【金工】TMT主题产品净值表现占优，被动资金减仓科技板块ETF——基金市场与ESG产品周报20250915（祁嫣然/马元心）

Market Performance Overview - The domestic equity market indices generally rose during the week of September 8 to September 12, 2025, with the CSI 500 increasing by 3.38%, while the bond market experienced a pullback [4] - The electronic, real estate, and agriculture sectors saw the highest gains, whereas the comprehensive, banking, and oil & petrochemical sectors faced the largest declines [4] Fund Product Issuance - A total of 40 new funds were established this week, with a combined issuance of 21.794 billion units. This included 18 equity funds, 13 mixed funds, 6 bond funds, and 3 FOF funds [5] - Overall, 55 new funds were issued across the market, categorized as 21 bond funds, 16 equity funds, 13 mixed funds, 3 FOF funds, 1 REIT, and 1 international (QDII) fund [5] Fund Performance Tracking - Most industry-themed funds, except for the pharmaceutical sector, saw net asset value increases, with TMT-themed funds showing significant gains of 4.63% [6] - The median net asset value change for passive index funds was 1.91%, with chip, information technology, and electronic ETFs performing particularly well [6] ETF Market Tracking - Domestic stock ETFs experienced continued net outflows, particularly in broad-based themes like the STAR Market, while financial real estate and new energy sector ETFs saw significant net inflows [7] - The median return for stock ETFs was 1.93%, with a net outflow of 4.352 billion yuan, while Hong Kong stock ETFs had a median return of 3.09% and a net inflow of 21.168 billion yuan [7] Fund Positioning Monitoring - The estimated positioning of actively managed equity funds increased by 0.3 percentage points compared to the previous week, with increased allocations to non-ferrous metals, basic chemicals, and telecommunications [9] - Conversely, sectors such as pharmaceuticals, national defense, and electronics saw reductions in funding [9] ESG Financial Products Tracking - This week, 23 new green bonds were issued, totaling 17.202 billion yuan, contributing to a cumulative issuance of 4.78 trillion yuan across 4,119 green bonds [10] - The median net asset value changes for ESG funds were 2.10% for actively managed equity funds, 0.94% for passive index funds, and -0.08% for bond funds, with green and low-carbon economy funds performing notably well [10]