2025 年 12 月 9 日 总量研究 周期主题基金表现占优，股票型 ETF 资金小幅流入 ——基金市场与 ESG 产品周报 20251209 要点 市场表现综述：大类资产方面，本周（下文如无特殊说明，本周均指代 2025.12.1-2025.12.5）国内权益市场指数普遍上涨，创业板指上涨 1.86%。 行业方面，本周有色金属、通信、国防军工行业涨幅居前，传媒、房地产、 美容护理行业跌幅居前。基金市场方面，本周股混基金净值上涨，股票指数 型基金上涨 0.92%。 基金产品发行情况：本周国内市场新成立基金 39 只，合计发行份额为 365.89 亿份。其中债券型基金 8 只、股票型基金 15 只、FOF 基金 5 只、混 合型基金 9 只、货币市场型基金 2 只。全市场新发行基金 43 只，从类型来 看，股票型基金 18 只、混合型基金 14 只、债券型基金 9 只、FOF 基金 2 只。 基金产品表现跟踪：长期行业主题基金指数表现来看，本周周期主题基金表 现占优，消费、医药主题基金净值回调。截至 2025 年 12 月 5 日，周期、国 防军工、金融地产、行业轮动、行业均衡、TMT、新能源、消费、医药主题 ...

Core Viewpoint - Chile's Ministry of Finance has updated its Sustainable Linked Bond (SLB) framework, incorporating biodiversity protection as a key performance indicator (KPI), setting a new benchmark for ESG finance in Latin America [1] Group 1: Framework Objectives - The new framework sets two main goals: to increase the proportion of protected land areas from 21.6% to 30% by 2030, and to ensure that 10% of these protected areas meet international management standards [1] Group 2: SLB Characteristics - Unlike traditional green bonds, SLBs do not restrict the use of funds but incentivize issuers to achieve ESG goals through an interest rate adjustment mechanism [1] Group 3: Economic Impact - The Chilean government indicates that these bonds have led to reduced financing costs and attracted a diverse range of investors, demonstrating tangible benefits [1] Group 4: Private Sector Development - The new framework clarifies the ESG strategic direction for the corporate sector, facilitating the development of more green financial products [1] Group 5: Regional Leadership - Experts highlight that Chile has successfully aligned national development goals with international standards through public-private collaboration, providing a model for emerging markets that balances economic growth with environmental protection, thereby reinforcing its leadership in regional climate finance [1]