今年以来，A股的结构化行情催生的主题和行业指数的火爆。 从资金流向来看，8月25日，国内ETF总规模正式突破5万亿大关，实现了又一里程碑式的突破。拆开来 看，主题ETF、行业ETF最新规模分别为6209亿元、2568亿元，较4月份分别增长39%和34%，在股票型 ETF各类产品中排名前列。 为什么资金青睐行业和主题ETF？行业和主题ETF由于跟踪特定行业或主题，可以一键布局某一赛道的 全部核心标的，因而当行情来临时，通常能展现出更大的弹性。尤其是在结构化行情中，选对ETF则有 望获得更高的收益。 在国产替代和AI算力需求双重驱动下，半导体行业当前正处于景气上行周期。一方面，西方国家持续 对中国半导体产业进行技术封锁和打压，国内硬科技攻坚迫在眉睫，国产替代机会凸显；另一方面，随 着人工智能的快速发展，对算力需求呈现出爆发式增长，有望驱动半导体产业链加速发展。 那么，问题来了，站在当下时点，行业和主题ETF该如何选择？今天就来盘一下几只非常有潜力的 ETF。 PART 1：大金融领域 证券ETF（512880） 联接A：012362 联接C：012363 联接E：022509 券商板块向来有"牛市旗手"的称号，近 ...

西部证券指出，大规模设备更新政策加力扩围带动效果持续显现，设备购置投资快速增长。增值税发票 数据显示，2024年4月-2025年2月，全国企业采购机械设备类金额同比增长5.9%；2024年10月-2025年2 月同比增长7.1%，设备更新动力进一步增强，反映出随着大规模设备更新方案落地，企业设备更新加 快。今年1-6月份，设备工器具购置投资同比增长17.3%，增速比全部投资高14.5个百分点，对全部投资 增长的贡献率为86.0%。此外，反映基建投资的土木工程建筑业销售收入同比增长11.6%，建筑工程用 机械制造销售收入同比增长6.3%，显示建筑施工投入加快。政策推动下，机械设备及自动化设备行业 需求保持较高景气度。 机器人产业ETF（159551）跟踪的是机器人指数（H30590），该指数聚焦于机器人产业链相关企业，成 分股覆盖了从上游零部件到下游集成应用的全产业链。指数倾向于配置在自动化、智能制造等领域的公 司，以反映机器人行业的整体发展趋势与市场表现。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承 ...

机器人产业ETF（159551）跟踪的是机器人指数（H30590），该指数聚焦于机器人及自动化相关领域， 选取从事机器人研发、制造及其应用的高科技企业证券作为指数样本，以反映机器人行业上市公司证券 的整体表现。指数覆盖工业机器人、服务机器人等多个高技术含量细分领域，充分体现该行业的成长性 特征。 （文章来源：每日经济新闻） 山西证券指出，2025年有望成为人形机器人量产元年，国产供应链机遇较大。人形机器人商业、工业端 需求值得期待，主机厂登陆资本市场有望加速行业发展。美国关税政策落地背景下，国内工业供应链、 工程师队伍等成本效率优势支撑头部企业加速出海，海外产能布局有望提升份额。AI加持下，叉车无 人化及纺织设备自动化产业机遇显现，智能物流产业化加速推进，服装行业少人化、无人化诉求推动生 产效率提升。行业数据显示，2025年1-6月工业机器人累计产量同比增长35.6%，金属切削机床累计产量 同比增长13.5%，自动化设备需求保持强劲增长。 ...

Market Overview - The three major A-share indices showed mixed results, with the Shanghai Composite Index rising by 0.27%, while the Shenzhen Component Index and the ChiNext Index fell by 0.11% and 0.45% respectively [1] - The trading volume in the Shanghai and Shenzhen markets was less than 1.5 trillion yuan, a decrease of approximately 250 billion yuan compared to the previous Friday [1] Robotics Sector Performance - Human-shaped robot concept stocks led the gains, with Upway New Materials hitting a 20% limit-up for four consecutive trading days, and both New Times and Dafeng Industrial reaching their daily limit [1] - Robotics ETFs, including E Fund and Robotics 50 ETF, increased by over 2.6% [1][3] Fund Inflows - Over 18.6 billion yuan has flowed into robotics ETFs this year, with notable inflows of 10.9 billion yuan into the Huaxia Robotics ETF, 4.7 billion yuan into the Tianhong Robotics ETF, and 1.6 billion yuan into the E Fund Robotics ETF [5][7] ETF Details - The E Fund Robotics ETF and Robotics 50 ETF track the National Index of the Robotics Industry, covering key stocks across the robotics supply chain, including leading companies in various segments such as dual-ring transmission and service robots [9] - The performance of various robotics ETFs includes: - Robotics 50 ETF: +2.89% - E Fund Robotics ETF: +2.68% - Robotics Industry ETF: +2.07% [3] Production Growth - In May 2025, China's industrial robot production reached 69,100 units, a year-on-year increase of 35.5%, driven by the expansion of new energy vehicle production and the recovery of consumer electronics [10] - The service robot production in May 2025 was 1.2164 million units, reflecting a year-on-year growth of 13.8% [11] Industry Outlook - The Chinese robotics industry is experiencing a historical opportunity for growth, with domestic brands expected to increase their market share due to recovering demand and continuous policy support [11]

Market Overview - The market experienced a steady rise throughout the day, with the ChiNext Index leading the gains, and the Shanghai Composite Index surpassing 3400 points again. The total trading volume in the Shanghai and Shenzhen markets reached 1.41 trillion yuan, an increase of 292 billion yuan compared to the previous trading day. The Shanghai Composite Index rose by 1.15%, the Shenzhen Component Index by 1.68%, the ChiNext Index by 2.30%, and the CSI A500 Index by 1.34% [1]. Tesla Robotaxi Launch - Tesla has launched its Robotaxi pilot operation in Austin, Texas, with an initial fleet of 10 Model Y vehicles, charging passengers a fixed fee of $4.2. The service operates from 6 AM to 12 AM and currently includes a safety driver in the passenger seat. Elon Musk plans to expand the fleet to 1,000 vehicles within months, with projections of over 1 million autonomous Teslas in operation by the end of 2026. This initiative is expected to significantly increase Tesla's market value by $5-10 trillion [3][5]. - The market reacted positively to the news, with Tesla's stock rising by 8.23% on Monday [3]. Impact on Domestic Companies - The successful rollout of Tesla's Robotaxi is anticipated to serve as a demonstration effect, accelerating the commercialization of Robotaxi services among domestic companies. Leading firms in this space include Baidu, WeRide, and Pony.ai, which are intensifying their investments in autonomous driving technology [5]. - A joint investment by Hello Chuxing, Ant Group, and CATL has led to the establishment of Shanghai Zhaofu Intelligent Technology Co., focusing on L4 autonomous driving technology development and commercialization [5]. Robotics Sector Performance - The robotics sector saw significant gains, with the Robotics Industry ETF rising by 3.56%. This increase is attributed to the acceleration of Tesla's Robotaxi commercialization and the anticipated showcase of unmanned intelligent equipment during China's military parade in September. The industrial robot market in China is expected to recover in Q1 2025, with an estimated shipment of 77,000 units, reflecting an 11.6% year-on-year growth [6]. Humanoid Robots and AI Applications - Concerns over order cancellations have affected the sentiment in the humanoid robot sector, but the long-term outlook remains positive as humanoid robots are seen as key applications of AI technology. 2025 is projected to be a breakthrough year for humanoid robots, with Tesla's Optimus project advancing to its third-generation product development [7]. - The AI application commercialization is accelerating, with OpenAI reporting an annual recurring revenue (ARR) of $10 billion, nearly doubling year-on-year. Kuaishou's AI revenue exceeded 150 million yuan in Q1, with a monthly revenue surpassing 100 million yuan in recent months [9][10].

今天A股高开高走，市场逾4100股上涨。截至收盘，上证指数收涨0.82%，深证成指涨1.72%，创业板指 涨2.63%，A股成交1.34万亿元。从盘面上看，军工板块再度大涨，机器人、通信等板块涨幅居前。黄 金、创新药等板块表现不佳。 央视新闻报道，中美经贸高层会谈5月10日至11日在瑞士日内瓦举行。中美经贸中方牵头人、国务院副 总理何立峰当地时间11日晚在出席中方代表团举行的新闻发布会时表示，此次中美经贸高层会谈坦诚、 深入、具有建设性，达成重要共识，并取得实质性进展。双方一致同意建立中美经贸磋商机制。经过中 美双方的共同努力，会谈富有成效，迈出了通过平等对话协商解决分歧的重要一步，为进一步弥合分歧 和深化合作打下了基础、创造了条件。 今天早些时候，商务部发布中美日内瓦经贸会谈联合声明，双边关税水平将大幅降低，美方取消了共计 91%的加征关税，中方相应取消了91%的反制关税；美方暂停实施24%的"对等关税"，中方也相应暂停 实施24%的反制关税。此举标志着这两个全球最大经济体之间的贸易紧张局势出现重大缓和。 近期引导中长期资金入市政策出台，在政策端稳市场力度较强的背景下，市场底部存在一定支撑。前期 关税扰动冲 ...