全球电网升级大周期，关注出海大方向，电网设备ETF（159326）持续获资金抢筹

Group 1 - The A-share market experienced slight fluctuations on November 19, with the previously strong-performing power grid equipment sector undergoing a phase correction, as evidenced by the only power grid equipment ETF (159326) declining by 1.11% with a trading volume of 154 million yuan [1] - The power grid equipment ETF has attracted significant capital attention recently, with a net inflow exceeding 1.5 billion yuan in the past month, bringing its total size to over 1.9 billion yuan, making it the largest power grid equipment-themed ETF in the market [1] - High demand for AI computing power is leading to global electricity supply tensions, with a recent Goldman Sachs report indicating that electricity supply has become a major obstacle to AI development, predicting a 160% increase in electricity demand from global data centers by 2030 [1] Group 2 - Huatai Securities noted that the export logic for primary equipment, represented by transformers, remains strong, with both orders and revenue showing rapid growth in the main and distribution networks [1] - The ETF tracks the CSI Power Grid Equipment Theme Index, with its constituent stocks primarily distributed across power transmission and transformation equipment, grid automation equipment, cable components, communication cables, and distribution equipment, demonstrating strong representativeness [1] - The weight of ultra-high voltage equipment in the index is as high as 64%, the highest in the market, indicating a significant focus on high-voltage level grid equipment shortages that are expected to persist [1]