1. Report Industry Investment Rating No information is provided regarding the industry investment rating in the report. 2. Core Viewpoints of the Report - Global X issued the NYSE 100 ETF last week, selecting the 100 stocks with the largest market capitalization and most prominent innovation from exchanges such as the New York Stock Exchange, NASDAQ, and CBOE BZX, with a fee rate of only 0.09%. This product can diversify risks and capture more opportunities under current development trends [2][10]. - The capital flow of leading ETF managers has shown an overall increase. In the past week, domestic stock products in the US have seen outflows again, while bond products have seen inflows, and commodity ETFs have continued to see outflows. The capital flow of S&P 500 ETFs has been highly volatile recently [2][11]. - The performance of single - stock leveraged products varies significantly. Leveraged and inverse products linked to individual stocks have been issued intensively in the past two years. Products linked to Tesla and NVIDIA have the largest scale but have seen significant declines this year, while products linked to Micron Technology (MU) and SanDisk Corporation (SNDK) have entered the top ten in terms of scale as the stocks have risen [2][18]. - In January 2026, the total amount of non - money public funds in the US was $24.07 trillion, an increase of $0.43 trillion compared to December 2025. From March 11th to March 18th, domestic stock funds in the US saw outflows of $9.3 billion, international stock products maintained a low level of outflows, and the inflow of bond products further narrowed to $0.8 billion [2][18]. 3. Summary by Directory 3.1 US ETF Innovation Products: Global X Issues NYSE 100 ETF - Last week, there were 20 newly issued products in the US, including multiple single - stock leveraged and inverse products and target - maturity bond products. Tradr and Direxion issued 8 single - stock leveraged and inverse products, with Direxion's products corresponding to leading stocks and Tradr's including smaller - market - cap companies [7]. - Wellesley Asset Management issued a convertible bond ETF, and BlackRock issued 8 target - maturity ETFs covering various bond types. Janus Henderson issued an active stock - picking + Covered Call product, and Pareto issued an asset - allocation product [8][10]. - Global X issued the NYSE 100 ETF, which selects 100 stocks from multiple exchanges. It covers various fields, can diversify risks, and capture more opportunities. Its top ten heavy - weighted stocks have a high overlap with QQQ but different weights, and there are significant differences in the 11th - 20th stocks [2][10]. 3.2 US ETF Dynamics 3.2.1 US ETF Capital: The Capital Flow of Leading Managers Shows an Overall Increase - In the past week, domestic stock products in the US saw outflows again, bond products saw inflows, and commodity ETFs continued to see outflows. The capital flow of S&P 500 ETFs has been highly volatile recently. BlackRock's IVV continued to see the largest inflows, SPY also saw inflows again, while VOO saw significant outflows, and many other products of Vanguard were also among the top in terms of outflows [2][11][14]. 3.2.2 US ETF Performance: The Performance of Single - Stock Leveraged Products Varies Significantly - Leveraged and inverse products linked to individual stocks have been issued intensively in the past two years. Products linked to Tesla and NVIDIA have the largest scale but have seen significant declines this year, while products linked to Micron Technology (MU) and SanDisk Corporation (SNDK) have entered the top ten in terms of scale as the stocks have risen, with significant differences in product returns [2][18]. 3.3 Recent Capital Flow of US Ordinary Public Funds - In January 2026, the total amount of non - money public funds in the US was $24.07 trillion, an increase of $0.43 trillion compared to December 2025. According to Wind data, the S&P 500 rose 1.37% in January, and the scale of domestic stock products in the US increased by 1.23%, with a small impact from redemptions. - From March 11th to March 18th, domestic stock funds in the US saw outflows of $9.3 billion, international stock products maintained a low level of outflows, and the inflow of bond products further narrowed to $0.8 billion [2][18].