商业航天板块深度调整，通用航空ETF（563320）、航空航天ETF（563380）助力布局回调机遇

Core Viewpoint - The commercial aerospace sector is experiencing a pullback, yet related ETFs such as the General Aviation ETF (563320) and Aerospace ETF (563380) remain active in trading, indicating a long-term investment interest from market participants [1][4]. Trading Activity - As of the morning close, the trading volumes for the General Aviation ETF and Aerospace ETF reached 66% and 41% of the previous day's total, with respective transaction amounts of 0.28 billion and 1.29 billion [1][4]. - The Aerospace ETF attracted a total of 2.89 billion in inflows over the past week, with daily trading volumes exceeding 3 billion on three out of five trading days, leading to a significant increase in average daily trading volume to 2.94 billion, compared to 0.25 billion in 2025 [1][4]. Fund Performance - The fund sizes and shares for the Aerospace ETF reached new highs since inception, with total assets of 6.07 billion and 8.16 billion shares respectively [1][4]. - The General Aviation ETF saw a shift to net inflows on January 23, indicating renewed investor interest [1][4]. Market Support Factors - Recent policy advancements, technological developments, and industry progress are expected to provide fundamental support for the commercial aerospace sector [1][4]. - A policy measure announced on January 23, 2026, aims to promote the development and utilization of commercial satellite remote sensing data, providing clear local guidance for industry growth [1][4]. - SpaceX's founder announced plans for achieving fully reusable rockets within the year, which could significantly lower the cost of accessing space [1][4]. - A leading commercial rocket company has completed IPO counseling, marking a significant step in the capitalizing process of the industry [1][4]. ETF Composition - The Aerospace ETF is the only ETF tracking the CSI Aerospace Index, focusing on military aerospace capabilities, with significant allocations in aerospace equipment (61.4%), space equipment (17.8%), and military electronics (17.4%) [1][4]. - The General Aviation ETF closely follows the CSI General Aviation Theme Index, which includes leading companies in the general aviation industry, combining military attributes and low-altitude economic features [1][4]. Fund Management - The fund managers of the Aerospace ETF and General Aviation ETF, Huatai-PB Fund, are among the first ETF managers in China, with a strong track record in broad-based and dividend-themed indices [1][4].