ETF市场扫描与策略跟踪：上周申报7只上证科创板芯片ETF

Global and A-share Market Overview - The A-share market experienced an overall decline last week, with the North Stock 50 Index showing the largest drop of 9.04%. The Hong Kong market also saw a decrease, with the Hang Seng Index down by 5.09%. The sectors that faced the most significant declines were primarily in the new energy sector [1][15]. - Major global market indices also reported declines, with the Shanghai Composite Index down by 3.03% and the Shenzhen Component Index down by 6.28%. The ChiNext Index fell by 8.39%, while the STAR 50 Index dropped by 9.16% [15][12]. ETF New Issuance Statistics - A total of 19 stock ETFs were reported in the A-share market last week, with 9 new stock ETFs established. In the U.S. market, 17 equity ETFs were newly established, of which 16 were actively managed ETFs [1][17][23]. Fund Flow Analysis - In the A-share market, the top 10 stock ETFs by net inflow were predominantly broad-based index ETFs, with the CSI 500 ETF leading with a net inflow of 5.778 billion yuan. Conversely, the top 10 stock ETFs by net outflow were mainly from cyclical sectors, with the Bank ETF showing a net outflow of 1.356 billion yuan [2][26][28]. - The U.S. market saw significant inflows into technology-themed ETFs, while political-themed ETFs experienced outflows. The FT Vest US Equity Buffer ETF, based on the S&P 500 Index, had the highest net inflow among actively managed ETFs [3][26]. ETF Strategy Performance - The performance of the diffusion indicator + RRG ETF rotation strategy yielded a return of -6.37%, with excess returns relative to the CSI Equal Weight Index and the CSI 300 Index at -1.58% and -2.6%, respectively. The 50% base + intraday momentum strategy showed varying returns across different ETFs, with the CSI 500 ETF returning -3.11% [4][29].