“十五五”投资周期加持，电网设备ETF（159326）逆市上涨，规模突破200亿元

Group 1 - The A-share market opened lower on February 26, with the Shanghai Composite Index down 0.15%, Shenzhen Component Index down 0.39%, and ChiNext Index down 1.29%. However, the Electric Grid Equipment ETF (159326) rose by 1.30%, with stocks like Zhongtian Technology and Hangdian Co. hitting the daily limit [1] - The Electric Grid Equipment ETF has seen continuous capital inflow for four consecutive trading days, totaling over 2.306 billion yuan, reaching a new high of 20.483 billion yuan, making it the largest electric grid ETF in the market [1] - The State Grid announced a fixed asset investment of 4 trillion yuan during the 14th Five-Year Plan, a 40% increase compared to the previous plan, with an average annual investment of 800 billion yuan. Meanwhile, the Southern Power Grid disclosed a fixed asset investment of 180 billion yuan for 2026, marking a five-year high with an average growth rate of 9.5% [1] Group 2 - The International Energy Agency's latest report indicates that global electricity demand is expected to grow at an average annual rate of over 3.5% from 2026 to 2030, which is about 50% higher than the average growth rate over the past decade. Key drivers include industrial development, electric vehicle adoption, increased air conditioning use, and rising electricity consumption by data centers [2] - The Electric Grid Equipment ETF (159326) is the only product tracking the CSI Electric Grid Equipment Theme Index, focusing on ultra-high voltage and smart grid sectors, with a 90% weight on smart grid and 67% on ultra-high voltage, leading the market. The product covers major industry players like TBEA and State Grid NARI, aligning with the growth of ultra-high voltage projects and overseas exports [2]