公募基金周报：首批科创创业机器人ETF上报-20251130

Report Industry Investment Rating No relevant information provided. Core Views - Important news: Public funds are "betting" on dividend assets in the second half of the year; the total scale of public funds is approaching 37 trillion yuan; QDII is globally deploying AI marketing, and the US stock logic is mapped to Hong Kong stock funds [2]. - Market review: During the week of 20251124 - 20251128, the major broad - based indices in the A - share market showed an upward trend. The Shanghai Composite Index closed at 3888.60, up 1.40%. The CSI 300 Index closed at 4526.66, up 1.64%. The CSI 500 Index closed at 7031.55, up 3.14%. The CSI 800 Index closed at 4945.49, up 2.04%. The CSI 1000 Index closed at 7334.21, up 3.77%. The ChiNext Index closed at 3052.59, up 4.54%. Most overseas indices also showed an upward trend. The Nasdaq Index rose 4.91% this week, the Canadian S&P/TSX Composite rose 4.05%, and the Hang Seng Tech Index rose 3.77% [2][17]. - Fund market review: Most active equity funds achieved positive returns this week, and the median interval return rate of active equity funds was 3.03%. In terms of different sectors, technology and pharmaceutical theme funds performed outstandingly, with median interval return rates of 5.14% and 3.87% respectively [2][24]. - ETF fund statistics: Performance: The top three ETF categories in terms of performance this week were technology (4.64%), international broad - based (3.55%), and A - share broad - based (3.19%) theme ETFs. Fund flow: There were 339 ETFs with net capital inflows and 653 ETFs with net capital outflows this week. By category, the categories with the highest capital inflows were strategy style (39.68 billion yuan), commodity futures (18.76 billion yuan), and consumption (7.55 billion yuan) theme ETFs. The categories with the highest capital outflows were A - share broad - based (210.66 billion yuan), technology (112.68 billion yuan), and financial real estate (28.65 billion yuan) theme ETFs [2][29]. - Fund market dynamics: Fund manager changes: 43 public funds had new fund managers appointed this week, involving 36 fund managers from 23 fund management companies. Newly established funds this week: A total of 48 public funds were newly established this week, with a combined issuance share of 178.59 billion shares. Newly issued funds this week: A total of 45 public funds entered the issuance stage for the first time this week, with the largest number being passive index funds, at 15. Pending issuance funds: As of Sunday, November 30, 2025, there were 57 public funds pending issuance [2][38][42]. - Equity fund issuance tracking: The issuance scale of equity funds reached 95.24 billion yuan this week, a decrease of 44.75 billion yuan compared with last week. Currently, there are still 263 newly issued funds in the position - building period, of which it is estimated that 33.84% have a position - building ratio of less than 5%, and it is estimated that there is still 760.32 billion yuan of funds from newly issued funds that have not been invested. It is expected that these funds will bring significant incremental funds to industries such as electronics, communications, and machinery [2]. Summary by Relevant Catalogs 1. Important News 1.1 Market Dynamics - The pilot program for commercial real estate REITs has been officially launched, and the REITs market is expanding in high - quality. The China Securities Regulatory Commission issued a notice on November 28, 2025, and related regulations were clarified [7]. - The total scale of public funds is approaching 37 trillion yuan, reaching a new high for seven consecutive months. As of the end of October, the total scale of public funds reached 36.96 trillion yuan. In October, the share and scale of public funds both increased compared with September. Investors were most enthusiastic about subscribing to stock, QDII, and money - market funds, while bond, hybrid, and closed - end funds faced net redemptions [8]. - The regulatory authorities issued new requirements, including establishing and improving the settlement mechanism for fund sales and settlement funds [8]. 1.2 Product Hotspots - Public funds are "betting" on dividend assets in the second half of the year. As of November 27, 49 dividend funds have been reported in the second half of this year, a significant increase from 37 in the first half. As of November 25, 7 dividend - themed funds were established in November, and the total scale of 35 newly established dividend funds in the second half of the year reached 176.85 billion yuan, compared with 55.65 billion yuan in the first half [10]. - The first batch of 7双创 artificial intelligence ETFs are scheduled for launch. On November 28, 7 funds from companies such as E Fund and Huatai - Peregrine Fund will be launched, with different fundraising periods and limits [11][12]. - The first batch of science - innovation and entrepreneurship robot ETFs have been submitted. From November 24 to 26, 7 products from multiple fund companies were submitted, tracking the CSI Science - Innovation and Entrepreneurship Robot Index [13]. - The number of newly established index - enhanced funds this year has increased by more than 400% year - on - year. As of November 27, 160 index - enhanced funds were newly established, with a total fundraising amount of over 888.47 billion yuan. Most of the index - enhanced products are based on broad - based indices [14]. 1.3 Overseas/Overseas Markets - QDII is globally deploying AI marketing, and the US stock logic is mapped to Hong Kong stock funds. Many funds are embracing the AI marketing track due to risk - aversion needs. Some AI marketing stocks in the US and Hong Kong have shown significant performance [14][15][16]. - The overseas expansion of ETFs has achieved a new breakthrough. The depositary receipt of Invesco Great Wall ChiNext 50 ETF was listed in Thailand on November 25, 2025 [16]. 2. Market Review - During the week of 20251124 - 20251128, major A - share broad - based indices showed an upward trend, and most overseas indices also rose. The communication and electronics industries had the highest increases among the primary industries of CITIC [17][19]. 3. Fund Market Review 3.1 Active Equity Fund Performance - In the past week, technology and pharmaceutical theme funds performed outstandingly, with average interval returns of 5.08% and 3.95% respectively. In the past three months, cycle and manufacturing theme funds led the way [23]. - Most active equity funds achieved positive returns this week, with a median interval return rate of 3.03%. Technology and pharmaceutical theme funds had median interval return rates of 5.14% and 3.87% respectively [24]. 3.2 Top - Performing Fund Performance Statistics - The top - performing active equity fund this week was the Qianhai Kaiyuan Shanghai - Hong Kong - Shenzhen Enjoy Life Fund, with an interval return rate of 12.13%. The top - five funds in each sector are also listed [27][28]. 4. ETF Fund Statistics 4.1 ETF Fund Performance - In terms of the average interval return rate this week, the top three ETF categories were technology, international broad - based, and A - share broad - based theme ETFs. In the past month, the top three were commodity futures, bond, and consumption theme ETFs [29]. 4.2 ETF Fund Flow Statistics - This week, the ETF categories with the highest net capital inflows were strategy style, commodity futures, and consumption, while the A - share broad - based category had the highest net capital outflows. In the past month, technology, bond, and strategy style ETFs had the highest net capital inflows, and the cycle category had the highest net capital outflows [32]. - There were 339 ETFs with net capital inflows and 653 ETFs with net capital outflows this week. The top three ETFs with net capital inflows were Huaxia Shanghai - Stock - Exchange Benchmark Market - Making Treasury Bond ETF, Dacheng CSI AAA Science - and - Technology Innovation Corporate Bond ETF, and Huaxia Shanghai 50 ETF. The top three with net capital outflows were E Fund ChiNext ETF, Southern CSI 500 ETF, and Huaxia Shanghai - Stock - Exchange Science and Technology Innovation 50 ETF [34]. 4.3 ETF Fund Premium/Discount Statistics - As of November 28, 2025, the top three ETFs in terms of premium rate were Huatai - Peregrine CSI Korea Exchange Korea - China Semiconductor ETF, Huaan Mitsubishi UFJ Nikkei 225 ETF, and Huaxia Nomura Nikkei 225 ETF. The top three in terms of discount rate were E Fund Shanghai 580 ETF, Guotai CSI 2000 ETF, and Zheshang Huijin CSI Phoenix 50 ETF [35]. 5. Fund Market Dynamics 5.1 Fund Manager Changes - 43 public funds had new fund managers appointed this week, involving 36 fund managers from 23 fund management companies. The top three fund management companies in terms of the number of funds with new managers were E Fund, GF Fund, and Orient Fund [38]. - 49 public funds had fund managers leave this week, involving 37 fund managers from 20 fund management companies. The top three fund management companies in terms of the number of funds with departing managers were E Fund, Dacheng Fund, and Tianhong Fund [39]. 5.2 Newly Established Funds This Week - A total of 48 public funds were newly established this week, with a combined issuance share of 178.59 billion shares. The fund type with the largest number was partial - stock hybrid funds, and the type with the largest combined issuance share was passive index funds [42].