值得一提的是，食品饮料ETF天弘(159736)盘中再获资金逆市布局，截至目前，该基金净申购份额已达800万份。 | | 食品饮料ETF天弘 159736 | देन | | --- | --- | --- | | | 通 融 ノ Q + | | | 实时申购赎回信息 | 申购 | 赎回 | | 笔数 | 4 | 0 | | 金额 | 0 | 0 | | 份额 | 800万 | 0 | 拉长时间看，截至10月27日，食品饮料ETF天弘(159736)最新份额达78.60亿份，创近1年新高。 从资金净流入方面来看，食品饮料ETF天弘(159736)近9天获得连续资金净流入，合计"吸金"1.17亿元。 【产品亮点】 食品饮料ETF天弘(159736)是全市场最大的食品饮料类ETF，该指数覆盖酒、饮料、食品三大刚需赛道，成分股以贵州茅台、五粮液、伊利股份等行业龙头 为主，相比纯白酒指数兼顾酒、奶、调味品等多元消费场景，抗单一行业波动能力更强，适合长期布局消费升级。 【相关产品】 截至2025年10月28日14:28，食品饮料ETF天弘(159736)调整蓄势，成交1426.42万元。跟踪指数成分股方面涨跌互现，华统 ...

【热点事件】 上证指数突破4000点大关，航空航天从未缺席每一轮超过4000点的牛市行情：2007年沪指第一次站上4000点后，国证航空航天指数上涨38.08%。2015年沪 指第二次站上4000点后，国证航空航天指数上涨66.26%。 【机构观点】 中信建投证券指出，在重要会议公报中，把发展实体经济作为经济发展的着力点，特别提出了航天强国，把高水平科技自立自强，引领发展新质生产力放在 突出位置，重点提出要坚持把发展经济的着力点放在实体经济上，坚持智能化、绿色化、融合化方向，加快建设制造强国、质量强国、航天强国、交通强 国、网络强国，保持制造业合理比重，构建以先进制造业为骨干的现代化产业体系。要优化提升传统产业，培育壮大新兴产业和未来产业，促进服务业优质 高效发展，构建现代化基础设施体系。 【更多产品】 | 之 宽基 | | | | --- | --- | --- | | 159977 | 创业板ETF天弘 | 创业板 | | 589860 | 科创综指ETF天弘 | 科创板 | | 159360 | 中证A500ETF天弘 | A股风向标 | | ~ 行业 | | | | 520920 | 恒生科技ETF天 ...

Core Insights - The Aerospace ETF Tianhong (159241) has shown a 0.77% increase as of October 27, 2025, with a trading volume of 64.86 million yuan, indicating active market participation [3] - The ETF closely tracks the Guozheng Aerospace Index, with a high concentration of 98.2% in the military industry, covering key sectors such as aerospace equipment, satellite navigation, and new materials [3] - Recent developments include the third CATA Aviation Conference held in Beijing, focusing on the integration of transport and general aviation, and the launch of a national low-altitude economy skills competition [3][4] Product Highlights - The Aerospace ETF Tianhong (159241) is recognized for its high purity in military exposure, featuring leading companies in the aerospace sector, including those involved in large aircraft development and commercial space [3] - The ETF has seen a net inflow of 10.38 million yuan over the last three days, reflecting investor confidence [3] Industry Trends - The Civil Aviation Administration of China indicated a shift in the aviation sector towards optimizing existing resources while enhancing quality and efficiency during the 14th Five-Year Plan [4] - CICC highlighted the strategic importance of the aerospace industry, noting its elevated status following the Fourth Plenary Session, which emphasizes the development of a modern industrial system [5] - The commercial aerospace sector, including satellite internet and BeiDou navigation, is expected to accelerate during the 14th Five-Year Plan, driven by international competition [5]

综合来看，通过相关ETF基金来布局往往是市场更加认同的稳健策略。比如航空航天ETF天弘(159241)跟踪指数国证航天指数，堪称可以一键实现"军工+卫 星"双轮驱动，其在申万一级行业分类中，与国防军工权重占比高达98.2%，是全市场最"纯"军工指数，同时该指数与低空经济、卫星互联网、商业航天等热 门主题高度契合——与申万二级行业的"航空装备+航天装备"权重合计超68%，与军民融合含量高达76.55%，与大飞机和低空经济的含量也均超50%。 【热点事件】 据报道，近日，东部战区空军多支部队开展实战化训练，检验部队对重点区域侦察预警、空中封锁、精准打击等能力。数架歼-10以战斗编队飞赴某目标空 域，多架轰-6K赴台岛周边海空域展开模拟对抗训练。在官方发布的视频中，来自东部战区空军航空兵某旅的相关负责人表示，部队守卫海空安全，维护祖 国统一的实战能力加速提升。 【机构观点】 信达证券指出，景气反转+价值重估+事件催化，2025年或将是"双周期共振，产业大拐点，军工投资大年"。1）景气反转：我们认为，自2025Q2起，火炬电 子/宏达电子/鸿远电子等上游电子元器件业绩明显改善，标志行业大拐点已现，我们预计，军工板块业 ...

截至2025年10月27日 09:31，创业板ETF天弘(159977)上涨1.58%，成交额迅速走阔。跟踪指数成分股南大光电(300346)上涨8.68%，湖南裕能(301358)上涨 7.95%，乐普医疗(300003)上涨6.25%，菲利华(300395)，康龙化成(300759)等个股跟涨。 截至2025年10月24日，创业板ETF天弘(159977)近1周累计上涨7.87%。创业板ETF天弘(159977)近3月份额增长21.85亿份，实现显著增长。 【产品亮点】 创业板ETF天弘(159977)跟踪的创业板指是4月8日以来表现最猛的宽基指数，截至10月23日累计上涨75.50%，截至10月26日回调4.54%，回调幅度低于科创 类指数。创业板指数以新能源产业为引领，全面覆盖高端制造、信息科技、生物医药等中国具有全球竞争优势的战略性新兴产业领域，该指数最新市盈率为 43.51倍，处于上市以来41.75%分位点，估值处宽基指数最低。 【相关产品】 创业板ETF天弘(159977)，对应场外联接(A：001592；C：001593；Y：022960)。 【热点事件】 10月25日至26日，中美代表在马来 ...

截至2025年10月24日 13:09，食品饮料ETF天弘(159736)回调蓄势，成交2135.22万元。跟踪指数成分股方面涨跌互现，佳禾食品(605300)领涨3.27%，汤臣倍 健(300146)上涨2.99%，粤桂股份(000833)上涨2.84%。 值得一提的是，食品饮料ETF天弘(159736)盘中再获资金逆市布局，截至目前，该基金净申购份额已达1800万份。 | | 食品饮料ETF天弘 159736 | ਕੋ | | --- | --- | --- | | | 通 融 △ ○ + | | | 实时申购赎回信息 | 申购 | 赎回 | | 筆数 | 9 | 0 | | 金额 | 0 | 0 | | 份额 | 1800万 | 0 | 拉长时间看，截至10月23日，食品饮料ETF天弘(159736)最新份额达78.04亿份，创近1年新高。 从资金净流入方面来看，食品饮料ETF天弘(159736)近7天获得连续资金净流入，最高单日获得2163.40万元净流入，合计"吸金"7661.88万元。 截至2025年10月24日 13:16，中证A500ETF天弘(159360)上涨1.05%，成交3739.99 ...

Core Insights - The Tianhong Food and Beverage ETF (159736) is experiencing significant capital inflow, with a net subscription of 22 million shares and a total of 7.768 billion shares, marking a one-year high [4][5] - The ETF has seen a total capital inflow of 50.69 million yuan over the past five days, indicating strong investor interest [4] - Key stocks within the ETF, such as Shuangta Food (002481), Yangyuan Beverage (603156), and Ketaobiotech (300858), have shown notable price increases, with Shuangta Food leading at 9.98% [3][4] Fund Performance - The Tianhong Food and Beverage ETF is the largest in its category, covering essential sectors like alcohol, beverages, and food, with major holdings in industry leaders such as Kweichow Moutai and Wuliangye [4] - The ETF's diversified approach helps mitigate risks associated with single-industry volatility, making it suitable for long-term investment in consumer upgrades [4] Market Trends - Recent commentary from economic experts suggests a market style rotation, with funds shifting from growth to value sectors, which may drive market indices to new highs [6] - The white liquor sector is viewed as a "happy consumption demand," indicating its resilience and potential for long-term value despite recent performance pressures [5] Industry Initiatives - The China Alcohol Industry Association, along with major liquor companies, has launched an initiative to address issues of authenticity in vintage wines, aiming to restore consumer trust in the market [7] Institutional Perspectives - Open Source Securities highlights that with the implementation of policies to stabilize growth and promote consumption, the food and beverage sector is expected to improve gradually [8] - The white liquor industry is showing signs of bottoming out, with low likelihood of further demand decline, suggesting a favorable environment for investment [8]

截至2025年10月20日 13:41，食品饮料ETF天弘(159736)调整蓄势，成交1046.02万元。跟踪指数成分股方面涨跌互现，粤桂股份(000833)领涨3.76%，甘源食 品(002991)上涨3.18%，欢乐家(300997)上涨1.90%。 拉长时间看，截至10月17日，食品饮料ETF天弘(159736)最新份额达77.28亿份，创近1年新高。 从资金净流入方面来看，食品饮料ETF天弘(159736)上周整体呈净流入态势，近3天获得连续资金净流入，合计"吸金"2185.19万元。 【产品亮点】 食品饮料ETF天弘(159736)跟踪中证食品饮料指数，聚焦白酒、饮料乳品、调味发酵品等高壁垒、强韧性板块，前十大成分股囊括"茅五泸汾洋"，帮助投资 者一键配置"吃喝板块"核心资产。 【相关产品】 食品饮料ETF天弘(159736)，配置场外联接基金（A:001631；C:001632）。 【热点事件】 1、国家统计局：前三季度全国居民人均消费支出实际增长4.7% 10月20日消息，国家统计局最新数据显示，前三季度全国居民人均消费支出同比实际增长4.7%，延续了上半年以来的回升势头，反映出消费市场复苏基 ...

Core Insights - The food and beverage ETF Tianhong (159736) has seen a 0.98% increase, with a trading volume of 9.2953 million yuan, indicating strong market interest [3] - The ETF's latest share count reached 7.698 billion, a record high since its inception, with a net inflow of 5.6831 million yuan recently [3] - The ETF primarily invests in leading high-end and mid-range liquor stocks, with significant allocations to beverage, dairy, and seasoning sectors [3] Product Highlights - The Tianhong food and beverage ETF (159736) is designed for easy access to core assets in the "food and beverage" sector, with approximately 60% of its portfolio in high-end liquor stocks and 40% in other beverage-related sectors [3] - Major holdings include top brands such as Moutai, Wuliangye, and Yili, reflecting a strong focus on leading companies in the industry [3] Market Events - The price of Moutai has slightly increased, with the price per bottle rising from 1,760 yuan to 1,765 yuan for loose bottles and from 1,780 yuan to 1,795 yuan for packaged bottles, indicating stable demand for top liquor brands [4] - Investor confidence is bolstered by notable investor Duan Yongping's continued support for Moutai stocks, as he publicly stated his recent purchase of Moutai shares [4] - Dongpeng Beverage has updated its Hong Kong IPO application, aiming to enhance its production capacity and expand its market presence, which could significantly boost its future growth [4] Institutional Perspectives - China Galaxy Securities notes that the food and beverage index has underperformed the broader market, with various sub-sectors undergoing adjustments [4] - The focus for October will be on third-quarter earnings reports, with an emphasis on high-performing stocks and sectors [4] - For the fourth quarter of 2025, the expectation of improved PPI translating to CPI suggests a focus on cyclical recovery stocks, with recommendations to monitor growth in new categories and stable demand sectors [4]

Core Insights - The Securities ETF (159841) has seen a significant increase in its scale, reaching a new high of 9.742 billion yuan as of October 10, 2025, with a notable growth of 325 million shares over the past two weeks [3] - The ETF has experienced a net inflow of 101 million yuan recently, with 13 out of the last 15 trading days showing net inflows totaling 1.477 billion yuan [3] - The leverage funds are actively positioning themselves, with a financing net purchase amount of 11.064 million yuan on the previous trading day and a latest financing balance of 403 million yuan [3] Product Highlights - The securities sector is characterized by strong beta attributes, closely linked to the performance of the capital market, making it a "bull market flag bearer" [3] - Historical data indicates that during market rebounds, the securities sector significantly outperforms the broader market, suggesting that investors should focus on the Securities ETF (159841) to seize opportunities [3] Market Trends - The A-share market has shown increased trading activity, with the average daily stock trading volume surpassing 2.4 trillion yuan in September, marking a year-on-year increase of 203% and a month-on-month increase of 5% [5] - The margin financing balance has also steadily risen, exceeding 2.3 trillion yuan at the end of September, reflecting a year-on-year growth of 71% [5] - The first three quarters of 2025 are expected to see a 53.1% year-on-year increase in net profit attributable to the parent company for listed securities firms, with the third quarter likely to show an even larger growth rate of 58% [5] Institutional Perspectives - Huajin Securities maintains a long-term view of a slow bull trend in A-shares, with short-term sentiment pressures expected [4] - The structural recovery of A-share profits and potential credit recovery are seen as key factors supporting this trend [4] - The current low valuation of the brokerage sector, combined with active trading and policy support, enhances its attractiveness for institutional investors [5]