ETF周报（20250721-20250725）-20250728

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report The report comprehensively analyzes the secondary market and ETF product situation from July 21 to July 25, 2025. It includes the performance of major indexes and industries, the flow of funds in different types of ETFs, trading volume, and new fund launches and listings [1][2][3]. Summary by Related Catalogs 1. Secondary Market Overview - Index Performance: During the sample period, the top performers in weekly returns were the Science and Technology Innovation 50, Nikkei 225, and CSI 500, with returns of 4.63%, 4.11%, and 3.28% respectively. The PE valuation quantile of the CSI 500 was the highest at 99.59%, while that of the Nikkei 225 was the lowest at 72.13% [10]. - Industry Performance: In terms of returns, the top three industries were building materials, coal, and steel, with returns of 8.20%, 7.98%, and 7.67% respectively. The bottom three were banking, communication, and public utilities, with returns of -2.87%, -0.77%, and -0.27% respectively. In terms of valuation, the top three industries in valuation quantile were computer, national defense and military industry, and textile and apparel, all at 100.00%. The bottom three were agriculture, forestry, animal husbandry and fishery, comprehensive, and household appliances, at 23.14%, 39.05%, and 40.70% respectively [17]. 2. ETF Product Overview 2.1 ETF Market Performance - By Product Type: The average performance of industry - themed ETFs was the best, with a weighted average return of 2.96%, while that of bond ETFs was the worst, with a weighted average return of -0.27%. - By Listing Plate: The ETFs related to the Science and Technology Innovation Board and Japanese stocks performed well, with weighted average returns of 4.54% and 3.82% respectively. The ETFs related to US stocks and MSCI China A - share concept performed poorly, with weighted average returns of 0.40% and 1.65% respectively. - By Industry Plate: The cycle - sector ETFs had the best average performance, with a weighted average return of 7.21%, while the consumer - sector ETFs had the worst, with a weighted average return of 1.53%. - By Theme: Chip semiconductor and non - banking ETFs performed well, with weighted average returns of 4.98% and 4.93% respectively. Banking and innovative drug ETFs performed poorly, with weighted average returns of -2.87% and 0.88% respectively [21][24]. 2.2 ETF Fund Inflow and Outflow - By ETF Category: Industry - themed ETFs had the largest net inflow of funds at 231.53 billion yuan, while broad - based ETFs had the smallest at -148.46 billion yuan. - By Listing Plate: Hong Kong stock ETFs had the largest net inflow of funds at 106.88 billion yuan, while Science and Technology Innovation Board - related ETFs had the smallest at -39.97 billion yuan. - By Industry Plate: Cycle - sector ETFs had the largest net inflow of funds at 72.00 billion yuan, while biomedical - sector ETFs had the smallest at -4.03 billion yuan. - By Theme: Non - banking and robot ETFs had the largest net inflows of funds, at 59.10 billion yuan and 14.15 billion yuan respectively. Chip semiconductor and dividend ETFs had the smallest, at -10.89 billion yuan and -7.41 billion yuan respectively [2][29][32]. 2.3 ETF Trading Volume - By ETF Category: The daily average trading volume change rate of industry - themed ETFs increased the most, by 28.96%, while that of bond ETFs decreased the most, by -6.75%. - By Listing Plate: The daily average trading volume change rate of Japanese stock ETFs increased the most, by 72.66%, while that of US stock ETFs decreased the most, by -17.66%. - By Industry Plate: The daily average trading volume change rate of cycle - sector ETFs increased the most, by 98.87%, while that of biomedical - sector ETFs increased the least, by 17.86%. - By Theme: Non - banking and innovative drug ETFs had the largest 5 - day average daily trading volumes, at 290.98 billion yuan and 97.35 billion yuan respectively. Central state - owned enterprises and chip semiconductor ETFs had the largest increases in daily average trading volume change rate, at 39.26% and 37.77% respectively. Consumer electronics and military industry ETFs had the largest decreases, at -11.92% and -6.02% respectively [38][41][44][45]. 2.4 ETF Margin Trading During the sample period, the net margin purchase of all equity ETFs was -1.432 billion yuan, and the net short - selling was 0.47 billion yuan. The E Fund CSI Hong Kong Securities Investment Theme ETF had the largest net margin purchase, and the Huaxia CSI 1000 ETF had the largest net short - selling [2][51]. 2.5 ETF New Launches and Listings During the sample period, 10 funds were established and 8 funds were listed [3][53].