指数化投资周报：TMT板块涨幅领先，三只有色板块ETF申报-20251215

1. Report Industry Investment Rating - Not provided in the report 2. Core Viewpoints of the Report - The TMT sector led the gains on December 15, 2025, and three ETFs in the non - ferrous sector were filed for application. The performance and fund flow of ETFs showed significant differences across different markets and sectors [1] 3. Summary According to the Table of Contents 3.1 Index Product Establishment, Fund - raising, and Application - Product Establishment and Listing: In the past week, 4 ETF products such as Dongcai CSI Hong Kong Stock Connect Technology ETF and Bosera CSI Bank ETF were listed, and 11 products including Baoying CSI A500 Index Enhancement A were established. Many CSI Science and Technology Innovation and Entrepreneurship Artificial Intelligence ETFs were recently established and listed [1][5] - Product Issuance Information: In the coming week, 18 index products will end their fund - raising, including Changxin Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Index Enhancement A. Nine index products will start fund - raising, such as GF Guozheng Industrial Software Theme ETF [1][7] - Product Application Information: A total of 34 index products were applied for in the past week. With the rising trend of non - ferrous metals in the past few months, the attention of non - ferrous ETF products has further increased. Three non - ferrous sector ETFs were applied for, including Penghua and Bosera's application for the CSI Industrial Non - ferrous Metals Theme ETF and Invesco Great Wall's application for the CSI Non - ferrous Metals Mining Theme ETF [1][9] 3.2 ETF Market Review - Overall Market Performance: In the past week (December 8 - 12, 2025), the main broad - based ETFs in the A - share market showed mixed performance. The Growth Enterprise Market 50ETF and the Science and Technology Innovation 50ETF had relatively high increases of 2.92% and 1.86% respectively. The main broad - based ETFs in the Hong Kong and US stock markets slightly corrected, with the Hang Seng ETF and the Nasdaq ETF falling 1.00% and 1.92% respectively. Among commodity ETFs, the non - ferrous ETF rose 1.33%, while the energy and chemical ETF fell 3.31% [2][11] - Industry - based Performance: The major industry ETFs also showed mixed performance. The technology category had the highest increase this week, with the communication ETF having the highest increase of 6.85%. Among the broad - based categories, the Growth Enterprise Market 50ETF rose 2.92%, and among the cyclical categories, the coal ETF had a relatively high decline of 3.88% [2][13] - Cross - border ETF Performance: In the past week, the main broad - based indices of cross - border markets showed mixed performance, with the Topix Index having the highest increase of 1.82%. Among global market - corresponding ETFs, the Huatai - Peregrine CSI KRX Korea - China Semiconductor ETF rose 1.59%, and the Huaan Germany 30 (DAX) ETF rose 1.13% [16] - Non - currency ETF Performance: Among non - currency ETFs, the Huaxia Growth Enterprise Market Artificial Intelligence ETF led the gains with a return of 7.40% in the past week, while the Huifutong Nasdaq 100ETF was relatively lagging with a return of - 4.67% [19] 3.3 ETF Fund Flow - Overall ETF Scale: As of December 12, 2025, there were 1,304 ETFs in the entire market, with a total scale of 5,662.825 billion yuan, an increase of 16.933 billion yuan from the previous week. The A - share and cross - border ETFs ranked top two in terms of scale, with values of 3,642.161 billion yuan and 935.749 billion yuan respectively. The scale of A - share ETFs increased by 100.95 billion yuan in the past week [21] - Net Inflow and Outflow of Non - currency ETF Funds: Among non - currency ETFs, the ETFs with the CSI A500 as the underlying had the largest net inflow of funds, with an inflow of 9.694 billion yuan. The ETFs tracking the Growth Enterprise Market Index had the largest net outflow, with a total outflow of 3.148 billion yuan [24] - High - inflow and High - liquidity ETFs: In the past week, the Southern CSI A500ETF and the Harvest CSI AAA Science and Technology Innovation Corporate Bond ETF had relatively high fund inflows of 3.771 billion yuan and 2.648 billion yuan respectively. The Haifutong CSI Short - term Financing ETF led in liquidity, with an average daily trading volume of 317.89 billion yuan in the past week, and the Huaxia Shanghai Stock Exchange Benchmark Market - making Treasury Bond ETF also had relatively high liquidity, with an average daily trading volume of 103.05 billion yuan [28]