ETF landscape shifts: "billion-yuan fund" is gone, era of diversity arrives.

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In the first half of the year, the ETF market continued to show a trend of structural development. Technology-themed ETFs maintained strong capital-raising ability, and sub-sectors such as communications equipment, semiconductors, and innovative science and technology chips became the main drivers of scale growth. Funds continued to concentrate in thriving industries. Judging by the data, the ETF market as a whole still remained on a momentum of expansion. As of the end of June, the total number of ETFs across the market reached 1,595, setting a new historical record high. Meanwhile, the market’s overall scale structure saw new changes: the size of broad-based ETFs such as CSI 300, which expanded rapidly last year, declined, and the “public ETF ‘trillion-yuan club’” has temporarily hit zero. However, product types have continued to diversify, and the market is gradually moving from being led by a small number of broad-based products toward a more diversified development stage. (Securities Times)
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