Wind数据显示，截至11月21日，全市场1262只股票ETF（含跨境ETF）总规模为4.47万亿元。规模缩水主要受大盘下跌影响。 记者按照区间成交均价测算发现，11月21日股票ETF整体净流入资金高达407.57亿元，"抄底资金"逢低加仓。 从大类型来看，11月21日，宽基ETF与行业主题ETF净流入居前，分别达272.7亿元与73.57亿元。 宽基板块"吸金"十分显著。具体来看，跟踪沪深300指数的ETF单日净流入金额达48.9亿元、跟踪中证500指数的ETF净流入金额达39亿元、跟踪科创板50 指数的ETF净流入金额达38.6亿元、跟踪创业板指数的ETF净流入金额达37.8亿元、跟踪中证1000指数的ETF净流入金额为33.3亿元。 按宽基ETF单一产品看，易方达基金旗下创业板ETF单日净流入达27.87亿元，上周合计净流入46亿元。华夏基金旗下科创50ETF和中证1000ETF单日净流 入分别达24.04亿元和10.59亿元，最新规模分别达719.39亿元和439.81亿元，对应跟踪指数近一月日均成交额分别为41.79亿元和3.76亿元。 从近5日角度观测，近期资金流入恒生科技指数超105亿元，中证5 ...

Group 1 - The 30-year government bond ETF from Bosera has seen a price increase of 0.27%, reaching 106.1 yuan as of October 16, 2025, with a cumulative increase of 2.60% over the past year [3] - The liquidity of the Bosera 30-year government bond ETF is notable, with a turnover rate of 7.39% and a transaction volume of 1.304 billion yuan, while the average daily transaction volume over the past month was 3.716 billion yuan [3] - The Ministry of Finance successfully issued 11 billion yuan of government bonds in Hong Kong, with a subscription multiple of 3.13 times, indicating strong investor interest [3] Group 2 - The National Bureau of Statistics reported a 0.1% month-on-month increase in China's CPI for September, with a year-on-year decrease of 0.3%, while the core CPI rose by 1%, marking the first return to a 1% increase in 19 months [3] - The PPI remained flat month-on-month and decreased by 2.3% year-on-year, with the decline narrowing by 0.6 percentage points compared to the previous month [3] - The issuance of RMB bonds in Hong Kong is expected to enhance the use and influence of the RMB in international financial markets, promoting the internationalization of the currency [3] Group 3 - Citic Securities noted that public funds currently hold nearly 40% of convertible bonds, a historical high, driven by the growth of passive ETF shares [4] - The latest scale of the Bosera 30-year government bond ETF reached 17.621 billion yuan, closely tracking the Shanghai Stock Exchange's 30-year government bond index [4] - The index reflects the overall performance of government bonds with a 30-year maturity listed on the Shanghai Stock Exchange [4]

Group 1 - The core viewpoint indicates that after a period of adjustment, the equity market has resumed its upward trend, with the Shenzhen Composite Index and the ChiNext Index reaching new highs for the year [2][10][11] - The market's overall performance has not shown signs of decline despite recent fluctuations, with trading volume remaining above 2 trillion yuan, reflecting strong short-term market sentiment [2][10][11] - Positive macroeconomic indicators, such as recovering PPI data and strong core CPI, along with stable industrial output and retail sales, have provided a solid foundation for market growth [2][10][11] Group 2 - The report emphasizes the importance of core sectors, particularly in the context of a structural market rally driven by performance expectations in the technology innovation sectors [3][11][13] - It suggests a "barbell strategy" for asset allocation, recommending continued investment in strong concepts within the innovation sectors like chips and robotics while also considering defensive positions in metals and gold [5][14] - The report highlights that the current market environment remains favorable for strong sectors, with liquidity at high levels and a lack of negative factors in the medium to long term [3][11][14] Group 3 - The bond market is experiencing a decline as funds flow into equities, making it less attractive for investors, with a recommendation to consider flexible short-term bonds to hedge risks [6][36] - In the commodity market, gold stands out as a strong performer amidst a generally volatile environment, with ongoing central bank purchases reinforcing its investment appeal [7][37] - The report advises maintaining gold positions in the short term while adopting a wait-and-see approach for the medium to long term [8][38]