ETF周度配置指南2026.01.30（总04期）

Core Viewpoint - The market is currently experiencing a "slow bull" characteristic with rapid thematic rotation, and there are potential investment opportunities in resource competition and domestic technology self-reliance strategies [2][19]. Market Performance - The A-share market showed volatility with the Shanghai Composite Index having the highest weekly gain of 1.13%, while the National 2000 Index experienced the largest decline of 2.76% [9][10]. - The performance of major indices includes: - Shanghai Composite Index: 3066.50, +1.13% weekly, +18.69% yearly [10] - CSI 300: 4706.34, +0.08% weekly, +23.30% yearly [10] - ChiNext Index: 3346.36, -0.09% weekly, +62.14% yearly [10]. Industry Performance - The oil and petrochemical, communication, and coal industries performed notably well with weekly gains of +7.96%, +5.83%, and +3.68% respectively [12][19]. - The non-ferrous metals sector saw significant adjustments due to decreased expectations of Federal Reserve interest rate cuts and short-term technical corrections, but the core drivers remain intact [2][19]. Investment Strategy - The company recommends focusing on long-term trend advantages and avoiding short-term speculation, with an emphasis on sectors benefiting from resource competition and technological self-reliance [2][19]. - Key areas for long-term investment include: 1. Resource competition driven by U.S. policies leading to increased self-sufficiency in defense, resources, finance, and supply chains, with commodity prices in an upward cycle [2][19]. 2. The acceleration of domestic technology self-reliance strategies due to intensified global tech competition, presenting opportunities for A-share technology growth sectors [2][19].