ETF及指数产品网格策略周报（2025/11/18）

Core Viewpoint - The article emphasizes the growth potential of various ETFs in response to government policies and market trends, particularly in the financial technology, military, and robotics sectors, highlighting the expected improvements in their fundamentals and investment opportunities [3][5][8]. Financial Technology ETF (159851.SZ) - The "14th Five-Year Plan" stresses the importance of building a strong financial nation and advancing technology in finance, leading to a clear demand for digital transformation in financial institutions [3]. - In the first three quarters of 2025, 42 listed securities firms achieved a total revenue of 419.56 billion yuan and a net profit of 169.05 billion yuan, with a net profit growth exceeding 60% [3]. Military Industry ETF (512710.SH) - The "14th Five-Year Plan" aims for high-quality advancement in national defense and military modernization, with a defense budget of 1.81 trillion yuan for 2025, marking a 7.2% increase and a historical high [5]. - The defense budget as a percentage of GDP remains below 1.3%, significantly lower than the U.S. and Russia, indicating potential for future increases in military spending [5]. - This ETF tracks the China Securities Military Industry Leaders Index, focusing on leading companies in aerospace, missiles, and drones, which are expected to benefit from a new round of military procurement cycles [6]. Robotics ETF (159530.SZ) - The 2025 government work report emphasizes the development of intelligent robots and new-generation smart manufacturing equipment, supported by policies promoting the artificial intelligence industry [8]. - As of July 2025, investment events in the field of embodied intelligence and robotics exceeded 200, with total financing surpassing 24 billion yuan, indicating a significant increase compared to the previous year [8].