ETF基金周度跟踪：A股成长ETF表现强劲，资金流入A股大盘ETF-20251213

1. Report Industry Investment Rating - The document does not mention the industry investment rating. 2. Core Viewpoints of the Report - The report focuses on the performance and capital flow of the ETF fund market in the past week (December 08 - December 12, 2025), providing investors with a reference [1]. - During this period, the Shanghai Composite Index slightly declined, and most stock ETFs fell. A - share growth ETFs had the largest increase, with an average increase of 3.81% for funds above a certain scale, while Hong Kong - stock theme ETFs and Hong Kong - stock dividend ETFs had significant declines [2][5]. - Capital flowed into A - share large - cap ETFs, with a net inflow of 9.08 billion yuan for the whole week. In contrast, A - share TMT ETFs and A - share financial and real - estate ETFs experienced capital outflows, with net outflows of 7.139 billion yuan and 5.824 billion yuan respectively [3][5]. 3. Summary According to Related Catalogs 3.1 ETF Market Overall Performance - Market Performance: The Shanghai Composite Index slightly declined, and most stock ETFs fell. A - share growth ETFs had an average increase of 3.81% for funds above a certain scale, while Hong Kong - stock theme ETFs and Hong Kong - stock dividend ETFs had average declines of 3.03% and 2.82% respectively [2][5]. - Capital Flow: Capital flowed into A - share large - cap ETFs with a net inflow of 9.08 billion yuan, and A - share TMT ETFs and A - share financial and real - estate ETFs had net outflows of 7.139 billion yuan and 5.824 billion yuan respectively [3][5]. 3.2 Different Popular Sub - type ETF Fund Market Performance - A - share ETFs: Include various types such as broad - based index (full - market, large - cap/super - large - cap, mid - small - cap, science - innovation/growth enterprise board), industry (TMT, mid - stream manufacturing, consumption, pharmaceutical and biological, cycle, financial and real - estate), SmartBeta (value, growth, dividend, free cash flow), and theme. Each type has different performance in terms of weekly capital flow, weekly return, recent 1 - month return, and year - to - date return [13][14][15]. - Hong Kong - stock ETFs: Include broad - based index, industry (TMT, mid - stream manufacturing, consumption, pharmaceutical and biological, financial and real - estate), SmartBeta (dividend), and theme. Each type shows different performance in capital flow and return [28][29][30]. - Shanghai - Hong Kong - Shenzhen ETFs: Include industry and theme types, with different performance in capital flow and return [34][35][36]. - US - stock ETFs: Include broad - based index and industry types, with different performance in capital flow and return [37][38]. - Other QDII - ETFs (excluding Hong Kong - stock/US - stock): Have different performance in capital flow and return [39]. - Bond ETFs: Have different performance in capital flow and return [40]. - Commodity ETFs: Have different performance in capital flow and return [41]. 3.3 Innovation Theme and Sub - industry ETF Fund Market Performance - TMT Innovation Theme: Indexes such as animation and games, cloud computing and big data, etc. have different weekly and year - to - date returns, and their representative funds also show corresponding performance [43]. - Consumption Sub - industry: Indexes such as liquor, food and beverage, etc. have different weekly and year - to - date returns, and their representative funds also show corresponding performance [44]. - Pharmaceutical Sub - industry: Indexes such as vaccine and biotechnology, innovative drugs, etc. have different weekly and year - to - date returns, and their representative funds also show corresponding performance [45]. - New Energy Theme: Indexes such as power utilities, photovoltaic industry, etc. have different weekly and year - to - date returns, and their representative funds also show corresponding performance [46]. - Central and State - owned Enterprise Theme: Indexes such as mainland state - owned enterprises, Hong Kong - stock central enterprise dividends, etc. have different weekly and year - to - date returns, and their representative funds also show corresponding performance [47][48]. - Steady - growth Theme: Indexes such as coal, real estate, etc. have different weekly and year - to - date returns, and their representative funds also show corresponding performance [49]. - Shanghai - Hong Kong - Shenzhen/Hong Kong - Stock Connect Sub - industry: Indexes such as Shanghai - Hong Kong - Shenzhen Internet, Hong Kong securities, etc. have different weekly and year - to - date returns, and their representative funds also show corresponding performance [50]. - Dividend/Dividend Low - volatility Index Family: Indexes such as CSI 300 Dividend, CSI Dividend Low - volatility, etc. have different weekly and year - to - date returns, and their representative funds also show corresponding performance [51]. - Growth Enterprise Board Index Family: Indexes such as science - innovation chips, growth enterprise board growth, etc. have different weekly and year - to - date returns, and their representative funds also show corresponding performance [52].