--- title: "ETF Weekly Review: Strong Rise in Batteries and New Energy, While Power Grid Equipment and Nonferrous Metals Attract Capital Against the Trend" type: "News" locale: "en" url: "https://longbridge.com/en/news/279251359.md" description: "Last week (March 9 - March 13), the A-share market showed structural differentiation, with the Shanghai Composite Index slightly down by 0.7%, while the Shenzhen Component Index rose by 0.76%. Battery and new energy ETFs performed strongly, with the energy and chemical ETF increasing by 11.27%. Despite an overall outflow of funds from ETFs, the power grid equipment ETF still demonstrated strong capital attraction. Several battery companies reported annual performance growth, driving the CSI Battery Index up by 8.4%" datetime: "2026-03-16T10:49:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279251359.md) - [en](https://longbridge.com/en/news/279251359.md) - [zh-HK](https://longbridge.com/zh-HK/news/279251359.md) --- # ETF Weekly Review: Strong Rise in Batteries and New Energy, While Power Grid Equipment and Nonferrous Metals Attract Capital Against the Trend Last week (March 9 - March 13), the A-share market showed significant structural differentiation. The Shanghai series indices were generally under pressure, with the Shanghai Composite Index slightly down 0.7% and the Sci-Tech Innovation 50 Index retreating 2.88%; however, the Shenzhen series indices rose against the trend, with the Shenzhen Component Index increasing by 0.76% and the ChiNext Index rebounding strongly by 2.51%. In terms of ETF performance, **HALO assets, characterized by "heavy assets and low elimination rates," continued to strengthen**, driving the performance of related commodity and stock ETFs. Among them, **the Energy and Chemical ETF from CCB Principal had a weekly increase of 11.27%, and environmental protection and coal-themed ETFs also ranked high in terms of growth.** Additionally, driven by favorable industry conditions, **battery ETFs and ChiNext new energy ETFs also recorded significant gains last week.** Regarding capital flows, last week, aside from commodity ETFs, other types of ETFs generally experienced net capital outflows, with **bond ETFs experiencing the largest outflow**, reaching 9.938 billion yuan. Notably, while the growth pace of the power grid equipment ETF slowed, it still maintained a strong ability to attract capital, ranking first in net capital inflows among all market ETFs. **Multiple factors catalyze the rise of battery and new energy ETFs** Last week coincided with the peak period for annual report disclosures of A-share listed companies. On March 10, **CATL (300750.SZ)**, **Tianqi Materials (002709.SZ)**, **Boliwei (688345.SH)**, and **Anfu Technology (603031.SH)**, four leading companies in the battery industry chain, concentrated their announcements of 2025 annual reports, all achieving "double growth" in revenue and net profit, injecting strong confidence into the sector. Supported by excellent performance, **the CSI Battery Index surged 8.4% last week**, with several ETFs tracking this index ranking high in terms of growth. Among them, the battery ETF from China Merchants Fund (561910.SH) had a weekly increase of 8.48%. The fund manager of the China Merchants Fund battery ETF, Xu Rongman, told Caixin that last week, the performance of leading battery companies increased significantly, combined with the rising power demand under the AI wave and energy security considerations amid geopolitical disturbances, boosting sector sentiment. Specifically, the production scheduling in the industry chain continued to rise, with energy storage installations and bidding continuing to grow significantly; in January 2026, new energy storage installations reached 10.9GWh, a year-on-year increase of 106%, and the bidding volume for energy storage systems in February increased by 127% year-on-year From a valuation perspective, the current valuation of the CSI Battery Theme Index is 33.77 times, which is lower than 65% of the time over the past decade. Xu Rongman stated, **Looking ahead, global energy storage demand continues to grow, coupled with technological breakthroughs in solid-state batteries, sodium batteries, and other factors, the battery industry chain is expected to welcome multiple positive resonances.** In addition, benefiting from the dual drive of HALO assets and the battery sector, the ChiNext New Energy ETF Huaxia (159368.SZ), which covers sub-sectors such as batteries, photovoltaics, and wind power, also recorded a considerable increase of 7.26%. In this regard, Shan Kuan, fund manager of the quantitative investment department at Huaxia Fund, pointed out that recent geopolitical events have heightened the focus on energy security and self-control, combined with the new demand for computing power synergy generated by the AI technology revolution, as well as the continuous promotion of domestic green and low-carbon policies, which has marginally improved the prosperity of the new energy sector. He further analyzed, **The "14th Five-Year Plan" clearly sets a ten-year doubling target for non-fossil energy**, while strengthening the anti-involution orientation, severely cracking down on low-price competition and disorderly expansion in the industry, promoting the industry to shift from extensive scale expansion to high-quality development, helping to continuously optimize the supply-side structure, and further enhancing the profitability certainty of leading enterprises; on the demand side, the overall development trend is showing a steady improvement, with domestic lithium battery production in March increasing by about 20% month-on-month, and energy storage cells becoming the core increment, reflecting the characteristics of the industry chain being resilient in the off-season and clearer signals of profit recovery. **Overall, the new energy sector is expected to welcome a dual recovery of medium to long-term performance and valuation.** **Funds are strategically allocating to power grid equipment and non-ferrous metals** Although the previously strong power grid equipment sector experienced a pullback last week, it still attracted funds to allocate against the trend. **Huaxia Fund's power grid equipment ETF saw a net inflow of 3.126 billion yuan in a single week, becoming the "king of capital attraction."** In addition, **funds have shown a "buy the dip" characteristic towards the non-ferrous metals sector**. The non-ferrous metals ETF Tianhong fell by 5.49% last week but still received a net inflow of 1.192 billion yuan, ranking seventh on the net inflow list. At the same time, well-performing products such as Huatai-PB Fund's power ETF, photovoltaic ETF, and GF Fund's power ETF also received positive capital allocation. In terms of capital outflows, **broad-based ETFs failed to reverse the net redemption trend**. The net outflow amounts for the ChiNext ETF E Fund, Huatai-PB's CSI 300 ETF, and Southern Fund's CSI 500 ETF were the top three, at 3.313 billion yuan, 2.918 billion yuan, and 2.478 billion yuan, respectively. In contrast to the capital attraction in the non-ferrous metals sector, **oil ETFs have become a heavy area of capital outflows:** Guotai Fund's oil ETF, Penghua's oil ETF, and Huatai-PB's oil and gas ETF all ranked among the top ten for net outflow ETFs **Short-term Bond ETF HaiFuTong Sets New Scale Record** From the perspective of scale changes, **Short-term Bond ETF HaiFuTong became the scale growth champion last week**, with a weekly increase of 2.206 billion yuan, bringing the total scale to 81.829 billion yuan. This product has once again surpassed the 80 billion yuan mark, setting a new historical high for circulation scale. Following closely are **the Grid Equipment ETF and Energy Storage Battery ETF under Huaxia Fund**, which grew by 2.118 billion yuan and 1.945 billion yuan respectively, ranking second and third. 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