投资者温度计第22期：公募风格偏向成长，散户资金净流入持续低位

Market Overview - The market experienced a slight upward movement last week, with social media engagement gradually declining compared to the previous two weeks[2] - Retail investor net inflow in A-shares was 67.0 billion CNY, a decrease of 16.3 billion CNY from the previous value, placing it at the 23.1% percentile over the past five years[2][30] Fund Management Trends - Public funds are increasingly favoring growth styles, with a focus on sectors such as electronics, electric new energy, and cyclical industries[2][16] - 40 stocks in public fund heavyweights have outperformed, with a rise exceeding 42%, concentrated in electronics, automotive, and pharmaceuticals[21] Retail Investor Behavior - Financing funds saw a net outflow of 1.23 billion CNY, a reduction of 4.34 billion CNY from the previous week, indicating a slowdown in outflows[34] - The number of individual investors participating in financing and securities lending reached 739.7 thousand, reflecting a slight increase of 0.14% from the previous value[34] Social Media Engagement - The viewing of A-share content on Douyin showed a stable user structure, with an increase in the proportion of users from high-tier cities and younger demographics[7] - On Kuaishou, the number of A-share related works decreased by 110, with a drop in views by 1.884 million and interactions down by 57,000, indicating a decline in engagement[11] Market Sentiment - Positive sentiment on Weibo increased significantly due to supportive government measures and better-than-expected economic growth in Q1[13]