今年前三季度的行情，是不是像一场"权重搭台、题材唱戏"的大戏？你坐在台下看AI（人工智能）、通 信股涨得热闹，可知道舞台背后的ETF（交易型开放式指数基金）市场里，"题材角儿"已经炸了——行 业、主题ETF直接把规模从年初的不到6000亿元干到了1万亿元，年内增长超77%。 更绝的是，大家买ETF的思路彻底变了。你以为ETF只有"涨得好才有人买"？今年前三季度的行业、主 题ETF这就"打脸"给你看。比如一只煤炭ETF，明明年内跌了5.65%，规模却从28亿元涨到114亿元（年 内增长近300%）。而有些涨得不错的ETF，比如一只芯片ETF年内涨了56.16%，规模反而少了21亿元。 这是什么操作？ 《每日经济新闻》记者就来揭秘行业、主题ETF的"资金密码"：有人"越跌越买"抄底冷门，有人"见好就 收"止盈热门，还有人盯着黄金、AI大肆"囤货"。到底钱往哪流？哪些ETF是"被遗忘的角落"？咱们一 起挖个明白。 份额变动更能说明问题 Wind（万得）数据显示，截至9月30日，全市场共有483只主题指数ETF和84只行业指数ETF，最新规模 分别为7747.85亿元和2876.27亿元，合计规模突破1万亿元。而年初 ...

从基金十大重仓股角度 数据显示，国泰基金旗下1只基金重仓北京君正。国泰创业板人工智能ETF（159388）二季度持有股数 2.15万股，占基金净值比例为2.7%，位居第九大重仓股。根据测算，今日浮盈赚取约9.68万元。 国泰创业板人工智能ETF（159388）成立日期2025年3月26日，最新规模5506.01万。成立以来收益 78.91%。 10月9日，北京君正涨5.06%，截至发稿，报93.51元/股，成交8.46亿元，换手率2.17%，总市值451.22亿 元。 国泰创业板人工智能ETF（159388）基金经理为麻绎文。 资料显示，北京君正集成电路股份有限公司位于北京市海淀区西北旺东路10号院东区14号楼A座一至三 层,香港铜锣湾勿地臣街1号时代广场2座31楼，成立日期2005年7月15日，上市日期2011年5月31日，公 司主营业务涉及微处理器芯片、智能视频芯片等ASIC芯片产品及整体解决方案的研发与销售;存储芯片 和模拟芯片的研发和销售。主营业务收入构成为：存储芯片61.56%，计算芯片26.87%，模拟与互联芯 片10.84%，其他0.53%，其他(补充)0.21%。 风险提示：市场有风险，投资需 ...

Market Overview - The Shanghai Composite Index fell by 0.02% to close at 3727.29 points, with a high of 3746.67 points during the day [1] - The Shenzhen Component Index decreased by 0.12% to 11821.63 points, reaching a peak of 11908.68 points [1] - The ChiNext Index dropped by 0.17% to 2601.74 points, with a maximum of 2634.6 points [1] ETF Market Performance - The median return of stock ETFs was -0.43% [2] - The highest performing scale index ETF was the China Tai Zhong Zheng 2000 ETF with a return of 1.66% [2] - The highest performing industry index ETF was the China Tai Zhong Zheng All-Index Consumer ETF with a return of 1.97% [2] - The highest performing thematic index ETF was the China Tai Zhong Zheng All-Index Communication Equipment ETF with a return of 4.04% [2] ETF Gain and Loss Rankings - The top three ETFs by gain were: - Guotai Zhong Zheng All-Index Communication Equipment ETF (4.04%) - Guotai ChiNext Artificial Intelligence ETF (2.67%) - Southern ChiNext Artificial Intelligence ETF (2.55%) [4][5] - The top three ETFs by loss were: - Tianhong Hang Seng Shanghai-Hong Kong Innovation Drug Selected 50 ETF (-3.25%) - Huatai-PB Zhong Zheng Shanghai-Hong Kong Innovation Drug Industry ETF (-3.12%) - Fortune Zhong Zheng Shanghai-Hong Kong Innovation Drug Industry ETF (-3.0%) [5] ETF Fund Flow - The top three ETFs by fund inflow were: - Huaxia Shanghai 50 ETF (8.02 billion) - Guotai Zhong Zheng All-Index Securities Company ETF (5.86 billion) - Southern Zhong Zheng A500 ETF (3.61 billion) [6][7] - The top three ETFs by fund outflow were: - Southern Zhong Zheng 1000 ETF (6.61 billion) - Penghua Zhong Zheng Wine ETF (5.91 billion) - Huatai-PB Shanghai-Hong Kong 300 ETF (3.7 billion) [7] ETF Margin Trading Overview - The top three ETFs by margin buying were: - Huaxia Shanghai Science and Technology Innovation Board 50 ETF (864 million) - E-Fund ChiNext ETF (580 million) - Guotai Zhong Zheng All-Index Securities Company ETF (462 million) [8][9] - The top three ETFs by margin selling were: - Southern Zhong Zheng 1000 ETF (37.21 million) - Southern Zhong Zheng 500 ETF (29.56 million) - Huaxia Shanghai 50 ETF (15.39 million) [9] Industry Insights - Xiangcai Securities noted that advancements in artificial intelligence technology are driving high demand for AI infrastructure, maintaining a high level of prosperity in the sector [10] - The report highlighted that AI technology is leading to hardware upgrades, particularly in end-side SOC and thermal materials, presenting investment opportunities [10] - According to招商证券, China's AI industry has made significant progress in core technologies and commercial applications, achieving a leading global position [10]

Group 1 - The overall market showed slight declines on August 19, with the three major indices experiencing minor drops, while the total market turnover remained active at 26,407 billion yuan, a decrease from the previous day [1] - The ETF market was particularly active, with total trading volume reaching 4,485.12 billion yuan, highlighting significant interest in various ETFs, especially in sectors like artificial intelligence and communication equipment [2] - On August 18, there was a notable inflow of funds into brokerage-related ETFs, indicating strong investor interest in the financial sector, with significant net inflows recorded for several ETFs [3] Group 2 - The performance of specific sectors was noteworthy, with the liquor and humanoid robot sectors showing strong gains, and several A-share ETFs related to artificial intelligence and communication equipment also performing well [2] - The 30-year treasury bond ETF saw increased buying despite a broader market decline, indicating a "buy the dip" mentality among investors [2] - The brokerage sector, often seen as a market leader, attracted substantial capital, with specific ETFs like the Huabao CSI All-Share Securities Company ETF and the Guotai CSI All-Share Securities Company ETF seeing significant net inflows [3]

Market Overview - On August 19, the three major stock indices experienced slight declines, with total ETF trading volume exceeding 400 billion yuan [1] - On August 18, the bond market saw a significant drop, while the stock market performed well, leading to increased buying of the 30-year government bond ETF [2] ETF Performance - AI-related ETFs showed strong performance, with sectors like liquor and humanoid robots also leading in gains. The Guotai CSI Communication Equipment ETF rose by 4.04%, while several AI-focused ETFs increased by over 2% [3][4] - The total trading volume of all ETFs reached 448.51 billion yuan on August 19, with the Hai Fudong CSI Short Bond ETF and the E Fund CSI Hong Kong Securities Investment Theme ETF being the top two in trading volume [4] Fund Inflows - On August 18, significant capital inflows were observed in brokerage-related ETFs, with the Huabao CSI All-Share Securities Company ETF seeing a net inflow of 11.43 billion yuan [6][7] - The 30-year government bond ETFs also attracted substantial investments, with 15.04 billion yuan flowing into the Bosera CSI 30-Year Government Bond ETF [6][7] Liquidity Service Changes - On August 19, ICBC Credit Suisse announced the termination of liquidity services provided by Founder Securities for the Shenhongli ETF. Other fund companies like Huatai-PineBridge and Yinhua also announced changes in liquidity service providers [8]

Market Overview - The Shanghai Composite Index rose by 1.13% to 3385.36 points, with a weekly high of 3391.45 points [1] - The Shenzhen Component Index increased by 1.42% to 10183.7 points, reaching a peak of 10223.56 points [1] - The ChiNext Index saw a rise of 2.32%, closing at 2039.44 points, with a maximum of 2053.56 points [1] - Global markets mostly experienced gains, with the Nasdaq Composite up by 2.18%, the Dow Jones Industrial Average up by 1.17%, and the S&P 500 up by 1.5% [1] - In the Asia-Pacific region, the Hang Seng Index increased by 2.16%, while the Nikkei 225 Index fell by 0.59% [1] ETF Market Performance - The median weekly return for stock ETFs was 1.16% [2] - The highest weekly return among scale index ETFs was 4.23% for the China Asset Management CSI 2000 Enhanced Strategy ETF [2] - The top-performing industry index ETF was the Southern CSI 500 Information Technology Index ETF, with a return of 4.13% [2] - The highest return for strategy index ETFs was 1.56% for the China Asset Management ChiNext Low Volatility Value ETF [2] - The leading theme index ETF was the China Asset Management ChiNext Artificial Intelligence ETF, achieving a return of 6.57% [2] ETF Liquidity - Average daily trading volume for stock ETFs increased by 10.6%, while average daily turnover rose by 2.7% [7] ETF Fund Flows - The top five stock ETFs by inflow were: - China Asset Management CSI Information Technology Application Innovation Industry ETF (inflow of 531 million yuan) - Guotai Junan National Index Information Technology Innovation Theme ETF (inflow of 339 million yuan) - Harvest SSE Sci-Tech Innovation Board Chip ETF (inflow of 278 million yuan) - Fortune CSI Military Industry Leaders ETF (inflow of 246 million yuan) - Fortune National Index Information Technology Innovation Theme ETF (inflow of 234 million yuan) [9] - The top five stock ETFs by outflow were: - Invesco Great Wall CSI A500 ETF (outflow of 208 million yuan) - E Fund CSI 300 ETF (outflow of 195 million yuan) - Southern CSI 1000 ETF (outflow of 188 million yuan) - Bosera SSE Sci-Tech Innovation Board 100 ETF (outflow of 185 million yuan) - Da Cheng CSI A50 ETF (outflow of 179 million yuan) [10] ETF Financing and Margin Trading - The financing balance for stock ETFs decreased from 41.2208 billion yuan to 40.7357 billion yuan [12] - The highest financing buy amount was 477 million yuan for the China Asset Management SSE Sci-Tech Innovation Board 50 Component ETF [12] ETF Market Size - The total market size for ETFs reached 4160.02 billion yuan, an increase of 61.934 billion yuan from the previous week [15] - Stock ETFs accounted for 2984.777 billion yuan, representing 71.7% of the total ETF market size [17] ETF Issuance and Establishment - No new ETFs were issued last week, but seven new ETFs were established, including: - Great Wall CSI Low Volatility 100 ETF - Penghua CSI All-Index Free Cash Flow ETF - Harvest SSE Sci-Tech Innovation Board Comprehensive Enhanced Strategy ETF - E Fund SSE Sci-Tech Innovation Board 200 ETF - Tianhong CSI A500 Enhanced Strategy ETF - Huatai-PB SSE Sci-Tech Innovation Board New Materials ETF - Tibet Dongcai ChiNext ETF [18] Institutional Perspectives - Huaxin Securities suggests that the AI overseas chain valuation is likely to continue recovering, with strong upward expectations for the domestic chain logic [19] - Zhongyin International believes that the AI industry chain may experience a rebound, indicating that now is an optimal time for allocation [20]