1. Report Industry Investment Rating - No information about the industry investment rating is provided in the report. 2. Core Viewpoints of the Report - The report focuses on the performance and fund flow of the ETF fund market in the week from March 9th to March 13th, including overall market, different popular segments, and innovative themes and sub - industries, to provide reference for investors [1]. 3. Summary by Relevant Catalogs 3.1 ETF Market Overall Performance - **Market Performance**: Stock ETFs showed mixed performance. Hong Kong mid - stream manufacturing ETFs led in gains, with an average increase of 3.15% for funds above a certain scale. In contrast, Shanghai - Hong Kong - Shenzhen theme ETFs, Hong Kong pharmaceutical and biotech ETFs, and Hong Kong consumer ETFs led in losses, with average declines of 3.19%, 3.09%, and 2.96% respectively for funds above a certain scale [2][6]. - **Fund Flow**: Funds mainly flowed into A - share mid - stream manufacturing ETFs, with a net inflow of 8.996 billion yuan throughout the week. Conversely, A - share large - cap and bond ETFs had net outflows of 12.475 billion yuan and 9.938 billion yuan respectively [3][8]. 3.2 Different Popular Segmented Type ETF Funds Market Performance - **A - share ETFs**: Include various types such as broad - based index (full - market, large - cap/super large - cap, small - and medium - cap, science and technology/growth enterprise board), industry (TMT, mid - stream manufacturing, consumption, pharmaceutical and biotech, cycle, finance and real estate), SmartBeta (value, growth, dividend, free cash flow), and theme ETFs. Each type has different performance in terms of weekly fund flow, weekly return, recent 1 - month return, and year - to - date return [16][17][18]. - **Hong Kong ETFs**: Include broad - based index, industry (TMT, mid - stream manufacturing, consumption, pharmaceutical and biotech, finance and real estate), SmartBeta (dividend), and theme ETFs, with different performance in various aspects [31][32][33]. - **Shanghai - Hong Kong - Shenzhen ETFs**: Include industry and theme ETFs, with different performance in terms of weekly fund flow, weekly return, recent 1 - month return, and year - to - date return [36][37]. - **US ETFs**: Include broad - based index and industry ETFs, with different performance in various aspects [38][39]. - **Other QDII - ETFs (excluding Hong Kong/US)**: Include funds tracking different markets, with different performance in terms of weekly fund flow, weekly return, recent 1 - month return, and year - to - date return [40]. - **Bond ETFs**: Different bond ETFs have different performance in terms of weekly fund flow, weekly return, recent 1 - month return, and year - to - date return [41]. - **Commodity ETFs**: Different commodity ETFs have different performance in terms of weekly fund flow, weekly return, recent 1 - month return, and year - to - date return [42]. 3.3 Innovative Themes and Sub - industry ETF Funds Market Performance - **TMT Innovation Themes**: Different TMT - related themes such as 5G communication, consumer electronics, etc., have different weekly and year - to - date returns, and the performance of representative funds is also different [44]. - **Consumption Sub - industries**: Include agriculture, animal husbandry and aquaculture, etc., with different weekly and year - to - date returns, and the performance of representative funds is also different [45]. - **Pharmaceutical Sub - industries**: Include medical devices, healthcare, etc., with different weekly and year - to - date returns, and the performance of representative funds is also different [46]. - **New Energy Themes**: Include low - carbon economy, new energy, etc., with different weekly and year - to - date returns, and the performance of representative funds is also different [47][48]. - **Central and State - owned Enterprise Themes**: Include state - owned enterprise dividends, central enterprise modern energy, etc., with different weekly and year - to - date returns, and the performance of representative funds is also different [48]. - **Steady - growth Themes**: Include coal, infrastructure projects, etc., with different weekly and year - to - date returns, and the performance of representative funds is also different [49]. - **Shanghai - Hong Kong - Shenzhen/Hong Kong Stock Connect Sub - industries**: Include Hong Kong Stock Connect technology, Shanghai - Hong Kong - Shenzhen technology, etc., with different weekly and year - to - date returns, and the performance of representative funds is also different [50]. - **Dividend/Dividend Low - volatility Index Families**: Different dividend - related indices have different weekly and year - to - date returns, and the performance of representative funds is also different [51]. - **Science and Technology/Growth Enterprise Board Index Families**: Different indices in this family have different weekly and year - to - date returns, and the performance of representative funds is also different [52].

Group 1 - The Cash Flow All Index ETF (563780.SH) experienced a rise of 0.91% on January 22, 2026, with a trading volume of 18.5178 million yuan [1] - The fund saw a net outflow of 7.9596 million yuan, ranking first among comparable funds [1] - Over the past 30 trading days, the fund had 18 days of net outflows, totaling 13.2316 million yuan, placing it among the top in comparable funds [1] Group 2 - The latest share count of the fund decreased by 6 million shares, falling below 310 million shares, marking a new low in nearly one month [1] - The fund's latest scale dropped below 410 million yuan [1]

Report Industry Investment Rating No information provided in the text. Core Viewpoints This report focuses on the performance of the ETF fund market, summarizing the past week's performance and fund flows of the ETF fund market, different popular segment type ETF funds, and innovative theme and segment industry ETF funds for investors' reference [1]. Summary by Directory I. ETF Market Overall Performance - **Market Performance**: From September 29th to October 10th, the stock ETFs showed a differentiated trend. The Shanghai-Hong Kong-Shenzhen theme ETFs and A-share cyclical ETFs had relatively high increases, with the average increase of funds above a certain scale being 10.42% and 8.30% respectively. In contrast, the Shanghai-Hong Kong-Shenzhen industry ETFs and Hong Kong stock consumption ETFs had slight declines, with the average decline of funds above a certain scale being 1.38% and 1.00% respectively [2][5]. - **Fund Flows**: Funds flowed significantly into A-share TMT ETFs and A-share midstream manufacturing ETFs, with net inflows of 16.341 billion yuan and 14.410 billion yuan respectively throughout the week. Conversely, A-share theme ETFs and Hong Kong stock broad-based ETFs had slight outflows, with net outflows of 1.160 billion yuan and 697 million yuan respectively throughout the week [3][8]. II. Different Popular Segment Type ETF Funds Market Performance - **A-share ETFs**: Various segment types of A-share ETFs, including broad-based index (full market, large-cap/super large-cap, small and mid-cap, science and technology/growth enterprise board), industry (TMT, new energy vehicle battery, consumer, pharmaceutical and biological, cyclical, financial and real estate), SmartBeta (value, growth, dividend, free cash flow), and theme, showed different performances in terms of weekly fund flows, weekly returns, recent 1-month returns, and year-to-date returns [16][17][18]. - **Hong Kong Stock ETFs**: Different segment types of Hong Kong stock ETFs, such as broad-based index, industry (TMT, midstream manufacturing, consumer, pharmaceutical and biological, financial and real estate), SmartBeta (dividend), and theme, also had different performance characteristics in terms of fund flows and returns [31][32][33]. - **Shanghai-Hong Kong-Shenzhen ETFs**: The industry and theme Shanghai-Hong Kong-Shenzhen ETFs had their own performance trends in terms of fund flows and returns [36][37]. - **US Stock ETFs**: US stock ETFs, including broad-based index and industry, showed different performance in terms of fund flows and returns [38][39]. - **Other QDII-ETFs**: Other QDII-ETFs (excluding Hong Kong and US stocks) had their own performance in terms of fund flows and returns [40]. - **Bond ETFs**: Bond ETFs had different performance in terms of fund flows and returns [41]. - **Commodity ETFs**: Commodity ETFs, mainly gold ETFs, showed similar performance trends in terms of fund flows and returns [42]. III. Innovative Theme and Segment Industry ETF Funds Market Performance - **TMT Innovative Theme**: Different TMT innovative themes, such as software, Internet of Things, and artificial intelligence, had different weekly and year-to-date returns [44]. - **Consumer Segment Industry**: Consumer segment industries, including tourism, household appliances, and food and beverage, showed different performance in terms of weekly and year-to-date returns [45]. - **Pharmaceutical Segment Industry**: Pharmaceutical segment industries, such as medical care, medical devices, and traditional Chinese medicine, had different performance in terms of weekly and year-to-date returns [46]. - **New Energy Theme**: New energy themes, including power utilities, green power, and new energy vehicles, showed different performance in terms of weekly and year-to-date returns [47][48]. - **Central and State-owned Enterprise Theme**: Central and state-owned enterprise themes, such as central enterprise modern energy, state-owned enterprise Belt and Road, and central enterprise science and technology leadership, had different performance in terms of weekly and year-to-date returns [48]. - **Steady Growth Theme**: Steady growth themes, including non-ferrous metals, rare earth industry, and infrastructure projects, showed different performance in terms of weekly and year-to-date returns [49]. - **Shanghai-Hong Kong-Shenzhen/Hong Kong Stock Connect Segment Industry**: Shanghai-Hong Kong-Shenzhen/Hong Kong Stock Connect segment industries, such as Hong Kong securities, Hong Kong Stock Connect technology, and Hong Kong Stock Connect consumption, had different performance in terms of weekly and year-to-date returns [50]. - **Dividend/Dividend Low Volatility Index Family**: Different dividend/dividend low volatility index family members, such as Shenzhen dividend, dividend low volatility 100, and CSI dividend, had different performance in terms of weekly and year-to-date returns [51]. - **Science and Technology/Growth Enterprise Board Index Family**: Science and technology/growth enterprise board index family members, such as Science and Technology 100, Science and Technology Chip, and Growth Enterprise Board Blue Chip, had different performance in terms of weekly and year-to-date returns [52].

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report The report focuses on the performance of the ETF fund market, summarizing the performance and capital flows of the overall ETF fund market, different popular sub - type ETF funds, and innovative theme and sub - industry ETF funds in the past week (August 4 - August 8, 2025) to provide references for investors [1]. 3. Summary by Related Catalogs 3.1 ETF Market Overall Performance - **Market Performance**: Most A - share - focused ETFs rose this week. Defense and military industry ETFs had the largest increase, with an average increase of 5.08% for funds above a certain scale, while pharmaceutical and biological ETFs had the deepest decline, with an average decrease of 0.91% for funds above a certain scale [2][6]. - **Capital Flow**: Funds continued to flow into Hong Kong stock ETFs significantly, with a net inflow of 12.342 billion yuan throughout the week. Conversely, the most capital flowed out of science and technology innovation/growth enterprise board - related index ETFs, with a net outflow of 3.945 billion yuan throughout the week [3][8]. 3.2 Different Popular Sub - type ETF Funds Market Performance - **Stock ETF - Broad - based Index**: Different broad - based index ETFs showed various performance in terms of capital flow, weekly increase/decrease, and performance in the past month and since the beginning of the year. For example, in the super - large - cap index, the China AMC SSE 50 ETF had a weekly net capital outflow of 2.243 billion yuan and a weekly increase of 1.18% [16]. - **Stock ETF - Industry Theme**: Different industry - themed ETFs also had different performances. For instance, in the TMT sector, the Harvest SSE STAR Market Chip ETF had a weekly net capital inflow of 406 million yuan and a weekly increase of 1.32% [22]. - **Bond ETF, QDII ETF, Commodity ETF**: Each type of ETF had its own characteristics in terms of capital flow and performance. For example, the Haitong Fortune CSI Short - term Financing Bond ETF in the bond ETF category had a weekly net capital inflow of 4.023 billion yuan and a weekly increase of 0.04% [30]. 3.3 Innovative Theme and Sub - industry ETF Funds Market Performance - **TMT Innovation Theme**: The animation and gaming index had a weekly increase of 6.41% and an increase of 35.09% since the beginning of the year. The China AMC Gaming ETF, representing this index, had a weekly increase of 6.25% [34]. - **Other Themes**: Other themes such as consumer sub - industries, pharmaceutical sub - industries, new energy themes, central and state - owned enterprise themes, and stable - growth themes also had their respective performance data in terms of weekly increase/decrease and performance since the beginning of the year [35][36][37].