重要会议10点召开，全市场军工含量最高的航空航天ETF（159227）规模创新高

Core Viewpoint - The defense and aerospace sector in A-shares is experiencing a correction, but there is an anticipated pulse opportunity ahead of the military parade on September 3, which historically has a significant catalytic effect on military stocks [1] Group 1: Market Performance - On August 20, A-shares opened lower, with the aerospace ETF (159227) showing a slight recovery, narrowing its decline to 0.17% by 10:01 AM, with a transaction volume of 26.8 million yuan [1] - The leading stocks in the aerospace ETF include Hitec Products, which rose over 5%, along with China Satellite, Aerospace Electronics, Aerospace Morning Light, and Steel Research High-tech, which also saw gains [1] Group 2: Sector Analysis - According to Shenwan Hongyuan Securities, the defense and military industry is expected to see increased market expectations as the military parade approaches, with historical data indicating a strong correlation between major parade events and military stock performance [1] - The aerospace ETF (159227) closely tracks the National Aerospace Index, focusing on core areas of military aerospace, with a high concentration of 97.86% in the primary military industry [1] - The weight of aerospace equipment in the ETF's constituent stocks is 66.8%, significantly surpassing that of the CSI Military and CSI Defense indices [1] Group 3: Index Performance - From July 31, 2024, to July 31, 2025, the National Aerospace Index is projected to yield a return of 37.28%, outperforming the CSI Defense Index (33.06%), CSI Military Index (30.4%), and Military Leader Index (26.78%) [1]