Core Insights - The article highlights the performance of various ETFs, particularly the Tianhong ChiNext ETF (159977), which has seen a significant increase in both price and trading volume, indicating strong investor interest and market momentum [3][4]. Product Highlights - The Tianhong ChiNext ETF (159977) has risen by 2.99% with a trading volume of 138 million yuan, benefiting from the performance of key stocks like Sungrow Power (300274) which increased by 15.44% [3]. - Over the past three months, the Tianhong ChiNext ETF has grown by 582 million yuan in scale and has added 2.081 billion shares, leading among comparable funds [3]. - The Tianhong A500 ETF (159360) covers 35 secondary industries and tracks 500 core assets of the Chinese economy, providing a balanced investment strategy to mitigate rotation risks [3]. Industry Context - The ChiNext Index is positioned as a key player in China's emerging industries, benefiting from improved Sino-U.S. relations, which may attract more incremental capital [3]. - The article suggests that as the A-share market enters a bull market phase, broad-based ETFs are becoming the optimal choice for retail investors to capitalize on growth opportunities [3]. Related Products - The article lists several related ETFs, including the Tianhong Sci-Tech Index ETF (589860), which covers 97% of the Sci-Tech board's market value and focuses on strategic emerging industries such as semiconductors and AI [4]. - Other mentioned products include the Tianhong ChiNext ETF (159977) and the Tianhong A500 ETF (159360), along with their respective off-market connections [4]. Market Events - A significant upcoming event is the scheduled meeting between U.S. and Chinese leaders in Busan, South Korea, which is expected to address strategic issues affecting bilateral relations [4]. - The article notes that recent developments, including the 20th National Congress of the Communist Party and expectations from the APEC summit, may enhance short-term risk appetite in the A-share market [4].

【热点事件】 上证指数突破4000点大关，航空航天从未缺席每一轮超过4000点的牛市行情：2007年沪指第一次站上4000点后，国证航空航天指数上涨38.08%。2015年沪 指第二次站上4000点后，国证航空航天指数上涨66.26%。 【机构观点】 中信建投证券指出，在重要会议公报中，把发展实体经济作为经济发展的着力点，特别提出了航天强国，把高水平科技自立自强，引领发展新质生产力放在 突出位置，重点提出要坚持把发展经济的着力点放在实体经济上，坚持智能化、绿色化、融合化方向，加快建设制造强国、质量强国、航天强国、交通强 国、网络强国，保持制造业合理比重，构建以先进制造业为骨干的现代化产业体系。要优化提升传统产业，培育壮大新兴产业和未来产业，促进服务业优质 高效发展，构建现代化基础设施体系。 【更多产品】 | 之 宽基 | | | | --- | --- | --- | | 159977 | 创业板ETF天弘 | 创业板 | | 589860 | 科创综指ETF天弘 | 科创板 | | 159360 | 中证A500ETF天弘 | A股风向标 | | ~ 行业 | | | | 520920 | 恒生科技ETF天 ...

Core Insights - The Aerospace ETF Tianhong (159241) has shown a 0.77% increase as of October 27, 2025, with a trading volume of 64.86 million yuan, indicating active market participation [3] - The ETF closely tracks the Guozheng Aerospace Index, with a high concentration of 98.2% in the military industry, covering key sectors such as aerospace equipment, satellite navigation, and new materials [3] - Recent developments include the third CATA Aviation Conference held in Beijing, focusing on the integration of transport and general aviation, and the launch of a national low-altitude economy skills competition [3][4] Product Highlights - The Aerospace ETF Tianhong (159241) is recognized for its high purity in military exposure, featuring leading companies in the aerospace sector, including those involved in large aircraft development and commercial space [3] - The ETF has seen a net inflow of 10.38 million yuan over the last three days, reflecting investor confidence [3] Industry Trends - The Civil Aviation Administration of China indicated a shift in the aviation sector towards optimizing existing resources while enhancing quality and efficiency during the 14th Five-Year Plan [4] - CICC highlighted the strategic importance of the aerospace industry, noting its elevated status following the Fourth Plenary Session, which emphasizes the development of a modern industrial system [5] - The commercial aerospace sector, including satellite internet and BeiDou navigation, is expected to accelerate during the 14th Five-Year Plan, driven by international competition [5]

2025年10月27日，A股三大指数强势上行，沪指一度涨至3999.07，距离4000点仅差0.93，再度刷新近十年新高！ 截至收盘，创业板ETF天弘(159977)收涨2.07%，实现日线三连阳，成交1.26亿元。跟踪指数成分股江波龙(301308)上涨19.82%，胜宏科技(300476)上涨 10.14%，湖南裕能(301358)上涨8.99%，新易盛(300502)，天孚通信(300394)等个股跟涨。 截至10月24日，创业板ETF天弘(159977)近3月份额增长21.85亿份，实现显著增长，新增份额位居可比基金第一。 【产品亮点】 创业板ETF天弘(159977)，对应场外联接(A：001592；C：001593；Y：022960)； 中证A500ETF天弘(159360)，对应场外联接(A：022428；C：022429；Y：022966)； 科创综指ETF天弘(589860)，对应场外联接(A：023721；C：023722)。 借助宽基ETF一键配置A股上行机遇： 创业板ETF天弘(159977)跟踪的创业板指数，当前处于历史中枢附近，成长性相对突出。创业板自2021年7月以来回调近3年， ...

综合来看，通过相关ETF基金来布局往往是市场更加认同的稳健策略。比如航空航天ETF天弘(159241)跟踪指数国证航天指数，堪称可以一键实现"军工+卫 星"双轮驱动，其在申万一级行业分类中，与国防军工权重占比高达98.2%，是全市场最"纯"军工指数，同时该指数与低空经济、卫星互联网、商业航天等热 门主题高度契合——与申万二级行业的"航空装备+航天装备"权重合计超68%，与军民融合含量高达76.55%，与大飞机和低空经济的含量也均超50%。 【热点事件】 据报道，近日，东部战区空军多支部队开展实战化训练，检验部队对重点区域侦察预警、空中封锁、精准打击等能力。数架歼-10以战斗编队飞赴某目标空 域，多架轰-6K赴台岛周边海空域展开模拟对抗训练。在官方发布的视频中，来自东部战区空军航空兵某旅的相关负责人表示，部队守卫海空安全，维护祖 国统一的实战能力加速提升。 【机构观点】 信达证券指出，景气反转+价值重估+事件催化，2025年或将是"双周期共振，产业大拐点，军工投资大年"。1）景气反转：我们认为，自2025Q2起，火炬电 子/宏达电子/鸿远电子等上游电子元器件业绩明显改善，标志行业大拐点已现，我们预计，军工板块业 ...

截至2025年10月27日 09:31，创业板ETF天弘(159977)上涨1.58%，成交额迅速走阔。跟踪指数成分股南大光电(300346)上涨8.68%，湖南裕能(301358)上涨 7.95%，乐普医疗(300003)上涨6.25%，菲利华(300395)，康龙化成(300759)等个股跟涨。 截至2025年10月24日，创业板ETF天弘(159977)近1周累计上涨7.87%。创业板ETF天弘(159977)近3月份额增长21.85亿份，实现显著增长。 【产品亮点】 创业板ETF天弘(159977)跟踪的创业板指是4月8日以来表现最猛的宽基指数，截至10月23日累计上涨75.50%，截至10月26日回调4.54%，回调幅度低于科创 类指数。创业板指数以新能源产业为引领，全面覆盖高端制造、信息科技、生物医药等中国具有全球竞争优势的战略性新兴产业领域，该指数最新市盈率为 43.51倍，处于上市以来41.75%分位点，估值处宽基指数最低。 【相关产品】 创业板ETF天弘(159977)，对应场外联接(A：001592；C：001593；Y：022960)。 【热点事件】 10月25日至26日，中美代表在马来 ...

截至2025年10月24日 13:09，食品饮料ETF天弘(159736)回调蓄势，成交2135.22万元。跟踪指数成分股方面涨跌互现，佳禾食品(605300)领涨3.27%，汤臣倍 健(300146)上涨2.99%，粤桂股份(000833)上涨2.84%。 值得一提的是，食品饮料ETF天弘(159736)盘中再获资金逆市布局，截至目前，该基金净申购份额已达1800万份。 | | 食品饮料ETF天弘 159736 | ਕੋ | | --- | --- | --- | | | 通 融 △ ○ + | | | 实时申购赎回信息 | 申购 | 赎回 | | 筆数 | 9 | 0 | | 金额 | 0 | 0 | | 份额 | 1800万 | 0 | 拉长时间看，截至10月23日，食品饮料ETF天弘(159736)最新份额达78.04亿份，创近1年新高。 从资金净流入方面来看，食品饮料ETF天弘(159736)近7天获得连续资金净流入，最高单日获得2163.40万元净流入，合计"吸金"7661.88万元。 截至2025年10月24日 13:16，中证A500ETF天弘(159360)上涨1.05%，成交3739.99 ...

上海金ETF(159830)，对应场外联接基金（联接A：014661，联接C：014662）。 中证A500ETF天弘(159360)，对应场外联接(A：022428；C：022429；Y：022966) 截至2025年10月15日 10:53，上海金ETF(159830)盘中涨超2%，现涨1.92%，冲击3连涨，成交3058.99万元。 拉长时间看，截至10月14日，上海金ETF(159830)最新份额达1.59亿份，创近1月新高。资金流入方面，上海金ETF(159830)最新资金净流入1131.09万元。拉 长时间看，近4个交易日内，合计"吸金"2233.28万元。 【产品亮点】 上海金ETF(159830)紧密跟踪上海金（SHAU.SGE）；费率方面，上海金ETF（159830）管理费率0.25%，基金托管费率为0.05%，均低于同标的产品平均水 平，同时该ETF支持T+0交易。 中证A500ETF天弘(159360)覆盖35个二级行业，跟踪的500只成份股汇集中国经济的核心资产，是均衡配置的压舱石，有效对冲轮动风险。 【相关产品】 【热点事件】 1、鲍威尔释放双重信号，QT 计划或近尾声，未打压 10 ...

截至2025年10月14日 09:47，中证A500ETF天弘(159360)上涨0.97%，成交578.75万元。跟踪指数成分股三环集团(300408)上涨12.67%，天合光能(688599)上涨 12.20%，东方日升(300118)上涨10.84%，衢州发展(600208)上涨10.11%，包钢股份(600010)上涨10.04%。 【产品亮点】 上海金ETF(159830)紧密跟踪上海金（SHAU.SGE）；费率方面，上海金ETF（159830）管理费率0.25%，基金托管费率为0.05%，均低于同标的产品平均水 平，同时该ETF支持T+0交易。 中证A500ETF天弘(159360)覆盖35个二级行业，跟踪的500只成份股汇集中国经济的核心资产，是均衡配置的压舱石，有效对冲轮动风险。 截至2025年10月14日 09:44，上海金ETF(159830)上涨2.16%，盘中价格创上市以来新高，成交1285.24万元。 拉长时间看，截至10月13日，上海金ETF(159830)最新份额达1.58亿份，创近1月新高。 资金流入方面，上海金ETF(159830)最新资金净流入1102.20万元。拉长时间看 ...

Core Insights - The Securities ETF (159841) has seen a significant increase in its scale, reaching a new high of 9.742 billion yuan as of October 10, 2025, with a notable growth of 325 million shares over the past two weeks [3] - The ETF has experienced a net inflow of 101 million yuan recently, with 13 out of the last 15 trading days showing net inflows totaling 1.477 billion yuan [3] - The leverage funds are actively positioning themselves, with a financing net purchase amount of 11.064 million yuan on the previous trading day and a latest financing balance of 403 million yuan [3] Product Highlights - The securities sector is characterized by strong beta attributes, closely linked to the performance of the capital market, making it a "bull market flag bearer" [3] - Historical data indicates that during market rebounds, the securities sector significantly outperforms the broader market, suggesting that investors should focus on the Securities ETF (159841) to seize opportunities [3] Market Trends - The A-share market has shown increased trading activity, with the average daily stock trading volume surpassing 2.4 trillion yuan in September, marking a year-on-year increase of 203% and a month-on-month increase of 5% [5] - The margin financing balance has also steadily risen, exceeding 2.3 trillion yuan at the end of September, reflecting a year-on-year growth of 71% [5] - The first three quarters of 2025 are expected to see a 53.1% year-on-year increase in net profit attributable to the parent company for listed securities firms, with the third quarter likely to show an even larger growth rate of 58% [5] Institutional Perspectives - Huajin Securities maintains a long-term view of a slow bull trend in A-shares, with short-term sentiment pressures expected [4] - The structural recovery of A-share profits and potential credit recovery are seen as key factors supporting this trend [4] - The current low valuation of the brokerage sector, combined with active trading and policy support, enhances its attractiveness for institutional investors [5]