【金工】周期主题基金业绩领先，港股ETF资金流入规模扩大——基金市场与ESG产品周报20260302（祁嫣然/马元心）

Market Performance Overview - The domestic equity market indices generally rose during the week from February 24 to February 27, 2025, with the CSI 500 increasing by 4.32% [4] - The steel, non-ferrous metals, and basic chemicals sectors had the highest gains, while media, retail, and food and beverage sectors experienced the largest declines [4] Fund Product Issuance - The domestic new fund market was sluggish, with only 5 new funds established, totaling 1.451 billion units issued. This included 2 equity funds and 3 mixed funds [5] - A total of 36 new funds were issued across the market, categorized as 13 mixed funds, 12 equity funds, 6 bond funds, and 5 FOF funds [5] Fund Product Performance Tracking - Long-term thematic fund indices showed significant net value increases for cyclical theme funds, while pharmaceutical theme funds performed poorly. As of February 27, 2026, the net value changes for various thematic funds were as follows: cyclical (6.93%), defense and military (4.30%), new energy (2.64%), industry rotation (2.43%), balanced industry (2.25%), TMT (1.93%), consumption (-0.78%), financial real estate (-0.84%), and pharmaceutical (-1.76%) [6] ETF Market Tracking - The stock ETF market continued to see net outflows, with significant reductions in both small-cap and large-cap broad-based ETFs. Conversely, there was an increase in inflows for Hong Kong stock ETFs [7] - The median return for stock ETFs was 1.52%, with a net outflow of 35.442 billion yuan. Hong Kong stock ETFs had a median return of -2.47% and a net inflow of 14.226 billion yuan [7] - Cross-border ETFs had a median return of 0.95% with a net inflow of 2.906 billion yuan, while commodity ETFs had a median return of 3.06% and a net inflow of 3.713 billion yuan [7] - All categories of broad-based ETFs experienced net outflows, with small-cap thematic ETFs seeing a notable outflow of 13.217 billion yuan. Financial real estate thematic ETFs had a significant net inflow of 2.053 billion yuan [7] ESG Financial Product Tracking - Two new green bonds were issued this week, with a total issuance scale of 750 million yuan. The domestic green bond market has steadily developed, with a cumulative issuance scale of 5.27 trillion yuan and a total of 4,556 bonds issued as of February 27, 2026 [8] - There are currently 211 ESG funds in the domestic market, with a total scale of 157.639 billion yuan. The median net value changes for various ESG fund types this week were 2.27% for active equity, 2.87% for passive equity index, and 0.02% for bond ESG funds [8]