1. Report Industry Investment Rating No relevant content provided 2. Core Views of the Report - Last week, 30 new ETF products were issued in the US, with an increase in the number of issuances and a relatively large number of leveraged inverse products [6]. - Stock ETF inflows remained above $10 billion last week, while cryptocurrency ETFs had a slight outflow. Gold, Bitcoin ETFs, and long - term bond ETFs all had outflows [3][8]. - In the past three months, US raw material - related ETFs have performed well, but there is significant differentiation among sub - industries. Gold and silver mining ETFs have been outstanding, with some products rising more than 70% this year, while building materials - related products have performed weakly [3][14]. - In June 2025, the total amount of non - money mutual funds in the US was $22.69 trillion, an increase of $0.78 trillion from May. From August 6th to 13th, domestic stock funds in the US had a net outflow of about $15.4 billion, and the inflow of bond products continued to narrow to around $1 billion [3][16]. 3. Summary by Directory 3.1 US ETF Innovation Products: Intensive Issuance of Leveraged Inverse Products - Defiance, Tradr, and Leverage Shares issued 9 single - stock leveraged inverse ETFs last week. Defiance's Leveraged Long + Income series offers 150 - 200% leveraged returns on stocks and thickens returns through option strategies [6]. - Northern Trust issued 11 products last week, covering 3 series, including two ladder - strategy series investing in municipal bonds and inflation - protected bonds, and another series mainly investing in short - term, medium - term, and comprehensive tax - exempt municipal bonds [7]. - JPMorgan issued a stock income product last week, which will flexibly use coupons, option premiums, etc. to thicken returns. Amplify's Covered Call product issued last week is linked to ProShares' silver mining ETF and thickens returns by selling monthly call options [7]. - Tidal issued 2 active ETFs last week, managed by SMART. They adopt trend and growth strategies respectively. The manager first selects 800 - 850 stocks based on market value and liquidity, then further screens them according to momentum and growth indicators, and finally actively selects 25 - 30 stocks expected to outperform the S&P 500 [1][7]. - Janus Henderson issued a global AI product last week, actively selecting stocks related to or benefiting from the AI industry. VanEck issued two industry products, targeting technology and consumer discretionary companies [7]. 3.2 US ETF Dynamics 3.2.1 US ETF Funds: Stable Inflows into Stock ETFs - Stock ETF inflows remained above $10 billion last week, while cryptocurrency ETFs had a slight outflow. Vanguard's S&P 500 ETF had the largest inflow, the Russell 2000 ETF had an obvious return flow, and DSPY also entered the top ten in terms of inflows. ARKK started to have outflows again, and gold, Bitcoin ETFs, and long - term bond ETFs all had outflows [3][8]. - ARKK has been experiencing continuous outflows since August 14th, and SPY has had relatively large outflows in the past two weeks [13]. 3.2.2 US ETF Performance: Gold and Silver Mining Outperforms Other Material Products - In the past three months, US raw material - related ETFs have performed well, but there is significant differentiation among sub - industries. Gold and silver mining ETFs have been outstanding, with some products rising more than 70% this year, while building materials - related products have performed weakly [14]. 3.3 Recent Capital Flows of US Ordinary Public Mutual Funds - In June 2025, the total amount of non - money mutual funds in the US was $22.69 trillion, an increase of $0.78 trillion from May. The S&P 500 rose 6.15% in June, and the scale of domestic stock products increased by 4.26%, slightly lower than the stock increase [16]. - From August 6th to 13th, domestic stock funds in the US had a net outflow of about $15.4 billion, basically the same as the previous week, and the inflow of bond products continued to narrow to around $1 billion [3][16].

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - Last week, 30 new products were issued in the US, with an increasing number of leveraged inverse products [1][7]. - Stock ETF inflows in the US remained stable last week, with digital currency ETFs experiencing a slight outflow [2][10]. - In the past three months, US raw material - related ETFs have performed well, but there is significant differentiation among sub - industries, with gold and silver mining ETFs outperforming others [2][16]. - In June 2025, the total amount of non - money public funds in the US increased by $0.78 trillion compared to May. From August 6th to August 13th, US domestic stock funds had an outflow of about $15.4 billion, and the inflow of bond products continued to narrow to around $1 billion [2][18]. 3. Summary According to the Catalog 3.1 US ETF Innovation Products: Intensive Issuance of Leveraged Inverse Products - Last week, 30 new products were issued in the US, with a large number of leveraged inverse products. Defiance, Tradr, and Leverage Shares issued 9 single - stock leveraged inverse ETFs. Defiance's Leveraged Long + Income series offers 150 - 200% leveraged returns on stocks and thickens returns through option strategies [7]. - Northern Trust issued 11 products in three series, including two ladder - strategy series investing in municipal bonds and inflation - protected bonds, and another series mainly investing in short - term, medium - term, and comprehensive tax - exempt municipal bonds [9]. - JPMorgan issued a stock income product, Amplify issued a Covered Call product, Tidal issued 2 active ETFs, Janus Henderson issued a global AI product, and VanEck issued two industry products [9]. 3.2 US ETF Dynamics 3.2.1 US ETF Funds: Stable Inflows into Stock ETFs - Last week, stock ETF inflows in the US remained above $10 billion, while digital currency ETFs had a slight outflow. Vanguard's S&P 500 ETF had the largest inflow, and the Russell 2000 ETF also had an obvious inflow. ARKK had an outflow again, and gold, Bitcoin, and long - term bond ETFs all had outflows [2][10]. - The report lists the top ten ETFs in terms of inflow and outflow from August 15th to August 21st, and the daily fund flows of major US ETFs in the past two weeks. ARKK has been experiencing outflows since August 14th, and SPY has had a large outflow in the past two weeks [12][13][15]. 3.2.2 US ETF Performance: Gold and Silver Mining Outperforms Other Material Products - In the past three months, US raw material - related ETFs have performed well, but there is significant differentiation among sub - industries. Gold and silver mining ETFs have performed outstandingly, with some products having a year - to - date increase of over 70%, while building and building material - related products have performed weakly [2][16]. - The report lists the scale, year - to - date return, and other information of several large - scale US material products [17]. 3.3 Recent Capital Flows of US Ordinary Public Funds - In June 2025, the total amount of non - money public funds in the US was $22.69 trillion, an increase of $0.78 trillion compared to May. The S&P 500 rose 6.15% in June, and the scale of US domestic stock products increased by 4.26%, slightly lower than the stock increase [2][18]. - From August 6th to August 13th, US domestic stock funds had an outflow of about $15.4 billion, which was basically the same as the previous week, and the inflow of bond products continued to narrow to around $1 billion [18].

Core Viewpoint - The article discusses the recent developments in the U.S. ETF market, highlighting the launch of innovative leveraged products and the flow of funds into various ETFs, particularly in the digital currency sector. Group 1: New ETF Products - A total of 13 new ETFs were launched in the U.S. last week, with a notable number of leveraged inverse products [1] - Leverage Shares introduced a new series of "accelerated" products that provide 2x returns on stock increases and 1x on decreases, with a monthly cap on returns, linked to companies like Tesla, Nvidia, MicroStrategy, Coinbase, and Palantir [2] - ProShares launched a 2x leveraged product linked to the top 30 stocks in the Nasdaq 100 index [2] - Harbor and Invesco collaborated to issue a stock enhancement product that combines 75% passive index investment with 75% trend-following futures strategies [2] Group 2: ETF Fund Flows - The inflow of funds into digital currency ETFs has increased significantly, with the Nasdaq 100 ETF seeing the highest inflow of $50.89 billion [3][5] - The top inflows included the iShares Ethereum Trust ETF with $23.17 billion and ARK Innovation ETF with $12.66 billion, while several leveraged ETFs experienced outflows [6] - Over the past two weeks, the overall fund flow in major U.S. ETFs showed a net inflow of $189.35 billion, despite some fluctuations in individual products [7] Group 3: ETF Performance - The ARK Innovation ETF (ARKK) outperformed other technology ETFs with a year-to-date return of over 35%, while the VanEck Semiconductor ETF gained over 20% [8] - The overall technology sector has shown a growth of more than 10% this year, with various ETFs reflecting this trend [8][9]

1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core Viewpoints of the Report - Last week, 13 new products were issued in the US, with more leveraged and inverse products. Leverage Shares issued a new series of "Accelerated" products, offering 2x the monthly upside return of stocks but only 1x the downside, with a monthly return cap. The first - batch products are linked to Tesla, Nvidia, MicroStrategy, CoinBase, and Palantir [2][10] - Digital currency ETFs had significant inflows last week. Stock and bond ETFs remained above $10 billion, and the inflow of digital currency ETFs increased again. The Nasdaq 100 ETF had the largest inflow, and BlackRock's Ethereum and Bitcoin ETFs were among the top ten in terms of inflow. Many leveraged ETFs had outflows, and several technology products had significant outflows [4][12] - ARKK outperformed other technology ETFs. Although the US stock style fluctuated at the beginning of this year, the technology sector has been performing well, with an overall increase of over 10%. The VanEck Semiconductor ETF has risen by over 20%, but the 3x semiconductor leveraged product has performed significantly weaker due to volatility losses at the beginning of the year. ARKK has risen by over 35%, leading other technology products [4][15] - In June 2025, the total amount of non - money mutual funds in the US was $22.69 trillion, up $0.78 trillion from May 2025. The S&P 500 rose 6.15% in June, and the scale of US domestic equity products increased by 4.26%, slightly lower than the stock increase. From July 30 to August 6, US domestic equity funds had a net outflow of about $16.7 billion, basically the same as the previous week, and the inflow of bond products slightly narrowed [4][19] 3. Summary by Relevant Catalog 3.1 US ETF Innovation Products: Leverage Shares Issues "Accelerated" Products - Last week, 13 new ETFs were issued in the US, with more leveraged and inverse products. Leverage Shares issued a new series of "Accelerated" products, offering 2x the monthly upside return of stocks but only 1x the downside, with a monthly return cap. The first - batch products are linked to Tesla, Nvidia, MicroStrategy, CoinBase, and Palantir. Other issuers also had various new product launches, including single - stock leveraged ETFs, 2x leveraged products, and stock enhancement products [2][9][10] 3.2 US ETF Dynamics 3.2.1 US ETF Funds: Digital Currency ETFs Have More Inflows - Last week, stock and bond ETFs remained above $10 billion, and the inflow of digital currency ETFs increased again. The Nasdaq 100 ETF had the largest inflow, and BlackRock's Ethereum and Bitcoin ETFs were among the top ten in terms of inflow. ARKK also had an inflow of over $1 billion. Many leveraged ETFs had outflows, and several technology products had significant outflows [4][12] 3.2.2 US ETF Performance: ARKK Outperforms Other Technology ETFs - Although the US stock style fluctuated at the beginning of this year, the technology sector has been performing well, with an overall increase of over 10%. The VanEck Semiconductor ETF has risen by over 20%, but the 3x semiconductor leveraged product has performed significantly weaker due to volatility losses at the beginning of the year. ARKK has risen by over 35%, leading other technology products [4][15] 3.3 Recent US Ordinary Mutual Fund Fund Flows - In June 2025, the total amount of non - money mutual funds in the US was $22.69 trillion, up $0.78 trillion from May 2025. The S&P 500 rose 6.15% in June, and the scale of US domestic equity products increased by 4.26%, slightly lower than the stock increase. From July 30 to August 6, US domestic equity funds had a net outflow of about $16.7 billion, basically the same as the previous week, and the inflow of bond products slightly narrowed [4][19]

Core Viewpoint - Leverage Shares by Themes has launched a new single stock leveraged ETF targeting 200% daily exposure to UnitedHealth Group (UNH), aimed at providing investors with tools to capitalize on market movements in the healthcare sector [1][2][3]. Company Overview - UnitedHealth Group (UNH) is a leader in healthcare and insurance innovation, playing a crucial role in the U.S. economy through managed healthcare and data-driven health services [3]. - The new ETF, UNHG Leverage Shares 2X Long UNH Daily ETF, is part of a broader strategy to offer targeted tools for investors to express market views, particularly in the healthcare sector [2][3]. Product Details - The ETF is designed to provide 200% exposure to the daily performance of UNH, allowing both sophisticated traders and retail investors to engage with market movements efficiently [1][2]. - The management fee for this ETF is set at 0.75%, which is competitive within the single stock leveraged ETF market [1][8]. Market Position - With the launch of this ETF, the total count of Leveraged Single Stock ETFs at Leverage Shares by Themes has increased to 19, indicating a growing product lineup aimed at various sectors [4][5].

Core Insights - Leverage Shares by Themes has launched the Leverage Shares 2X Long AAL Daily ETF (ticker: AALG), which is designed to provide 200% exposure to the daily performance of American Airlines (AAL) [1][2][3] - This ETF is the first of its kind in the U.S. market, allowing investors to amplify their exposure to a leading airline company with a low management fee of 0.75% [1][2][8] - The launch increases the total number of Leveraged Single Stock ETFs offered by Leverage Shares by Themes to 18, expanding their product lineup in the leveraged investment space [4] Company Overview - American Airlines (AAL) is recognized as a significant player in global aviation, operating one of the largest fleets and networks, which connects people and economies [3] - The new ETF aims to capitalize on long-term trends in travel demand and the evolution of commercial air transportation, positioning itself at the forefront of the transportation and aerospace industry [3] Product Details - The AALG ETF is tailored for both sophisticated traders and retail investors, providing an efficient tool for those looking to engage with the airline sector [2][3] - The product is part of a broader strategy by Leverage Shares to differentiate its offerings within the leveraged single stock marketplace [2]

Core Insights - Leverage Shares by Themes has launched the Leverage Shares 2X Long BA Daily ETF (ticker: BOEG) on June 13, 2025, designed to provide 200% exposure to the daily performance of Boeing Co. (BA) [1][2] - The ETF aims to offer investors a cost-efficient tool to amplify returns in the transportation and aerospace sector, with a management fee of 0.75% [1][2] - This launch increases the total number of Leveraged Single Stock ETFs offered by Leverage Shares by Themes to 17 [3] Company Overview - Boeing Co. is highlighted as a key player in global mobility and aerospace innovation, contributing to advancements in air travel and national security [2] - The new ETF is part of a broader strategy by Themes ETFs to provide targeted exposure to specific market segments through low-cost ETFs [5] Product Details - The BOEG ETF is positioned to attract both sophisticated traders and retail investors looking to capitalize on market movements in the aviation sector [2] - The entire lineup of Leveraged Single Stock ETFs includes various prominent companies, indicating a diverse offering for investors [3]

Group 1 - OPEC+ agreed on a significant production increase plan of 411,000 barrels per day for July during an online meeting on May 31 [1][2] - Concerns over multiple oil-producing countries accelerating their exit from voluntary production cuts led to fluctuations in international oil prices, with WTI and Brent crude oil prices closing at $60.79 and $63.90 per barrel, respectively [1][2] - The overall decline in international oil prices this year has been approximately 15%, raising concerns about the future performance of the oil extraction industry [2] Group 2 - Analysts from JPMorgan indicated that the global oil market is currently oversupplied by 2.2 million barrels per day, suggesting that price adjustments may be necessary to restore balance [3] - Violeta Todorova from Leverage Shares noted that if OPEC+ countries increase supply as expected, oil prices could drop by about 10%, potentially reaching $53 to $55 per barrel [4] - The low oil prices pose financial risks to oil producers worldwide, particularly affecting U.S. shale oil producers who may struggle to respond to calls for increased drilling [4]

Core Viewpoint - The international oil prices experienced fluctuations due to concerns over OPEC+ countries potentially increasing oil supply in July, leading to a decline in prices after an initial rise [1][2]. Group 1: Oil Price Movements - As of the close on May 30, the price of light crude oil for July delivery on the New York Mercantile Exchange fell by $0.15 to $60.79 per barrel, a decrease of 0.25% [1]. - The price of Brent crude oil for July delivery decreased by $0.25 to $63.90 per barrel, reflecting a decline of 0.39% [1]. - The market saw a shift from an initial increase in oil prices to a decline due to news regarding OPEC+ discussions on supply adjustments [1]. Group 2: OPEC+ Supply Adjustments - Eight OPEC+ countries are expected to discuss increasing oil supply by more than 411,000 barrels per day in a meeting scheduled for May 31 [1]. - These countries have already increased their oil supply in May and June to three times the previously planned adjustment, reaching 411,000 barrels per day [1][2]. - Analysts suggest that the current supply-demand imbalance in the global oil market has expanded to 2.2 million barrels per day, indicating a need for price adjustments to restore balance [2]. Group 3: Market Analysis and Predictions - Analysts from Morgan Stanley predict that oil prices will likely remain within the current volatile range and may drop below $60 per barrel by the end of the year [2]. - Violeta Todorova from Leverage Shares warns that if OPEC+ countries increase supply as expected, oil prices could see a decline of approximately 10%, potentially falling to between $53 and $55 per barrel [2]. - Alex Hodes from StoneX notes that while oil prices are stabilizing, bullish momentum is lacking, and expectations of increased supply are balancing potential disruptions from sanctions [2]. Group 4: Active Oil Rig Count - The number of active oil drilling rigs in the U.S. decreased by 4 to a total of 461, representing a year-on-year decline of 35 rigs [3]. - In Canada, the active oil rig count fell by 2 to 69, with a year-on-year decrease of 5 rigs [3].

Group 1 - The company specializes in providing daily-rebalanced ETP products that include leveraged, unleveraged, inverse, and inverse leveraged factors [1][3] - The research focuses on macroeconomic assessments for strategic sector viability and market data trends for tactical investment decisions, particularly in Asia [1] - The company holds both long and short positions in various stocks to construct its products, indicating a diverse investment strategy [1][3] Group 2 - There is no current stock or derivative position in any of the companies mentioned, and no plans to initiate such positions in the near future [2] - The company does not have a business relationship with any of the companies whose stocks are mentioned, ensuring an unbiased perspective [2][4]