In July, stock ETFs attracted over 470 billion yuan, with broad-based products becoming the absolute main force.

In July, the A-share market experienced a significant pullback, but stock ETFs saw a large influx of capital. Overall, the combination of broad-based ETFs and sector-themed ETFs in the stock ETF category attracted over 470 billion yuan. Among them, broad-based index ETFs became the absolute main force for capital purchases, with ETFs tracking core broad-based indices such as the CSI 300 and the CSI A500 receiving substantial increases. ETFs that track the Sci-Tech 50, CSI 1000, and the ChiNext Index also displayed a blossoming trend. In terms of sector-themed ETFs, the semiconductor ETF, which had a considerable decline, showed a "buy the dip" trend, while the technology ETF in Hong Kong, which rebounded significantly, demonstrated a "sell on rise" trend. This indicates that there is a coexistence of bottom-fishing and profit-taking strategies. In other asset categories, currency, commodity, and convertible bond ETFs received additional capital allocation, while credit bonds, interest rate bonds, and cross-border ETFs experienced net outflows of funds.