事件催化军工行情，航空航天ETF（159227）再度上涨，天和防务涨超8%

Core Viewpoint - The military industry is experiencing a rebound, driven by increased market attention and upcoming military events, with significant investment opportunities in aerospace and defense sectors [1] Group 1: Market Performance - On August 18, major indices opened higher, with the Shanghai Composite Index up 0.43%, Shenzhen Component Index up 0.48%, and ChiNext Index up 0.60% [1] - The aerospace ETF (159227) rose by 0.67%, with notable gains in stocks such as Tianhe Defense up over 8% and China Haifeng up over 6% [1] Group 2: Fund Flows - On August 15, the aerospace ETF (159227) saw a net inflow of 41.43 million yuan, bringing its latest scale to 966.7 million yuan, making it the largest in its category [1] Group 3: Industry Outlook - According to Shenwan Hongyuan, while some military stocks may face short-term upward pressure due to military parades, most military stocks still have upward momentum [1] - The military industry is expected to benefit from a combination of fundamental growth and valuation increases, driven by the ongoing 14th Five-Year Plan and military modernization efforts [1] - The aerospace ETF (159227) tracks the National Aerospace Index, which has a high military attribute with 97.86% of its components in the military sector, and a significant focus on aerospace equipment with a weight of 66.8% [1]