超120亿，跑了！

Core Viewpoint - On October 21, the stock ETF market experienced a net outflow of over 12 billion yuan, despite a cumulative inflow of over 75 billion yuan in October, indicating a mixed sentiment among investors [2][3][10]. Fund Flow Analysis - The stock ETF market saw a net outflow of over 12 billion yuan on Tuesday, October 21, while the A-share market indices collectively rose [3][6]. - In October, stock ETFs have attracted a total of over 75 billion yuan, with major inflows into thematic ETFs such as Hang Seng Technology, banking, securities, and rare earths [3][10]. - The commodity gold ETFs have gained significant attention, with a net inflow of nearly 23 billion yuan over the last five trading days, and over 6 billion yuan on October 21 alone [3][6]. Top Performing ETFs - The top three ETFs by net inflow on October 21 were: 1. Guotai Coal ETF: 533 million yuan 2. E Fund Sci-Tech 50 ETF: 502 million yuan 3. Huaxia A500 ETF: 374 million yuan [6][8]. - The top 20 ETFs by net inflow included three related to the CSI A500 index and four related to Hong Kong stocks, covering sectors like innovative drugs, technology, dividends, and the internet [7]. Notable Outflows - On the outflow side, 52 ETFs experienced net outflows exceeding 1 billion yuan, with notable losses in the ChiNext, Sci-Tech 50, and CSI 300 ETFs [10]. - The top outflowing ETFs included: 1. ChiNext ETF: -1.218 billion yuan 2. Sci-Tech 50 ETF: -810 million yuan 3. CSI 300 ETF: -757 million yuan [12]. Market Sentiment and Outlook - According to E Fund's fund manager, the domestic macro environment remains stable, and investor risk appetite is improving, leading to increased trading activity in the A-share market [10]. - Guotai Fund suggests that the A-share market is in a "slow bull" trend, with potential in sectors like new energy and technology growth [11].