基金双周报：ETF市场跟踪报告-20251013
Ping An Securities·2025-10-13 05:12

ETF Market Overview - The overall performance of ETF products has been good in the past two weeks, with the CSI 500 showing the highest increase among major broad-based ETFs, while the cyclical industry ETF had the largest gain among industry and thematic products [2][9] - As of October 10, the net inflow of funds in major broad-based ETFs was highest for the Sci-Tech 50, CSI A500, CSI 300, and ChiNext Index ETFs, while the CSI A50 ETF experienced the largest net outflow [2][9] Fund Flow Analysis - In the past two weeks, the fund flow for broad-based ETFs shifted from net outflow to net inflow, with the CSI 300, CSI 500, CSI 1000/CSI 2000, and Sci-Tech/ChiNext ETFs seeing a reversal in fund flow, while the outflow rate for the SSE 50 ETF slowed down [10][16] - The cumulative fund flow for major industry thematic ETFs showed that after significant outflows at the beginning of the year, the technology ETFs have seen a return to inflows since March, although the inflow rate has slowed recently [16][20] Product Structure Distribution - As of October 10, a total of 15 new ETFs were established in the past three weeks, with a total issuance of 8.083 billion units, consisting of 14 stock ETFs and 1 QDII ETF [20] - Compared to the end of 2024, the scale of various ETFs has increased significantly, with bond ETFs, commodity ETFs, industry + dividend ETFs, QDII ETFs, and broad-based ETFs increasing by 284.29%, 141.80%, 109.29%, 49.52%, and 14.91% respectively [20][21] Thematic ETF Tracking - In the technology thematic ETFs, products tracking the China-Korea semiconductor index and central enterprise technology indices performed best in the past two weeks, with significant net inflows for products tracking Sci-Tech chips, while those tracking communication equipment saw net outflows [26][29] - For dividend thematic ETFs, those tracking high dividend selections showed the largest increase in returns over the past two weeks, with net inflows for products tracking Hong Kong Stock Connect high dividend selections [32]