The landscape of ETFs is changing: "Trillion-dollar fund" is gone, and the era of diversity is coming.

In the first half of the year, the ETF market continued its trend of structural development. Technology-themed ETFs continued to maintain strong attractiveness, with sub-sectors such as communication equipment, semiconductors, and scientific and technological innovation chips becoming the main drivers of growth in scale, with funds continuing to focus on prosperous industries. From a data perspective, the overall ETF market still maintains a trend of expansion. As of the end of June, the total number of ETFs in the market reached 1595, reaching a new historical high. At the same time, there have been new changes in the market size structure, with the scale of broad-based ETFs such as the Shanghai and Shenzhen 300 that expanded rapidly last year showing a slight decline, and the "billion-dollar club" of public offering ETFs temporarily clearing zero. However, the variety of product types continues to increase, and the market is gradually moving from being dominated by a few broad-based products to a more diversified development stage.