ETF市场周报 | 市场后半程发力，沪指继续刷新近十年新高！创新药相关ETF开启反攻

Market Overview - The A-share market exhibited a range-bound fluctuation with reduced volatility, indicating a stabilization in market sentiment. The major indices, including the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index, experienced declines of 0.18%, 1.40%, and 3.01% respectively [1] - The trading volume in the Shanghai and Shenzhen markets fell below 2 trillion yuan on several days, reflecting a significant decrease in market activity and a growing sense of caution among investors [1] - The average decline of all ETFs was 0.62%, with commodity ETFs showing a notable increase of 2.95%, while cross-border ETFs also performed well with an average increase of 1.55% [1] ETF Performance - The innovative drug sector is showing signs of recovery, with nine out of the top ten performing ETFs related to innovative drugs, some exceeding a 7% increase. The overall revenue of the innovative drug sub-sector grew by 23.34%, and the CXO sector's net profit increased by 55.90% year-on-year, significantly outperforming the industry average [2][3] - The communication and AI-related ETFs continued to decline as the market adjusts to the valuations of previously high-performing sectors. However, this short-term adjustment may provide better long-term investment opportunities [4] Fund Trends - Despite market fluctuations, thematic ETFs remain the main attraction for capital, with a net inflow of 145.37 billion yuan during the period. Stock ETFs saw a net inflow of 46.20 billion yuan, indicating a preference for equity investments [5] - Gold and brokerage ETFs attracted significant capital inflows, with the gold ETF receiving over 2.5 billion yuan, highlighting a strong demand for safe-haven assets [7] ETF Issuance Market - Two new ETFs are set to launch next week, including the Huaxia CSI Photovoltaic Industry ETF, which tracks the performance of companies involved in the photovoltaic industry chain, reflecting China's strong position in the global photovoltaic market [9] - The Southern Hang Seng Technology ETF aims to track the Hang Seng Technology Index, which covers various sectors of the technology industry, indicating potential growth in the Hong Kong stock market [10]