昨日市场午后震荡上扬，沪指收出十连阳。从板块来看，机器人概念持续爆发，AI应用端表现活跃，商业航天概念整体冲高回落；下跌方面，海南、零售 等板块跌幅居前。 Wind数据显示，在12月30日的非货币ETF市场中，华夏中证细分有色金属产业ETF份额增加14.54亿份，净流入额27.03亿元；汇添富中证AAA科创债ETF份 额增加0.15亿份，净流入额15.02亿元；富国中证AAA科技创新公司债ETF份额增加0.12亿份，净流入额12.08亿元。 | 证券代码 证券简称 | | 涨跌幅 基金份额变化 净流入额 基 | | | | --- | --- | --- | --- | --- | | | (%) | (亿份) | (亿元) ( | | | 551520.SH 汇添富中证AAA科创债ETF | 0.04 | | 15.02 | 0.15 | | 159200.SZ 富国中证AAA科技创新公司债ETF | 0.02 | | 12.08 | 0.12 | | 511070.SH 南方上证基准做市公司债ETF | -0.04 | | 11.07 | 0.11 | | 563800.SH 广发中证A500ETF | ...

Core Insights - Resource cycle assets, including non-ferrous metals, energy (oil, coal), chemicals, and steel industries, have been largely overlooked by investors in the past but have shown significant performance this year, particularly non-ferrous metals which have risen by 87.15% due to factors like supply-demand balance, inflation hedging, and risk aversion [1] - Different segments within the resource cycle have exhibited varied performance, with the energy sector being favored for its high dividend yield, while chemicals and steel have benefited from "anti-involution" policies, leading to a strong performance in Q3 [1] Fund Types Overview - Index funds are categorized into four types: - Non-ferrous metal funds, which have a long-term holding ratio of over 90%, are the most numerous and have high purity [4] - Rare earth funds, benefiting from China's tariff countermeasures, are critical resources used in new energy, electronics, and military applications [4] - Gold stock funds, which have seen some funds increase by over 90% this year, benefit from multiple factors including risk aversion and central bank gold accumulation [4] - Comprehensive resource funds, which have a balanced industry approach but lower growth compared to non-ferrous metal funds, typically have non-ferrous metals as the largest sector but below 60% [5] Performance of Index Funds - Key index funds in the resource cycle sector have shown varying performance year-to-date: - Non-ferrous metal ETFs have returns ranging from 68.52% to 76.41% [6] - Rare earth ETFs have returns around 67.14% to 73.86% [6] - Gold ETFs have a notable return of 90.33% [6] - Comprehensive resource ETFs have lower returns, with the highest at 42.18% [6] Active Fund Types Overview - Active funds are divided into three categories: - Theme funds primarily focus on non-ferrous metals, typically holding over 50% in this sector, with additional allocations to coal and chemicals [7] - Balanced funds maintain a non-ferrous metal holding ratio generally below 50%, allowing for some rotation in investments [7] - Quantitative funds, which are fewer in number, utilize a strategy combining subjective and quantitative methods to select resource stocks for excess returns [7] Performance of Active Funds - Active funds have also demonstrated significant returns year-to-date, with some notable performances: - The "万家周期驱动股票发起式A" fund has a return of 47.20% [8] - The "中欧周期优选混合发起式A" fund has a return of 64.30% [8] - The "东方兴瑞趋势领航混合A" fund, categorized as balanced, has a return of 70.94% [8] - Resource cycle funds exhibit considerable elasticity, with decision-making centered on identifying turning points and timing [8]