Group 1 - The rare metals ETFs showed significant gains, with the leading rare metals ETF (159608) rising by 7.49% [1] - Other rare metals ETFs also performed well, with fund (561800) increasing by 7.32% and fund (159671) up by 6.87% [1] - In contrast, the soybean meal ETF (159985) experienced the largest decline, falling by 2.04% [1] Group 2 - The sustainable development ETF (515090) decreased by 1.85% [1] - The gold ETF (AU518860) also saw a decline, dropping by 1.73% [1]

Market Overview - The three major indices in the A-share market collectively rose, with the Shanghai Composite Index increasing by 0.62%, the Shenzhen Component Index by 0.84%, and the ChiNext Index by 0.61% [1][4] - Several infrastructure ETFs saw significant gains, including the Infrastructure ETF (516950.SH) which rose by 6.99%, and the Infrastructure ETF (159619.SZ) which increased by 6.44% [1][11] ETF Performance - The A500 ETF market experienced a significant shift, with the net asset scale of the top 10 A500 ETFs decreasing from 10 to 9, and the China A500 ETF (560610.SH) shrinking from 12.45 billion to 8.734 billion [2] - Central Huijin Investment increased its holdings in major broad-based ETFs by over 200 billion in Q2, indicating a strong commitment to stabilizing the capital market [3] Sector Performance - In the sector performance, coal, building materials, and construction decoration sectors ranked highest, with daily increases of 6.18%, 4.49%, and 3.38% respectively [6] - Over the past five trading days, the building materials, coal, and steel sectors also showed strong performance, with increases of 11.46%, 9.15%, and 7.68% respectively [6] ETF Categories - Among different ETF categories, strategy ETFs performed the best with an average increase of 1.56%, while bond ETFs had the worst performance with an average decrease of 0.04% [9] - The top-performing ETFs included the Coal ETF (515220.SH) with an increase of 8.25%, the Building Materials ETF (159787.SZ) with 7.91%, and the Infrastructure ETF (516950.SH) with 6.99% [12][11] Trading Volume - The top three ETFs by trading volume were the CSI 300 ETF (510300.SH) with a trading volume of 4.517 billion, the STAR 50 ETF (588000.SH) with 4.086 billion, and the A500 ETF (512050.SH) with 4.057 billion [14][15]

Group 1 - The Hong Kong innovative drug ETF (513120) led the gains with an increase of 4.72% [1] - The Hang Seng Medical ETF (159506) rose by 4.66% [1] - The Hong Kong innovative drug ETF fund (520700) increased by 4.65% [1] Group 2 - The gold stock ETF fund (159315) was the biggest loser, declining by 1.26% [1] - The gold ETF AU (518860) fell by 1.16% [1] - The Shanghai Gold ETF (159830) decreased by 1.12% [1] Group 3 - A-share accounts can buy Hong Kong stocks with T+0 trading without the need for Hong Kong Stock Connect [1]

Group 1 - The ETF market opened with mixed performance, with the leading performer being the E Fund Innovation ETF (159540) which rose by 9.48% [1] - The E Fund Innovation ETF from Fortune (159538) increased by 6.82%, while the general Innovation ETF (159537) saw a rise of 3.36% [1] - On the downside, the Gold ETF AU (518860) led the declines with a drop of 1.85%, followed by the 2000 ETF (561370) which fell by 1.27%, and the Automotive ETF (159512) which decreased by 1.16% [1] Group 2 - The strategy suggested is to buy index ETFs to capitalize on market rebounds, focusing on leading market players [1]

Group 1 - The ETF market showed mixed performance with the gold ETF AU (518860) leading gains at 2.84% [1] - The battery leader ETF (159767) increased by 1.73%, while the MSCI ESG ETF (159621) rose by 1.24% [1] - Conversely, the S&P Oil & Gas ETF (159518) experienced the largest decline at 2.63%, followed by the S&P Oil & Gas ETF (513350) down 2.4%, and the S&P Biotechnology ETF (159502) falling by 1.85% [1] Group 2 - The gold market is experiencing a significant surge, indicating a strong demand for safe-haven assets [2]

Group 1: Fund News - Several North Exchange funds have announced purchase limits, with the E Fund North Certificate 50 Index limiting purchases to 3,000 yuan starting May 19, and the Pengyang North Certificate 50 Index reducing the limit to 50,000 yuan from May 13 [1] - A total of 19 Hong Kong-themed funds have been reported since May, covering various sectors such as innovative drugs, cloud computing, consumption, and automobiles [1] - Public funds have invested nearly 10 billion yuan in private placements this year, with 21 public institutions participating in 31 A-share companies' private placements, totaling 9.785 billion yuan [1] Group 2: ETF Market Review - The market experienced a rise and then a pullback, with the Shanghai Composite Index increasing by 0.21%, the Shenzhen Component Index by 0.44%, and the ChiNext Index by 0.83%. The total trading volume reached 1.17 trillion yuan, an increase of 37.8 billion yuan from the previous trading day [2] - Gold-related stocks performed strongly, with gold stock ETFs rising by as much as 4.85% [2] Group 3: ETF Performance - The top-performing gold stock ETFs include: - Code 159562: Gold Stock ETF, up 4.85% to 1.557 - Code 517520: Gold Stock ETF, up 4.63% to 1.423 - Code 159322: Gold Stock ETF, up 4.51% to 1.158 [3] - The S&P Consumer ETF led the decline, down 2.29% [4] Group 4: Industry Trends - The rising gold prices are driving new growth trends in the industry, with the investment value of gold products becoming more prominent. This is expected to boost sales of investment-grade gold bars and brands with high cost-performance ratios [5] - The improvement in consumer spending, advancements in gold craftsmanship, and the rise of domestic brands are expected to provide strong growth momentum for the gold and jewelry industry [5]

Market Overview - The A-share market experienced a high-to-low trend this week, with the Shanghai Composite Index breaking through the 3400-point mark on Wednesday but adjusting for two consecutive trading days thereafter, closing at 3367.46 points on Friday, resulting in a cumulative increase of 0.76% for the week [1] ETF Performance - Due to significant fluctuations in the A-share market, ETFs focused on this market showed lackluster performance, with the top gainers primarily being cross-border ETFs [2] - The overall performance of the ETF sector was weak, with the median market gain being approximately 0.7%, a noticeable decrease from the previous week [3] - The S&P Consumer ETF saw the largest weekly gain at 13.15%, being the only product to exceed a 10% increase, with a premium rate of 26.71%, the highest among all products [4][5] Top Gainers - Other ETFs with notable weekly gains included the S&P 500 ETF (6.58%), Hong Kong Automotive ETF (6.42%), Nasdaq Technology ETF (6.35%), and New Economy ETF (6.24%) [5] - In the A-share market, the Dividend Low Volatility 100 ETF gained over 4%, while New Energy Battery ETF and Automotive ETF saw increases of over 2% [6] Decliners - Approximately 350 products reported negative returns, with gold-related ETFs leading the decline [7] - The largest drop was seen in the Gold ETF AU, which fell by 4.75%, along with several other gold ETFs experiencing declines exceeding 4.7% [8] - The international gold price has been on a downward trend since May 7, with a nearly 3.5% drop this week, attributed to easing tariff policies and a retreat in risk aversion sentiment [9]

Core Viewpoint - The article discusses the performance and outlook of gold-related funds, emphasizing the potential for gold as a long-term investment due to macroeconomic uncertainties and central bank purchasing trends [1][4]. Fund Overview - There are 36 gold-related funds in the market, with 19 remaining after filtering for RMB A-class shares [1][2]. - The funds are ranked by their combined scale, management fees, and custody fees, with some funds having lower fees, such as those from Huaxia and ICBC, which have a management fee of 0.15% and a custody fee of 0.05% [2][3]. Fund Manager Insights - **Huaan Fund (Xu Zhiyan)**: Optimistic about gold's long-term value due to ongoing monetary easing and central bank purchases, with gold prices rising significantly in early 2025 [6][9][13]. - **Bosera Fund (Zhao Yunyang)**: Highlights the continued purchasing power of central banks and the potential for market adjustments due to U.S. debt ceiling issues, maintaining a positive outlook on gold [19][21][22]. - **E Fund (Bao Jie)**: Notes that gold prices are influenced by U.S. monetary policy and geopolitical uncertainties, with a focus on the changing pricing framework for gold [32][34][35]. - **Guotai Fund (Ai Xiaojun)**: Emphasizes the importance of central bank purchases and geopolitical risks in supporting gold prices, while acknowledging potential risks from U.S. dollar fluctuations [39][40][41]. - **Hua Xia Fund (Rong Ying)**: Continues to see gold as a valuable asset, driven by central bank demand and geopolitical tensions, with a strong performance in early 2025 [49][51]. - **ICBC Credit Suisse Fund (Zhao Xu)**: Points out the influence of U.S. monetary policy and global uncertainties on gold prices, with a focus on the ongoing central bank purchases [53]. - **Jianxin Fund (Zhu Jinyu)**: Believes that U.S. inflation trends and geopolitical uncertainties will support gold prices, with a positive outlook for 2025 [55]. - **Noan Fund (Song Qing)**: Maintains a positive view on gold prices, driven by central bank purchases and geopolitical tensions, with a significant increase in gold prices in early 2025 [57][59]. - **Qianhai Kaiyuan Fund (Liang Pusen)**: Discusses the impact of U.S. monetary policy and geopolitical risks on gold prices, emphasizing the importance of gold in asset allocation [63][64]. Market Trends - Gold prices have shown strong performance, with a significant increase in early 2025, driven by macroeconomic factors and central bank purchases [13][14][22][78]. - The article highlights the ongoing trend of central banks purchasing gold, with 2024 seeing over 1000 tons of net purchases, maintaining high demand for gold as a long-term value storage tool [15][60]. - Geopolitical tensions and economic uncertainties are expected to continue supporting gold as a safe-haven asset, with potential for further price increases [27][39][70].