20260323-20260327：ETF 周报-20260330

Report Industry Investment Rating - Not provided in the content Core Viewpoints - The report analyzes the secondary market situation, ETF product profiles (including market performance, fund inflows and outflows, trading volume, margin trading, and new issuance and listing) of ETF funds from February 23 - February 27, 2026, and presents data on various indexes and ETFs [1][10][19] Summary by Directory 1 Secondary Market Overview - Index Returns: Among A - shares, overseas major broad - based indexes, gold index, and Nanhua Commodity Index, CSI 2000, Nikkei 225, and Nanhua Commodity Index had the highest weekly returns, which were 0.35%, 0.00%, and - 0.25% respectively. The highest - return industries among Shenwan primary industries were non - ferrous metals (2.78%), public utilities (2.50%), and basic chemicals (2.31%), while the lowest - return industries were non - bank finance (-3.98%), computer (-3.44%), and agriculture, forestry, animal husbandry and fishery (-2.94%) [1][10][15] - Index Valuations: The PE valuation quantile of the Hang Seng Index was the highest at 90.24%, and that of the S&P 500 was the lowest at 15.14%. Among industries, the highest - valuation quantile industries were public utilities (98.76%), coal (98.35%), and communication (97.11%), while the lowest - valuation quantile industries were non - bank finance (1.24%), food and beverage (2.07%), and beauty care (5.79%) [10][14][15] 2 ETF Product Profile 2.1 ETF Market Performance - By ETF Type: Bond ETFs had the best average performance with a weighted average return of 0.22%, while commodity ETFs had the worst performance with a weighted average return of - 3.81% [19] - By Index and Listing Board: ETFs corresponding to CSI 2000 and CSI 500 had better market performance with weighted average returns of 0.31% and - 0.14% respectively, while those related to ChiNext Innovation 50 and ChiNext had worse performance with weighted average returns of - 1.78% and - 1.65% respectively [19] - By Industry Sector: Biopharmaceutical sector ETFs had the best average performance with a weighted average return of 2.41%, while financial real - estate sector ETFs had the worst performance with a weighted average return of - 3.33% [22] - By Theme: Innovative drug and new - energy ETFs had better performance with weighted average returns of 4.40% and 0.70% respectively, while non - bank and consumer electronics ETFs had relatively poor performance with weighted average returns of - 3.70% and - 3.04% respectively [22] 2.2 ETF Fund Inflows and Outflows - By ETF Type: Bond ETFs had the largest net fund inflow of 211.55 billion yuan, while industry - themed ETFs had the smallest net fund inflow of - 197.31 billion yuan [2][24] - By Index and Listing Board: CSI 300 ETFs had the largest net fund inflow of 45.56 billion yuan, while Hong Kong stock ETFs had the smallest net fund inflow of - 49.87 billion yuan [2][24] - By Industry Sector: Traditional manufacturing sector ETFs had the largest net fund inflow of 32.95 billion yuan, while cyclical sector ETFs had the smallest net fund inflow of - 121.65 billion yuan [2][28] - By Theme: New - energy and dividend ETFs had the largest net fund inflows of 34.78 billion yuan and 20.57 billion yuan respectively, while chip semiconductor and non - bank ETFs had the smallest net fund inflows of - 28.10 billion yuan and - 12.79 billion yuan respectively [2][28] 2.3 ETF Trading Volume - By ETF Type: Commodity ETFs had the largest increase in the average daily trading volume change rate of 47.73%, while bond ETFs had the largest decrease of - 10.53% [34] - By Index and Listing Board: US stock ETFs had the largest increase in the average daily trading volume change rate of 52.99%, while ChiNext Innovation 50 had the largest decrease of - 12.87% [36] - By Industry Sector: Biopharmaceutical sector had the largest increase in the average daily trading volume change rate of 18.48%, while the cyclical sector had the largest decrease of - 34.76% [39] - By Theme: Non - bank and innovative drug ETFs had the largest average daily trading volumes in the past 5 days, which were 127.49 billion yuan and 91.83 billion yuan respectively. Low - carbon environmental protection and new - energy ETFs had the largest increase or the smallest decrease in the average daily trading volume change rate, which were 40.73% and 19.86% respectively. Military and central and state - owned enterprise ETFs had the largest decrease or the smallest increase in the average daily trading volume change rate, which were - 28.80% and - 21.80% respectively [43] 2.4 ETF Margin Trading - The net margin purchase of all stock - type ETFs was - 4.54 billion yuan, and the net margin short - sale was 4.17 billion yuan. During the sample period, Cathay CSI All - Index Securities Company ETF had the largest net margin purchase, and Southern CSI 1000 ETF had the largest net margin short - sale [2][49] 2.5 ETF New Issuance and Listing - During the sample period, 9 funds were established and 4 funds were listed [3][51]