In the first quarter, the total scale of ETFs evaporated by over one trillion, while some companies went against the trend to "attract capital."

Wind data shows that by the end of the first quarter, the total market ETF size was approximately 4.99 trillion yuan, a decrease of about 1.03 trillion yuan compared to the end of last year. Although broad-based varieties became the main drag, some companies still achieved counter-trend growth. Among them, Haitong Fund's scale increased by over 30 billion yuan in the first quarter, ranking first in the industry; Guotai Fund's increase exceeded 16 billion yuan, successfully surpassing a total scale of 300 billion yuan; Yongying Fund's increase was over 14 billion yuan, ranking third. From the product side, ETFs themed on power grid equipment, short-term bonds, gold, and satellite communication became the main direction of capital inflow, replacing traditional broad-based varieties, indicating that investors' preferences are accelerating towards segmented tracks and safe-haven assets in a volatile market. (Securities Times)