ETF Industry News - Major indices collectively rose, with gold ETFs leading the gains; the Gold Stock ETF Fund (159322.SZ) increased by 9.22%, Gold Stock ETF (517400.SH) by 8.41%, and Gold Stock ETF Fund (159315.SZ) by 8.33% [1][11] - The financial sector saw declines, with the Financial Real Estate ETF (510650.SH) down 1.56%, Financial ETF (159931.SZ) down 1.40%, and Bank ETF Tianhong (515290.SH) down 1.34% [1] - Financial analysts suggest that recent U.S. data indicates cooling employment and inflation in line with Federal Reserve rate cut expectations, further increasing the likelihood of a September rate cut and recommending gold investments for the medium to long term [1] New Fund Activity - In a volatile market, newly established funds are rapidly building positions to seize market opportunities; over 90% of more than 30 newly established active equity funds have begun to build positions as of August 29 [2] - The new fund issuance market remains active, with 42 new funds set to be publicly issued this week, indicating a recovery in the issuance market for equity products [3] Market Overview - On September 1, major indices rose, with the Shanghai Composite Index up 0.46% to 3875.53 points, Shenzhen Component Index up 1.05% to 12828.95 points, and the ChiNext Index up 2.29% to 2956.37 points [4] - The ChiNext Index, Hang Seng Index, and STAR 50 ranked highest in daily performance, with respective daily gains of 2.29%, 2.15%, and 1.18% [4] Sector Performance - The communication, comprehensive, and non-ferrous metal sectors led daily performance with gains of 5.22%, 4.27%, and 3.46%, respectively; non-bank financials, banks, and household appliances lagged with declines of -1.28%, -1.03%, and -0.54% [8] - Over the past five days, communication, comprehensive, and non-ferrous metals also led with gains of 12.78%, 6.88%, and 5.96%, while banks, coal, and non-bank financials saw declines of -3.85%, -3.51%, and -2.95% [8] ETF Market Performance - The commodity ETFs performed best today with an average gain of 1.69%, while bond ETFs had the worst performance with an average change of -0.00% [9] - The top-performing ETFs included Gold Stock ETF Fund (159322.SZ) with a daily gain of 9.22%, Gold Stock ETF (517400.SH) with 8.41%, and Gold Stock ETF Fund (159315.SZ) with 8.33% [11][12] Trading Volume - The top three ETFs by trading volume were the STAR 50 ETF (588000.SH) with a trading volume of 6.286 billion, ChiNext ETF (159915.SZ) with 5.979 billion, and A500 ETF Fund (512050.SH) with 5.564 billion [14][15]