I. Market Overview

A-shares: Last week (03/11-3/15), all three major indices closed higher. The Shenzhen Index performed better than the Shanghai Composite Index, and the GEM Index led the way in gains. After the Shanghai Index hit a new intraday high of 3075.13 points on Tuesday, continuous adjustments began on Wednesday and Thursday. The Shanghai Composite Index rose 0.28% weekly, the Shenzhen Index rose 2.60%, and the GEM Index rose more than 4%. The average daily turnover of the two markets was 1031,552 billion yuan, an increase of 47.907 billion yuan over the previous week's average daily turnover. Net purchases of capital to the north for five consecutive days, with a net inflow of nearly 33 billion yuan in a single week

At the stylistic level, the big-market blue-chip Shanghai and Shenzhen 300 rose 0.7%, while the small-market China Securities 1000 and China Securities 2000 rose 3.4% and 4.4% respectively, while the growth-oriented GEM index rose 4.2%.

In terms of sectors, industries such as automobiles, consumer services, food and beverage led the market; non-ferrous metals, pharmaceuticals, etc. also performed well; industries that performed well in the early stages, such as coal, petroleum and petrochemicals, and home appliances, were relatively weak.

Judging from fund performance, fund products with themes such as heavy storage of new energy batteries, liquor, new energy vehicles, innovative drugs, and tourism performed relatively well, while funds with themes such as coal, energy, dividends, and electricity performed relatively poorly.

II. Capital flow

The net redemption of equity ETFs last week was $10.493 billion, increasing the overall size by $13.81 billion. Capital flowed heavily into the market index sector, with a net inflow of 5.372 billion yuan for the whole week. In contrast, the science and technology innovation/GEM related index sector experienced a large capital outflow, with a net capital outflow of 9.662 billion yuan throughout the week.

Specifically, among broad-based ETFs, the Shanghai and Shenzhen 300 ETF had the most net subscriptions last week, at 4.974 billion yuan; by sector, big finance ETFs had the most net subscriptions, at 450 million yuan; in terms of hot topics, securities ETFs had the most net subscriptions, at 1,117 billion yuan.

III. The rise and fall rate of ETFs

The median weekly yield of equity ETFs last week was 1.79%. Among broad-based ETFs, GEM ETFs had a median increase or decrease of 4.24%, with the highest return. By sector, consumer ETFs had a median rise and fall of 3.53%, with the highest return. Classified by topic, the median rise and fall rate of Xinneng Auto ETF was 6.63%, with the highest return.

Specifically, out of 859 ETFs in the market last week, 659 ETFs rose throughout the week, with an average increase of 2.45%. 173 ETFs closed down throughout the week, with an average decline of 1.15%.

ETFs with themes such as batteries, new energy vehicles, innovative drugs, food and beverage, and non-ferrous products performed well last week. Xingyin Fund Battery Leading ETF, Penghua Fund New Energy Vehicle ETF, Yinhua Fund Hong Kong Stock Innovative Drug ETF, and Cathay Pacific Fund Nonferrous 60 ETF rose 9.3%, 7.48%, 7.37%, 6.58% and 5.71% respectively last week.

The dividend-themed ETF was clearly adjusted. Cathay Pacific coal ETFs fell 7.35% this week, ranking first. Huitianfu Energy ETF fell more than 6%, and Guangfa Energy ETF fell more than 5%, ranking second and third. Furthermore, many dividend ETFs also fell by more than 3% this week, and the China Securities Dividend Index fell 2.78% cumulatively this week.

Japanese stocks faced pressure from the Bank of Japan's monetary policy shift and fell under pressure. Huaan Fund Nikkei 225 ETF fell 4.77% throughout the week.

IV. Changes in fund shares

Capital raised a large amount of innovative drug ETFs last week, and Yinhua Fund's share of innovative drug ETFs increased by 901 million shares last week. Cathay Pacific Securities ETF shares increased by 759 million shares last week.

The Blue Chip Index The Shanghai and Shenzhen 300 Index is still well-funded. The shares of the Shanghai and Shenzhen 300 ETF, Huatai Berry Fund's Shanghai and Shenzhen 300 ETF, and Harvest Fund's Shanghai and Shenzhen 300 ETF increased by 576 million shares, 374 million shares, and 313 million shares respectively last week.

In terms of share reduction, the attitude of reducing capital profits and holdings is quite obvious. The shares of E-Fangda Fund GEM ETF and Huaan Fund GEM 50 ETF decreased by 2,466 billion shares and 2.559 billion shares respectively last week.

5. Emerging ETF products

Two new ETFs were established last week: Taikang China Securities Low Volatility Dividend ETF and GF China Securities Dividend ETF. One ETF will be issued this week. This is the BOSHI China Securities Semiconductor Industry ETF.

A new batch of China Securities A50 themed ETFs went public today. These include Fuguo China Securities A50ETF, Yinhua China Securities A50ETF, Dacheng China Securities A50ETF, Huabao China Securities A50ETF, ICBC China Securities A50ETF, Harvest China Securities A50ETF, E-Fangda China Securities A50ETF, and Huatai Berry China Securities A50ETF.

6. Hot news

The equity ETF scale surpassed 2 trillion yuan, and broad-based ETFs became the main force for attracting money

Passive investment is in full swing, boosting equity ETFs to reach the 2 trillion yuan mark, and a new milestone. In just over two months since this year, the size of equity ETFs has grown by more than 400 billion yuan. Among them, broad-based ETFs are favored by capital and have become the main force in the overall scale growth of equity ETFs.

BlackRock's IBIT holdings have surpassed 1% of Bitcoin's theoretical maximum supply, and the market capitalization has broken through US$16 billion and continued to reach new highs

BlackRock's official updated position data for its spot Bitcoin ETF shows that as of March 13, IBIT's Bitcoin holdings reached 223,645.98255 BTC, which means that its holdings have exceeded 1% of Bitcoin's theoretical maximum supply of 21 million units.

Reports of the first batch of CCP 100 Index Growth Fund and the first China Securities A50 Index Fund have been received

According to the Securities Regulatory Commission website, on March 14, Wanjia Fund, SPDB AXA Fund, CITIC Prudential Fund, and Yongying Fund reported the Shanghai Securities Science and Technology Innovation Board 100 Index Enhanced Fund. These are the first batch of funds in the industry. During the year, many fund companies, including E-Fangda Fund, Guangfa Fund, Harvest Fund, and Ping An Fund, reported the Science and Technology Innovation Board 100 Enhanced Strategy ETF. Furthermore, on the 14th, SPDB AXA Fund reported the China Securities A50 Index Enhanced Fund, and the materials have been received. It is the first China Securities A50 Index Fund.

Invesco Great Wall NASDAQ Technology ETF announced the suspension of trading for 7 consecutive trading days, and the Linked Fund has “closed its doors to thank customers”

Invesco Great Wall Fund announced that recently, the transaction price of its NASDAQ Technology ETF in the secondary market was significantly higher than the reference net value of the fund share, showing a large premium. Investors are hereby reminded to pay attention to the risk of price premiums traded in the secondary market. To protect investors' interests, the fund will be suspended from the opening of the market on March 15 until 10:30 on the same day. So far, the fund has experienced similar suspension measures for 7 consecutive trading days

The “use” of private equity institutions to “grab goods” to buy ETFs has changed

Private equity institutions have become one of the important “buyers” of public ETFs. The investigation revealed that 3 private placement companies appeared among the top ten holders of the Dacheng China Securities A50 ETF, namely Ruitian Investment, Aird Investment, and Corefia Assets.