航空航天ETF天弘(159241)：本周涨2.78%，多因素催化商业航天

Core Viewpoint - The commercial aerospace sector in A-shares experienced a strong rally towards the end of the trading session, with the Tianhong Aerospace ETF (159241) showing significant performance, indicating a positive trend in the industry driven by recent developments and government support [1]. Group 1: Market Performance - A-shares continued to see reduced trading volume, but the commercial aerospace sector saw a strong late-session surge [1]. - The Tianhong Aerospace ETF (159241) tracked an index that rose by 1.42% on the day and accumulated a weekly increase of 2.78%, breaking a four-week streak of declines [1]. - The ETF's index has a high concentration of military and aerospace components, with "aerospace equipment + aerospace supplies" accounting for over 67% of its weight [1]. Group 2: Government Initiatives - The establishment of the Commercial Aerospace Office by the National Space Administration is expected to enhance the coordination and efficiency of the satellite industry [1][3]. - The release of the "Action Plan for Promoting High-Quality and Safe Development of Commercial Aerospace (2025-2027)" indicates that commercial aerospace is being integrated into the national strategic layout [1]. Group 3: IPO Activity - From June 18 to November 27, six companies' IPO counseling filings were accepted by local securities regulatory authorities, reflecting active market participation in the commercial aerospace sector [1][3]. - The Tianhong Aerospace ETF has seen a net inflow of 128 million yuan during its recent 13% correction period from September 1 to November 21, indicating investor confidence [1][3]. - Since its launch on May 29, the ETF has added 274 million shares, representing a growth rate of 144% [1][3].