ETF funds are being significantly relocated: Broad base ETFs are experiencing large outflows, while fixed income and dividend ETFs are becoming new favorites.

Since the beginning of the year 2026, the ETF market has experienced significant fund "big shifts" in the volatile market. The total size of the ETF market has dropped to 5.21 trillion yuan, shrinking by over 800 billion yuan in less than four months. The fund flow has quietly "changed its formation": formerly, the broad-based ETFs, which were considered as the "ballast", have experienced large outflows, while fixed income, dividend, and popular thematic ETFs have risen against the trend, becoming the new main force of attracting funds. Data shows that as of April 17th, the overall size of the ETF market shrank by 809.66 billion yuan since the beginning of the year, with the decrease in size brought by net redemptions reaching 940.145 billion yuan, while the net value contribution due to the rise in underlying asset prices was 111.984 billion yuan. This means that, despite the rebound in some sectors of the market, the risk aversion and rebalancing sentiment of some investors is still strong, and some funds choose to flow out of ETFs.