来源：新浪基金∞工作室 12月1日，港股消费ETF（159735）涨0.48%，成交额5920.63万元。当日份额减少100.00万份，最新份额 为9.26亿份，近20个交易日份额增加100.00万份。最新资产净值计算值为7.75亿元。 港股消费ETF（159735）业绩比较基准为经估值汇率调整的中证港股通消费主题指数收益率，管理人为 银华基金管理股份有限公司，基金经理为李宜璇，成立（2021-05-25）以来回报为-16.29%，近一个月 回报为-0.30%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 ...

Group 1 - The Hong Kong Consumption ETF managed by E Fund (513070) experienced a decline of 1.46% on November 21, with a trading volume of 78.1975 million yuan [1] - The fund's shares increased by 3 million, bringing the total shares to 588 million, with a total increase of 20 million shares over the last 20 trading days [1] - The latest net asset value of the fund is calculated to be 784 million yuan [1] Group 2 - The performance benchmark for the Hong Kong Consumption ETF is the CSI Hong Kong Stock Connect Consumption Theme Index return rate, adjusted using valuation exchange rates [1] - The fund, managed by E Fund Management Co., Ltd., has a return of 33.46% since its inception on March 14, 2022, while the return over the past month is -5.76% [1]

Core Viewpoint - The Hong Kong Consumption ETF managed by E Fund (513070) has shown a 2.44% increase in value, with a trading volume of 46.2865 million yuan on October 15, 2023, despite a reduction in shares outstanding [1] Group 1: Fund Performance - The latest net asset value of the Hong Kong Consumption ETF is 819 million yuan [1] - Since its inception on March 14, 2022, the fund has achieved a return of 41.72% [1] - Over the past month, the fund has experienced a return of -1.01% [1] Group 2: Share and Trading Activity - On the reporting date, the fund's shares decreased by 6 million, bringing the total shares outstanding to 578 million [1] - In the last 20 trading days, the fund's shares have increased by 5 million [1]

Group 1 - Hong Kong stocks strengthened today, with technology-related concepts such as semiconductors, integrated circuits, and chips leading the gains [1] - As of the market close, the CSI Hong Kong Stock Connect Internet Index rose by 2.3%, the Hang Seng Technology Index increased by 2.1%, and the Hang Seng Hong Kong Stock Connect New Economy Index climbed by 1.9% [1] - The CSI Hong Kong Stock Connect Medical and Health Comprehensive Index and the CSI Hong Kong Stock Connect Consumer Theme Index both rose by 1.8% [1] Group 2 - According to Wind data, as of last Friday, the net inflow for the E Fund Hang Seng Technology ETF (513010) exceeded 4 billion yuan in the past month, ranking first among similar ETFs [1] - The Hang Seng New Economy ETF tracks the Hang Seng Hong Kong Stock Connect New Economy Index, which consists of the 50 largest stocks in "new economy" sectors within the Stock Connect range [2] - The Hang Seng Technology ETF tracks the Hang Seng Technology Index, composed of the 30 largest stocks highly related to technology, with over 90% of the index comprising information technology and consumer discretionary sectors [2] Group 3 - The Hang Seng Medical ETF tracks the CSI Hong Kong Stock Connect Medical and Health Comprehensive Index, which includes 50 highly liquid and large-cap stocks in the healthcare sector, accounting for over 90% of the index [2] - The Hang Seng Internet ETF tracks the CSI Hong Kong Stock Connect Internet Index, consisting of stocks from 30 leading internet companies, primarily in information technology and consumer discretionary sectors [2] - The Hang Seng Consumer ETF tracks the CSI Hong Kong Stock Connect Consumer Theme Index, which includes 50 large-cap consumer stocks, with nearly 60% in consumer discretionary [3]

Core Insights - The Hong Kong Consumption ETF (159735) increased by 1.84% on September 24, with a trading volume of 72.3983 million yuan [1] - The fund's shares decreased by 7 million, bringing the total to 952 million shares, while the shares increased by 53 million over the past 20 trading days [1] - The latest net asset value of the fund is 847 million yuan [1] - The performance benchmark for the ETF is the adjusted return of the CSI Hong Kong Stock Connect Consumption Theme Index, managed by Yinhua Fund Management Co., Ltd. [1] - The fund manager is Li Yixuan, and since its inception on May 25, 2021, the return has been -11.01%, while the return over the past month is 4.95% [1]

Group 1: Core Insights - The report analyzes the fund flow of exchange-traded index funds from September 15 to September 19, 2025, highlighting significant trends in various categories [1][2]. - The overall fund flow indicates a mixed performance across different index categories, with notable outflows in major indices like the Shanghai Composite and CSI 300 [6][7]. Group 2: Fund Flow by Category - The Shanghai 50 index had a fund size of 159.46 billion yuan, with a weekly decline of 1.71% and a net outflow of 5.98 billion yuan [6]. - The CSI 300 index, with a fund size of 983.45 billion yuan, experienced a slight decline of 0.39% and a significant net outflow of 33.92 billion yuan [6]. - The ChiNext index showed a positive trend with a weekly increase of 2.17% and a net inflow of 5.76 billion yuan, indicating investor interest in growth sectors [6]. - In the technology sector, the large technology category saw a fund size of 216.69 billion yuan, with a weekly increase of 2.20% and a substantial net inflow of 58.01 billion yuan [7]. - The large financial category faced a decline of 3.20% with a net inflow of 140.61 billion yuan, suggesting a shift in investor sentiment [7]. Group 3: Sector Performance - The healthcare sector had a fund size of 100.16 billion yuan, with a weekly decline of 2.11% and a modest net inflow of 5.94 billion yuan, reflecting cautious investor behavior [7]. - The manufacturing sector reported a fund size of 72.82 billion yuan, with a weekly increase of 2.19% and a net inflow of 64.79 billion yuan, indicating resilience in this area [7]. - The consumer sector showed a slight decline of 0.24% with a net inflow of 32.55 billion yuan, suggesting mixed investor confidence [7]. Group 4: International Indices - The Nasdaq 100 index had a fund size of 78.42 billion yuan, with a weekly increase of 1.84% and a net outflow of 0.67 billion yuan, indicating fluctuating investor interest [11]. - The S&P 500 index reported a fund size of 20.84 billion yuan, with a slight increase of 0.50% and a net inflow of 0.77 billion yuan, reflecting stable performance [11]. - The Hang Seng index had a fund size of 19.17 billion yuan, with a weekly increase of 0.40% and a net outflow of 3.72 billion yuan, suggesting challenges in the Hong Kong market [11].

1. Report Information - Report Title: Weekly Report on Capital Flows of Exchange-Traded Index Funds - Data Date: September 8 - 12, 2025 - Research Institution: Great Wall Securities Industrial Finance Research Institute - Analyst: Jin Ling - Report Date: September 17, 2025 [1] 2. Core View - The report presents the capital flow, fund scale, and weekly price change data of various exchange-traded index funds from September 8 - 12, 2025, covering comprehensive, industry theme, style strategy, enterprise nature, regional, QDII, bond, commodity, and index-enhanced funds. 3. Summary by Category Comprehensive Index Funds - **Fund Performance**: The Shanghai Composite 50 had a fund scale of 15.9456 billion yuan, a weekly increase of 0.99%, and a net weekly capital outflow of 394 million yuan; the CSI 300 had a scale of 98.3449 billion yuan, a rise of 1.51%, and an outflow of 4.095 billion yuan; the CSI 500 had a scale of 14.012 billion yuan, a 3.41% increase, and an inflow of 1.174 billion yuan [6]. Industry Theme Index Funds - **Sector Performance**: The large technology sector had a fund scale of 21.6688 billion yuan, a 5.13% increase, and an outflow of 6.616 billion yuan; the large finance sector had a scale of 12.8483 billion yuan, a 0.92% rise, and an inflow of 11.468 billion yuan; the large health sector had a scale of 10.0161 billion yuan, a 0.50% decline, and an inflow of 6.432 billion yuan [7]. Style Strategy Index Funds - **Style Performance**: The dividend style had a fund scale of 5.9877 billion yuan, a 1.01% increase, and an inflow of 633 million yuan; the growth style had a scale of 730.6 million yuan, a 3.02% increase, and an outflow of 252 million yuan; the value style had a scale of 330.8 million yuan, a 1.11% increase, and an outflow of 102 million yuan [9]. QDII Index Funds - **Overseas Market Performance**: The Nasdaq 100 had a fund scale of 7.8421 billion yuan, a 0.73% increase, and an outflow of 197 million yuan; the S&P 500 had a scale of 2.0837 billion yuan, a 0.69% increase, and an outflow of 38 million yuan; the German DAX had a scale of 975 million yuan, a 0.43% decline, and an inflow of 101 million yuan [11]. Bond Index Funds - **Bond Type Performance**: The 30-year bond had a fund scale of 896.9 million yuan, a 1.18% decline, and an inflow of 149 million yuan; the 10-year bond had a scale of 409 million yuan, a 0.20% decline, and no net inflow; the 5 - 10-year bond had a scale of 3.8952 billion yuan, a 0.26% decline, and an outflow of 302 million yuan [12]. Commodity Index Funds - **Commodity Performance**: Gold had a fund scale of 7.0887 billion yuan, a 2.33% increase, and an inflow of 2.095 billion yuan; soybean meal had a scale of 419.3 million yuan, a 0.75% increase, and an inflow of 12 million yuan; non-ferrous metals had a scale of 74.5 million yuan, a 1.40% increase, and an inflow of 7.7 million yuan [12]. Index-Enhanced Funds - **Index Enhancement Performance**: The Shanghai Composite 50 index-enhanced fund had a scale of 76 million yuan, a 0.99% increase, and no net inflow; the CSI 300 had a scale of 320.9 million yuan, a 1.30% increase, and an outflow of 108 million yuan; the CSI 500 had a scale of 197.8 million yuan, a 2.72% increase, and an inflow of 21.6 million yuan [12].

Group 1 - The core point of the article highlights the performance and recent trading activity of the Hong Kong Consumption ETF managed by E Fund, which experienced a slight decline of 0.28% on September 11, with a trading volume of 41.4958 million yuan [1] - The fund's total shares decreased by 3 million, bringing the latest total to 567 million shares, while it saw an increase of 76 million shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated to be 792 million yuan, and since its establishment on March 14, 2022, it has achieved a return of 39.70%, with a one-month return of 4.91% [1] Group 2 - The performance benchmark for the Hong Kong Consumption ETF is the CSI Hong Kong Stock Connect Consumption Theme Index return, adjusted using the valuation exchange rate [1] - The fund is managed by E Fund Management Co., Ltd., with Liu Shurong as the fund manager [1]

Report Information - Report Title: Weekly Report on Capital Flows of Exchange-Traded Index Funds [1] - Data Date: August 18 - 22, 2025 [1] - Analyst: Jin Ling [1] - Report Date: August 28, 2025 [1] Core Findings Domestic Passive Equity Funds - Different index funds showed varying performance in terms of fund size, weekly returns, and net weekly capital inflows. For example, the Shanghai - Shenzhen 300 index fund had a size of 983.449 billion yuan, a weekly return of 4.27%, and a net weekly capital outflow of 34.74 billion yuan; while the ChiNext Index fund had a size of 126.448 billion yuan, a weekly return of 5.81%, and a net weekly capital inflow of 22.61 billion yuan [4]. Overseas Index Funds - International index funds also had diverse performance. The Nasdaq 100 index fund had a size of 78.421 billion yuan, a weekly return of -3.08%, and a net weekly capital inflow of 7.78 billion yuan; the S&P 500 index fund had a size of 20.837 billion yuan, a weekly return of -1.63%, and a net weekly capital outflow of 1.44 billion yuan [5]. Bond Funds - Bond funds had different performance based on factors such as maturity and credit rating. The 30 - year bond fund had a size of 8.969 billion yuan, a weekly return of -1.25%, and a net weekly capital inflow of 59.60 billion yuan; the short - term financing bond fund had a size of 29.341 billion yuan, a weekly return of 0.01%, and a net weekly capital outflow of 28.50 billion yuan [6]. Commodity Funds - Commodity funds, including gold, soybean meal, and others, also had distinct performance. The gold fund had a size of 70.887 billion yuan, a weekly return of -0.29%, and a net weekly capital outflow of 0.94 billion yuan; the energy and chemical fund had a size of 2.93 billion yuan, a weekly return of 0.76%, and a net weekly capital inflow of 0.88 billion yuan [6]. Index - Enhanced Funds - Index - enhanced funds based on different indices had different performance. The CSI 500 index - enhanced fund had a size of 1.978 billion yuan, a weekly return of 3.76%, and a net weekly capital inflow of 0.12 billion yuan; the ChiNext Index - enhanced fund had a size of 0.469 billion yuan, a weekly return of 5.46%, and a net weekly capital outflow of 0.04 billion yuan [6].

Group 1 - The Hong Kong consumer sector showed positive performance in early trading, with new consumption "three sisters" continuing to rise, including Pop Mart up over 1%, and Lao Pu Gold up 0.6% [1] - The CSI Hong Kong Stock Connect Consumer Theme Index (931454) rose by 1.21%, with notable increases in stocks such as Yu Wen Group up 7.00%, Kuaishou-W up 6.07%, and Budweiser APAC up 3.80% [1] - The Hong Kong Consumer ETF (513590) increased by 1.18%, marking a three-day consecutive rise, with the latest price at 0.95 HKD [2] Group 2 - Tmall reported that during the first phase of the 618 shopping festival, the total transaction amount for home appliances, digital products, and other categories participating in national subsidies increased by 283% compared to last year's Double 11 [2] - JD.com indicated that over 500 million consumers placed orders during its shopping season, with nearly 80,000 brands seeing their transaction amounts double year-on-year [2] - Yu Wen Group announced plans to acquire a 26.67% stake in the animation production company Yihua Kaitian for 325 million RMB, increasing its total stake to approximately 31.48% [2] Group 3 - As of May 30, 2025, the top ten weighted stocks in the CSI Hong Kong Stock Connect Consumer Theme Index (931454) accounted for 76.06% of the index, including Alibaba-W, Tencent Holdings, Xiaomi Group-W, and Meituan-W [3]