ETF 日报 2025.11.24 市场概况： ◼ 今日 A 股上证综指上涨 0.05%，收于 3836.77 点，深证成指上涨 0.37%，收于 12585.08 点，创业板指上涨 0.31%，收于 2929.04 点， 两市 A 股成交金额为 17406 亿元。涨幅靠前的行业有：国防军工 （4.31%）、传媒（3.49%）、计算机（2.41%），跌幅靠前的行业有： 石油石化（-1.21%）、煤炭（-1.09%）、银行（-0.79%）。 股票 ETF： ◼ 今日成交金额靠前的股票 ETF 为：华夏中证 A500ETF 上涨 0.18%， 贴水率为 0.13%；华泰柏瑞沪深 300ETF 下跌 0.15%，贴水率为- 0.13%；国泰中证 A500ETF 涨跌幅为 0.00%，贴水率为 0.13%。 债券 ETF： ◼ 今日成交金额靠前的债券 ETF 为：海富通中证短融 ETF 上涨 0.01%， 贴水率为 0.00%；博时中证可转债及可交换债券 ETF 下跌 0.08%， 贴水率为 0.06%；华夏中证 AAA 科技创新公司债 ETF 上涨 0.01%， 贴水率为-0.21%。 2025 年 11 月 24 ...

ETF 日报 2025.11.21 市场概况： ◼ 今日 A 股上证综指下跌 2.45%，收于 3834.89 点，深证成指下跌 3.41%，收于 12538.07 点，创业板指下跌 4.02%，收于 2920.08 点， 两市 A 股成交金额为 19839 亿元。跌幅靠前的行业有：综合（- 5.50%）、有色金属（-5.26%）、电力设备（-5.17%）。 股票 ETF： ◼ 今日成交金额靠前的股票 ETF 为：易方达创业板 ETF 下跌 4.03%， 贴水率为-3.93%；华泰柏瑞沪深 300ETF 下跌 2.40%，贴水率为- 2.41%；华夏中证 A500ETF 下跌 2.78%，贴水率为-2.77%。 债券 ETF： ◼ 今日成交金额靠前的债券 ETF 为：海富通中证短融 ETF 下跌 0.00%， 贴水率为 0.00%；博时中证可转债及可交换债券 ETF 下跌 0.77%， 贴水率为-0.88%；中银上证 AAA 科创债 ETF 上涨 0.02%，贴水率为 -0.21%。 2025 年 11 月 21 日 ETF 日报 证券研究报告-ETF 日报 分析师：马遥识途 资格证书：S1330524050 ...

2025年11月21日，Wind数据显示，A股三大指数今日集体重挫，截止收盘，沪指跌2.45%；深证成指跌3.41%；创业板指跌4.02%。沪深两市成交额达到 19657亿。 活跃度方面，银华日利ETF(511880)成交额居首 涨幅方面，传媒板块逆市领涨 具体来看，传媒ETF(159805)、传媒ETF(512980)逆市领涨。0-4地债ETF(159816)、科创债ETF兴业(551560)、10年地方债ETF(511270)、科创债ETF中银 (551060)、科创债ETF景顺(159400)、科创债ETF泰康(551580)、国开ETF(159650)、信用债ETF大成(159395)表现稳健。 消息面上，谷歌的新一代多模态AI模型、第二代Gemini 3.0 Pro Image更新。这带来了显著提升的图像质量、更高的准确性，以及更好的多语言长文本渲染能 力。 浙商证券表示，2026年是"十五五"开局之年，中国经济有望呈现"开门红"态势。宏观政策将从超常规逆周期调节逐步回归常态，结构上更聚焦科技自立自强 与新质生产力培育。外需将保持韧性，内需则依赖财政在"投资于人"与消费供给侧的发力拉动。 申万宏源表 ...

ETF 日报 2025.11.19 市场概况： ◼ 今日 A 股上证综指上涨 0.18%，收于 3946.74 点，深证成指下跌 0.00%，收于 13080.09 点，创业板指上涨 0.25%，收于 3076.85 点， 两市 A 股成交金额为 17428 亿元。涨幅靠前的行业有：有色金属 （2.39%）、石油石化（1.67%）、国防军工（1.11%），跌幅靠前的行 业有：综合（-3.08%）、房地产（-2.09%）、传媒（-1.72%）。 股票 ETF： ◼ 今日成交金额靠前的股票 ETF 为：华夏中证 A500ETF 上涨 0.17%， 贴水率为 0.24%；华泰柏瑞中证 A500ETF 上涨 0.16%，贴水率为 0.29%；国泰中证 A500ETF 上涨 0.17%，贴水率为 0.31%。 债券 ETF： ◼ 今日成交金额靠前的债券 ETF 为：海富通中证短融 ETF 上涨 0.01%， 贴水率为 0.00%；华夏上证基准做市国债 ETF 下跌 0.06%，贴水率 为-0.01%；易方达中证 AAA 科技创新公司债 ETF 上涨 0.02%，贴水 率为-0.25%。 2025 年 11 月 19 日 ...

2025年11月19日，Wind数据显示，A股三大指数今日涨跌不一，截止收盘，沪指涨0.18%；深证成指微幅收跌；创业板指涨0.25%。沪深两市成交额17259 亿。 跌幅方面，影视、传媒相关ETF回调居前 | | | ETF跌幅 TOP10 | | | | --- | --- | --- | --- | --- | | 证券代码 | 证券名称 | 跌幅(%) | 基金管理人 | 投资类型 | | 516620 | 影视ETF | -2.44 | 国泰基金 | 被动指数型基金 | | 159802 | 传媒ETF | -2.44 | 腸束事業 | 被动指数型基金 | | 159822 | 影视ETF | -2.42 | 報ホ真実 | 被动指数型基金 | | 159728 | 在线消费ETF | -2.33 | 南方基金 | 被动指数型基金 | | 159725 | 线上消费ETF | -2.16 | 工银瑞信基金 | 被动指数型基金 | | 516190 | 文娱传媒ETF | -2.14 | 非夏基金 | 被动指数型基金 | | 512980 | 传媒ETF | -2.12 | 广发基金 | 被动指数型基金 ...

Market Overview - The A-share market exhibited a range-bound fluctuation with reduced volatility, indicating a stabilization in market sentiment. The major indices, including the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index, experienced declines of 0.18%, 1.40%, and 3.01% respectively [1] - The trading volume in the Shanghai and Shenzhen markets fell below 2 trillion yuan on several days, reflecting a significant decrease in market activity and a growing sense of caution among investors [1] - The average decline of all ETFs was 0.62%, with commodity ETFs showing a notable increase of 2.95%, while cross-border ETFs also performed well with an average increase of 1.55% [1] ETF Performance - The innovative drug sector is showing signs of recovery, with nine out of the top ten performing ETFs related to innovative drugs, some exceeding a 7% increase. The overall revenue of the innovative drug sub-sector grew by 23.34%, and the CXO sector's net profit increased by 55.90% year-on-year, significantly outperforming the industry average [2][3] - The communication and AI-related ETFs continued to decline as the market adjusts to the valuations of previously high-performing sectors. However, this short-term adjustment may provide better long-term investment opportunities [4] Fund Trends - Despite market fluctuations, thematic ETFs remain the main attraction for capital, with a net inflow of 145.37 billion yuan during the period. Stock ETFs saw a net inflow of 46.20 billion yuan, indicating a preference for equity investments [5] - Gold and brokerage ETFs attracted significant capital inflows, with the gold ETF receiving over 2.5 billion yuan, highlighting a strong demand for safe-haven assets [7] ETF Issuance Market - Two new ETFs are set to launch next week, including the Huaxia CSI Photovoltaic Industry ETF, which tracks the performance of companies involved in the photovoltaic industry chain, reflecting China's strong position in the global photovoltaic market [9] - The Southern Hang Seng Technology ETF aims to track the Hang Seng Technology Index, which covers various sectors of the technology industry, indicating potential growth in the Hong Kong stock market [10]

Market Overview - A-shares experienced a collective pullback with the Shanghai Composite Index down by 0.97%, Shenzhen Component down by 1.93%, and ChiNext down by 2.82% on November 14, 2025, with a total trading volume of 1,958.1 billion yuan [1] ETF Performance - Oil and gas-related ETFs led the gains, with the top performers including: - Oil and Gas ETF Bosera (561760) up by 2.02% - Oil and Gas Resource ETF (159309) up by 1.68% - Oil and Gas Resource ETF (263150) up by 1.48% [2] - Conversely, the top decliners included: - Sino-Korea Semiconductor ETF (513310) down by 4.45% - Hang Seng Internet ETF (159688) down by 3.66% - ChiNext AI ETF Guotai (159388) down by 3.64% [4] Sector Insights - Guolian Minsheng Securities noted that OPEC+ unexpected production increases and U.S. tariffs are pressuring oil prices, but a slowdown in U.S. oil and gas production growth may provide fundamental support. The focus remains on leading oil and gas central enterprises with quality upstream assets and high dividends [3] - The current investment strategy is diversified, emphasizing "anti-involution," domestic demand, and emerging industries. The traditional cyclical chemical sector is expected to see improvements as excess capacity is gradually eliminated [3] A-share Strategy Outlook - Guoxin Securities projected that the bull market initiated in 2024 is not over, entering its second phase with a shift from sentiment to fundamentals. The focus for 2026 will be on technology, particularly in AI applications, robotics, and smart driving [5] - The market is expected to revolve around themes of technological self-reliance, industrial upgrades, and resource security, with opportunities in AI, semiconductors, and high-end manufacturing [5] ETF Trading Activity - The Short-term Bond ETF (511360) had the highest trading volume at 19.797 billion yuan, followed by Silver Hua Daily ETF (211880) at 12.553 billion yuan and Huabao Tianyi ETF (211990) at 11.818 billion yuan [6][7] - The National Debt Policy Bond ETF (511580) led in turnover rate at 275%, indicating high trading activity [7] New ETF Launch - A new QDII product, the Hang Seng Technology ETF Southern (520570), will be launched next Monday, tracking the Hang Seng Technology Index. It is suitable for investors optimistic about China's long-term tech development [8]

Group 1: Market Performance - Xpeng Motors' stock surged nearly 18%, leading to a strong performance in the Hong Kong automotive sector [1][2] - The overall market saw significant inflows into various ETFs, particularly in the automotive and gold sectors, with multiple ETFs tracking these sectors showing notable gains [1][2][5] Group 2: ETF Highlights - Several automotive ETFs outperformed the market, with multiple products tracking the Hong Kong automotive sector leading the gains [2][3] - Gold-themed ETFs continued to show strength, with many commodity gold ETFs rising over 1.4% [4][5] Group 3: Fund Inflows - Since October, sectors such as gold, Hang Seng technology, banking, and securities have attracted significant capital, with several ETFs seeing net inflows exceeding 50 billion [1][7] - The Huatai-PineBridge Dividend Low Volatility ETF attracted 4.166 billion in net inflows since October, indicating strong interest in dividend-focused investments [7][8] Group 4: Market Trends - The current market environment is characterized by structural trends, with a focus on dividend assets as institutional demand for high-dividend, low-valuation equities increases [9] - Analysts suggest that the market may experience rapid rotation among themes, with potential opportunities in sectors like electric grid equipment, lithium batteries, and chemicals [9]

Group 1 - The core point of the article highlights that the Yin Hua Ri Li ETF (511880.SH) experienced a slight increase of 0.01% on November 11, 2025, despite significant net outflows of 1.36 billion yuan from major funds [1] - The fund's latest trading volume reached 145 million shares, while the latest trading amount fell below 15 billion yuan, marking a new low in trading volume over the past month [1]

Market Performance - The A-share market showed a mixed performance last week, with the Shanghai Composite Index, CSI 300, and ChiNext Index gaining 1.08%, 0.82%, and 0.65% respectively, while the SME Board Index, CSI 500, and STAR 50 Index recorded losses of -0.59%, -0.04%, and 0.01% respectively [1] - In terms of sectors, power equipment and new energy, steel, and oil and petrochemicals performed well with gains of 5.10%, 4.57%, and 4.56% respectively, while pharmaceuticals, computers, and comprehensive finance lagged with losses of -2.36%, -2.08%, and -1.98% respectively [1] Fund Flows - Last week, the total net inflow for ETFs across the market was 239.45 billion yuan, with stock ETFs experiencing a net outflow of 10.35 billion yuan, while cross-border stock ETFs saw a net inflow of 116.3 billion yuan [2] - The net inflows for various indices included 73.86 billion yuan for Hang Seng Technology, 59.38 billion yuan for money market funds, and 43.10 billion yuan for securities companies, while the CSI 300 and CSI 500 experienced net outflows of 88.35 billion yuan and 23.94 billion yuan respectively [2][4] ETF Performance - The median weekly return for stock ETFs was 0.43%, with the CSI 300 ETF and the Shanghai Composite 50 ETF showing median returns of 0.82% and 0.89% respectively [11] - The top-performing ETFs included the Electric Grid Equipment ETF and various photovoltaic ETFs, which saw returns of 10.92%, 10.80%, and 9.30% respectively [12][14] - Conversely, the worst performers included the Sci-Tech Innovation Drug ETFs, which experienced declines of -7.59% and -7.38% [16][18] New Fund Launches - A total of 45 funds were reported last week, maintaining the same number as the previous week, including three FOFs and one QDII [19] - Upcoming launches include several ETFs focused on photovoltaic industries and internet sectors, indicating a continued interest in these areas [19][20]