ETF业绩跟踪及资金流动周报-20251019

Report Summary 1. Investment Rating - No investment rating for the industry is provided in the report. 2. Core View - This week, overseas ETF funds showed an overall outflow trend, with significant net outflows after large - scale positive inflows in September. External investors are cautious, possibly due to renewed Sino - US frictions. Short - term attention should be paid to Sino - US negotiation progress and domestic policy support [12]. 3. Summary by Directory 3.1 Wide - based ETFs - Average Weekly Returns: The data shows various average weekly returns for different wide - based ETFs, such as some with positive returns like 6.43% and 1.09%, and others with negative returns like - 0.52% and - 2.84% [4]. - Fund Inflows/Outflows: There are detailed records of fund inflows and outflows for the top ten wide - based ETFs. For example, the Huatai - PineBridge CSI 300 ETF had an inflow of 27.54 billion yuan in one record and an outflow of 22.41 billion yuan in another, while the ChinaAMC SSE STAR Market 50 ETF had an inflow of 27.23 billion yuan and an outflow of 26.82 billion yuan [4]. 3.2 Industry - themed, Smart Beta, and Hong Kong Stock Connect ETFs - Industry - themed ETFs: The average weekly return was 3.52%, and there were corresponding fund inflows/outflows, with the largest inflow reaching 109.18 billion yuan [6][8]. - Smart Beta ETFs: The average weekly returns ranged from - 2.30% to 2.23%, and the fund inflows/outflows varied from - 1.64 billion yuan to 0.00 billion yuan [9]. - Hong Kong Stock Connect ETFs: The average weekly returns were between - 3.56% and 2.0%, and the fund inflows/outflows were from - 5.0 billion yuan to 25 billion yuan [9]. 3.3 Overseas ETFs - Overall Fund Flow: This week, overseas ETFs had a net outflow of 10.85 billion yuan. In terms of style indices, the CSI 300 and CSI A500 experienced significant outflows, while only the CSI 1000 and CSI 500 had slight inflows. At the industry level, the banking sector had concentrated outflows, and sectors like non - bank finance and food and beverage also had net outflows. Among individual stocks, Kweichow Moutai was the most heavily sold, followed by Contemporary Amperex Technology and Ping An Insurance [12]. - Top 10 Industry Index Outflows: The top 10 industry index outflows included sectors such as banking, non - bank finance, and food and beverage, with the banking sector having the largest outflow of 1.82 billion yuan [15]. - Top 10 Individual Stock Outflows: The top 10 individual stock outflows included Kweichow Moutai, Contemporary Amperex Technology, and Ping An Insurance, with Kweichow Moutai having a relatively large outflow [19].