"私募机构积极配置ETF，是市场环境、资金策略与监管导向共同作用的结果，也反映出市场逐步走向成熟。"上海畅力资 产管理有限公司董事长宝晓辉在接受《证券日报》记者采访时分析称，从市场维度看，在结构性行情和行业轮动加速的背景 下，通过传统自下而上选股获取超额收益的难度加大，ETF为私募机构提供了高效把握行业机会和风格轮动的工具，有助于快 速调整配置并规避个股风险。从投资策略看，私募机构将ETF纳入投资组合，主要是为了满足流动性管理、战术配置以及对新 兴赛道的快速布局等多方面需求。此外，随着监管部门对信息披露要求的提高，部分私募机构也倾向于通过透明度高的ETF实 施策略，兼顾合规要求与策略灵活性。 深圳市融智私募证券投资基金管理有限公司FOF基金经理李春瑜对《证券日报》记者表示："私募机构将ETF作为重要配置 工具，主要价值体现在四个方面：一是风险分散，通过一篮子资产投资，降低单一标的波动风险；二是交易效率高、成本低， 操作便捷且综合成本低于主动型产品；三是策略应用灵活，便于基金经理快速布局细分赛道；四是良好的流动性管理功能，为 应对赎回和把握机会提供支持，最终实现组合的动态优化。" 在ETF产品选择上，数据显示， ...

Market Overview - After the National Day holiday, gold prices surged, while equity market indices showed mixed performance, with the Shanghai Composite Index closing higher [4] - In terms of industries, non-ferrous metals, coal, and steel sectors saw the highest gains, while media, electronics, and electrical equipment sectors experienced the largest declines [4] Fund Issuance - Four new funds were established in the domestic market this week, totaling 1.13 billion units issued. This includes two equity funds, one bond fund, and one FOF fund [5] - A total of 24 new funds were issued across the market, comprising 11 equity funds, 6 bond funds, 4 mixed funds, 2 FOF funds, and 1 international (QDII) fund [5] Fund Performance Tracking - Long-term thematic fund indices showed that cyclical theme funds outperformed, while pharmaceutical theme funds continued to decline. As of October 10, 2025, the weekly performance of various thematic funds was as follows: cyclical (3.31%), financial real estate (0.22%), consumption (-1.23%), industry rotation (-1.29%), defense and military (-1.33%), balanced industry (-1.53%), TMT (-3.00%), new energy (-3.01%), and pharmaceuticals (-3.96%) [6] - Passive index funds saw significant performance from cyclical theme products such as non-ferrous metals and coal [6] ETF Market Tracking - Domestic stock ETFs experienced substantial net inflows, with major investments in TMT, new energy, and cyclical industry ETFs, while large-cap theme ETFs saw reductions in holdings. The median return for stock ETFs this week was -0.74%, with a net inflow of 37.626 billion yuan [7] - Hong Kong stock ETFs had a median return of -3.06% and a net inflow of 5.332 billion yuan, while cross-border ETFs had a median return of 1.74% with a net inflow of 0.269 billion yuan. Commodity ETFs had a median return of 2.96% and a net inflow of 3.128 billion yuan [7] - Notably, the Sci-Tech Innovation Board theme ETFs saw significant inflows totaling 5.599 billion yuan, and TMT theme ETFs also experienced substantial inflows of 12.205 billion yuan [7] Fund Positioning - The estimated position of actively managed equity funds increased by 0.07 percentage points compared to the previous week. In terms of industry allocation, sectors such as social services, real estate, and banking received increased funding, while coal, telecommunications, and pharmaceutical sectors faced reductions [8] ESG Financial Products Tracking - One new green bond was issued this week, with a scale of 13.5 billion yuan. The domestic green bond market has steadily developed, with a cumulative issuance scale of 4.87 trillion yuan and a total of 4,185 bonds issued as of October 10, 2025 [9] - In terms of fund performance, the median weekly return for actively managed equity, passive index equity, and bond ESG funds was -2.40%, 0.22%, and 0.06%, respectively. Thematic funds focusing on low-carbon economy, Belt and Road Initiative, and green electricity showed significant outperformance [9] - As of October 10, 2025, there are 215 ESG funds in the domestic market, with a total scale of 167.335 billion yuan [9]

Group 1 - The allocation ratio of actively managed equity funds in the Sci-Tech Innovation Board reached a historical high of 15.36% by the end of Q2, an increase of 0.19 percentage points from the end of Q1 [1] - The overall scale of Sci-Tech Innovation Board thematic funds has surpassed 300 billion yuan, indicating a rapid expansion of the thematic fund sector [1] - The proportion of equity investments in various Sci-Tech Innovation Board funds remains high, with some funds like Bosera's Sci-Tech Board three-year open mixed fund having an equity investment ratio of 97.77% [1] Group 2 - With the U.S. interest rates peaking and the Federal Reserve entering a rate-cutting phase, domestic asset valuations are gradually entering an upward range, leading funds to maintain high positions in hard technology investments [2] - A significant number of Sci-Tech Innovation Board stocks have entered the top 50 holdings of public funds, with 230 funds heavily invested in SMIC, totaling over 8 billion yuan in market value [2] - The thematic fund sector has rapidly expanded since the implementation of the "Eight Articles of Sci-Tech Innovation Board," with a comprehensive range of index tools now available [2] Group 3 - As of July 23, the number of Sci-Tech Innovation Board thematic ETFs has increased to 88, with a total scale of approximately 267.4 billion yuan [3] - More than 50 new Sci-Tech Innovation Board thematic ETFs have been listed in the past year, indicating strong market interest and growth potential [3] - The optimistic outlook for A-share technology growth sectors is driven by multiple favorable factors, including advancements in artificial intelligence and improvements in the innovative drug sector [3]

科创板主题ETF规模已达2500亿元 金十数据4月14日讯，上交所近日披露的数据显示，科创板主题ETF的规模合计已达2500亿元，其中71 只科创板ETF已上市交易。自"科创板八条"政策发布以来，新增42只科创板ETF上市，较"科创板八 条"发布前数量翻倍；布局科创板ETF的基金公司达26家，较"科创板八条"发布前增加12家。 （证券时 报） ...