ETF市场跟踪与配置周报-20260111

Market Overview - In the week from January 5 to January 9, 2026, 30 out of 31 industries in the Shenwan first-level industry index rose, with the comprehensive sector leading at a 14.55% increase, followed by defense and military at 13.63% and media at 13.10%. The only sector that declined was banking, which fell by 1.90% [10][11] - The Shanghai Composite Index closed at 4120.43, up 3.82%, while the Shenzhen Component Index rose 4.40% to 14120.15. The average daily trading volume in the Shanghai and Shenzhen markets was 28259.76 billion, totaling 14.13 trillion for the week [10][11] ETF Market Performance - A total of 10 new stock ETFs were listed during the week, including two AI ETFs focused on innovation and entrepreneurship, with a total issuance scale of 4.83 billion [19][21] - The median weekly return for stock ETFs was 4.30%, with the satellite ETF from E Fund showing the highest increase at 22.46%. Conversely, the banking ETF experienced the largest decline at 2.00% [22][23] - The median weekly return for bond ETFs was -0.03%, with convertible bond ETFs performing the best, rising by 4.47% [25][26] - The median return for cross-border ETFs was 2.34%, with the Sino-Korean semiconductor ETF leading at a 15.52% increase [27][28] ETF Strategy Tracking - The PB-ROE framework identified communication, agriculture, forestry, animal husbandry, and transportation as key sectors for the week, with a cumulative strategy return of 1.31%, underperforming the CSI 300 index by 1.47% [6][32] - Since the beginning of 2023, the strategy has achieved a cumulative return of 27.12%, outperforming the CSI 300 index by 4.20% [34] Investment Recommendations - The report recommends focusing on the communication, agriculture, forestry, and transportation sectors for the upcoming week, along with ETFs corresponding to these industries. Additionally, it suggests monitoring wine ETFs, ChiNext 50 ETFs, medical ETFs, chip ETFs, and robot ETFs based on ETF subscription sentiment indicators [7][39]