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Core Viewpoint - The market experienced fluctuations from December 15 to 19, with satellite-related and tourism-related ETFs showing significant gains, while cross-border ETFs faced declines. Overall, the ETF market saw a net inflow of over 87 billion yuan, indicating a clear bottom-fishing trend among investors [1][5]. Group 1: ETF Performance - Satellite-related ETFs and tourism-related ETFs led the gains, with the satellite ETF from E Fund (563530) showing a weekly increase of 7.04%, and tourism ETFs (562510 and 159766) rising by 6.77% and 6.71% respectively [2][3]. - Other notable performers included the satellite industry ETF (159218) and the aerospace ETF (563380), both of which also posted gains above 5% [3]. - Conversely, cross-border ETFs, particularly the Hong Kong information technology ETF and the Sino-Korean semiconductor ETF, experienced significant declines, with the Hong Kong information technology ETF dropping by 5.24% [4]. Group 2: Fund Flows - From December 15 to 19, several broad-based ETFs attracted significant net inflows, with 7 out of the top 10 ETFs by net inflow being broad-based ETFs, including the A500 ETF from E Fund (159361) and the ChiNext ETF (159915) [5][6]. - The A500 ETF from E Fund saw a net inflow of 27 billion yuan, while the ChiNext ETF had a net inflow of 31 billion yuan during the same period [6]. - Cross-border ETFs and innovative bond ETFs also received substantial inflows, with the Hong Kong Stock Connect Internet ETF and the Hong Kong Stock Connect Technology ETF each exceeding 10 billion yuan in net inflows [5]. Group 3: Market Outlook - Invesco Great Wall Fund maintains an optimistic outlook for the market, particularly for the equity market, predicting that technology will remain a key focus area [7]. - The fund manager from E Fund suggests a shift from defensive to aggressive positioning, emphasizing the importance of technology indices and sectors benefiting from domestic demand recovery [7].