2、股票型ETF涨跌幅排行 昨日股票型ETF涨幅最高的3只ETF及其收益率分别为：华夏国证航天航空行业ETF（5.01%）、天弘国 证航天航空行业ETF（4.66%）、万家国证航天航空行业ETF（4.64%）。涨幅前10详情见下表： | 美别 | 代码 | 基金名称 | 涨跌幅(%) | | --- | --- | --- | --- | | 股票型 | 159227.SZ | 华夏国证航天航空行业ETF | 5.01% | | 股票型 | 159241.SZ | 天弘国证航天航空行业ETF | 4.66% | | 股票型 | 159208.SZ | 万家国证航天航空行业ETF | 4.64% | | 股票型 | 159725.SZ | 工银瑞信中证线上消费主题ETF | 4.5% | | 股票型 | 159267.SZ | 华安国证航天航空行业ETF | 4.44% | | 股票型 | 517770.SH | 浦银安盛中证沪港深游戏及文化传媒ETF | 4.3% | | 股票型 | 561660.SII | 平安中证通用航空主题ETF | 4.28% | | 股票型 | 159218.SZ | 招商中证卫星 ...

Core Insights - Liu Fan has resigned from multiple funds managed by Xingyin Fund Management, including the Xingyin Shanghai Stock Exchange Sci-Tech Innovation Board Comprehensive Price ETF and others [1][4][5][6] - The resignation is part of a broader management change within the firm, with other fund managers continuing to oversee the affected funds [4][5][6] Fund Performance Summary - Xingyin Shanghai Stock Exchange Sci-Tech Innovation Board Comprehensive Price ETF has a cumulative return of 35.74% since its inception on May 27, 2025 [1] - Xingyin Shanghai Stock Exchange Sci-Tech Innovation Board Comprehensive Index Enhanced Fund A/C has returns of 5.89% and 5.77% since its inception on July 11, 2025 [1] - Xingyin CSI Dividend Low Volatility Index Fund A/C has cumulative returns of -3.93% and -3.95% since its inception on July 21, 2025 [1] - Xingyin CSI Sci-Tech Innovation and Entrepreneurship 50 Index A/C has a year-to-date return of 52.01% and a cumulative return of -0.37% since its inception on July 14, 2021 [2] - Xingyin National Standard New Energy Vehicle Battery ETF has a year-to-date return of 63.95% and a cumulative return of -12.60% since its inception on August 6, 2021 [2] - Xingyin MSCI China A50 Connect Index Fund A/C has a cumulative return of 2.98% since its inception on August 25, 2025 [2] - Xingyin CSI Hong Kong Stock Connect Technology ETF has a cumulative return of 16.12% and 15.87% since its inception on March 24, 2025 [2] - Xingyin CSI Hong Kong Stock Connect Technology ETF has a year-to-date return of 50.47% and a cumulative return of 53.12% since its inception on January 31, 2023 [2] - Xingyin CSI All-Index Public Utilities Index Fund A/C has cumulative returns of 4.83% and 4.74% since its inception on June 4, 2025 [3]

Group 1 - The core point of the article is the announcement by Xingyin Fund regarding the appointment of Lin Xuechen as a new fund manager for the Xingyin Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Price ETF [1] - Lin Xuechen has a background as a financial engineering analyst at Xiangcai Securities and has been with Xingyin Fund since July 2015, holding various positions including derivatives trader and investment manager [1] - The Xingyin Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Price ETF was established on May 27, 2025, and as of September 22, 2025, it has achieved a return of 34.61% since inception, with a cumulative net value of 1.3461 yuan [1]

Group 1 - Three stock ETFs have released listing announcements, with the highest stock allocation being 75.41% for the Penghua CSI All Share Free Cash Flow ETF [1] - The average stock allocation for 21 stock ETFs announced since June is only 19.75%, indicating a trend of lower allocations among newly listed ETFs [1] - The ETFs with the highest allocations include the Penghua CSI All Share Free Cash Flow ETF at 75.41%, followed by the Fortune Shanghai Stock Exchange Science and Technology Innovation Board Artificial Intelligence ETF and the Great Wall CSI Dividend Low Volatility 100 ETF, both at 40.89% [1] Group 2 - The average number of shares raised for newly announced ETFs since June is 3.38 million, with the largest being the Huaan Hang Seng Index Hong Kong Stock Connect ETF at 5.90 million shares [2] - Institutional investors hold an average of 19.01% of the shares in these ETFs, with the highest being 88.23% for the Fortune Shanghai Stock Exchange Science and Technology Innovation Board Artificial Intelligence ETF [2] - The listing dates for the ETFs range from June 16 to July 1, 2025, with varying fundraising scales and stock allocations [2][3]

Group 1 - The core point of the news is the announcement of the listing of the Bosera CSI A100 ETF, which will be listed on June 24, 2025, with a total trading share of 236 million [1] - As of June 17, 2025, the fund's asset allocation shows that bank deposits and settlement reserves account for 89.49% of total assets, while stock investments account for 10.51% [1] - In June, a total of 15 stock ETFs have announced their listings, with an average position of only 17.18%, indicating a generally low investment level among newly listed ETFs [1] Group 2 - The average fundraising for the newly announced ETFs in June is 364 million shares, with the largest being the Huaan Hang Seng Index Hong Kong Stock Connect ETF at 590 million shares [2] - Institutional investors hold an average of 16.72% of the shares in these ETFs, with the highest proportions in the Xingyin Shanghai Stock Exchange Science and Technology Innovation Board Comprehensive Price ETF at 59.97% [2] - The table provided lists various ETFs, their establishment dates, fundraising scales, and asset allocation percentages, highlighting the differences in investment strategies among these funds [2][3]

Core Insights - A total of 12 stock ETFs have announced their listing since June, with the highest allocation being 40.89% for the Great Wall CSI Dividend Low Volatility 100 ETF [1][2] - The average allocation for these newly announced ETFs is only 19.43%, indicating a generally conservative approach to investment during the current period [1][2] Group 1: ETF Listings and Allocations - The Great Wall CSI Dividend Low Volatility 100 ETF will be listed on June 18, 2025, with a total of 320 million shares [1] - The fund's asset allocation as of June 11, 2025, shows 59.08% in bank deposits and settlement reserves, while stock investments account for 40.89% [1] - Other ETFs with significant allocations include the Invesco Great Wall CSI 300 Enhanced Strategy ETF at 39.95%, the Huatai-PB SSE STAR Market New Materials ETF at 32.39%, and the Harvest SSE STAR Market Comprehensive Enhanced Strategy ETF at 26.95% [1] Group 2: Fund Sizes and Investor Composition - The average number of shares raised for the newly listed ETFs is 394 million, with the largest being the Huaan Hang Seng Index Hong Kong Stock Connect ETF at 590 million shares [2] - Institutional investors hold an average of 19.12% of the shares in these ETFs, with the highest proportions in the Xingyin SSE STAR Market Comprehensive Price ETF at 59.97%, the Bank of China CSI All Share Free Cash Flow ETF at 51.12%, and the Tianhong CSI A500 Enhanced Strategy ETF at 31.23% [2] - ETFs with lower institutional ownership include the Huaan Hang Seng Index Hong Kong Stock Connect ETF at 4.09%, the Guotai Chuangye Board New Energy ETF at 5.68%, and the Chuangye Board ETF Dongcai at 5.93% [2]

Group 1 - Two stock ETFs have released listing announcements, with the Huatai-PineBridge SSE Sci-Tech Innovation Board New Materials ETF holding a stock position of 32.39% and the E Fund SSE Sci-Tech Innovation Board 200 ETF holding 11.00% [1] - Since June, a total of 10 stock ETFs have announced their listings, with an average position of only 18.12%. The highest position is held by the Invesco Great Wall CSI 300 Enhanced Strategy ETF at 39.95% [1] - The ETFs with the highest positions include Huatai-PineBridge SSE Sci-Tech Innovation Board New Materials ETF (32.39%), Harvest SSE Sci-Tech Innovation Board Comprehensive Enhanced Strategy ETF (26.95%), and Huaan Hang Seng Index Hong Kong Stock Connect ETF (21.94%) [1] Group 2 - The average fundraising for the ETFs announced since June is 418 million shares, with the largest being Huaan Hang Seng Index Hong Kong Stock Connect ETF (590 million shares), Harvest SSE Sci-Tech Innovation Board Comprehensive Enhanced Strategy ETF (536 million shares), and Xingyin SSE Sci-Tech Innovation Board Comprehensive Price ETF (518 million shares) [1] - The average proportion of shares held by institutional investors is 18.84%, with the highest being Xingyin SSE Sci-Tech Innovation Board Comprehensive Price ETF (59.97%), Bank of China CSI All Share Free Cash Flow ETF (51.12%), and Huatai-PineBridge SSE Sci-Tech Innovation Board New Materials ETF (21.83%) [2] - The ETFs with the lowest institutional investor holdings include Huaan Hang Seng Index Hong Kong Stock Connect ETF (4.09%), Guotai Junan ChiNext New Energy ETF (5.68%), and ChiNext ETF Dongcai (5.93%) [2]

Market Overview - The Shanghai Composite Index decreased by 0.03% to 3347.49 points, while the Shenzhen Component Index fell by 0.91% to 10040.63 points, and the ChiNext Index dropped by 1.4% to 1993.19 points during the week of May 26 to May 30 [1] - In contrast, major global indices saw gains, with the Nasdaq Composite rising by 2.01%, the Dow Jones Industrial Average increasing by 1.6%, and the S&P 500 up by 1.88% [1] - In the Asia-Pacific region, the Hang Seng Index declined by 1.32%, while the Nikkei 225 rose by 2.17% [1] ETF Market Performance - The median weekly return for stock ETFs was -0.27%, with the highest performing being the E Fund ChiNext Mid-Cap 200 ETF at 2.49% [2] - The top five stock ETFs by weekly gain included the Huabao CSI Financial Technology Theme ETF (5.22%) and the Bosera CSI Financial Technology Theme ETF (4.69%) [5] - Conversely, the worst performers included the Jianxin National Standard New Energy Vehicle Battery ETF (-5.62%) and the GF CSI All-Index Automotive ETF (-5.45%) [6] ETF Liquidity - Average daily trading volume for stock ETFs increased by 4.2%, while average daily turnover rose by 0.4%, with a slight decrease in turnover rate by 0.01% [7] ETF Fund Flows - The top five stock ETFs by inflow included the Huaxia SSE Sci-Tech 50 ETF with an inflow of 376 million yuan, and the Jiashi SSE Sci-Tech Chip ETF with an inflow of 181 million yuan [9] - The largest outflows were seen in the Southern CSI 500 ETF, which had an outflow of 1.236 billion yuan, followed by the Huatai-PB CSI 300 ETF with an outflow of 1.066 billion yuan [10] ETF Financing and Margin Trading - The financing balance for stock ETFs decreased from 41.232 billion yuan to 30.940 billion yuan, while the margin balance dropped from 2.0587 billion shares to 1.6405 billion shares [12] ETF Market Size - The total market size for ETFs reached 4,097.885 billion yuan, with stock ETFs accounting for 2,947.685 billion yuan [15] - Stock ETFs represented 81.2% of the total number of ETFs and 71.9% of the total market size, indicating their dominance in the ETF market [17] ETF Issuance and Establishment - No new ETFs were issued last week, but six new ETFs were established, including the Guotai ChiNext New Energy ETF and the Invesco SSE Sci-Tech 50 Enhanced Strategy ETF [18]

Group 1 - The bond fund market demonstrated strong fundraising capabilities, contributing significantly to the total issuance scale, with 23 new funds launched and a total issuance of 240.04 billion units [1] - Among the new funds, medium to long-term pure bond funds, passive index bond funds, and mixed bond funds were particularly prominent, with five funds raising 192.49 billion yuan, accounting for 80.19% of the total issuance [1] - The average subscription period for medium to long-term pure bond funds was only 13.33 days, significantly lower than that of equity products, indicating high efficiency in fundraising [1] Group 2 - The high subscription scale of bond funds is directly related to the rising risk-averse sentiment among investors, with low-risk fixed-income assets serving as a "safety cushion" [2] - The structure of bond fund custodians shows a "small and medium bank characteristic," with funds like Huian Yuhong Rate Bond A and Minsheng Jianyin Hengyue being custodied by smaller banks, contrasting with the trend of large banks custodian for passive index funds [2] - The market expects bond funds to continue playing a stabilizing role in the issuance market, particularly high credit rating bond products, attracting risk-averse investors [2] Group 3 - The technology and industrial upgrade themes have become focal points for passive index fund investments, aligning with policy directions for "breakthroughs in key technologies" [3] - Funds focusing on state-owned enterprise reform and digital economy themes are also gaining attention, with products tracking indices related to the digital transformation of state-owned enterprises [3] - As of May 18, 2023, the number of newly issued ETF products reached 123, with a total issuance scale of 965.15 billion yuan, nearing the 1 trillion yuan mark [3]