落袋为安！76亿“跑了”

Core Viewpoint - The A-share market experienced a slight decline on June 26, with a net outflow of over 76 billion yuan from stock ETFs, indicating a significant divergence in fund flows among different indices [2][4]. Fund Flow Analysis - The total scale of all stock ETFs in the market reached 3.59 trillion yuan, with a reduction of 35.86 million shares and a net outflow of 76.04 billion yuan on June 26 [4]. - In contrast, bond ETFs and Hong Kong market ETFs saw net inflows of 59.26 billion yuan and 4.5 billion yuan, respectively [5]. - Over the past five trading days, the CSI A500 index attracted over 61 billion yuan, while the CSI Bank index saw inflows exceeding 19 billion yuan [7]. Specific ETF Performance - The top-performing ETFs in terms of net inflow on June 26 included: - CSI A500 ETF Fund: 20.55 billion yuan [8] - Bank ETF: 4.93 billion yuan [8] - A500 ETF by Harvest: 4.54 billion yuan [8] - ChiNext ETF: 4.13 billion yuan [8] - Conversely, the broad-based ETFs experienced significant outflows, with the CSI 300 index seeing a net outflow of 32.3 billion yuan [13]. Market Sentiment and Outlook - Major fund companies suggest that despite short-term outflows, there are still investment opportunities in certain sectors, particularly in the brokerage sector, which is expected to benefit from public fund allocation and high growth [15]. - The market sentiment remains cautious, with expectations of maintaining a high-level oscillation in the Shanghai Composite Index due to the underlying economic fundamentals [9][10].