On July 28, 2025, AJ Securities published a research report on the fund industry, noting that ETF funds performed the best this week, with rare metals ETFs seeing the highest gains.

Key highlights of the report are as follows:

Investment Points:

This week, ETF funds had the highest average weekly gain of 2.40%. Other types of funds ranked by average weekly returns were: quantitative funds (2.25%), active equity funds (1.76%), QDII funds (1.12%), FOF funds (0.65%), bond funds (-0.04%), and REITs funds (-1.87%).

Active Equity Funds: The average weekly return for active equity funds was 1.76%. JX Industry Preferred Hybrid A performed the best with a weekly return of 11.66%. Top-performing funds were heavily invested in sectors like electronics, non-ferrous metals, and coal. Among sector-specific active equity funds, cyclical sector funds led with an average weekly return of 4.86%. Among non-sector funds, value-style funds significantly outperformed with an average weekly return of 2.43%, while the other two categories had average weekly returns of 1.33% (growth-style) and 1.80% (balanced-style).

Quantitative Funds: This week, quantitative funds averaged a weekly return of 2.25%. YH CSI All Shares Healthcare Enhanced had the highest weekly return at 10.92%. Among strategies, index-enhanced funds performed the best with an average weekly return of 2.47%. Among index-enhanced quantitative funds, those tracking the CSI 500 Index had the highest average return of 3.18%, with 54.13% achieving positive excess returns, similar to last week. Funds tracking the CNI 2000 Index had the highest average excess return of 0.19%.

Bond Funds: Bond funds averaged a weekly return of -0.04%. YH Zhao Yi 6-Month Holding Hybrid A performed the best with a weekly return of 9.26%. Pure bond funds averaged -0.27% (short-term: -0.10%, medium/long-term: -0.30%). Among hybrid bond funds, primary hybrid bond funds averaged -0.06%, while secondary hybrid bond funds averaged 0.32%. Hybrid bond-biased and flexible allocation funds averaged 0.33% and 0.19%, respectively. Convertible bond funds averaged 2.37%.

ETF Funds: Net inflows into ETF funds this week were ¥2.007 billion, down 96.43% week-over-week (WoW). Bond ETFs saw net inflows of ¥9.969 billion, down 86.41% WoW. Among equity ETFs, broad-index ETFs had net outflows of ¥14.341 billion, a 49.48% WoW change. ETF funds averaged a weekly gain/loss of 2.40%, with top performers mostly being thematic index ETFs focused on rare metals and rare earths. Rare metals ETFs had the highest weekly gain of 11.80%, driven by tightening global supply and rising demand from the new energy sector, pushing up prices.

FOF Funds: FOF funds averaged a weekly return of 0.65%. GT Industry Rotation Equity (FOF-LOF) A performed the best with a weekly return of 7.97%. Among types, equity FOFs averaged 2.91%, while hybrid FOFs and bond FOFs averaged 0.69% and 0.01%, respectively.

QDII Funds: QDII funds averaged a weekly return of 1.12%. ChinaAMC Nomura Nikkei 225 ETF had the highest weekly return at 5.02%. Average returns by category were: equity (1.39%), hybrid (0.79%), bond (0.07%), and alternative (0.55%).

REITs Funds: REITs funds averaged a weekly gain/loss of -1.87%. Bosera Jinkai Science Park REIT performed the best with a weekly change of 8.49%.

Risk Warning: Past performance does not indicate future results and does not constitute investment advice. Data in this report is compiled from public market sources and may be subject to inaccuracies.