“十五五”规划首提航天强国，航空航天ETF（159227）连续12日净流入，规模再创新高

Core Insights - The A-share market experienced a collective pullback on November 4, with the Aerospace ETF (159227) declining by 1.30% and achieving a transaction volume of 65.51 million yuan, maintaining its position as the leader in its category [1] - The Aerospace ETF has seen a continuous inflow of funds for 12 trading days, accumulating a total of 476 million yuan, with its latest scale reaching a record high of 1.781 billion yuan since its inception [1] - The Fourth Plenary Session of the Central Committee has included "building a strong aerospace nation" in the 14th Five-Year Plan, emphasizing the development of strategic emerging industries such as aerospace and low-altitude economy [1] Industry Developments - The national 14th Five-Year Plan suggests accelerating the development of the aerospace and low-altitude economy industries, with various regions implementing policies to support low-altitude economic development [1] - State-owned enterprises are increasingly establishing low-altitude economic companies, indicating a strategic focus on this new sector [1] - Application scenarios such as low-altitude logistics and low-altitude cultural tourism are leading the way, with major eVTOL manufacturers securing orders and expanding overseas, showcasing a clear trend towards large-scale development of the industry [1] ETF Composition - The Aerospace ETF closely tracks the National Aerospace Index, covering key industry chain segments including aerospace equipment, satellite navigation, and new materials [2] - The constituent stocks are selected from leading companies in the field, with a significant focus on emerging areas such as large aircraft manufacturing and commercial aerospace, where the commercial aerospace concept accounts for 51.83% of the ETF's weight [2]