Core Viewpoint - The carbon-neutral ETFs launched by the Shanghai Environment and Energy Exchange have been operating smoothly for three years, with active trading and significant capital inflow into low-carbon sectors [1][5]. ETF Performance - Eight carbon-neutral ETFs have a cumulative trading volume of 111.858 billion yuan, with an average daily trading volume of 1.54 million yuan as of July 18, 2025 [2]. - The ETFs include various fund managers, with the highest cumulative trading volume recorded by the "Double Carbon ETF" managed by Yingguozhangguan at 31.16712 billion yuan [2][5]. - The average turnover rate for the ETFs varies, with the "Double Carbon ETF" showing a turnover rate of 3.05%, indicating good liquidity [2][5]. Fund Structure - The carbon-neutral ETFs are linked to the Shanghai Environment and Energy Exchange's carbon-neutral index, which was developed in collaboration with the Shanghai Stock Exchange and China Securities Index Co., Ltd. [4][5]. - The index utilizes a unique carbon reduction model, allowing for a broad industry inclusion and alignment with carbon neutrality pathways [4][5]. Investment Impact - The carbon-neutral ETFs have attracted over 250,000 fund holders, demonstrating significant investor interest in low-carbon investment products [6]. - The sample stocks of the carbon-neutral index have shown a significant reduction in carbon emission intensity, with an average annual decrease of 32.87% from 2016 to 2024 [6]. Industry Distribution - The weight of the ETFs is primarily concentrated in the industrial, materials, and utilities sectors, accounting for a total of 86.7% [10].