Group 1: Report Industry Investment Rating - Not provided in the content Group 2: Core Viewpoints of the Report - In the secondary market, during the sample period from August 18 - 22, 2025, the top - performing A - share and overseas major broad - based indices were科创50, ChiNext Index, and CSI 300, with weekly returns of 13.31%, 5.85%, and 4.18% respectively. Among Shenwan primary industries, communication, electronics, and comprehensive had the highest returns at 10.84%, 8.95%, and 8.25%, while real estate, coal, and pharmaceutical biology had lower returns at 0.50%, 0.92%, and 1.05% respectively [1][10][17]. - Regarding ETF product performance, during the sample period, broad - based ETFs had the best average performance with a weighted average return of 5.12%, while QDII ETFs had the worst with - 0.61%. In terms of the listing board, ETFs related to the Science and Technology Innovation Board and the Science and Technology Innovation and Entrepreneurship 50 had better performance, with weighted average returns of 13.01% and 10.85% respectively. US and Japanese stock ETFs had poor performance, with - 2.78% and - 2.65% respectively [21]. - For ETF fund flows, industry - themed ETFs had the largest net capital inflow of 254.09 billion yuan, and broad - based ETFs had the smallest at - 161.16 billion yuan. From the perspective of the listing board, Hong Kong stock ETFs had the largest net inflow of 214.47 billion yuan, and Science and Technology Innovation Board - related ETFs had the smallest at - 144.18 billion yuan [2][25]. Group 3: Summary by Relevant Catalogs 1. Secondary Market Overview - Index returns: During the sample period,科创50, ChiNext Index, and CSI 300 had the highest weekly returns at 13.31%, 5.85%, and 4.18% respectively. The PE valuation quantile of CSI 300 was the highest at 100.00%, and that of the Nikkei 225 was the lowest at 73.36% [10]. - Industry returns: Among Shenwan primary industries, communication, electronics, and comprehensive had the highest returns at 10.84%, 8.95%, and 8.25%, while real estate, coal, and pharmaceutical biology had lower returns at 0.50%, 0.92%, and 1.05% respectively. In terms of valuation, social services, light manufacturing, and building materials had the highest valuation quantiles at 100.00%, and agriculture, forestry, animal husbandry and fishery, household appliances, and comprehensive had lower quantiles at 35.12%, 55.37%, and 62.81% respectively [17]. 2. ETF Product Overview 2.1 ETF Market Performance - By product type: Broad - based ETFs had the best average performance with a weighted average return of 5.12%, and QDII ETFs had the worst with - 0.61%. - By listing board: ETFs related to the Science and Technology Innovation Board and the Science and Technology Innovation and Entrepreneurship 50 had better performance, with weighted average returns of 13.01% and 10.85% respectively. US and Japanese stock ETFs had poor performance, with - 2.78% and - 2.65% respectively. - By industry sector: Technology sector ETFs had the best average performance with a weighted average return of 12.53%, and biomedical sector ETFs had the worst with 1.55%. - By theme: Chip semiconductor and artificial intelligence ETFs had better performance, with weighted average returns of 15.09% and 14.57% respectively. Bank and dividend ETFs had relatively poor performance, with 0.91% and 1.10% respectively [21][23]. 2.2 ETF Fund Flows - By category: Industry - themed ETFs had the largest net capital inflow of 254.09 billion yuan, and broad - based ETFs had the smallest at - 161.16 billion yuan. - By listing board: Hong Kong stock ETFs had the largest net inflow of 214.47 billion yuan, and Science and Technology Innovation Board - related ETFs had the smallest at - 144.18 billion yuan. - By industry sector: Financial and real estate sector ETFs had the largest net inflow of 141.32 billion yuan, and technology sector ETFs had the smallest at - 53.84 billion yuan. - By theme: Non - bank and innovative drug ETFs had the largest net inflows of 142.21 billion yuan and 31.74 billion yuan respectively. Chip semiconductor and military - industry ETFs had the smallest at - 78.85 billion yuan and - 5.73 billion yuan respectively [2][25][28]. 2.3 ETF Trading Volume - By category: Broad - based ETFs had the largest increase in the average daily trading volume change rate at 27.34%, and commodity ETFs had the largest decrease at - 28.91%. - By listing board: CSI 500 ETFs had the largest increase in the average daily trading volume change rate at 76.67%, and Japanese stock ETFs had the largest decrease at - 15.32%. - By industry sector: The consumer sector had the largest increase in the average daily trading volume change rate at 48.26%, and the biomedical sector had the largest decrease at - 5.57%. - By theme: Non - bank and innovative drug ETFs had the highest average daily trading volumes in the past 5 days at 367.55 billion yuan and 104.62 billion yuan respectively. Consumer electronics and artificial intelligence ETFs had the largest increases in the average daily trading volume change rate at 52.58% and 38.65% respectively. Central state - owned enterprises and innovative drug ETFs had the largest decreases at - 8.12% and - 7.01% respectively [34][37][40][43]. 2.4 ETF Margin Trading - During the sample period, the net margin purchase of all equity ETFs was - 2.48 billion yuan, and the net short - selling was 2.32 billion yuan. Southern CSI 500 ETF had the largest net margin purchase, and Southern CSI 1000 ETF had the largest net short - selling [2][48]. 2.5 ETF New Issuance and Listing - During the sample period, 9 funds were established and 8 funds were listed [3][50].
ETF周报（20250818-20250822）-20250825
Mai Gao Zheng Quan·2025-08-25 07:12