ETF市场周报 | 海外局势催化防守情绪，市场风格高低切换明显，三大指数遭遇震荡，芯片相关ETF持续保持强势

Market Overview - The A-share market experienced fluctuations and adjustments during the week of October 13-17, 2025, with the ChiNext index falling below 3000 points, returning to early September levels [1] - The three major indices saw declines, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index down by 1.47%, 4.99%, and 5.71% respectively [1] - The average decline of all ETFs was 5.46%, while commodity ETFs performed strongly, increasing by 7.65% [1] ETF Performance - Gold ETFs surged due to the Federal Reserve's interest rate cut and heightened market risk aversion, with gold prices nearing $4400 per ounce on October 17 [2] - The top-performing ETFs were dominated by gold-related funds, with the leading gold ETF (518860) rising over 12% [2] - Divergence in the Federal Reserve's stance on interest rate cuts has contributed to increased market uncertainty and risk aversion [2] Fund Trends - Despite a noticeable outflow from high-growth sectors, there was a significant net inflow of 688.86 billion yuan into the ETF market over the week [4] - The inflow into bond ETFs reached 766.04 billion yuan, while stock ETFs saw inflows exceeding 470 billion yuan [4] - Institutional investors showed strong interest in gold ETFs, with significant inflows into various ETFs, including the leading gold ETF (518880) which saw over 50 billion yuan in inflows [6] New ETF Listings - Four new ETFs are set to launch next week, including the Qianhai Kaiyuan CSI Private Enterprise 300 ETF, which tracks 300 representative private companies in China [8] - The Guangfa CSI Satellite Industry ETF will cover the entire satellite industry chain, aligning with government initiatives to promote high-level technological self-reliance [8] - The E Fund Shanghai Stock 580 ETF focuses on small-cap stocks, emphasizing innovation and growth potential, while the Huaan Guozheng Hong Kong Stock Connect Consumer Theme ETF targets high-growth consumer companies in Hong Kong [9][10]