Funds have been strategically allocated against the trend, with increased positions in both technology-themed and broad-based ETFs.

During the market volatility adjustment process, funds continue to flow into ETFs against the trend. Wind data shows that on July 14th, several ETFs received net inflows of funds, with semiconductor, artificial intelligence, and other technology-themed ETFs being the most favored. At the same time, broad-based ETFs such as the CSI 300, CSI 500, and CSI 1000 also attracted a large amount of fund inflows. Looking at the fund flow in the past week, technology-themed and broad-based ETFs remain the main focus of fund allocation. Industry experts believe that the current adjustment of some high-quality assets is more influenced by liquidity factors rather than fundamental deterioration. From a long-term perspective, both value sectors and technology growth directions have noteworthy allocation opportunities.