相关产品： 半导体含量超60%"科创大盘代表：科创50ETF(588000)，最新规模730亿，今年的日均成交额为 41.97亿元，规模、流动性均居同标的第一。 昨日午后，军工、AI应用带动A股缩量反弹，资金继续抄底宽基ETF，规模最大的上证50ETF、科 创50ETF单日分别净流入15.3亿元、5.18亿元，沪深300ETF华夏和A500ETF基金同日分别净流入3.37亿 元、2.62亿元。 A股剧烈回调以来，宽基ETF就成为资金的"避风港"，股票ETF上周净流入700亿元，其中仅11月21 日便有500亿元资金借道ETF抄底，恒生科技指数、中证500、创业板指、科创50、中证1000、沪深 300、中证A500等"吸金"居前，上周合计净流入额超300亿元，其中科创50ETF、恒生科技指数ETF、中 证1000ETF分别净流入34.8亿元、30.99亿元、19.13亿元。 震荡市的核心矛盾是收益不确定，但风险确定，资金此时加大宽基ETF配置的意义是，宽基ETF通 过分散配置全行业的龙头股，既避免了行业ETF的"深度回调"，又能在市场企稳后分享指数上涨收益， 实现"震荡期抗跌，趋势期跟涨"。 A股 "蓝筹旗舰 ...

- The report introduces the **RSI (Relative Strength Index)** as a quantitative factor. The construction idea is to measure the relative strength of price movements over a specific period to identify overbought or oversold market conditions. The formula is: $ RSI = 100 - \frac{100}{1 + RS} $, where $ RS $ is the ratio of the average gain to the average loss over a 12-day period. An RSI > 70 indicates an overbought market, while RSI < 30 indicates an oversold market[2] - Another quantitative factor mentioned is **Net Purchase (NETBUY)**, which measures the net inflow or outflow of funds for ETFs. The formula is: $ NETBUY(T) = NAV(T) - NAV(T-1) \times (1 + R(T)) $, where $ NAV(T) $ is the net asset value on day $ T $, $ NAV(T-1) $ is the net asset value on the previous day, and $ R(T) $ is the return on day $ T $[2] - The report also tracks **Institutional Holdings** as a factor, which is derived from the latest annual or semi-annual reports of ETFs, excluding holdings by linked funds. This factor provides an estimate of institutional participation in the ETF[3] - The report includes **T+0 Trading** as a feature for certain ETFs, indicating whether same-day buy-and-sell transactions are allowed[2] - The report provides a detailed breakdown of ETF performance across various indices, including **broad-based indices** (e.g., CSI 300, CSI 500, CSI 1000) and **thematic indices** (e.g., semiconductor, renewable energy, artificial intelligence). Performance metrics include RSI, net purchase, and institutional holdings[4] - The **RSI values** for ETFs tracking broad-based indices range from 35.83 to 52.12, with thematic ETFs showing a wider range, such as 30.25 for robotics and 63.73 for banking[4] - **Net purchase values** vary significantly, with some ETFs showing large outflows (e.g., -10.82 billion for Nasdaq 100 ETFs) and others showing inflows (e.g., 10.01 billion for Hang Seng Technology ETFs)[4] - **Institutional holdings** also vary widely, with some ETFs having over 90% institutional participation (e.g., CSI 800 ETFs) and others below 20% (e.g., certain thematic ETFs like robotics)[4]

兼顾"价值+成长"的平衡型宽基：A500ETF基金(512050)，今年日均成交额41.28亿元，稳居同标的第 一。 费率最低的创业板新经济核心代表：创业板ETF华夏(159957)，根治指数一举囊括"新能源+医药+算力 +券商"四大高成长行业。 MACD金叉信号形成，这些股涨势不错！ 宽基ETF的核心配置意义是用"分散性+低成本+高灵活"化解震荡市的不确定性，值得关注的产品： 半导体含量超60%"科创大盘代表：科创50ETF(588000)，最新规模718亿，今年的日均成交额为41.97亿 元，规模、流动性均居同标的第一 格隆汇11月21日｜今日A股放量下跌，截至午盘，创业板指跌3.18%，科创50跌2.7%，中证A500指数跌 2.18%，ETF资金趁势抄底宽基ETF，以深市ETF午盘申赎资金来统计，深市ETF上午合计预估净流入79 亿元，其中跟踪创业板指、中证1000、中证A500、沪深300、中证500的ETF预估分别净申购26.21亿 元、11.57亿元、9.82亿元、6.01亿元和3.12亿元。 由于外围"AI泡沫论"+美元流动性紧张，以及年末资金资金获利需求，港A股从10月30日起上演成长向 价 ...

- The report tracks the weekly performance and fund flows of broad-based ETFs, including average returns and fund inflows/outflows[1][2] - The top ten broad-based ETFs by fund inflows and outflows are listed, with specific details on fund size, weekly returns, and trading volume[3][4] - The report also covers the weekly performance and fund flows of sector-themed ETFs, Smart Beta ETFs, and Hong Kong Stock Connect ETFs[5][6] - The report provides a detailed breakdown of the number, size, and trading statistics of equity ETFs, categorized by index and sector[9][10] - Overseas ETFs experienced a net outflow of 34.23 billion yuan over the past week, with significant outflows from large-cap value styles and specific sectors like banking[11][12][13] - The report lists the top ten individual stocks by net fund outflows, including companies like Kweichow Moutai and CATL[15][16][17]

Group 1 - Recent market volatility has led to increased interest in broad-based ETFs, with the CSI A500 ETF (159338) receiving nearly 1.5 billion yuan in inflows over the past 10 days, according to Wind data [1] - The CSI A500 index offers comprehensive and balanced industry coverage, achieving 100% industry representation and neutral industry treatment, making it more representative of the A-share market [2] - The CSI A500 index includes approximately 50% traditional value industries and 50% emerging growth industries, reducing the presence of traditional sectors compared to the CSI 300, while incorporating more leaders in emerging fields such as power equipment, pharmaceuticals, electronics, and computers [2]

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - The report presents daily tracking data of various ETFs, including wide - based and theme ETFs, covering information such as intraday market trends, management fees, tracking indices, T + 0 trading, market capitalization, price changes, RSI, net subscriptions, trading volumes, and institutional holding ratios [2][4] 3. Summary by Related Categories 3.1 Data Description - The table tracks daily frequency data of ETFs and is divided into "wide - based" and "theme" sub - tables according to the tracking indices. The "wide - based" ETFs track mainstream wide - based indices like CSI 300, while "theme" ETFs track industry/style indices [2] - The fund pool is constructed by selecting one or several relatively large - scale ETFs in each type for analysis [2] - The RSI is calculated based on the ratio of average gains to average losses over a 12 - day period. RSI>70 indicates an over - bought market, and RSI<30 indicates an over - sold market [2] - The net subscription amount is calculated using the formula NETBUY(T) = NAV(T)–NAV(T - 1)*(1 + R(T)), where NAV(T - 1) is the previous trading day's ETF net value [2] 3.2 Wide - based ETFs - For CSI 300 ETFs, such as Huatai - PineBridge CSI 300 ETF (510300.SH) with a market capitalization of 426.101 billion yuan and a price decline of 2.01%, and E Fund CSI 300 ETF (510310.SH) with a market capitalization of 303.338 billion yuan and a price decline of 1.92% [4] - For CSI 500 ETFs, Southern CSI 500 ETF (510500.SH) has a market capitalization of 140.102 billion yuan and a price decline of 1.88%, while Huaxia CSI 500 ETF (512500.SH) has a market capitalization of 17.245 billion yuan and a price decline of 2.02% [4] - For SSE 50 ETFs, Huaxia SSE 50 ETF (510050.SH) has a market capitalization of 180.021 billion yuan and a price decline of 1.55%, and E Fund SSE 50 ETF (510100.SH) has a market capitalization of 4.381 billion yuan and a price decline of 1.59% [4] 3.3 Theme ETFs - In the consumer electronics sector, Huaxia China Securities Consumption Electronics Theme ETF (159732.SZ) has a market capitalization of 4.23 billion yuan and a price decline of 5.38%, and Fullgoal CSI Consumption Electronics Theme ETF (561100.SH) has a market capitalization of 1.092 billion yuan and a price decline of 5.37% [6] - In the non - bank sector, Guotai CSI All - Index Securities Company ETF (512880.SH) has a market capitalization of 57.426 billion yuan and a price increase of 0.24%, and Huabao CSI All - Index Securities Company ETF (512000.SH) has a market capitalization of 36.827 billion yuan and a price increase of 0.17% [6] - In the bank sector, Huabao CSI Bank ETF (512800.SH) has a market capitalization of 14.648 billion yuan and a price increase of 0.39%, and Tianhong CSI Bank ETF (515290.SH) has a market capitalization of 5.969 billion yuan and a price increase of 0.43% [6]

- The report does not contain any specific quantitative models or factors related to financial engineering or quantitative investment strategies[1][2][3][4]

1. Report Industry Investment Rating - Not provided in the report 2. Core Viewpoints of the Report - The report tracks daily frequency data of various ETFs, including wide - based and thematic ETFs, and presents information such as intraday market trends, management fees, tracking indices, RSI relative strength indicators, net subscriptions, trading volumes, and institutional holding ratios for each ETF [2][3][4] 3. Summary by Relevant Catalogs 3.1 Data Explanation - The table tracks daily frequency data of ETFs and is divided into "wide - based" and "thematic" sub - tables. The "wide - based" ETFs track mainstream wide - based indices like CSI 300, CSI 500, etc., while "thematic" ETFs track industry/style indices such as non - bank, dividend, and China concept Internet [2] - The RSI relative strength indicator is calculated based on the ratio of average gains to average losses over a 12 - day period. RSI>70 indicates an over - bought market, and RSI<30 indicates an over - sold market [2] - Net subscription is calculated using the formula NETBUY(T) = NAV(T)–NAV(T - 1)*(1 + R(T)), where NAV(T - 1) is the previous trading day's ETF net value [2] - T+0 indicates whether the T+0 trading method is supported. Institutional holding ratio is the estimated ratio from the latest annual or semi - annual reports of ETF funds, excluding the holding ratio of corresponding linked funds [3] 3.2 Wide - based ETFs - Multiple wide - based ETFs are listed, such as those tracking the CSI 300, CSI 500, SSE 50, etc. For example, the Huatai - Peregrine CSI 300 ETF has a circulation market value of 425.344 billion yuan, an RSI of 67.84, and a net subscription of 10.77 billion yuan [4] 3.3 Thematic ETFs - **Consumer Electronics**: There are several consumer electronics ETFs, like the ChinaAMC China Securities Consumer Electronics Theme ETF with a circulation market value of 44.62 billion yuan and an RSI of 69.63 [6] - **Non - bank**: Non - bank financial ETFs include the Guotai CSI All - Index Securities Company ETF with a circulation market value of 553 billion yuan and an RSI of 53.18 [6] - **Dividend**: Dividend - related ETFs, such as the Huatai - Peregrine SSE Dividend ETF, have different performance indicators. This ETF has a circulation market value of 196.76 billion yuan and an RSI of 32.08 [6] - **New Energy**: New energy ETFs, like the ChinaAMC CSI New Energy Vehicle ETF, show different trends. It has a circulation market value of 59.86 billion yuan and an RSI of 83.71 [6] - **Chip Semiconductor**: Chip semiconductor ETFs, such as the ChinaAMC China Securities Semiconductor Chip ETF, have a circulation market value of 286.56 billion yuan and an RSI of 75.85 [6] - **Photovoltaic**: Photovoltaic ETFs, for example, the Huatai - Peregrine CSI Photovoltaic Industry ETF, have a circulation market value of 139.79 billion yuan and an RSI of 71.42 [6] - **Military Industry**: Military industry ETFs, such as the Guotai CSI Military Industry ETF, have a circulation market value of 141.29 billion yuan and an RSI of 58.98 [6] - **ESG**: ESG - related ETFs, like the E Fund CSI Shanghai Environment Exchange Carbon Neutrality ETF, have a circulation market value of 9.45 billion yuan and an RSI of 83.11 [6] - **Robot**: Robot - themed ETFs, such as the ChinaAMC CSI Robot ETF, have a circulation market value of 228.03 billion yuan and an RSI of 60.10 [6] - **Central and State - owned Enterprises**: Central and state - owned enterprise ETFs, such as the Bosera Central Enterprise Innovation - driven ETF, have a circulation market value of 34.89 billion yuan and an RSI of 55.92 [6] - **Artificial Intelligence**: Artificial intelligence ETFs, such as the E Fund CSI Artificial Intelligence ETF, have a circulation market value of 250.15 billion yuan and an RSI of 65.19 [6] - **Real Estate**: Real estate ETFs, such as the ChinaAMC CSI All - Index Real Estate ETF, have a circulation market value of 8.18 billion yuan and an RSI of 68.93 [6] - **Biomedical**: Biomedical ETFs, such as the Guotai CSI Biomedical ETF, have a circulation market value of 33.41 billion yuan and an RSI of 56.85 [6] - **China Concept Internet**: China concept Internet ETFs, such as the E Fund CSI Overseas Internet ETF, have a circulation market value of 434.49 billion yuan and an RSI of 70.55 [6] - **Resources**: Resource - related ETFs, such as the Southern CSI Shenwan Non - ferrous Metals ETF, have a circulation market value of 143.45 billion yuan and an RSI of 74.35 [6] - **Consumption**: Consumption - related ETFs, such as the Penghua CSI Wine ETF, have a circulation market value of 203.36 billion yuan and an RSI of 39.40 [6]

Core Viewpoint - The article highlights a significant shift in investor behavior towards industry-themed ETFs, particularly in the context of increased market volatility, with a notable preference for sectors with reasonable valuations and high earnings certainty [3][5][6]. Summary by Sections ETF Market Trends - From September 1 to September 9, 12 industry-themed ETFs saw net inflows exceeding 1 billion yuan, with battery ETFs emerging as a new favorite among investors [1][3]. - The battery ETFs, including Guangfa Battery ETF, Huatai-PB Battery 50 ETF, and CMB Battery ETF, attracted net inflows of 3.523 billion yuan, 2.297 billion yuan, and 2.117 billion yuan respectively during this period [3][6]. Sector Rotation - There has been a clear rotation of funds from technology sectors like chips and artificial intelligence to high-growth sectors such as batteries and brokerages, reflecting a preference for assets with reasonable valuations and earnings certainty [5][6]. - The total net inflow for battery-themed ETFs exceeded 10 billion yuan from September 1 to September 9, with significant returns observed in the previous month [6][7]. Performance of Broker ETFs - The Guotai Securities ETF recorded a net inflow of 5.084 billion yuan from September 1 to September 9, marking it as the only ETF to surpass 5 billion yuan in inflows during this period [9][10]. - The overall market activity has remained high, benefiting brokerages, which are directly impacted by trading volumes and margin financing [10]. Cross-Border ETF Activity - There has been a notable inflow into Hong Kong stock ETFs, with 15.36 billion yuan flowing in from September 1 to September 5, indicating growing investor confidence in the Hong Kong market [11]. Changing Investment Behavior - Since June, non-broad-based ETFs have seen rapid growth, with net inflows reaching 227.9 billion yuan from June to August, while broad-based ETFs experienced significant outflows [13]. - The shift towards non-broad-based ETFs suggests a change in how retail investors are entering the market, with ETFs becoming a preferred investment vehicle due to their flexibility and lower costs [13][14].

Core Viewpoint - The new energy industry chain has experienced a significant surge for the third consecutive day, with key stocks like XianDao Intelligent rising over 15% and Yangguang Electric Power increasing over 12%, reaching a historical high [1] Group 1: Market Performance - The ChiNext Index, a broad-based index, rebounded by 2% due to the strong performance of the new energy sector [1] - The ChiNext ETF (159977) surged by 2.89%, while the photovoltaic ETF (159857) skyrocketed by 5.33% [1] Group 2: Industry Developments - Positive changes in the new energy industry chain are noted, with the lithium battery peak season approaching, and favorable pre-production schedules for September alongside ongoing breakthroughs in solid-state battery technology [1] - The "Action Plan for Stable Growth of the Electronic Information Manufacturing Industry 2025-2026" aims for an average growth rate of around 7% in the added value of large-scale electronic equipment manufacturing, with five provinces achieving over 1 trillion in revenue [1] - The policy is beginning to support high-end manufacturing, emphasizing high-quality development in fields like photovoltaics while addressing "involution" competition [1] Group 3: ETF Characteristics - The broad-based ETFs, by covering multiple industry leaders, inherently possess anti-rotation characteristics, allowing them to capture various hotspots simultaneously [1] - The ChiNext Index, tracked by the Tianhong ETF (159977, linked C: 001593), has seen a cumulative increase of 60% since April 9, with a recent three-day pullback of 6%, which is lower than that of the Sci-Tech Innovation Index [1] - The ChiNext Index, led by the new energy sector, comprehensively covers strategic emerging industries in China with global competitive advantages, including high-end manufacturing, information technology, and biomedicine, with a current price-to-earnings ratio of 39 times, at the lowest level among broad-based indices in nearly a decade [1]