近期，商业航天与卫星产业板块持续受到市场热捧，成为二级市场一道亮眼的风景线。政策、技术与资 本的多重共振，正推动这一"科技登高"领域进入快速发展轨道，相关指数与ETF产品近期表现较好。截 至1月9日，Wind数据显示，中证卫星产业指数年内涨幅已达22%，国证商用卫星通信产业指数涨幅也 超过18%，均实现连续多日阳线。 | 数据来源：Wind 截止 | | --- | 至20250108 除此之外，ETF涨幅榜前列几乎被卫星、通用航空主题产品包揽，其中富国基金旗下的卫星ETF （563230.SH）今年以来回报达15.99%，近3月回报达61.42%；招商基金旗下的卫星产业ETF （159218.SZ）紧随其后，今年以来回报达15.95%，近3月回报高达61.59%。此外，广发、易方达、鹏 华等多家公募的卫星相关ETF今年以来的回报均超过15%。 值得注意的是，在市场情绪高涨的背景下，也伴随出现不实信息传播。1月9日午盘期间，市场传闻"卫 星ETF下周暂停申购"，引发投资者关注。针对该传闻，多家相关基金公司迅速回应，明确表示"确定没 有，未接到相关通知"，澄清了这一不实信息，也从侧面反映出市场对该板块的关注度与 ...

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Report's Core View - Financial Street Securities Research Institute constructs a strategy portfolio based on industry and theme ETFs [2] - In the week of 20260105, the model recommends allocating sectors such as aviation equipment, aerospace equipment, and aviation airports. The strategy will newly hold products like Aerospace ETF, Satellite Industry ETF, Tourism ETF, Rare Metals ETF, and continue to hold products like Gold Stocks ETF [12] Group 3: Summary by Related Catalogs Strategy Update - Multiple ETFs are adjusted in the portfolio, including Aerospace ETF, Satellite Industry ETF, Tourism ETF, etc. [3] Performance Tracking - From 20251229 - 20251231, the strategy's cumulative net return is about -1.44%, and the excess return relative to the CSI 300 ETF is about -0.80%. From October 14, 2024 to now, the strategy's out - of - sample cumulative return is about 30.30%, and the cumulative excess return relative to the CSI 300 ETF is about 7.80% [3] ETFs' Information - Information on ETFs' market value, holding status, heavy - held Shenwan industries and weights, and timing signals are provided [3] ETFs' Adjustment in the Recent Week - Some ETFs are调出, and the future - week strategy recommends new holdings and continued holdings [3][12]

说明：博格一共有3个主要投资账户。 主要账户分别是：场内etf账户、场外某基金账户、场外投顾组合账户。 因投顾组合账户净值更新较晚，所以工作日仅统计场内账户和场外某基金账户。每周周六周报统计3个主要账户收益。 今天码字较多，下文有密集干货和文末礼品，需要大家多一点耐心阅读时间~ 截至2025年最后一个交易日收盘后： 合计持仓超过1000万（还有一些散装账户），2025年合计盈利184万，收益率为33.89%。 相比2025盈利最高时候的230万元，浮盈回撤了46万元。 一、场内ETF账户 | ( | 股票证券 | | | じく | | 公易 郑*勇 3275***4918 | C | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025年收益额 | | | ⇌ 看收益率 | 买入 | 委员 | 撤单 持仓 | 查询 | | +438.046.77 | | | | 市值 = | 持仓/可用 ( 现价/成本价(2 | | 总盈亏; | | 年 月 | | ▲ 2025年 | | 港股创新药 ... | 270000 | 1.194 | +133,125. ...

2026年格隆汇"全球视野 下注中国"十大核心ETF重磅揭晓！ 经过长达半个多月， 格隆汇数千万会员参与的投票， 活动组委会统计到数十万的有效投票， 并通过整理、统计、归类后推出此名单： | | 格隆汇2026年"全球视野 下注中国"十大核心ETF | | | | | --- | --- | --- | --- | --- | | 名称 | 44883 | 跟踪指数 | 总规模(亿元) | 管理公司 | | 创业板50ETF | 159949 | 创业板50 | 300.67 | 华安基金 | | 恒生科技ETF易方达 | 513010 | 恒生科技 | 268.96 | 易方达基金 | | 科创芯片ETF | 588200 | 科创芯片 | 396.09 | 嘉实基金 | | 机器人ETF | 562500 | 机器人 | 263.75 | 华夏基等 | | 航空航天ETF | 159227 | 国证航天 | 21.55 | 花夏宴等 | | 储能电池ETF | 159566 | 新能源电池 | 39.23 | 易方达基金 | | 有色金属ETF | 512400 | 有色金属 | 205.01 | 南方基 ...

Core Viewpoint - The investment accounts managed by the company have shown a mixed performance this year, with a total profit of 1.9 million yuan, down from a peak of 2.3 million yuan earlier in the year, indicating a drawdown of 400,000 yuan [2][3]. Group 1: Account Performance - The total assets in the on-market ETF account amount to 2.6 million yuan, while the off-market fund account holds 5.4 million yuan, and the advisory portfolio has 1.2 million yuan [7]. - The on-market ETF account has a year-to-date profit of 460,000 yuan, with a current yield of 40.19% [5][6]. - The off-market fund account has a year-to-date profit of 1.338 million yuan, with a yield of 34.21% [15][16]. Group 2: Investment Strategy - The company has shifted its strategy by reducing its position in a value ETF by 100,000 yuan and reallocating that amount to the Hang Seng Consumer ETF, which has seen a decrease in floating profit from 11% to 8% [4]. - The rationale for this shift includes the belief that consumer valuations are at historical lows and that there will likely be consumption stimulus policies next year, which could improve industry sentiment [5]. - The core holdings in the on-market ETF account focus on Hong Kong stocks, with significant investments in sectors such as innovative pharmaceuticals, technology, and consumer goods [8][9]. Group 3: Market Trends - The recent downturn in the Hong Kong stock market has not changed the company's long-term investment logic, which emphasizes the valuation advantages of Hong Kong stocks compared to A-shares [10]. - The company has noted that the recent performance of aerospace and satellite ETFs has been strong, contributing significantly to this week's profits [11]. - The company adheres to a philosophy of avoiding high-risk investments and focusing on undervalued sectors for long-term gains [12]. Group 4: Precious Metals Market - The precious metals market has experienced significant price increases, with platinum prices rising over 172% year-to-date, driven by demand from the aerospace sector [24]. - The company had previously identified platinum as a valuable investment but missed the opportunity to invest heavily at lower prices [21][24]. - The company advises against chasing prices in the current market, emphasizing the importance of strategic investment rather than following trends [25].

12月25日上午，芯片和军工相关ETF交投保持活跃，半日成交金额在10亿元左右，而机器人ETF（562500）略有放量，半日成交金 额达到7.67亿元。跨境ETF方面，受港股休市影响，整体交投平淡，仅香港证券ETF（513090）半日成交超20亿元。 | | | 半日交投活跃行业、主题ETF一览 | | | | --- | --- | --- | --- | --- | | 代码 | 名称 | 现价 | 涨幅 (%) | 总金额(亿元) | | 588200 | 科创芯片ETF | 2.332 | -0.47 | 11.94亿 | | 515880 | 通信ETF | 3.119 | -0.51 | 9.46亿 | | 512880 | 证券ETF | 1.22 | 0.16 | 8.79亿 | | 562500 | 机器人ETF | 0.971 | 1.68 | 7.67亿 | | 512710 | 军工龙头ETF | 0.737 | 3.08 | 6.87亿 | | 159206 | 卫星ETF | 1.508 | 4.5 | 6.86亿 | | 512480 | 半导体ETF | 1.464 | -0. ...

（原标题：商业航天板块大爆发！卫星ETF、航空航天ETF涨超4%） 商业航天板块大爆发！臻镭科技涨超16%，航天电子涨超8%，中国卫星涨超6%，带动卫星ETF、航空 航天ETF涨超4%；卫星ETF广发、卫星ETF易方达、卫星ETF、航天航空ETF、卫星产业ETF、航空航天 ETF、航空航天ETF天弘、通用航空ETF基金涨超3%。 卫星产业ETF追踪中证卫星产业指数，覆盖卫星制造与发射、卫星地面设备制造、卫星导航、卫星通信 以及其它技术研发与应用环节。 消息面上，随着长征十二号甲首飞入轨引爆商业航天板块，卫星概念做多热情持续高涨。 2025年中国卫星互联网进入加速组网和产业化落地的新阶段。目前国内卫星互联网工程以国家队主导、 民营企业补充，形成GW星座、千帆星座等星座体系。 2025年，中国星网（GW星座）曾在9天内完成3次发射，在轨卫星数量快速增长；多家民营火箭公司 （如蓝箭航天）在2025年进行了关键测试或试飞。自2024年12月起，中国星网开启常态化发射组网卫 星，截止到2025年12月10日，中国星网累计发射17组卫星，合计125颗。"千帆星座"，是我国在建的第 二个卫星互联网星座。截至2025年11月 ...

贵金属板块回调，矿业ETF、有色金属ETF分别跌2%和1.98%。黄金股走低，黄金股票ETF、黄金股 ETF跌1.9%。 格隆汇12月25日｜上证指数午盘涨0.29%，创业板指跌0.37%。保险股再度走强，造纸、包装行业同步 拉升，商业航天概念股反复活跃，稳定币、机器人题材表现强势。能源金属产业链回调，锂矿方向领 跌；半导体板块走弱。 ETF方面，迷你规模港股ETF连续第二日上涨，广发基金恒生ETF港股通、国泰基金港股通50ETF分别 涨7.31%、4%，最新溢折率分别为11.72%和15.11%。商业航天板块延续涨势，永赢基金卫星ETF、华泰 柏瑞基金航空航天ETF和卫星ETF广发分别涨4.5%、4.23%和3.94%。 ...

市场冲高回落，三大指数盘中一度集体翻绿。从板块来看，锂电池板块走强，液冷服务器午后拉升，半导体设备概念反复活跃；下跌方面，商业航天概念冲 高回落。 ETF涨跌幅方面，电池相关ETF涨超2%。 下跌方面，卫星相关ETF跌超4%。 | 代码 现价 | 名称 | | 。 涨跌幅 | 估算規 | | --- | --- | --- | --- | --- | | 159218.SZ | 卫星产业ETF | | 1.406 -4.42% | | | 512630.SH | 卫星ETF广发 | 1.156 -4.38% | | | | 563230.SH 1.158 | 卫星ETF | | -4.3% | | | 563530.SH | | | | | | 159206.SZ | 卫星ETF | 1.371 -4.06% | | | | 561660.SH 通用航空ETF基金 1.069 -3.87% | | | | | | 159283.SZ 通用航空ETF南方 1.002 -3.28% | | | | | | 563320.SH | 通用航空ETF | 0.976 -3.08% | | --- | --- | --- ...

Group 1 - The Aerospace ETF (159227) has a slight increase of 0.08% as of December 22, with a trading volume of 229 million yuan, maintaining its position as the largest in its category. The latest fund size reached a new high of 2.177 billion yuan [1] - China's two major satellite constellations, the State Grid Constellation (GW Constellation) and the Qianfan Constellation, have successfully launched 16 and 6 groups of satellites respectively, significantly increasing launch frequency and the number of satellites in orbit. By 2025, China's commercial space industry is expected to achieve breakthroughs across the entire satellite manufacturing, launching, networking, and application chain [1] - CITIC Securities indicates that by December 2025, SpaceX will have successfully launched 3,095 Starlink satellites, and domestic development of a recoverable medium-sized launch vehicle comparable to Falcon 9 is anticipated, marking a turning point in capacity constraints. The significant reduction in launch costs is expected to accelerate the realization of markets for satellites, terminals, and computing power, confirming the investment position of commercial space [1] Group 2 - The Aerospace ETF (159227) closely tracks the National Securities Aerospace Index, covering leading companies across the entire industry chain including fighter jets, aircraft engines, rockets, missiles, satellites, and radars, aligning perfectly with the "aerospace integration" strategic direction. The commercial aerospace concept accounts for a high weight of 64% [2] - The top ten holdings include industry leaders such as Aerospace Development, China Satellite, Aerospace Electronics, AVIC Aircraft, and AVIC High-Tech [2]