Cross-border and industry ETFs go against the trend and attract "gold."

Since entering 2026, the flow of funds has shown a diversified trend. While broad-based ETFs are experiencing outflows, industry-specific ETFs and cross-border ETFs are "attracting money" against the trend, with a net inflow of 63 billion yuan in the year. Industry-specific ETFs such as chemicals, non-ferrous metals, and satellites are favored. Several interviewees, including fund managers, have stated that the technology growth sector remains the core investment theme of 2026.