ETF及指数产品网格策略周报（2025/12/9）

Core Viewpoint - The article discusses various ETF grid strategies focusing on sectors such as military, gaming, software, and internet, highlighting their growth potential driven by government policies and market trends. Group 1: Military Sector ETF (512710.SH) - The military sector ETF is positioned to benefit from China's defense budget, which is projected to reach 1.81 trillion yuan in 2025, a 7.2% increase year-on-year, marking a historical high. However, this budget still represents less than 1.3% of China's GDP, significantly lower than the U.S. and Russia [3][4]. - The ETF tracks the China Securities Military Leading Index, investing in key military sectors such as aviation equipment, military electronics, missiles, and drones, which are expected to improve due to a new procurement cycle [4][5]. Group 2: Gaming Sector ETF (159869.SZ) - In 2025, a record number of 178 domestic games and 6 imported games were approved, with a total of 1,624 game licenses issued from January to November, surpassing the previous year's total. This normalization of license issuance provides a stable foundation for the gaming industry [6][7]. - Chinese self-developed games generated $9.501 billion in overseas sales in the first half of 2025, reflecting an 11.07% year-on-year growth, indicating strong international market performance [6][7]. Group 3: Software Sector ETF (159852.SZ) - The "14th Five-Year Plan" emphasizes accelerating technological self-reliance and innovation, particularly in software, which is experiencing rapid growth due to government support and the integration of AI technologies [9][10]. - The ETF tracks the China Securities Software Service Index, covering 30 leading companies in the software sector, providing an investment tool to capitalize on long-term growth in software and AI integration [9][10]. Group 4: Internet Sector ETF (513330.SH) - Recent developments in AI products from major internet companies, such as Alibaba and ByteDance, indicate a shift towards more advanced AI applications that enhance user interaction and service capabilities, thereby strengthening their market positions [12][13]. - The ETF is expected to benefit from the increasing integration of AI in core products, which can create new revenue streams and improve monetization capabilities for internet firms [12][13].