商业航天再迎重磅利好，航空航天ETF（159227）规模再创新高，三角防务领涨

Core Viewpoint - The government has issued measures to promote private investment in the low-altitude economy, particularly in infrastructure construction and satellite communication business access policies [1] Group 1: Government Initiatives - The government encourages orderly participation of private capital in low-altitude economy infrastructure [1] - Equal treatment of private investment projects in commercial space frequency licensing and launch approvals [1] - Optimization of satellite communication business access policies [1] Group 2: Market Response - On November 11, the Aerospace ETF (159227) opened high, with leading stocks such as Triangular Defense and Huayin Technology showing significant gains [1] - The Aerospace ETF has seen continuous inflows, reaching a new high of 1.959 billion yuan, making it the largest aerospace ETF in the market [1] Group 3: Industry Outlook - Southwest Securities indicates that the national 14th Five-Year Plan suggests accelerating the development of the aerospace and low-altitude economy industries [1] - The national strategy focuses on the new low-altitude economy sector, with local governments issuing development policies [1] - State-owned enterprises are actively establishing low-altitude economy companies [1] - Key application scenarios include low-altitude logistics and low-altitude cultural tourism [1] - Leading eVTOL manufacturers are securing orders and expanding overseas, indicating a clear trend towards large-scale development in the industry [1] Group 4: ETF Composition - The Aerospace ETF closely tracks the National Aerospace Index, which has a high military industry proportion of 98.2% [1] - The index covers critical industry chain segments such as aerospace equipment, satellite navigation, and new materials [1] - The commercial aerospace concept accounts for 51.83% of the index's weight [1]