ETF周评 | 商业航天、半导体领涨 国内最大ETF刷新规模纪录

Market Overview - The A-share market experienced a strong start in the first trading week of 2026, with the Shanghai Composite Index surpassing 4100 points and a daily trading volume exceeding 3 trillion yuan. The Shanghai Composite Index rose by 3.82%, the Shenzhen Component Index by 4.4%, the ChiNext Index by 3.89%, and the STAR Market 50 Index surged by 9.8% [2] Sector Performance - The commercial aerospace sector continued to lead the market, with the China Securities Satellite Industry Index soaring by 22.9% in a week. Five satellite-themed ETFs saw gains exceeding 20% [2][6] - The artificial intelligence (AI) industry chain emerged as another significant growth driver, with increased demand for AI computing power leading to price hikes in storage chips and a collective rise in semiconductor-related indices. The commercial application of AI, particularly in Generative Engine Optimization (GEO), also positively impacted the media sector [2] Fund Flows - There was a notable increase in risk appetite among investors, resulting in a significant outflow from bond ETFs, exceeding 60 billion yuan in a week. Conversely, industry-focused stock ETFs attracted substantial inflows, with a net inflow of approximately 192.96 billion yuan [2][9] - Popular broad-based ETFs such as the CSI 500 ETF and the Huatai-PB CSI 300 ETF saw their scales grow by over 10 billion yuan each, with the latter reaching a record scale of 439.44 billion yuan [3][12] Commercial Aerospace Developments - The commercial aerospace sector received positive news, including a surge in satellite applications, with 203,000 new applications filed, marking a nearly tenfold increase. The first offshore reusable rocket production base has also commenced construction, which is expected to alleviate capacity bottlenecks in rocket launches [6] - The satellite industry ETF reached a milestone, with its price first exceeding 2 yuan, becoming the first "double" fund in the satellite theme sector [6] Semiconductor Sector Insights - The semiconductor sector also performed well, with the semiconductor materials ETF rising by 17.08% and the STAR Market semiconductor materials ETF increasing by 15.68% [6] - The demand for storage expansion has been confirmed, with 70%-80% of capital expenditure in storage production lines focused on equipment. This trend is expected to accelerate orders and performance in the semiconductor equipment sector in 2026 [7]