In the week before the Mid-Autumn Festival, stock indexes fluctuated and pulled back, with stock-type ETFs and cross-border ETFs on the Shanghai and Shenzhen exchanges seeing a combined net outflow of 770 million yuan.

From an industry-theme perspective, semiconductors and communications-related ETFs were favored by capital, while STAR Market innovative drug-related ETFs were sold off.

Nearly 800 million yuan in capital exited via ETFs this week, with Shanghai and Shenzhen turnover reaching 7.58 trillion yuan, of which Shanghai contributed 3.57 trillion yuan and Shenzhen contributed 4.01 trillion yuan.

As of the latest close, the Shanghai Composite Index ended at 3,888.37 points, down 0.6% for the week, while the Shenzhen Component Index ended at 13,316.97 points, down 2.37% for the week.

Wind data shows that this week, stock-type ETFs and cross-border ETFs on the Shanghai and Shenzhen exchanges saw a combined net outflow of 770 million yuan, broad-based index ETFs saw a net inflow of 1.93 billion yuan, and industry-theme ETFs saw a net outflow of 2.576 billion yuan.

A breakdown shows that among major broad-based indexes, the CSI 300 saw a net inflow of 7.225 billion yuan this week.

Among specific ETFs, the 10 largest broad-based index ETFs saw a combined net inflow of 2.128 billion yuan this week, with the CSI 300 ETF E Fund seeing a net inflow of 1.989 billion yuan.

Performance of Major Index-Related ETFs This Week

Some analysts believe that with the Mid-Autumn and National Day holidays approaching, short-term industry rotation is accelerating, medium-term uncertainty is trending toward stability, overall risk is controllable, and the index may maintain a fluctuating pattern.

STAR Market Semiconductor ETF Sees Heavy Buying

In industry-theme ETFs, 18 funds saw net inflows exceeding 100 million yuan this week, among which STAR Market Semiconductor ETF China AMC, Communications ETF Guotai, and STAR Market Chip ETF Harvest saw their shares increase by 2.874 billion, 1.272 billion, and 648 million units respectively, with net inflows of 2.906 billion yuan, 881 million yuan, and 772 million yuan.

On the outflow side, 45 industry-theme ETFs saw net outflows exceeding 100 million yuan this week, among which STAR Market Innovative Drug ETF Guotai, Communications ETF China AMC, and Innovative Drug ETF Yinhua saw their shares decrease by 631 million, 414 million, and 450 million units respectively, with net outflows of 584 million yuan, 441 million yuan, and 391 million yuan.

This week, semiconductor equipment and materials-related ETFs saw heavy buying.

Changes in Fund Shares of STAR Market Semiconductor ETF China AMC (588170)

Some brokerages said that global semiconductor equipment sentiment continues to improve, with overseas equipment and components already showing a "volume and price rise," overseas lead times have been significantly extended, and domestic equipment and components, having been tempered during the "14th Five-Year Plan" period, have greatly improved their capabilities and possess ample potential for going overseas.

On the other hand, global shortages have made it even more difficult for domestic downstream customers to obtain overseas equipment and components, and the pace of domestic localization is expected to accelerate significantly.

12 ETFs Exceed 10 Billion Yuan in Weekly Turnover

This week, 12 stock-type ETFs and cross-border ETFs had turnover exceeding 10 billion yuan.

Among them, Hong Kong Innovative Drug ETF GF and China-Korea Semiconductor ETF Huatai-PineBridge had weekly turnover exceeding 26 billion yuan.

Notably, Hong Kong Innovative Drug ETF GF hit a nearly 60-day high this week.

Some brokerages said that recently, multiple positive factors are jointly catalyzing the investment value of the innovative drug sector.

On the one hand, domestic innovative drugs are entering a爆发 period of commercialization realization, and the密集 overseas applications and international business development (BD) of domestic innovative drugs have become a clear trend.

On the other hand, the upstream CXO industry has clear signs of improving sentiment, and domestic companies, relying on a well-established industrial layout, have prominent medium- to long-term supply chain advantages, providing solid support for the R&D and production of innovative drugs.

8 ETFs to List Next Week

Heavy holdings of funds have always been a hot topic for investors, but the heavy holdings of actively managed funds usually surface with a certain lag, while the targets allocated by ETFs are very clear.

By tracking newly listed ETFs, investors can often identify recent hot stocks, and the incremental capital brought by newly listed ETFs is also worth watching.

Currently, 8 ETFs have disclosed plans to list next week, tracking non-ferrous metals, ChiNext growth, ChiNext computing power, and dividend quality.

Currently, 1 ETF has disclosed plans to launch next week, tracking ChiNext batteries.