I. Market Overview

A-share market: Last week (November 06 to November 10), the A-share market performed well in the first four trading days. The market adjusted slightly on Friday. The Shanghai Index rose 0.27% in a week, the Shenzhen Index rose 1.27%, and the GEM Index rose 1.88%. The three major indices all recorded three consecutive gains. The average daily turnover of the two markets was 976.739 billion yuan, an increase of 107.802 billion yuan over last week. There was a net outflow of capital of 7.952 billion yuan to the north last week.

In terms of global stock markets, major stock indexes in the global market had mixed ups and downs last week. Hong Kong's Hang Seng Index fell 2.61% in a week, and the Hang Seng Technology Index fell 1.14%; the S&P 500 Index rose 1.31% in a week, and Nasdaq rose 2.37%.

In terms of industry sectors, the 30 CITIC Tier 1 industries rose more and less last week. The industries with the highest gains: media, computers, and communications, and the industries with the highest declines: food and beverages, petroleum and petrochemicals, and steel.

In terms of the concept sector, concepts such as optical modules, Douyin platforms, virtual people, WEB3.0, and lithography machines performed relatively well, while insurance, automobiles, liquor, beverage manufacturing, and gold and jewelry performed poorly.

II. Capital flow

Last week, equity ETFs had a net redemption of 8.234 billion yuan, an increase of 5.862 billion yuan in overall size.

Among broad-based ETFs, the Shanghai Stock Exchange 50 ETF had the most net subscriptions last week, at 2,481 billion yuan; by sector, cyclical ETFs had the most net subscriptions, at 194 million yuan; and by hot topics, dividend ETFs had the most net subscriptions, at 102 million yuan.

III. The rise and fall rate of ETFs

The A-share market closed slightly higher last week. The average net value of equity ETFs rose 1.18%; the average net value of commercial ETFs fell 1.05%; and the average net value of cross-border ETFs fell 0.38%. The average net worth of bond-type ETFs rose 0.12%; the average net worth of currency-type ETFs increased 0.03%.

Specifically, ETFs on cloud computing, gaming, artificial intelligence, and photovoltaics had the highest gains last week, while the Xinhua Fund Cloud 50 ETF, Huaxia Fund Gaming ETF, and Penghua Fund's Big Data ETF rose 7.09%, 6.65%, and 6.08% respectively last week. The Penghua Fund Science Innovation 100 ETF fund also performed well last week, with a weekly increase of 4.92%.

On the downside, Hong Kong stock finance, Hang Seng Consumer, and dividend major ETFs performed poorly last week. Huaxia Fund Hong Kong Stock Connect Financial ETF, Jingshun Great Wall Fund Hang Seng Consumer ETF, and Cathay Pacific Fund Hong Kong State-owned Enterprise ETF declined 3.56%, 3.42%, and 3.22% respectively last week.

IV. Changes in fund shares

In terms of share growth, the Science Innovation 100 ETF had the most prominent presence last week. Among them, the shares of the Penghua Fund Science Innovation 100 ETF Fund, the Bosch Fund Science and Technology Innovation 100 Index ETF, and the Yinhua Fund Science and Technology Innovation 100 ETF increased by a total of 2,815 billion shares last week.

Capital bets on science and technology networked stock themed ETFs continued. The shares of Huaxia Fund's Hang Seng Internet ETF and Huatai Berry Fund's Hang Seng Technology ETF increased by 998 million shares and 495 million shares respectively last week. What is most special is that capital changed from last week's sell-off of the Shanghai Stock Exchange 50 Index, and last week, Huaxia Fund increased its holdings of the Shanghai Stock Exchange 50 ETF by 992 million shares.

In terms of declining shares, capital continued to sell science and technology innovation 50, securities, and pharmaceutical-themed ETFs. Among them, Huaxia Fund's share of the Science and Technology Innovation 50 ETF decreased by 2,651 billion shares.

The shares of Cathay Pacific Fund Securities ETFs and Huabao Funds brokerage ETFs decreased by 1,563 million shares and 497 million shares respectively last week. Chip-themed ETFs were also reduced by capital last week. The total shares of the Guolian Security Fund semiconductor ETF, Huaxia Fund chip ETF, and Harvest Fund chip ETF dropped by 1,665 million shares last week.

5. Emerging ETF products

Eight new ETFs were established last week, namely E-Fangda MSCI US 50 ETF, ICBC China Securities 2000 ETF, Jingshun Great Wall China Securities Chip Industry ETF, E-Fangda Shanghai Securities Science and Technology Innovation Board 100 ETF, Huatai Berry Shanghai Stock Exchange Science and Technology Innovation Board 100 ETF, GF China Securities Hong Kong Stock Connect Non-Bank Finance Themed ETF, Cathay Pacific China Securities Robot ETF, and Huaxia Shanghai Securities Science and Technology Innovation Board 100 ETF. One ETF will begin to be issued this week, making Tianhong China Securities 100 ETF with low dividend volatility.

6. Hot news

The net redemption of stock ETFs to Science and Technology Innovation 100 bucked the trend for 2 consecutive weeks and the scale reached 19.9 billion

According to Wind data, equity ETFs had a net redemption of 2.53 billion shares and a net outflow of over 10 billion yuan during the week. They have been net redeemed for two consecutive weeks. The overall share of Science and Technology Innovation 100 bucked the trend. A total of 8.73 billion shares of the seven products were purchased last week, with a total of 19.889 billion yuan in the latest scale.

Some funds have increased the scale of ETF sales incentives

With the rapid development of index products, high-level incentives and high-investment marketing of ETFs are gradually emerging in the industry. According to a channel source, several fund companies have formulated attractive marketing campaign plans for one of their popular index ETF products.