彻底爆了！“吸金”超4800亿

Core Insights - The stock ETF market in China has seen significant inflows, with a net inflow of over 1189 billion yuan in December alone and a total of 4847 billion yuan since the beginning of 2025 [1][8]. Fund Flows - On December 30, the total net inflow for all stock ETFs (including cross-border ETFs) was 65.81 billion yuan, with the top inflow sectors being non-ferrous metals (28.7 billion yuan), the CSI A500 index (16.6 billion yuan), and gold (8.2 billion yuan) [2][10]. - The top outflow sectors included the Sci-Tech 50 index (-12.4 billion yuan), the Shanghai 50 index (-5.3 billion yuan), and communication (-4.3 billion yuan) [2][10]. Leading Funds - E Fund's ETF had a total scale of 844.4 billion yuan, increasing by 15.8 billion yuan on December 30, with a net inflow of 3.5 billion yuan [2][10]. - The non-ferrous metals ETF from Huaxia Fund saw a net inflow of 27 billion yuan, reaching a new high in both share count and scale, growing over 59 times in the year [3][11]. Sector Performance - The non-ferrous metals ETF, brokerage ETFs, and dividend ETFs were the main contributors to inflows, while the Sci-Tech 50 ETF and Shanghai 50 ETF were among the largest outflows [4][12]. - The top-performing ETFs on December 30 included the non-ferrous metals ETF (61.95 billion yuan, +1.30%), A500 ETF (216.79 billion yuan, +0.25%), and CSI 300 ETF (1977.96 billion yuan, +0.35%) [5][13]. Market Outlook - The market is expected to see continued inflows as conditions remain favorable, including increased capital entering the market and reasonable valuations across indices [6][14]. - Investment opportunities are anticipated in growth sectors such as AI, electric new energy, and industrial metals, alongside potential policy-driven movements in non-bank financials, hotels, logistics, and aviation as the year-end approaches [6][14].