市场下跌不要慌！本周资金抄底ETF的方向呈现出这个显著特征！丨ETF风云周评（八十八）

Core Viewpoint - The article highlights that bond ETFs have become a safe haven for funds amid a declining equity market, with significant interest in various bond-related ETFs due to poor performance in the equity sector [1][12]. Index Valuation Ladder - The article presents a significant drop in major indices, with the ChiNext Index falling over 6%, leading the decline among broad-based indices. The CSI 500, CSI 1000, and STAR 50 also saw declines exceeding 5% [7]. - The photovoltaic industry experienced a notable decline of 11.3%, while the new energy vehicle sector fell by 8.3%. Other sectors such as internet stocks, semiconductor, steel, and non-ferrous metals also faced declines of over 6% [7]. - Conversely, sectors like banking, consumer goods, military industry, media, and home appliances showed relative resilience against the market downturn [8]. - The article suggests that the current drop in valuations across major indices may present a buying opportunity if the market continues to decline [8]. ETF Performance Rankings - The article lists the top-performing ETFs for the week, dominated by bond ETFs due to the poor performance of equity markets. The top bond ETF, the 10-Year Local Government Bond ETF, saw a slight increase of 0.2% [10][12]. - The only equity ETF to make the performance list was the S&P Biotechnology ETF, which increased by 1.3% and has a scale of approximately 20 billion [13]. ETF Share Increase Rankings - The article details the top ETFs by share increase, with the National Debt Policy Bond ETF leading with a significant increase of 324% in shares, despite a stable price [16]. - Other notable increases include the Hang Seng Technology ETF and the High-End Equipment ETF, which saw share increases of 60.7% and 59.7%, respectively [16]. Market Trends - The article notes that funds are increasingly targeting sectors that have previously experienced significant declines, particularly in the STAR 50 and Hong Kong technology sectors, indicating a trend of bottom-fishing [17]. - The Shanghai Composite Index remains a key market sentiment indicator, with all related ETFs experiencing accelerated fund inflows, suggesting a strategic bet on potential market recovery [17].