10月净流入占规模比全市场跨境ETF第一！恒生科技ETF天弘(520920)昨日金针探底，南向资金疯狂涌入港股

Core Viewpoint - The Hang Seng Technology ETF Tianhong (520920) has shown significant growth, with a recent increase in net inflows and a strong performance from its constituent stocks, indicating a positive outlook for the Hong Kong tech sector driven by AI trends and favorable monetary policies [3][4]. Group 1: ETF Performance - As of November 5, the Hang Seng Technology ETF Tianhong (520920) reached a record size of 47.28 billion yuan and 5.219 billion shares, marking new highs since its inception [3]. - The ETF has experienced continuous net inflows over the past five days, with a peak single-day inflow of 191 million yuan, totaling 932 million yuan in net inflows [3]. - In October 2025, the ETF saw a net subscription of 3.067 billion yuan, with its latest size at 4.276 billion yuan, reflecting a 212.53% increase compared to the previous month's size [3]. Group 2: Market Trends - Southbound capital has been a major source of incremental funds for the Hong Kong market, with net purchases exceeding 10.373 billion HKD on November 5, contributing to a total net inflow of over 1.28 trillion HKD this year [4]. - Analysts from Fangzheng Securities noted that the Chinese economy is showing resilience, with continuous policy support boosting confidence in both A-shares and Hong Kong stocks [4]. - Guotai Junan Securities emphasized the importance of the Hong Kong tech sector in 2026, predicting that the market will benefit from increased liquidity and the accumulation of high-quality, scarce assets [4].