公募基金周报：第二批科创债ETF集体结募-20250915

Report Industry Investment Rating - Not provided in the content Core Views - Important news: Indexes are frequently "newly launched" to offer more refined investment tools for the market; public funds are heavily investing in enhanced index funds; the total scale of QDII funds has increased by 26.5% this year [2]. - Market review: Last week (from September 8th to September 12th, 2025), the major broad - based indexes of the A - share market showed an upward trend. Overseas indexes also mostly rose [2][15]. - Fund market review: Most active equity funds achieved positive returns last week, with the median return of active equity funds at 2.03%. Technology and cyclical theme funds performed well [2]. - ETF fund statistics: The top three performing ETF categories last week were international broad - based, technology, and H - share broad - based theme ETFs. In terms of capital flow, manufacturing, pharmaceutical, and financial real - estate theme ETFs had the highest capital inflows, while A - share broad - based, technology, and bond theme ETFs had the highest outflows [2]. - Fund market dynamics: Last week, 58 public funds had new fund managers, 40 new public funds were established, 56 public funds entered the issuance stage, and 33 public funds were awaiting issuance [2]. - Equity fund issuance tracking: The issuance scale of equity funds last week was 177.49 billion yuan, a decrease of 65.68 billion yuan from the previous week. It is expected that newly established and fully - invested funds will bring significant incremental funds to industries such as electronics, computers, and pharmaceuticals [2]. Summaries by Relevant Catalogs 1. Important News 1.1 Market Dynamics - Indexes are frequently "newly launched" to offer more refined investment tools. On September 11th, six new indexes were released, all selecting 100 securities from the CSI A500 index as samples, providing diversified investment targets [7]. - The international gold price hit a new high, and institutions flocked to research gold stocks. On September 8th, the spot gold price exceeded $3,610 per ounce. Some gold concept stocks were intensively investigated by institutions [7]. - Public funds are heavily investing in enhanced index funds. This year, 106 enhanced index funds have been newly issued, with a combined issuance share of 61.097 billion, exceeding the full - year figures of 2024 and 2023 [8][9]. 1.2 Product Highlights - The total scale of QDII funds has increased by 26.5% this year. As of September 12th, the total scale of QDII funds reached 673 billion yuan, an increase of 141 billion yuan from the beginning of the year. There are 215 stock - type QDII funds, with a scale of 567.7 billion yuan [10]. - The second batch of science - innovation bond ETFs has collectively completed fundraising. On September 12th, the second batch of science - innovation bond ETFs from 14 fund companies were launched, and many products completed their fundraising ahead of schedule [10][11]. - The industry's first floating - management - fee medical QDII fund was launched. The Dongfanghong Medical Innovation Hybrid Securities Investment Fund (QDII) was launched on September 10th, with a fundraising period from September 10th to September 23rd [11]. 1.3 Overseas Market - The latest US inflation data was released. On September 11th, the US CPI and core CPI data were announced, which met market expectations and strengthened the market's confidence in the Fed's subsequent interest - rate cuts [11]. - South - bound funds had a net inflow of over HK$60 billion in a week, and Internet giants were heavily added. From September 8th to September 12th, the net inflow of south - bound funds was HK$60.822 billion, the highest since May [12]. - Public funds are actively going overseas, and "buying Chinese funds" has become a new global investment trend. Chinese public funds are entering the "capability output" stage in overseas expansion, with products being well - received in Southeast Asian markets [12][13][14]. 2. Market Review - Last week, the major broad - based indexes of the A - share market showed an upward trend. The Shanghai Composite Index closed at 3,870.60, up 1.52%; the CSI 300 Index closed at 4,522.00, up 1.38%; the CSI 500 Index closed at 7,147.75, up 3.38%; the CSI 800 Index closed at 4,963.53, up 1.92%; the CSI 1000 Index closed at 7,422.88, up 2.45%; and the ChiNext Index closed at 3,020.42, up 2.10%. Overseas indexes also mostly rose [2][15]. 3. Fund Market Review 3.1 Active Equity Fund Performance - In the past week, technology and cyclical theme funds performed well, with average interval returns of 4.64% and 3.02% respectively. In the past three months, technology and manufacturing theme funds led in performance, with average interval returns of 41.68% and 25.64% respectively. In the past year, technology and pharmaceutical theme funds stood out, with average interval returns of 91.68% and 62.13% respectively [18]. 3.2 Top - Performing Fund Performance Statistics - The top - performing active equity fund last week was Penghua Innovation - Driven (005967.OF), a technology - themed fund, with a weekly interval return of 13.55% [23]. 4. ETF Fund Statistics 4.1 ETF Fund Performance - In terms of the average interval return last week, the top three performing ETF categories were international broad - based, technology, and H - share broad - based theme ETFs, with interval returns of 5.10%, 5.05%, and 3.33% respectively [25]. 4.2 ETF Fund Capital Flow Statistics - In terms of last week's net capital inflow, the top - ranked ETF categories were manufacturing, pharmaceuticals, and financial real - estate, with inflows of 128.97 billion yuan, 116.68 billion yuan, and 115.72 billion yuan respectively. The A - share broad - based ETF had the highest net outflow, at 172.64 billion yuan [28]. 4.3 ETF Fund Premium and Discount Statistics - As of September 12th, 2025, the top three ETFs in terms of premium rate were Huabao Shanghai - Stock - Exchange Science - Innovation Board Artificial Intelligence ETF, Huaxia Feed Soybean Meal Futures ETF, and Shenwan Hongyuan CSI R & D Innovation 100 ETF, with premium rates of 1.95%, 1.63%, and 1.43% respectively. The top three ETFs in terms of discount rate were Yinhu CSI 2000 Enhanced Strategy ETF, Huaxia CSI Hong Kong Stock Connect 50 ETF, and Huaxia CSI Science - Innovation and Entrepreneurship 50 ETF, with discount rates of 0.63%, 0.62%, and 0.55% respectively [34]. 5. Fund Market Dynamics 5.1 Fund Manager Changes - Last week, 58 public funds had new fund managers, involving 49 fund managers from 27 fund management companies. The top three fund management companies in terms of the number of funds with new managers were Huaxia Fund, Taiping Fund, and Huatai - Peregrine Fund [36]. 5.2 Newly Established Funds Last Week - A total of 40 public funds were newly established last week, with a combined issuance share of 21.794 billion [2]. 5.3 First - Time Issued Funds Last Week - 56 public funds entered the issuance stage last week, with the largest number being passive index - type bond funds, at 14 [2]. 5.4 Funds Awaiting Issuance - As of September 14th, 2025, there were 33 public funds awaiting issuance [2]. 5.5 Equity Fund Issuance Tracking - The issuance scale of equity funds last week was 177.49 billion yuan, a decrease of 65.68 billion yuan from the previous week. There are still 296 newly issued funds in the position - building period, with an estimated 35.14% of them having a position - building ratio of less than 5%, and an estimated 88.871 billion yuan of funds yet to be invested [2].