政策与技术突破共振，商业航天热度不减，航空航天ETF（159227）全市场规模最大航天类ETF

Core Viewpoint - The A-share market is experiencing a downward trend, but the Aerospace ETF (159227) shows resilience, with significant trading volume and notable stock performances in the aerospace sector [1] Group 1: Market Performance - The A-share indices are in a downward trend, with the Aerospace ETF (159227) showing a slight decline of 0.09% and a trading volume of 247 million yuan, making it the largest in its category [1] - The Aerospace ETF has reached a scale of over 2.1 billion yuan, indicating strong market interest and investment in the aerospace sector [1] Group 2: Industry Developments - The "14th Five-Year Plan" has included "building a strong aerospace nation" as a key objective, signaling government support for the commercial aerospace industry [1] - The National Space Administration has released an action plan for the high-quality and safe development of commercial aerospace from 2025 to 2027, aiming for significant growth and efficient collaboration within the industry [1] - The progress in satellite networking and increased launch frequency in China is notable, with private rocket companies rapidly emerging and several entering the listing guidance phase [1] Group 3: ETF Composition - The Aerospace ETF closely tracks the National Aerospace Index, covering critical sectors such as aerospace equipment, satellite navigation, and new materials, with a high weight of 56.5% in commercial aerospace concepts [2] - The top ten holdings of the ETF include industry leaders such as Aerospace Development, China Satellite, and Aerospace Electronics, reflecting a strong position in the market [2]