冰火两重天！宽基ETF遇冷流出，行业ETF热火朝天！资金新态势下，哪些ETF备受关注？

Core Viewpoint - The market is experiencing significant capital movement, with broad-based ETFs seeing a net outflow of over 250 billion yuan in the past week, while industry-specific ETFs are attracting inflows, particularly in high-growth sectors like semiconductors, non-ferrous metals, satellites, and AI applications [1][3][5]. Group 1: ETF Fund Flows - Broad-based ETFs have seen a net outflow exceeding 250 billion yuan in the last week, with the CSI 300 ETF alone accounting for over 120 billion yuan of this outflow [1]. - In contrast, industry-specific ETFs have become the main destination for capital inflows, particularly in the semiconductor, non-ferrous metals, satellite, and AI application sectors over the past month [3]. Group 2: Market Dynamics - The current market dynamics have shifted from being policy-driven to a dual-driven model of industrial trends and capital consensus, with funds continuously flowing into high-growth and technology sectors [6]. - Large institutional investors are adjusting their positions in response to market volatility, leading to a temporary cooling of the market while promoting long-term healthy development [5]. Group 3: Investment Opportunities - Key sectors to watch include: 1. Semiconductors: Rapid growth in AI-related chip demand, with domestic manufacturers accelerating development and a long-term growth trend in the global storage market [7]. 2. Non-Ferrous Metals: Entering a super cycle since 2025, driven by liquidity easing, supply constraints, and new demand from emerging industries like AI and renewable energy [7]. 3. AI Applications: Expected to see explosive growth in 2026, with multiple catalysts including government initiatives and advancements in AI technology [7]. 4. Commercial Aerospace: Benefiting from new policies and increased launch frequency, marking a significant milestone in the industry [8]. 5. Robotics: Anticipated to enter a pivotal phase in 2026, driven by advancements in applications, computing power, and capital investment [9].