细分赛道激战正酣 公募竞相发行行业主题ETF

Group 1 - The A-share market has entered a new round of structural trends in 2026, with sectors like commercial aerospace, new energy, and artificial intelligence (AI) applications showing strong performance, leading to a significant increase in the issuance of thematic ETFs [1][3] - The Satellite ETF from Yongying Fund has achieved a return of 17.92% year-to-date and a 99.10% increase over the past six months, with its scale rising from 2.4 billion to 17 billion, becoming the first thematic ETF in the market to exceed 10 billion [1] - The gold and silver prices have been rising, leading to increased interest in precious metal thematic ETFs, with the Huaan Gold ETF surpassing 100 billion, becoming the first gold ETF in China to enter the "100 billion club" [1] Group 2 - Recent thematic ETF issuance shows strong interest in the electric utility sector, with the Invesco Great Wall Fund's electric utility ETF raising 1.667 billion in just 7 days, indicating investor preference for this sector [2] - The semiconductor and AI sectors have also seen significant fundraising, with Tianhong Fund's semiconductor ETF raising 607 million and Southern Fund's AI ETF raising 514 million within short subscription periods [2] - The battery thematic ETF has experienced intense competition, with Dachen Fund's ETF raising 442 million in just 4 days, the shortest in the market, while Southern Fund's similar product raised 322 million [2] Group 3 - The recent surge in thematic ETF issuance is closely linked to the structural trends in the A-share market in 2026, with institutional investors rapidly deploying capital into popular sectors through these products [3] - Over the past five years, the number of new ETFs has increased significantly, from 281 in 2021 to 363 in 2025, with technology, new energy, and healthcare thematic ETFs showing remarkable performance [3] - The AI thematic ETF has seen explosive growth, with the Guangfa Shanghai Stock Exchange AI ETF's issuance increasing from 326 million to 3.476 billion [3] Group 4 - There is a noticeable trend of differentiation within thematic ETFs, with some products experiencing rapid shrinkage in scale post-issuance, particularly in sectors like consumer leaders and biotechnology, where some products have seen reductions exceeding 96% [4] - The ability of thematic ETFs to attract and retain capital depends on the long-term viability of the sector, product differentiation, and market conditions [4] - Fund companies need to focus on the sustainability and market demand alignment of their products while expanding into new sectors [4]