证券研究报告 交易型指数基金资金流向周报 数据日期：2025/8/11-2025/8/15 长城证券产业金融研究院 基金研究 分析师：金铃 执业证书编号：S1070521040001 报告日期：2025年8月20日 交易型指数基金资金流向 www.cgws.com | 投资类型 | 大 类 | 所属概念 | 板 块 | 基金规模 | 周涨跌幅 | 周资金净买 | 今年以来周涨跌幅 | 今年以来周资金流向 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | (亿元) | (%) | 入额(亿元) | 走势图 | 走势图 | | | | 30年 | | 89.69 | -1.53 | 40.46 | | | | | | 10年 | | 40.90 | -0.31 | 0.24 | | | | | | 5-10年 | | 389.52 | -0.33 | -9.86 | | | | | 利率 | 5年 | | 69.48 | -0.12 | -1.92 | | | | | | 5年以下 | | 227.25 | -0.01 | -3 ...

Report Information - Data Date: 2025/8/4 - 2025/8/8 [1] - Report Date: August 12, 2025 [1] - Analyst: Jin Ling [1] - Report Title: Weekly Report on Fund Flows of Exchange-Traded Index Funds [1] Investment Ratings - Not provided in the given content Core Views - Not provided in the given content Summary by Categories Domestic Passive Stock Funds - Different concepts have varying fund scales, weekly price changes, and net weekly fund purchases. For example, the Shanghai Composite 50 has a fund scale of 159.456 billion yuan, a weekly increase of 1.15%, and a net weekly fund outflow of 2.506 billion yuan; while the CSI 1000 has a scale of 116.917 billion yuan, a weekly increase of 2.62%, and a net weekly fund inflow of 469 million yuan [4]. Overseas Index Funds - Overseas index funds also show diverse performance. The Nasdaq 100 has a fund scale of 78.421 billion yuan, a weekly increase of 0.83%, and a net weekly fund inflow of 391 million yuan; the S&P 500 has a scale of 20.837 billion yuan, a weekly decrease of 0.04%, and a net weekly fund outflow of 18 million yuan [5]. Bond Funds - Bond funds are divided into different types such as interest rate bonds, credit bonds, and convertible bonds. For instance, 30 - year interest rate bonds have a fund scale of 8.969 billion yuan, a weekly increase of 0.13%, and a net weekly fund outflow of 749 million yuan; short - term financing bonds in credit bonds have a scale of 29.341 billion yuan, a weekly increase of 0.04%, and a net weekly fund inflow of 4.023 billion yuan [6]. Commodity Funds - Commodity funds include gold, soybean meal, non - ferrous metals, and energy and chemical products. Gold funds have a scale of 70.887 billion yuan, a weekly increase of 2.11%, and a net weekly fund outflow of 3.123 billion yuan [6]. Index - Enhanced Funds - Index - enhanced funds cover various indices. For example, the Shanghai Composite 50 index - enhanced fund has a scale of 76 million yuan, a weekly increase of 0.35%, and a net weekly fund outflow of 1 million yuan [6].

Report Information - Report Title: Transactional Index Fund Capital Flow Weekly Report [1] - Data Date: July 28, 2025 - August 1, 2025 [1] - Report Issuer: Great Wall Securities Industrial Finance Research Institute [1] - Analyst: Jin Ling [1] - Report Date: August 6, 2025 [1] Domestic Passive Stock Funds Comprehensive and Industry Themes - **Fund Performance**: In the week from July 28 to August 1, 2025, most domestic passive stock funds showed negative growth. For example, the Shanghai - Shenzhen 300 had a scale of 983.449 billion yuan, a weekly decline of 1.64%, and a net capital outflow of 9.263 billion yuan; the CSI 500 had a scale of 140.12 billion yuan, a decline of 1.21%, and a net outflow of 3.149 billion yuan. However, the Science and Technology Innovation 100 rose by 0.57%, and the Science and Technology Innovation 200 rose by 3.27% with a net inflow of 0.93 billion yuan [4]. - **Capital Flow**: The large - finance sector had a net capital inflow of 6.207 billion yuan, and the large - consumption sector had a net inflow of 3.065 billion yuan; while the large - technology sector had a net outflow of 1.106 billion yuan, and the large - manufacturing sector had a net outflow of 1.474 billion yuan [4]. Style Strategies and Other Classifications - **Style Performance**: Among style strategies, the dividend and dividend - low - volatility strategies had net capital inflows of 1.223 billion yuan and 1.338 billion yuan respectively, while the growth and value strategies had net outflows of 0.065 billion yuan and 0.043 billion yuan respectively [4]. - **Other Classifications**: The central - state - owned enterprise special valuation concept (China Special Valuation) had a net inflow of 0.235 billion yuan, and the regional funds had a net outflow of 0.017 billion yuan [4]. Overseas - Related Funds Comprehensive and Industry Themes - **Fund Performance**: Overseas - related funds also showed mixed performance. The Nasdaq 100 rose by 0.38% with a net inflow of 0.282 billion yuan, while the German DAX fell by 3.03% but still had a net inflow of 0.192 billion yuan [5]. - **Capital Flow**: The Hong Kong - stock technology sector had a large net inflow of 9.816 billion yuan, and the China Internet sector had a net inflow of 0.447 billion yuan; the Hong Kong - stock medical sector rose by 3.76% with a net inflow of 0.262 billion yuan [5]. Style Strategies - **Style Performance**: In style strategies, the dividend and dividend - low - volatility strategies in overseas - related funds had net inflows of 0.012 billion yuan and 0.0262 billion yuan respectively [5]. Bond and Commodity Funds Bond Funds - **Interest - Rate Bonds**: Among interest - rate bonds, the 30 - year bond had a scale of 8.969 billion yuan, a rise of 0.60%, and a net inflow of 2.512 billion yuan; the 5 - 10 - year bond had a scale of 38.952 billion yuan, a rise of 0.33%, but a net outflow of 0.574 billion yuan [6]. - **Credit Bonds**: For credit bonds, the high - grade bonds had a net inflow of 0.053 billion yuan, and the urban investment bonds had a net inflow of 0.4 billion yuan; the short - term financing bonds had a net outflow of 1.746 billion yuan [6]. - **Convertible Bonds**: Convertible bonds had a scale of 43.859 billion yuan, a decline of 1.54%, but a net inflow of 3.154 billion yuan [6]. Commodity Funds - **Gold and Others**: Gold funds had a scale of 70.887 billion yuan, a decline of 0.78%, but a net inflow of 3.973 billion yuan; the bean - meal funds had a scale of 4.193 billion yuan, a decline of 0.15%, and a net inflow of 0.009 billion yuan [6]. Index - Enhanced Funds - **Fund Performance**: Index - enhanced funds generally showed a negative growth trend. For example, the Shanghai - Shenzhen 300 index - enhanced fund had a scale of 3.209 billion yuan, a decline of 1.80%, and a net inflow of 0.049 billion yuan; the CSI 500 index - enhanced fund had a scale of 1.978 billion yuan, a decline of 1.07%, and a net inflow of 0.014 billion yuan [6].

Report Information - Report Title: Weekly Report on Capital Flows of Exchange-Traded Index Funds [1] - Data Date: July 7, 2025 - July 11, 2025 [1] - Analyst: Jin Ling [1] - Report Date: July 16, 2025 [1] Core Viewpoints - The report presents the fund scale, weekly price change, and weekly net capital inflow of various domestic passive stock funds, overseas funds, bond funds, commodity funds, and index-enhanced funds from July 7 to July 11, 2025 [4][5][6] Summary by Categories Domestic Passive Stock Funds - The scale of Shanghai Stock Exchange 50 funds is 15.9456 billion yuan, with a weekly increase of 1.30% and a net capital inflow of 0.669 billion yuan [4] - The scale of CSI 300 funds is 98.3449 billion yuan, with a weekly increase of 1.20% and a net capital outflow of 0.351 billion yuan [4] - The scale of CSI 500 funds is 14.012 billion yuan, with a weekly increase of 1.98% and a net capital inflow of 0.457 billion yuan [4] - The scale of CSI 1000 funds is 11.6917 billion yuan, with a weekly increase of 2.42% and a net capital inflow of 2.541 billion yuan [4] - The scale of ChiNext Index funds is 12.6448 billion yuan, with a weekly increase of 2.30% and a net capital outflow of 1.433 billion yuan [4] Overseas Funds - The scale of Nasdaq 100 funds is 7.8421 billion yuan, with a weekly increase of 0.01% and a net capital outflow of 1.093 billion yuan [5] - The scale of S&P 500 funds is 2.0837 billion yuan, with a weekly decrease of 0.13% and a net capital inflow of 0.21 billion yuan [5] - The scale of Dow Jones funds is 0.1708 billion yuan, with a weekly decrease of 0.17% and a net capital outflow of 0.001 billion yuan [5] Bond Funds - The scale of 30-year bond funds is 0.8969 billion yuan, with a weekly decrease of 0.30% and a net capital inflow of 0.1691 billion yuan [6] - The scale of 10-year bond funds is 0.409 billion yuan, with a weekly decrease of 0.15% and a net capital inflow of 0.0443 billion yuan [6] - The scale of 5 - 10-year bond funds is 3.8952 billion yuan, with a weekly decrease of 0.17% and a net capital inflow of 0.0446 billion yuan [6] Commodity Funds - The scale of gold funds is 7.0887 billion yuan, with a weekly decrease of 0.40% and a net capital inflow of 0.0523 billion yuan [6] - The scale of soybean meal funds is 0.4193 billion yuan, with a weekly increase of 0.52% and a net capital inflow of 0.0012 billion yuan [6] - The scale of non-ferrous metal funds is 0.0745 billion yuan, with a weekly decrease of 1.17% and a net capital outflow of 0.0017 billion yuan [6] Index-Enhanced Funds - The scale of Shanghai Stock Exchange 50 index-enhanced funds is 0.0076 billion yuan, with a weekly increase of 1.75% and a net capital outflow of 0.0001 billion yuan [6] - The scale of CSI 300 index-enhanced funds is 0.3209 billion yuan, with a weekly increase of 1.14% and a net capital outflow of 0.0084 billion yuan [6] - The scale of CSI 500 index-enhanced funds is 0.1978 billion yuan, with a weekly increase of 1.96% and a net capital outflow of 0.0014 billion yuan [6]