“黄金”赛道，落袋为安！

Core Insights - Recent three trading days saw over 5 billion yuan net outflow from gold ETFs, indicating profit-taking behavior among investors [2][8] - The Shanghai Composite Index approached the 4000-point mark, supported by significant inflows into broad-based ETFs, particularly the CSI 300 ETF and SSE 50 ETF [2][7] ETF Market Overview - As of October 28, the total scale of 1231 stock ETFs (including cross-border ETFs) reached 4.42 trillion yuan, with a net inflow of only 2.14 billion yuan on that day [3] - Bond ETFs and broad-based ETFs led the net inflows, with 41.55 billion yuan and 38.99 billion yuan respectively, while thematic industry ETFs experienced a net outflow of 40.23 billion yuan [5] Specific ETF Performance - On October 28, the CSI 300 ETF and SSE 50 ETF each saw net inflows exceeding 14 billion yuan, making them the only stock ETFs with inflows over 10 billion yuan that day [7] - The Tianhong Sci-Tech Bond ETF and Taikang Sci-Tech Bond ETF reported net inflows of over 28 billion yuan and 9 billion yuan respectively [8] Fund Management Insights - E Fund's ETFs have shown significant growth, with the latest scale reaching 831 billion yuan, an increase of 230.35 billion yuan since 2025 [5] - In the context of the A-share market, structural opportunities and volatility are expected, with a focus on indices like the CSI 500 and CSI 300, as well as liquidity-sensitive assets such as the Hang Seng Tech Index [7]