“十五五”规划临近，军工新一轮行情启动，航空航天ETF（159227）聚焦空天国防

Core Viewpoint - The A-share market is experiencing a rebound, with the Shanghai Composite Index returning to 3900 points, while the aerospace and defense sector shows signs of recovery amid a broader market uptrend [1][2]. Group 1: Market Performance - As of 14:19 on October 15, the aerospace and defense ETF (159227) narrowed its decline to 0.84%, with a trading volume of 1.04 billion yuan, maintaining its position as the largest in its category [1]. - The military industry is characterized by strong planning, with the five-year plan significantly influencing market expectations and operations [2]. Group 2: Industry Outlook - The latest scale of the aerospace and defense ETF (159227) reached 1.356 billion yuan, making it the largest in the market for aerospace and defense ETFs [2]. - The military industry is expected to see a clearer development direction in the next three to five years as the "14th Five-Year Plan" is implemented, potentially leading to a new round of order cycles and a recovery in the overall industry chain [2]. - Demand for military equipment is projected to maintain a growth trend over an extended period, with the gradual implementation of the "14th Five-Year Plan" presenting new development opportunities for China's military industry [2]. - The aerospace and defense ETF closely tracks the National Aerospace Index, with a high concentration of 98.2% in the primary military industry, covering key sectors such as aerospace equipment, satellite navigation, and new materials [2].