Report Investment Rating - No industry investment rating information is provided in the report. Core View - The report presents the market performance of various types of ETFs on June 12, 2025, including stock ETFs, bond ETFs, gold ETFs, commodity futures ETFs, cross - border ETFs, and money ETFs, along with the overall A - share market situation [2][3][4][12][15][17][19] Summary by Directory Market Overview - The Shanghai Composite Index rose 0.01% to 3402.66 points, the Shenzhen Component Index fell 0.11% to 10234.33 points, and the ChiNext Index rose 0.26% to 2067.15 points. The total trading volume of A - shares in the two markets was 13038 billion yuan. The top - rising industries were non - ferrous metals (1.40%), media (1.33%), and beauty care (1.31%), while the top - falling industries were household appliances (-1.77%), coal (-1.14%), and food and beverages (-1.13%) [2][6] Stock ETF - The top - trading - volume stock ETFs included Huaxia CSI A500 ETF (up 0.11%, discount rate 0.02%),嘉实 CSI A500 ETF (up 0.10%, discount rate 0.06%), and Huatai - Peregrine SSE 300 ETF (up 0.05%, discount rate 0.03%) [3][7] - Detailed data of the top ten trading - volume stock ETFs are presented in Chart 1, including price, change rate, tracking index, and other information [8] Bond ETF - The top - trading - volume bond ETFs were Haifutong SSE Benchmark Market - making Corporate Bond ETF (up 0.06%, discount rate 0.07%), Huaxia SSE Benchmark Market - making Corporate Bond ETF (up 0.05%, discount rate 0.11%), and Southern SSE Benchmark Market - making Corporate Bond ETF (up 0.04%, discount rate 0.07%) [4][9] - Detailed data of the top five trading - volume bond ETFs are shown in Chart 2 [10] Gold ETF - Gold AU9999 rose 0.76% and Shanghai Gold rose 0.90%. The top - trading - volume gold ETFs were Huaan Gold ETF (up 0.93%, discount rate 0.92%), Boshi Gold ETF (up 0.97%, discount rate 0.95%), and E Fund Gold ETF (up 0.91%, discount rate 0.90%) [12] - Detailed data of the top five trading - volume gold ETFs are provided in Chart 3 [13] Commodity Futures ETF - Huaxia Feed Soybean Meal Futures ETF rose 0.15% with a discount rate of 0.39%, Dacheng Non - ferrous Metals Futures ETF fell 0.53% with a discount rate of - 0.38%, and Jianxin Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 0.15% with a discount rate of 0.26% [15] - Detailed data of commodity futures ETFs are presented in Chart 4 [16] Cross - border ETF - The previous trading day saw the Dow Jones Industrial Average fall 0.00%, the Nasdaq fall 0.50%, the S&P 500 fall 0.27%, and the German DAX fall 0.16%. On this day, the Hang Seng Index fell 1.36% and the Hang Seng China Enterprises Index fell 1.53%. The top - trading - volume cross - border ETFs were GF CSI Hong Kong Innovative Drug ETF (up 4.97%, discount rate 5.46%), E Fund CSI Hong Kong Securities Investment Theme ETF (up 0.18%, discount rate - 0.14%), and Huitianfu SZSE - HK Connect Innovative Drug ETF (up 5.57%, discount rate 6.02%) [17] - Detailed data of the top five trading - volume cross - border ETFs are shown in Chart 5 [18] Money ETF - The top - trading - volume money ETFs were Yin Hua Ri Li ETF, Hua Bao Tian Yi ETF, and Money ETF Jian Xin Tian Yi [19] - Detailed data of the top three trading - volume money ETFs are provided in Chart 6 [21]

Company Overview - EVE Energy Co., Ltd. has experienced a cumulative decline of -6.09% over four consecutive trading days as of June 10 [1] - Founded in 2001 and listed on the Shenzhen Stock Exchange in 2009, EVE has developed into a globally competitive lithium battery platform company [1] - The company possesses core technologies and comprehensive solutions for consumer batteries, power batteries, and energy storage batteries, with applications in the Internet of Things and energy internet sectors [1] Financial Performance - The financial report indicates that Huatai-PineBridge Fund's Huatai-PineBridge CSI 300 ETF is among the top ten shareholders of EVE Energy, having reduced its holdings in the first quarter of this year [1] - Year-to-date return for the fund is -1.24%, ranking 2392 out of 3428 in its category [1][2] Fund Management - The fund manager for Huatai-PineBridge CSI 300 ETF is Liu Jun, who has extensive experience in fund management since joining Huatai-PineBridge in 2004 [3][4] - Liu Jun holds a master's degree in financial management from Fudan University and has managed various funds, including the Huatai-PineBridge CSI 300 ETF since May 2012 [3][4]

华泰柏瑞沪深300ETF基金经理为柳军。 简历显示，柳军先生:中国国籍。监事,复旦大学财务管理硕士,2000-2001年任上海汽车集团财务有限公司财务,2001-2004年任华安基金管理有限公司高级基金 核算员,2004年7月加入华泰柏瑞基金管理有限公司,历任基金事务部总监、上证红利ETF基金经理助理。2009年6月起任上证红利交易型开放式指数证券投资 基金的基金经理。2010年10月起担任指数投资部副总监。2011年1月至2020年2月任华泰柏瑞上证中小盘ETF基金、华泰柏瑞上证中小盘ETF联接基金基金经 理。2012年5月起任华泰柏瑞沪深300交易型开放式指数证券投资基金、华泰柏瑞沪深300交易型开放式指数证券投资基金联接基金的基金经理。2015年2月起 任指数投资部总监。2015年5月至2025年1月任华泰柏瑞中证500交易型开放式指数证券投资基金及华泰柏瑞中证500交易型开放式指数证券投资基金联接基金 的基金经理。2018年3月至2018年11月任华泰柏瑞锦利灵活配置混合型证券投资基金和华泰柏瑞裕利灵活配置混合型证券投资基金的基金经理。2018年3月至 2018年10月任华泰柏瑞泰利灵活配置混合型证券 ...

Report Overview - The report is an ETF daily report on June 10, 2025, covering market conditions and performance of various ETFs [2][6] Market Conditions - The Shanghai Composite Index fell 0.44% to 3384.82 points, the Shenzhen Component Index dropped 0.86% to 10162.18 points, and the ChiNext Index declined 1.17% to 2037.27 points. The total trading volume of A - shares in the two markets was 14516 billion yuan [2][6] - The top - performing sectors were beauty care (1.10%), banking (0.48%), and pharmaceutical biology (0.33%), while the worst - performing sectors were national defense and military industry (-1.97%), computer (-1.87%), and electronics (-1.65%) [2][6] Stock ETFs - Among the stock ETFs with high trading volume, Huatai - Peregrine CSI 300 ETF fell 0.58% with a premium rate of -0.55%, Harvest CSI A500 ETF dropped 0.72% with a premium rate of -0.72%, and China AMC SSE STAR Market 50 ETF declined 1.99% with a premium rate of -1.52% [3][7] Bond ETFs - The bond ETFs with high trading volume included Haitong CSI Short - Term Financing Bond ETF (up 0.00%, premium rate -0.00%), Haitong SSE Benchmark Market - Making Corporate Bond ETF (up 0.06%, premium rate 0.07%), and Fullgoal China Bond 7 - 10 - Year Policy Financial Bond ETF (down 0.03%, premium rate -0.04%) [4][9] Gold ETFs - Gold AU9999 rose 0.05% and Shanghai Gold rose 0.18%. Among the gold ETFs with high trading volume, Huaan Gold ETF rose 0.07% with a premium rate of -0.01%, Bosera Gold ETF rose 0.15% with a premium rate of 0.06%, and E Fund Gold ETF rose 0.12% with a premium rate of 0.03% [12] Commodity Futures ETFs - Huaxia Feed Soybean Meal Futures ETF rose 0.36% with a premium rate of 0.80%, CCB Yisheng Zhengzhou Commodity Exchange Energy and Chemical Futures ETF fell 0.08% with a premium rate of -0.12%, and Dacheng Non - Ferrous Metals Futures ETF fell 0.12% with a premium rate of 0.04% [15] Cross - Border ETFs - The previous trading day, the Dow Jones Industrial Average fell 0.00%, the Nasdaq Composite rose 0.31%, the S&P 500 rose 0.09%, and the German DAX fell 0.54%. On this day, the Hang Seng Index fell 0.08% and the Hang Seng China Enterprises Index dropped 0.15%. Among the cross - border ETFs with high trading volume, GF CSI Hong Kong Innovative Drugs ETF rose 3.45% with a premium rate of 2.61%, Huatai - Peregrine CSI Hong Kong Innovative Drugs ETF rose 3.69% with a premium rate of 3.08%, and Bosera Hang Seng Healthcare ETF rose 2.67% with a premium rate of 1.66% [17] Currency ETFs - The currency ETFs with high trading volume were YinHua RiLi ETF, HuaBao TianYi ETF, and JianXin TianYi Currency ETF [19]

Investment Rating - The industry rating is "Overweight" (Maintain) [7] Core Viewpoints - The ETF market showed a steady growth in total assets, with a month-on-month increase of 1.6% and a 0.9% rise in stock ETFs, indicating a moderate growth trend despite market fluctuations [11][12] - Bond funds reached a new high with net assets of 284.1 billion, growing by 15% month-on-month, and their market share increased by 0.8 percentage points to 6.9% [2][13] - The competitive landscape saw a slight decline in the concentration of leading firms, with the top three firms maintaining their positions but experiencing a slight decrease in market share compared to the beginning of the year [3][18] - The issuance of new products in May was relatively scattered, with a significant month-on-month decline in issuance scale, totaling 7.1 billion, down 51% [4][22] - The implementation of the "Action Plan for Promoting High-Quality Development of Public Funds" is expected to reshape the industry ecosystem, emphasizing the need to enhance the scale and proportion of equity investments in public funds, which may accelerate the development of stock ETFs [5][26] Summary by Sections Total Structure - As of the end of May, the total net asset value of stock ETFs reached 297.36 billion, reflecting a month-on-month increase of 0.9%. The overall ETF market's net asset value totaled 412.6 billion, up 1.6% month-on-month, with a total of 27.469 billion shares, down 1.7% month-on-month [2][12] Competitive Landscape - The concentration of leading firms in the ETF market slightly decreased, with CR3, CR5, and CR10 at 44.8%, 57.5%, and 77.6% respectively, all down by 0.3 percentage points [3][18] New Product Issuance - The new issuance scale of stock ETFs in May saw a decline, primarily due to the previous month's bulk issuance of various ETFs. The highest scale product in May was the Morgan CSI A500 Enhanced Strategy ETF, which raised 1 billion [4][22] Policy Dynamics - The "Action Plan for Promoting High-Quality Development of Public Funds" was released on May 7, outlining a comprehensive reform roadmap aimed at enhancing governance, product issuance, investment operations, and assessment mechanisms within the industry [5][26]

Investment Rating - The industry rating is "Overweight" (Maintain) [7] Core Viewpoints - The ETF market showed a steady growth in total assets, with a month-on-month increase of 1.6% and a 0.9% rise in stock ETFs, indicating a moderate growth trend despite market fluctuations [11][12] - Bond funds reached a new high with net assets of 284.1 billion, growing by 15% month-on-month, and their market share increased by 0.8 percentage points to 6.9% [2][12] - The competitive landscape saw a slight decline in the concentration of leading firms, with the top three firms maintaining their positions but experiencing a slight decrease in market share compared to the beginning of the year [3][18] - The issuance of new products in May was relatively scattered, with a significant month-on-month decline in scale, reflecting a shift from previous peaks in issuance [4][22] - The implementation of the "Action Plan for Promoting High-Quality Development of Public Funds" is expected to reshape the industry ecosystem, emphasizing the need to enhance the scale and proportion of equity investments in public funds, which may accelerate the development of stock ETFs [5][26] Summary by Sections Total Structure - As of the end of May 2025, the total net asset value of stock ETFs reached 29,736 billion, reflecting a 0.9% month-on-month increase. The overall ETF market's net asset value totaled 41,260 billion, with a month-on-month growth of 1.6% [12][2] - The share of stock ETFs in the total ETF market slightly decreased by 0.4 percentage points to 72% due to ongoing market volatility [2][13] Competitive Landscape - The concentration of the ETF market slightly decreased, with the CR3, CR5, and CR10 ratios at 44.8%, 57.5%, and 77.6%, respectively, all showing a decline of 0.3 percentage points [3][18] - The top three firms, including Huaxia, E Fund, and Huatai-PB, maintained their positions, although their market shares have slightly decreased since the beginning of the year [3][21] New Product Issuance - The issuance scale of new stock ETFs in May saw a significant decline, with the total new issuance amounting to 7.1 billion, a 51% decrease month-on-month [4][22] - The highest scale product issued was the Morgan Zhongzheng A500 Enhanced Strategy ETF, which raised 1 billion [4][22] Policy Dynamics - The "Action Plan for Promoting High-Quality Development of Public Funds" was released on May 7, outlining a comprehensive reform roadmap aimed at enhancing governance, product issuance, investment operations, and assessment mechanisms within the industry [5][26] - The plan emphasizes the need to increase the scale and proportion of equity investments in public funds, which is expected to accelerate the development of stock ETFs [5][26]

Group 1 - The investment value of ETF products is increasingly recognized, leading private equity firms to intensify their participation in the ETF market [1][4] - As of May 31, 104 private equity firms have products listed among the top ten holders of 97 ETFs, collectively holding 1.783 billion shares [1] - Specific examples include Qingdao Luxiu Investment Management holding 30 million shares in the Invesco CSI 300 Enhanced Strategy ETF, representing 6.83% of the fund's total shares [3] Group 2 - The technology-themed ETFs have become a key focus for private equity investments, with significant holdings in various funds [3] - The advantages of ETFs, such as strong liquidity, low transaction costs, and high transparency, enable private equity firms to efficiently allocate resources [4] - The structural characteristics of the A-share market and the active promotion of ETF products by public funds have contributed to the growing interest from private equity firms [4]

| ○ 基金经理：柳军 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 累计任职时间：16年又3天 任职起始日期：2009-06-04 现任基金公司：华泰柏瑞基金管理有限公司 | | | 基金经理简介:柳军先生:中国国籍。监事.复旦大学财务管理硕士.2000-2001年任上海汽车集 团财务有限公司财务,2001-2004年任华安基金管理有限公司高级基金核算员,2004年7月加入 华泰柏瑞基金管理有限公司,历任基金率务部总监、上证红利ETF基金经理助理。2009年6月 | | | | | | | 现任基金资产 在管基金最佳 | | | 起任上证红利交易型开放式指数证券投资基金的基金经理。2010年10月起担任指数投资部副 总监。2011年1月至2020年2月任华泰柏瑞上证中小盘ETF基金、华泰柏瑞上证中小盘ETF联 | | | | | | | 总规模 | 任期回报 | | 接基金基金经理。2012年5月起任华泰和瑞沪深300交易型开放式指数证券投资基金、华泰柏 | | | | | | | 4232.91亿 ...

ETF 日报 2025.06.03 市场概况： 今日 A 股上证综指上涨 0.43%，收于 3361.98 点，深证成指上涨 0.16%，收于 10057.17 点，创业板指上涨 0.48%，收于 2002.70 点， 两市 A 股成交金额为 11640 亿元。涨幅靠前的行业有：美容护理 （3.86%）、纺织服饰（2.53%）、综合（2.02%），跌幅靠前的行业有： 家用电器（-2.10%）、钢铁（-1.37%）、煤炭（-0.84%）。 股票 ETF： 今日成交金额靠前的股票 ETF 为：华夏中证 A500ETF 下跌 0.11%， 贴水率为 0.05%；嘉实中证 A500ETF 下跌 0.31%，贴水率为 0.15%； 华泰柏瑞沪深 300ETF 下跌 0.05%，贴水率为 0.31%。 债券 ETF： 今日成交金额靠前的债券 ETF 为：南方上证基准做市公司债 ETF 下跌 0.02%，贴水率为 0.05%；富国中债 7-10 年政策性金融债 ETF 上涨 0.01%，贴水率为-0.05%；海富通中证短融 ETF 上涨 0.01%， 贴水率为 0.02%。 2025 年 06 月 03 日 ETF 日报 ...

Core Viewpoint - The Hong Kong innovative pharmaceutical sector has gained significant traction in the capital market this year, with a notable performance of related ETFs, indicating strong investor interest and potential growth in the industry [3][5]. Group 1: Performance of ETFs - As of May 30, 2023, the top 17 cross-border ETFs in terms of returns are all related to Hong Kong pharmaceuticals, with annual returns exceeding 40% [3][5]. - Specific ETFs such as the Huatai-PB Hang Seng Innovative Drug ETF and the GF CSI Hong Kong Innovative Drug ETF have reported returns of 43.36% and 42.09% respectively [5]. - The total net inflow of funds into these ETFs has been substantial, with the Huatai-PB ETF seeing an increase of 19.78 million shares [5]. Group 2: Private Equity Interest - Private equity firms have shown a strong preference for newly listed ETFs, particularly in the sci-tech sector, with 104 private equity products appearing in the top ten holdings of 97 newly listed ETFs, holding a total of 1.783 billion shares [3][8]. - The sci-tech ETFs have attracted 32.02% of the total shares held by private equity, indicating a robust interest in high-growth potential sectors [8]. Group 3: Future Outlook for Innovative Pharmaceuticals - Industry experts express optimism regarding the investment potential in innovative pharmaceuticals, citing favorable policies and market conditions as catalysts for growth [4][6]. - The ongoing development of innovative drugs is supported by government initiatives, which aim to streamline approval processes and enhance market access [7][8]. - The increasing demand for innovative drugs is driven by an aging population and heightened health awareness, suggesting a sustainable growth trajectory for the sector [7][8]. Group 4: Free Cash Flow ETFs - Newly listed free cash flow ETFs have emerged as a popular choice among private equity investors, with 16 such ETFs collectively holding 350 million shares [10][12]. - These ETFs focus on companies with strong cash flow, reflecting their true profitability and financial health, which is increasingly appealing in the current market environment [11][12]. - The demand for stable, high-quality investment options has led to a growing interest in free cash flow ETFs, which offer both cash returns and growth potential [12].