Insiders: Although market sentiment has improved recently, overall it remains cautious. Some funds have started "taking profits" on broad-based indexes.

As of April 28th, the total scale of stock ETFs in the entire market reached 3.64 trillion yuan with a total of 1089 stocks. On that day, the total market share of stock ETFs decreased by 4.563 billion shares, and based on the average transaction price, the net outflow of funds on that day was approximately 6.412 billion yuan. In terms of specific categories, broad-based ETFs had the highest net outflow of funds, with a net outflow of 5.074 billion yuan. In terms of scale changes, the scale of broad-based ETFs decreased by 10.761 billion yuan. Looking at specific indexes, the net outflow of the Shanghai and Shenzhen 300 ETF on April 28th ranked first for the day, reaching 2.046 billion yuan. Looking at individual funds, the net outflow of the Shanghai and Shenzhen 300 ETF on a single day ranked first, reaching 1.183 billion yuan. Core broad-based index ETFs such as the SSE 50 ETF and the CSI 1000 ETF, which had previously attracted a large amount of funds, also experienced a certain amount of net outflow of funds. Industry insiders have stated that although market sentiment has improved recently, it still remains cautious overall. Therefore, some funds are beginning to take profit and close positions in broad-based index ETFs.