Core Viewpoint - Two stock ETFs have recently announced their listing, with varying stock positions indicating different investment strategies and market conditions [1] Group 1: ETF Stock Positions - The stock position of GF Zhongzheng 800 Free Cash Flow ETF is 32.89%, while the stock position of Huatai-PineBridge Zhongzheng 800 Free Cash Flow ETF is 41.74% [1] - Since May, a total of 11 stock ETFs have announced their listings, with an average stock position of only 20.98% [1] - The ETF with the highest stock position is Huabao S&P Hong Kong Stock Connect Low Volatility Dividend ETF at 44.14% [1] - Other ETFs with significant stock positions include Huatai-PineBridge Shanghai Stock Exchange Sci-Tech Innovation Board 100 ETF at 42.48% and Huatai-PineBridge Zhongzheng 800 Free Cash Flow ETF at 41.74% [1] Group 2: ETF Fundraising and Institutional Holdings - The average fundraising amount for the ETFs announced since May is 328 million shares, with the largest being Fangzheng Fubon Zhongzheng All Index Free Cash Flow ETF at 510 million shares [1] - Institutional investors hold an average of 15.53% of the shares, with the highest proportions in Huabao S&P Hong Kong Stock Connect Low Volatility Dividend ETF (42.14%), Wanjia National Aerospace Industry ETF (25.50%), and Huatai-PineBridge Zhongzheng 800 Free Cash Flow ETF (18.32%) [2] - ETFs with lower institutional investor holdings include Jiashi National Free Cash Flow ETF (1.09%), Fangzheng Fubon Zhongzheng All Index Free Cash Flow ETF (2.03%), and Fuguo National General Aviation Industry ETF (7.46%) [2]

Core Insights - Two stock ETFs have recently announced their listing, with the Huafu CSI All-Share Free Cash Flow ETF having a stock position of 0.00% and the Southern Growth Enterprise Board Artificial Intelligence ETF at 11.96% [1] - In the past month, 27 stock ETFs have announced their listings, with an average position of only 11.26%. The highest position is held by the Bosera National Value ETF at 50.02% [1][2] - Generally, ETFs must meet the position requirements specified in the fund contract before listing, and if the position is low, they will complete their build-up before the official listing [1] Fund Statistics - The average fundraising for the newly announced ETFs in the past month is 513 million shares, with the Southern CSI Free Cash Flow ETF leading at 1.909 billion shares [1] - The institutional investor's average shareholding ratio is 20.62%, with the highest ratios in the Penghua Sci-Tech 50 ETF (79.02%), CICC CSI 300 ETF (66.13%), and Guotai Junan Growth Enterprise Board Medical and Health ETF (54.48%) [2] - The lowest institutional holding ratios are found in the Penghua CSI 800 Free Cash Flow ETF (2.36%), Bosera National Value ETF (3.75%), and Huatai-PineBridge CSI Robot ETF (3.89%) [2]