Core Insights - The article highlights the trend of bond ETFs becoming a safe haven for investors amid a significant decline in equity markets, with various sectors experiencing substantial losses [3][6]. Index Valuation Ladder - The report indicates that major indices have seen a notable decrease in valuation metrics such as PE and PB ratios, suggesting potential buying opportunities if the market continues to decline [3][4]. - The ChiNext Index dropped over 6%, leading the decline among broad indices, while sectors like photovoltaic and new energy vehicles fell by 11.3% and 8.3%, respectively [3][4]. ETF Performance - The top-performing ETFs this week were predominantly bond ETFs, with the S&P Biotechnology ETF being the only equity ETF to show a slight increase of 1.3% [6]. - The report lists the largest ETFs by scale and their respective performance, with the 10-Year Local Government Bond ETF and various credit bond ETFs showing resilience [5][6]. Fund Flow Trends - The article notes that funds are increasingly flowing into ETFs that have previously experienced significant declines, particularly in the technology and innovation sectors [10]. - The report emphasizes that the Shanghai Composite Index remains a key indicator of market sentiment, with related ETFs seeing accelerated inflows [10].
市场下跌不要慌！本周资金抄底ETF的方向呈现出这个显著特征！丨ETF风云周评（八十八）
Sou Hu Cai Jing·2025-11-23 11:12