Every reporter: Peng Shuiping Every editor: Xiao Ruidong
Last week, the A-shares welcomed a long-awaited rebound across the board, with the CSI 300 Index rising 4.41%, the CSI A500 Index rising 5.11%, and the STAR 50 Index rising 8.62%; the Hong Kong Hang Seng Index also rebounded, rising 3.09% last week, while the Hang Seng Tech Index rose 3.87%.
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As the trumpet of the rebound sounded, funds poured in like a flood! Last week's market saw stock ETFs (exchange-traded funds) attract over 115.4 billion yuan in a single breath, directly lifting the total scale of all market ETFs back above the 5 trillion yuan mark.
Against this backdrop, this surge of liquidity revealed a distinct change in taste: funds decisively abandoned the &#34;old armor&#34; of defensive sectors like low-dividend and low-volatility, turning to the &#34;offensive spear&#34; of broad-based indices and the STAR Market. Broad-based indices welcomed a long-awaited rebound, with leading institutions like ChinaAMC and E Fund &#34;recovering&#34; over 20 billion yuan in a single week, and the Southern CSI 500 ETF attracting over 10 billion yuan.
ETFs Return Above 5 Trillion Yuan
Last week, the equity market finally experienced a significant rise, and stock ETFs also &#34;recovered&#34; over 100 billion yuan after a long absence, with the total scale of all market ETFs returning to above 5 trillion yuan, reaching 5.13 trillion yuan. In terms of quantity, Wind data shows that as of April 11, three new ETFs were added last week, of which two were stock ETFs and one was a cross-border ETF; thus, the total number of listed ETFs reached 1,478.
In terms of specific scale changes, last week stock ETFs and cross-border ETFs grew by 115.425 billion yuan and 20.596 billion yuan, respectively, achieving significant &#34;recovery.&#34; In addition, bond ETFs and commodity ETFs grew by 6.933 billion yuan and 5.667 billion yuan, respectively; under the siphoning effect of equity funds, money market ETFs shrank by 2.716 billion yuan.
As of April 11, the total shrinkage of all market ETFs this year fell to 895.432 billion yuan, of which stock ETFs shrank by 902.714 billion yuan, bond ETFs shrank to 54.995 billion yuan, cross-border ETFs shrank by 13.338 billion yuan, money market ETFs shrank by 2.965 billion yuan, while commodity ETFs grew by 78.579 billion yuan this year.
ETFs Linked to Indices Generally Rebound
In terms of ETFs linked to indices, last week major indices generally rebounded, with only 2 out of the TOP 20 indices experiencing a decrease in scale, and broad-based index-linked ETFs showing significant &#34;recovery.&#34;
First, let's focus on two indices that have shrunk in scale, namely the Hong Kong Stock Connect Innovative Drug Index and the Dividend Low Volatility Index. Both have been safe havens for risk-averse funds in the past, and under last week's retreat of risk aversion, the linked ETFs shrank by 1.182 billion yuan and 190 million yuan, respectively, which is in line with expectations.
In terms of specific scale growth, last week, two broad-based index-linked ETFs saw their scales increase by over 15 billion yuan, with the CSI 300 Index &#34;recovering&#34; 17.502 billion yuan and the CSI 500 Index-linked ETF growing by 15.136 billion yuan in a week. Additionally, the STAR 50 Index and the Hang Seng Tech Index-linked ETFs grew by 8.325 billion yuan and 6.436 billion yuan, respectively, showing notable performance.
From the year-to-date changes, the scale of the CSI 300 Index-linked ETF has shrunk to 617.439 billion yuan, with the latest scale at 568.118 billion yuan; the CSI 1000 and SSE 50 Index-linked ETFs have shrunk by 135.273 billion yuan and 110.087 billion yuan, respectively. Furthermore, the SGE Gold 9999 Index, the segmented chemical index, and the Hang Seng Tech Index-linked ETFs have all seen scale growth of over 20 billion yuan this year, amounting to 63.886 billion yuan, 24.788 billion yuan, and 20.271 billion yuan, respectively.
Which management institution was the strongest last week?
In terms of management institutions, all of the TOP 20 management institutions achieved ETF scale growth last week, with the TOP 5 institutions each growing by over 10 billion yuan. In terms of rankings, there were no changes in the rankings of the TOP 20 management institutions last week.
Regarding scale changes last week, both Huaxia Fund and E Fund saw their ETF scales grow by over 20 billion yuan, with the former's latest scale returning above 70 billion yuan. Southern Fund, Guotai Fund, and Huatai-PB Fund all &#34;recovered&#34; by over 10 billion yuan, with ETF scales growing by 18.303 billion yuan, 10.382 billion yuan, and 10.105 billion yuan, respectively. Additionally, GF Fund, Harvest Fund, and Bosera Fund all saw their ETF scales grow by over 7 billion yuan last week.
In terms of year-to-date scale changes, as of now, the number of institutions with ETF scale growth exceeding 10 billion yuan has risen to 5, with Haifutong Fund, Guotai Fund, and Huaxin Fund growing by 36.660 billion yuan, 25.618 billion yuan, and 16.243 billion yuan, ranking in the top three; additionally, Bosera Fund and Tianhong Fund grew by 15.827 billion yuan and 11.184 billion yuan, respectively.
Meanwhile, Huaxia Fund, E Fund, and Huatai-PB Fund have seen their ETF scales shrink year-to-date to 252.435 billion yuan, 230.105 billion yuan, and 210.116 billion yuan, respectively; in addition, Southern Fund and Harvest Fund have seen their ETF scales shrink by 118.196 billion yuan and 109.172 billion yuan, respectively
How is the scale of the TOP20 products?
In terms of leading products, all TOP20 products achieved scale growth last week. In terms of ranking changes, Huaxia Hang Seng Technology ETF surpassed Cathay CSI All Share Securities Company ETF to enter the top ten, while the latter dropped one position to 11th place. Harvest SSE Science and Technology Innovation Board Chip ETF rose one position to 17th place, with no other rankings changing.
In terms of specific scale changes, Southern CSI 500 ETF saw a significant increase of 10.479 billion yuan, becoming the only product last week to grow by over 10 billion yuan. Additionally, Huatai-PB CSI 300 ETF, E Fund CSI 300 ETF, and Huaxia SSE Science and Technology Innovation Board 50 ETF all grew by over 4 billion yuan.
In terms of year-to-date scale changes, Huaan Gold ETF and Cathay Gold ETF both saw increases of over 10 billion yuan this year, at 24.895 billion yuan and 12.958 billion yuan, respectively. Furthermore, Bosera Gold ETF and E Fund Gold ETF increased by 8.649 billion yuan and 7.711 billion yuan, respectively.
On the other hand, Huatai-PB CSI 300 ETF, E Fund CSI 300 ETF, Huaxia CSI 300 ETF, Huaxia SSE 50 ETF, and Harvest CSI 300 ETF saw year-to-date reductions of 217.452 billion yuan, 158.888 billion yuan, 135.503 billion yuan, 108.156 billion yuan, and 102.073 billion yuan, respectively.
Daily Economic News

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Last week, the A-share market rebounded across the board, with the CSI 300 Index rising by 4.41%, the CSI A500 Index increasing by 5.11%, and the STAR 50 Index climbing by 8.62%. Equity ETFs attracted over 115.4 billion yuan, bringing the total market size back to 5 trillion yuan, reaching 5.13 trillion yuan. Fund flows indicate that investors are abandoning low-volatility defensive sectors in favor of broad-based indices and the Science and Technology Innovation Board. Three new ETFs were added, bringing the total to 1,478. Bond and commodity ETFs also saw growth, while money market ETFs shrank by 2.716 billion yuan

腾讯新闻 - 财经

CSI 300

STAR 50

GF Fund CSI A500 ETF

ChinaAMC SSE Science and Technology Innovation Board 50 ETF

Huatai-PB CSI 300 ETF

CIB CSI A500 ETF

E Fund China Science and Technology Innovation Board 50 Component ETF

Fullgoal CSI A500 ETF

Huatai-PB SSE Science and Technology Innovation Board 50 ETF

Huatai-PB CSI A500 ETF

Harvest SZSE SME-ChiNext Composite 300 ETF

J.P.Morgan Asset Management CSI A500 ETF

E Fund CSI 300 ETF Initiating Fund

Last week, the ETF market "recovered significantly," regaining the 5 trillion yuan mark