Last week, the entire ETF market experienced a net outflow of 1.216 billion yuan, among which the net outflow of Stocks ETFs was 16.627 billion yuan, while Bonds ETFs continued to strongly "absorb funds," with a net inflow of 14.494 billion yuan.
I. Market Overview
Except for a slight increase of 0.22% in the GEM Index, other indices mostly experienced minor fluctuations downward: the SSE Composite Index fell slightly by 0.25%, the Shenzhen Component Index decreased by 0.60%, the Csi 300 Index was down by 0.25%, the SSE Science and Technology Innovation Board 50 Index dropped by 1.89%, and the Wind All A Index decreased slightly by 0.27%. The largest fluctuation for the week was 3.82% for the SSE Science and Technology Innovation Board 50 Index.
Among the 31 first-tier industries of Shenwan, 13 industries rose while 18 fell, showing a balanced performance. The three industries with the largest gains were Nonferrous Metals (up 3.79%), Oil & Petrochemicals (up 3.50%), and Agriculture, Forestry, Animal Husbandry, and Fishery (up 1.62%); the three industries with the largest declines were CSI SWS Food & Beverage index (down 4.37%), Household Appliances (down 3.26%), and Building Materials (down 2.77%).
II. Capital Trend
Last week, there was a net outflow of 1.216 billion yuan from the entire ETF market, of which Stocks ETF had a net outflow of 16.627 billion yuan, while the Bonds ETF continued to attract capital strongly, with a net inflow of 14.494 billion yuan. Commodity ETFs had a net inflow of 1.975 billion yuan, and money market funds saw a net outflow of 1.058 billion yuan.
From the perspective of index guidance, multiple credit bond indices have continuously seen a frenzy of net subscription of funds. Last week, the Shanghai market municipal corporate bonds, Shenzhen market credit bonds, China Bond - Medium- and High-Grade Corporate Bonds Spread Factor Index, and Shanghai City Investment Bonds had net inflows of 8.46 billion yuan, 3.377 billion yuan, 13.33 billion yuan, and 614 million yuan respectively.
In terms of stock indices, after a slight net outflow of 0.88 billion yuan last week, the SSE Science and Technology Innovation Board 50 Index regained a net subscription of 2.33 billion yuan this week.
Hong Kong stocks for innovative drugs, SGE Gold 9999, and Hong Kong stocks for innovative drugs (CNY) are increasingly attracting funds as their prices rise, with net inflows of 1.857 billion yuan, 1.66 billion yuan, and 1.034 billion yuan respectively last week. Additionally, there was 1.243 billion yuan of funds entering the CSI Alcoholic Drink Index.
In terms of outflow from indices, the broad market index continues to face fund selling, with net outflows last week from the CSI A500, CSI 300, and GEM at -4.633 billion yuan, -3.62 billion yuan, and -2.399 billion yuan respectively.
Previously, the National Securities Innovation and the CSI Innovation had a total net outflow of 3.154 billion yuan last week.
In terms of specific ETF products, Huaxia Fund Credit Bonds ETF, Guotai Fund 10-Year China Treasury Note ETF, Ping An Chinabond Medium-High Grade Corporate Bonds Spread Factor ETF, and Huaxia Fund ChinaAMC STAR50 ETF saw net inflows of 3.881 billion yuan, 2.246 billion yuan, 1.935 billion yuan, and 1.844 billion yuan respectively.
In terms of outflow, GEM ETF, 300ETF, CSI Financials ETF, and CSI Innovation ETF had net outflows of 1.921 billion yuan, 1.268 billion yuan, 1.037 billion yuan, and 0.985 billion yuan respectively last week.
III. ETF Price Change Situation
Last week (from June 9, 2025 to June 13, 2025, the same applies here), the median weekly return of equity ETFs was -0.14%. Among broad-based ETFs, the median price change of GEM ETFs was 0.31%, yielding the highest returns. By Sector, the median price change of financial sector ETFs was 0.84%, yielding the highest returns. By theme, the median price change of healthcare ETFs was 1.32%, yielding the highest returns.
The median weekly price change of equity ETFs was -0.19%. The Yinhua CSI Innovative Drugs Industry ETF and the Efund Gold ETF performed relatively well, with strong gains, particularly the Yinhua CSI Innovative Drugs Industry ETF, which had the highest increase of 6.99%; whereas the Penghua CSI Alcoholic Drink ETF and the Huatai-Pb China Science and Technology Innovation Board 50 Component ETF performed relatively poorly, with significant declines, especially the Penghua CSI Alcoholic Drink ETF, which fell by 5.55%.
Last week, the Fangguo Fund S&P Oil & Gas ETF and the Galaxy Fund S&P Oil & Gas ETF saw cumulative gains of over 12%. The Hong Kong stock innovative drug sector performed best last week, with the Hong Kong Stock Connect Innovative Drug ETFs from ICBC, Yinhua Fund, Wanji Fund, and Guangfa Fund all gaining over 10%.
In terms of declining sectors, the Penghua CSI Alcoholic Drink ETF dropped over 5%. The Huatai-Pb China Science and Technology Innovation Board 50 Component ETF and E Fund Artificial Intelligence ETF experienced declines of 4.61% and 4.45%, respectively. The Xinchuang sector weakened, with the Xinchuang ETF and Xinchuang 50 ETF falling by 4.5% last week.
IV. Newly Launched ETF Products
Last week, 2 new ETFs were established: the E Fund CSI Hong Kong Stock Connect Consumer Theme ETF and the Huabao CSI Pharmaceutical ETF. This week, there will be the issuance of 7 ETFs including the Yifangda CSI A50 Enhanced Strategy ETF, Huabao Hang Seng Hong Kong Stock Connect Innovative Drug Selected ETF, E Fund GEM Artificial Intelligence ETF, Yifangda Fullgoal CSI Value ETF, Tianhong CSI A100 ETF, Huitianfu CSI Hong Kong Stock Connect Consumer Theme ETF, and Southern CSI Hong Kong Stock Connect Technology ETF.
V. Hot News
Global Gold ETFs experienced their first net outflow in five months.
Data recently released by the World Gold Council shows that global Gold ETFs experienced a net outflow of 1.8 billion dollars in May, ending a five-month streak of inflows.
Shanghai Stock Exchange: Accelerating the inclusion of Huatai-Pb China Science and Technology Innovation Board 50 Component ETF into the Funds transfer platform.
The Shanghai Stock Exchange held a seminar on the first anniversary of the 'Eight Guidelines for the Science and Technology Innovation Board' for investors. This seminar brought together representatives of institutional investors including fund managers, insurance, securities firms, banks, and bank wealth management subsidiaries. Relevant officials from the Shanghai Stock Exchange stated at the seminar that efforts are being accelerated to promote the inclusion of Science and Technology Innovation Board ETFs into the fund trading platform, to research the optimization of the market maker mechanism and post-market fixed price trading mechanism, and to actively guide more social funds towards areas of national key support, such as new productive forces.
Over 8 billion yuan! The largest single dividend in ETF history.
The largest ETF in the All Market scale — Huatai-Pb CSI 300ETF announced that it will implement a cash dividend. According to the fund dividend announcement, the total dividend of this CSI 300ETF is expected to exceed 8 billion yuan, setting a record for the highest single dividend in ETF history.
