跨境配置新宠。 作者 | 市值风云基金研究部 编辑 | 小白 在2026年全球资产配置的版图中，南美最大的经济体巴西正以亮眼的表现重回投资者视线。 截至3月25日，跟踪巴西伊博维斯帕指数（Ibovespa）的跨境ETF——巴西ETF易方达（520870.SH） 与巴西ETF华夏（159100.SZ）年内涨幅均已突破16%。 | 序号 证券代码 | 证券名称 | | 基金规模合并值 [交易日期]最新(2026-03-25) [单位]亿元 | | 区间复权单位净值增长率(区间回报 ... [起始交易日期]2026-01-01 [截止交易日期]最新 [单位]% | | 基金份额变化率 [起始日期]2026-01-01 [截至日期]最新 [車位]% | 跟踪指数名称 | 跟踪指数代码 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | [是否年化]非年化 | | | | | | 159100.SZ | 巴西ETF华夏 | | | 4.2276 | | 16.0867 | | -28.7056 巴西BOVESPA | B ...

沪深股通今日合计成交2892.86亿，其中紫金矿业和宁德时代分居沪股通和深股通个股成交额首位。 板块主力资金方面，有色金属板块 主力资金净流入居首。ETF成交方面，巴西ETF易方达（52087 0）成交额环比增长190%。 龙虎榜方面，绿电概念延续强势， 人气股韶能股份走出5天4板， 获四家一线游资（国泰海通证券武汉紫阳东路、国泰海通证券上海海 阳西路、国泰海通证券上海江苏路、国泰海通证券南京太平南路）合计买入2.76亿。汉缆股份今日强势涨停，一家一线游资（国泰海通 证券武汉紫阳东路）买入2.07亿，两家量化资金（开源证券西安太华路、中信证券上海漕溪北路）合计买入1.58亿。 一、沪深股通前十大成交 | | 沪股道 | 3月24日 | | | --- | --- | --- | --- | | 排名 | 股票代码 | 股票名称 | 成交金额(亿元) | | 1 | 601899 | 三分头 | 37.04 | | 2 | 603259 | 药明康德 | 19.48 | | 3 | 688525 | 佰维存储 | 12.51 | | ব | 603986 | 兆易创新 | 12.25 | | 5 | 60101 ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 3月23日，多只油气类ETF涨停后集体发布公告，宣布次日停牌1小时。3月24日10:30复牌，依旧 难挡资金追捧，标普油气ETF富国早盘大涨近7%，领跑全市场ETF；标普油气ETF嘉实早盘涨幅也 超过5%。 | 名称 | 最新 | 涨幅% ↑ | | --- | --- | --- | | 标普油气ETF富国 | 1.679 | 6.94 | | 标普油气ETF嘉实 | 1.508 | 5.60 | | 黄金股ETF华夏 | 2.284 | 4.72 | | 巴西ETF易方达 | 1.140 | 4.59 | | 黄金股ETF华安 | 1.612 | 4.40 | | 黄金股ETF国展 | 1.652 | 4.23 | | 黄金股ETF工银 | 1.720 | 4.18 | | 中韩半导体ETF华泰柏瑞 | 3.812 | 4.07 | | 黄金股ETF永赢 | 2.107 | 3.64 | | 巴西ETF华夏 | 1.153 | 3.50 | 此外，深交所今日午间发布公 告称，嘉实原油证券投资基金（QDII-LOF） ...

Core Viewpoint - Recent surges in stock markets across countries such as South Korea, Brazil, Japan, and France have led to significant gains in cross-border ETFs, attracting investor attention and prompting risk warnings from fund companies [1][12]. Group 1: South Korea Market Performance - The South Korean stock market has seen a cumulative increase of 75.63% in 2025, with a year-to-date rise of 49.67% as of February 26, 2026, reaching a historical high of 6313.27 points [4][2]. - The Huatai-PineBridge China-Korea Semiconductor ETF has surged by 9.64% today, with a 5-day increase of 26.27% and a year-to-date rise of 67.68%, leading the market [1][4]. - Major contributors to this growth include Samsung Electronics and SK Hynix, with stock price increases of 81.82% and nearly 80% respectively since early 2026 [4]. Group 2: Brazil Market Performance - The Brazilian IBOVESPA index has increased by over 30% in 2025 and continues to rise, with an 18.69% increase year-to-date as of February 25, 2026 [1][4]. - The E Fund Brazil ETF has seen a nearly 10% increase in the last 5 days and a year-to-date rise of 34.70%, ranking among the top ETFs in the market [1][7]. - The China Asset Management Brazil ETF has also performed well, with a year-to-date increase of 35.21% [7]. Group 3: France Market Performance - The French CAC40 index has reached approximately 8640 points, marking a historical high, with a 10.42% increase in 2025 and nearly a 6% rise this year [7][9]. - The Huazhong Fund's CAC40 ETF has recorded a 13.07% increase in February, continuing its upward trend from the previous year [9]. Group 4: Risk Warnings from Fund Companies - Several fund companies, including E Fund, Huaxia, and Huatai-PineBridge, have issued warnings regarding high premium risks in the secondary market for cross-border ETFs, with some products experiencing premiums exceeding 20% [12][13]. - The E Fund Brazil ETF reported a premium of 8.16% on February 26, prompting the company to issue risk alerts and consider temporary suspensions to protect investors [12]. - The Huazhong Nomura Nikkei 225 ETF also announced significant premiums and may request temporary suspensions if premiums do not decrease effectively [12].

Market Overview - A-shares showed mixed performance with the Shanghai Composite Index down 0.01%, Shenzhen Component Index up 0.19%, and ChiNext Index down 0.29% as of market close [1] - Total trading volume in Shanghai, Shenzhen, and Beijing reached 25,568 billion, an increase of 756 billion from the previous day [1] ETF Performance - The China-Korea Semiconductor ETF surged by 9.64%, leading the market, driven by the recovery in the semiconductor supply chain [2] - The National 2000 ETF rose by 5.04%, indicating a rebound in small-cap growth stocks [2] - The Electric Grid sector performed well, with the Electric Grid ETF up 3.23% and the Electric Grid Equipment ETFs rising by 3.22% and 2.91% respectively [2] Communication Sector - The communication sector also saw gains, with ETFs in this category rising between 2.73% and 2.78% [3] Declining Sectors - The pharmaceutical sector faced a broad retreat, with the Hang Seng Biotechnology ETF showing the largest decline at -3.89% [4] - Other related ETFs in the healthcare and biotechnology sectors also experienced significant drops, indicating a market shift from defensive sectors to technology growth [4] Trading Activity - The Short-term Bond ETF had a trading volume exceeding 66 billion, leading in activity among ETFs [5] - The top traded ETFs included the Short-term Bond ETF at 661.12 billion and the Silver Day Benefit ETF at 167.16 billion [5] Turnover Rates - Cross-border products showed high trading activity, with the Brazil ETF and China-Korea Semiconductor ETF having turnover rates of 171.99% and 125.76% respectively [6][7] - The National Debt ETF also maintained a strong turnover rate of 88.09%, indicating active trading in interest rate bonds and cross-border assets [7] New ETF Launch - A new Technology Growth ETF by Industrial Bank is set to launch on February 27, with a focus on hard technology and a multi-factor strategy targeting the top 50 securities in various tech sectors [8]

Core Viewpoint - The article highlights the trading activities and capital flows in the Chinese stock market, focusing on the performance of specific stocks, sectors, and ETFs, indicating potential investment opportunities and trends in market sentiment [1][5][12]. Trading Volume Summary - The total trading volume for the Shanghai and Shenzhen Stock Connect reached 319.54 billion, with Northern Rare Earth and CATL leading in trading volume for the Shanghai and Shenzhen markets respectively [1][2]. - The top ten stocks by trading volume included Northern Rare Earth (1st, 19.19 billion), Zijin Mining (2nd, 18.82 billion), and Industrial Fulian (3rd, 18.17 billion) for the Shanghai market [3]. - For the Shenzhen market, CATL topped the list (1st, 28.88 billion), followed by Tianfu Communication (2nd, 25.62 billion) and Zhongji Xuchuang (3rd, 25.11 billion) [4]. Sector Performance - The non-ferrous metals sector saw the highest net inflow of capital, amounting to 5.36 billion, with a net inflow rate of 3.23% [6]. - Other sectors with significant net inflows included electronics (5.29 billion, 1.46%) and communications (4.64 billion, 3.29%) [6]. - Conversely, the computer sector experienced the largest net outflow, totaling -12.41 billion, with a net outflow rate of -5.86% [7][8]. ETF Trading Activity - The A500 ETF Fund (512050) had the highest trading volume at 10.65 billion, with a week-on-week increase of 27.23% [12]. - The Brazilian ETF (520870) saw a remarkable increase in trading volume, up 489% from the previous trading day, reaching 1.11 billion [13]. Institutional and Retail Trading Insights - Institutional trading was notably active, with Tongyuan Petroleum experiencing a price surge and receiving 385 million from five institutions, while also facing a sell-off of 138 million from two retail investors [16]. - The top stocks with significant net inflows included Zhongji Xuchuang (22.18 billion, 11.26%) and Huagong Technology (13.30 billion, 22.23%) [9]. - The stocks with the highest net outflows included Huasheng Tiancai (-16.38 billion, -18.20%) and Dazhi Technology (-15.32 billion, -23.88%) [10]. Futures Market Overview - In the futures market, both long and short positions increased across major contracts, with the IF contract seeing a notable increase in short positions [15].

Core Insights - The total trading volume of the Shanghai and Shenzhen Stock Connect reached 319.54 billion, with Northern Rare Earth and CATL leading in trading volume for the Shanghai and Shenzhen markets respectively [1][2] - The non-ferrous metals sector saw the highest net inflow of funds, indicating strong investor interest [4][5] - The Brazilian ETF from E Fund experienced a remarkable 489% increase in trading volume compared to the previous trading day [10] Trading Volume Summary - The total trading amount for the Shanghai Stock Connect was 151.32 billion, while the Shenzhen Stock Connect totaled 168.22 billion [2] - The top traded stocks in the Shanghai market included Northern Rare Earth (1st, 19.19 billion), Zijin Mining (2nd, 18.82 billion), and Industrial Fulian (3rd, 18.17 billion) [3] - In the Shenzhen market, CATL topped the list with 28.88 billion, followed by Tianfu Communication (25.62 billion) and Zhongji Xuchuang (25.11 billion) [3] Sector Fund Flow Summary - The non-ferrous metals sector led with a net inflow of 5.36 billion, representing a net inflow rate of 3.23% [4] - Other sectors with significant net inflows included the communication sector (4.63 billion, 3.29%) and electrical grid equipment (3.75 billion, 4.33%) [4] - The computer sector experienced the highest net outflow at -12.41 billion, with a net outflow rate of -5.86% [5] Individual Stock Activity - Tongyuan Petroleum saw a significant increase of 14.51% with institutional purchases totaling 385 million [12] - Dongyue Silicon Materials achieved a strong limit-up, attracting 102 million from quantitative funds [15] - The top net inflow stocks included Zhongji Xuchuang (2.22 billion) and Huagong Technology (1.33 billion) [7] ETF Trading Summary - The A500 ETF Fund (512050) had the highest trading volume at 10.65 billion, with a 27.23% increase from the previous trading day [9] - The Brazilian ETF from E Fund (520870) had a staggering 489% increase in trading volume, making it the top performer in terms of growth [10]

Summary of Key Points Core Viewpoint - The trading volume of the Shanghai and Shenzhen Stock Connect reached a total of 319.54 billion, with Northern Rare Earth and CATL leading in individual stock trading volumes. The non-ferrous metals sector saw the highest net inflow of funds, while the Brazilian ETF experienced a significant increase in trading volume. Group 1: Trading Volume and Key Stocks - The total trading amount for the Shanghai Stock Connect was 151.32 billion, while the Shenzhen Stock Connect totaled 168.22 billion [1] - Northern Rare Earth topped the Shanghai Stock Connect with a trading volume of 1.919 billion, followed by Industrial Fulian and Zhaoyi Innovation [2] - CATL led the Shenzhen Stock Connect with a trading volume of 2.888 billion, followed by Tianfu Communication and Zhongji Xuchuang [2] Group 2: Sector Performance - The non-ferrous metals sector had a net inflow of 5.36 billion, representing a net inflow rate of 3.23% [3] - Other sectors with significant net inflows included electronics and communications, while the computer and cultural media sectors experienced the highest net outflows [4] Group 3: ETF Trading - The A500 ETF Fund (512050) had the highest trading volume at 10.6513 billion, with a 27.23% increase from the previous trading day [6] - The Brazilian ETF (520870) saw a remarkable 489% increase in trading volume, making it the top performer in terms of growth [7] Group 4: Institutional Activity - Tongyuan Petroleum saw a price increase of 14.51% with institutional purchases totaling 385 million [8] - The stock Zhongtung High-tech experienced a 10% increase with institutional purchases of 199 million [8] Group 5: Quantitative Fund Activity - Zhongji Xuchuang had the highest net inflow from quantitative funds at 2.218 billion, with a net inflow rate of 11.26% [5] - Other notable stocks with significant net inflows included Huagong Technology and China Railway [5]

Market Overview - The market opened high today and experienced a slight pullback in the afternoon before rising again, with the ChiNext Index and Shenzhen Component Index both increasing by over 1% [1] - The phosphoric chemical sector surged, while the film and cinema concept weakened [1] Sector Performance - The rare earth permanent magnet concept continued to rise, and lithium mining concepts showed strength, with the semiconductor industry chain performing actively [1] - In terms of ETF performance, the Brazil ETF from E Fund rose over 7%, and rare earth-related ETFs increased by more than 6% [1] ETF Details - The Brazil ETF from E Fund had a current price of 1.33 with a rise of 7.26%, estimated at 4.858 billion [2] - The rare earth ETFs showed significant increases, with the E Fund rare earth ETF at 1.478, up 6.25%, and an estimated scale of 7.021 billion [2] - Other rare earth ETFs also reported gains, with prices and increases as follows: - 1.612 (up 6.12%, 13.496 billion) - 2.162 (up 6.08%, 33.444 billion) - 2.235 (up 6.07%, 100.317 billion) [2] Industry Insights - Analysts indicate that rare earths are core resources for high-end manufacturing and strategic emerging industries, showing a resonance in both supply and demand [2] - The strategic position of the rare earth industry chain is expected to strengthen further, providing long-term driving force for high-end manufacturing development [2]

Market Performance - The Shanghai Composite Index rose by 0.12% while the ChiNext Index increased by 1.18% [1] - The computing hardware industry chain rebounded, with CPO direction leading the gains [1] - AI computing, ultra-high voltage, rare earth permanent magnets, nuclear fusion, and fiberglass concept stocks were active [1] Sector Performance - The short drama game sector experienced a noticeable pullback, while the consumer and financial sectors showed weak performance [1] - In the ETF market, some cross-border ETFs performed well, with Huaxia Fund's Brazil ETF and E Fund's Brazil ETF rising by 5% and 3.51% respectively [1] - The Fidelity Fund's S&P Oil & Gas ETF increased by 3.77% [1] - The ultra-high voltage and battery sectors rose, with Huaxia Fund's grid equipment ETF and Guangfa's grid equipment ETF gaining 3.81% and 3.54% respectively [1] Declining Sectors - The AI application sector continued to pull back, with two film and television ETFs dropping by 4% [1] - The gaming sector declined, with Huatai-PB's gaming ETF falling by 2.7% [1] - The Hong Kong stock market's innovative drug sector also declined, with the Bank of China Innovation Drug ETF dropping by 2.3% [1]