Core Insights - The report highlights that the HuShen 300 ETF (510300) achieved a profit of 8.1 billion yuan in the first half of 2025, making it the only public fund in the A-share market to exceed 8 billion yuan in profit during this period [1] - The ETF's scale reached 419.6 billion yuan, making it the only ETF in the market with a scale over 400 billion yuan, reflecting strong market confidence and liquidity [1] - The ETF has maintained an average daily trading volume of over 5.2 billion yuan over the past year, indicating its popularity among investors [1] Market Trends - The report notes a recovery in the domestic economic fundamentals and an increase in the A-share market's profitability, leading to a trend of market funds focusing on high-quality core assets [1] - Since August 5, the margin balance in the A-share market has remained above 2 trillion yuan, further boosting market confidence and trading activity [1] Fund Performance - The HuShen 300 ETF has distributed dividends 13 times since its inception, with a total dividend amount of 8.394 billion yuan in 2025 alone, setting a record for the highest single dividend distribution for domestic ETFs [1] - The total cumulative dividends since its establishment amount to 16.576 billion yuan [1] Investor Engagement - As of the mid-2025 report, the HuShen 300 ETF has over 670,000 account holders, making it the only ETF tracking the HuShen 300 index with over 200,000 account holders, indicating strong investor recognition [1] - The management and custody fees for the HuShen 300 ETF are among the lowest in the market at 0.15% and 0.05% per year, respectively, providing a cost-effective option for investors [1]

Group 1 - The core index, the CSI A500, experienced a slight decline of 0.1% as of 13:40, with related ETFs achieving a total trading volume exceeding 10 billion yuan, leading the market [1] - The A500 ETF managed by E Fund (159361) saw a net inflow of over 3 billion yuan in the past month, ranking first among similar products [1] - The General Administration of Customs reported that China's total goods trade import and export value reached 25.7 trillion yuan in the first seven months, reflecting a year-on-year growth of 3.5% [1] Group 2 - In July, China's total goods trade import and export value was 3.91 trillion yuan, with a year-on-year growth of 6.7%, indicating an acceleration in trade growth [1] - The CSI A500 index consists of 500 stocks with large market capitalization and good liquidity, representing the overall performance of key stocks across various industries [1] - The management fee rate for the A500 ETF by E Fund is only 0.15% per year, providing investors with a low-cost option to allocate to core A-share assets [1]

Core Viewpoint - The total scale of ETFs has reached a historical high, indicating strong demand for core assets in the A-share market and reflecting confidence in China's economic recovery [1] Group 1: ETF Market Performance - As of June 27, the total scale of ETFs approached 4.3 trillion yuan, marking a significant increase since early April when it stabilized at 4 trillion yuan [1] - The scale of stock ETFs has officially surpassed 3 trillion yuan, highlighting a growing trend in this segment [1] Group 2: Market Sentiment - The continuous increase in stock ETF scale suggests enhanced demand for core asset allocation in the A-share market [1] - The growth in ETF scale is seen as a deeper reflection of market confidence in the recovery of the Chinese economy [1]