近26亿，跑了！

Core Viewpoint - The A-share market experienced a significant rise, with the Shanghai Composite Index approaching the 4000-point mark, while stock ETFs saw a net outflow of nearly 2.6 billion yuan despite the overall market uptrend [2][5][18]. Fund Flow Summary - On October 27, the stock ETF market saw a total net outflow of approximately 2.6 billion yuan, with a reduction of 11.79 million shares [5][12]. - In contrast, bond ETFs and Hong Kong market ETFs recorded net inflows of 2.45 billion yuan and 460 million yuan, respectively [5][12]. - The AAA Sci-Tech Bond Index led the inflows among indices, attracting 1.865 billion yuan [6]. ETF Performance - The top-performing ETFs in terms of net inflow included: - Sci-Tech 50 ETF with a net inflow of 984 million yuan [9]. - Semiconductor ETF with a net inflow of 618 million yuan [9]. - A500 ETF with a net inflow of 551 million yuan [9]. - Conversely, the banking ETF experienced the largest net outflow, exceeding 800 million yuan [14][16]. Market Sentiment and Outlook - Despite the outflows from certain industry-themed and broad-based ETFs, institutions remain optimistic about the future of the A-share market [18]. - Factors contributing to this optimism include the easing of Sino-U.S. trade tensions and the successful conclusion of the 20th National Congress of the Communist Party, which are expected to enhance market risk appetite [18]. - The focus for future investments is anticipated to be on emerging technologies and high-end manufacturing, supported by cyclical finance [18].