加仓！持续加仓

Core Viewpoint - The stock ETF market has shown resilience by attracting over 10 billion yuan in net inflows for two consecutive trading days, despite the overall market decline below 4000 points [2][4]. Group 1: Market Performance - As of November 17, the Shanghai Composite Index closed at 3972.03 points, down 0.46%, with total trading volume shrinking to 1.93 trillion yuan [4]. - The total scale of all stock ETFs (including cross-border ETFs) reached 4.39 trillion yuan, with a net inflow of 109.80 billion yuan on the same day [4][6]. Group 2: ETF Inflows - The leading categories for net inflows were industry themes and Hong Kong stock ETFs, with inflows of 38.7 billion yuan and 32.88 billion yuan, respectively [6]. - Major fund companies like E Fund and Huaxia Fund reported significant inflows, with E Fund's ETFs reaching a scale of 8160.6 billion yuan and a net inflow of 17.7 billion yuan [6][7]. Group 3: Specific ETF Performance - The top-performing ETFs on November 17 included the CSI 300 ETF with a net inflow of 16.58 billion yuan and the SSE 50 ETF with 11.6 billion yuan [10]. - The Southern Innovation ETF saw a net inflow of 9 billion yuan, driven by interest in AI-related sectors [11]. Group 4: Gold ETFs - Gold ETFs also attracted significant investment, with the Huaan Gold ETF receiving 7.6 billion yuan in net inflows, reflecting a trend towards safe-haven assets [11]. - The Guangfa Shanghai Gold ETF has shown a year-to-date increase of 49.71%, indicating strong demand for gold as a hedge against economic uncertainty [11][12]. Group 5: Outflows from Certain ETFs - Recent profit-taking has led to net outflows from cyclical ETFs such as chemical, coal, and non-ferrous metal ETFs, indicating a shift in investor sentiment [14].