ETF周报：首批10只科创债ETF将于下周正式发行-20250706

1. Report Industry Investment Rating - No relevant content provided. 2. Core Viewpoints - The median weekly return of stock - type ETFs last week was 1.36%. Among broad - based ETFs, the CSI 300ETF had the highest return; among sector ETFs, the consumer ETF had the highest return; among hot - topic ETFs, the photovoltaic ETF had the highest return. Stock - type ETFs had a net redemption of 22.396 billion yuan last week. Among broad - based ETFs, the Science and Technology Innovation Board ETF had the most net subscriptions; among sector ETFs, the technology ETF had the most net subscriptions; among theme ETFs, the chip ETF had the most net subscriptions. As of last Friday, Huaxia, E Fund, and Huatai - Peregrine ranked top three in the total scale of listed non - monetary ETFs. 17 ETFs will be issued this week [1][2][56]. 3. Summary by Related Catalogs ETF Performance - From June 30, 2025, to July 4, 2025, the median weekly return of stock - type ETFs was 1.36%. Among broad - based ETFs, the CSI 300, GEM - type, A500, SSE 50, CSI 500, CSI 1000, and Science and Technology Innovation Board ETFs had median returns of 1.64%, 1.52%, 1.41%, 1.39%, 0.87%, 0.60%, and 0.48% respectively. The median returns of commodity - type, cross - border, bond - type, and money - type ETFs were 1.12%, 0.69%, 0.16%, and 0.02% respectively. By sector, consumer, cyclical, large - finance, and technology sector ETFs had median returns of 1.66%, 1.27%, - 0.05%, and - 0.22% respectively. By hot - topic, photovoltaic, bank, and pharmaceutical ETFs had median returns of 4.41%, 3.79%, and 2.97% respectively, showing relatively strong performance, while robot, chip, and AI ETFs had median returns of - 0.96%, - 0.90%, and - 0.66% respectively, showing relatively weak performance [13][17]. ETF Scale Change and Net Subscription/Redeem - As of last Friday, the scales of stock - type, cross - border, and bond - type ETFs were 300.9 billion yuan, 59.2 billion yuan, and 38.93 billion yuan respectively, while the scales of money - type and commodity - type ETFs were relatively small, at 16.38 billion yuan and 15.97 billion yuan respectively. By broad - based ETFs, the CSI 300 and Science and Technology Innovation Board ETFs had relatively large scales of 105.61 billion yuan and 20.9 billion yuan respectively. By sector, the technology sector ETF had a scale of 24.94 billion yuan, and the consumer sector ETF had a scale of 14.52 billion yuan. By hot - topic, the chip, pharmaceutical, and securities ETFs had the highest scales of 1.122 billion yuan, 918 million yuan, and 773 million yuan respectively. Last week, stock - type ETFs had a net redemption of 22.396 billion yuan, with a total scale increase of 13.011 billion yuan; money - type ETFs had a net subscription of 335.6 million yuan, with a total scale increase of 337.1 million yuan. Among broad - based ETFs, the Science and Technology Innovation Board ETF had the most net subscriptions at 610 million yuan, and the CSI 300ETF had the most net redemptions at 1.0954 billion yuan. By sector, the technology ETF had the most net subscriptions at 479.6 million yuan, and the consumer ETF had the most net redemptions at 423 million yuan. By hot - topic, the chip ETF had the most net subscriptions at 299.3 million yuan, and the dividend ETF had the most net redemptions at 155.7 million yuan [19][25][27]. ETF Benchmark Index Valuation - As of last Friday, in broad - based ETFs, the GEM - type ETF had a relatively low valuation quantile; by sector, the consumer ETF had a relatively moderate valuation quantile; by sub - theme, the wine and photovoltaic ETFs had relatively low valuation quantiles [41]. ETF Margin Trading - From last Monday to Thursday, the margin trading balance of stock - type ETFs increased from 4.1031 billion yuan in the previous week to 4.1038 billion yuan, and the short - selling volume increased from 2.098 billion shares in the previous week to 2.236 billion shares. Among the top 10 ETFs with the highest average daily margin purchases and short - selling volumes, the Science and Technology Innovation Board ETF and the chip ETF had relatively high average daily margin purchases, and the CSI 1000ETF and the CSI 500ETF had relatively high average daily short - selling volumes [43][49]. ETF Managers - As of last Friday, Huaxia Fund ranked first in the total scale of listed non - monetary ETFs, with high management scales in multiple sub - fields such as scale - index ETFs, industry - index ETFs, and theme, style, and strategy - index ETFs. E Fund ranked second, with high management scales in scale - index ETFs and cross - border ETFs. Huatai - Peregrine Fund ranked third, with high management scales in scale - index ETFs and theme, style, and strategy - index ETFs. Last week, 3 new ETFs were established, and 17 ETFs will be issued this week [50][53].