund options, including the Guotai CSI Science and Innovation Entrepreneurship 50 ETF linked C (013307) and A (013306), as well as the Guotai ChiNext 50 ETF linked A (023371) and C (023372) [1]