Aerospace and Defense ETF Tianhong (159241) had a net purchase of 26 million shares yesterday, with a turnover rate exceeding 12%, the highest among similar funds, and a valuation lower than nearly 80% of the past year.

Daily Economic News

Editor: Ye Feng

Yesterday, the two markets opened high and moved higher, with the aerospace and aviation concept rising. Regarding related ETFs, the Aerospace and Aviation ETF Tianhong (159241) tracking index closed up 0.10%, with net subscriptions reaching 26 million units; trading volume was 107 million yuan; turnover rate reached 12.44%, ranking first among similar funds. Among the constituent stocks, Guanglian Aerospace, Hangya Technology, Huaxin Technology, and others also rose.

The Aerospace and Aviation ETF Tianhong (159241) has experienced a net capital inflow of 13.8552 million yuan over the past 30 trading days. As of March 31, 2026, the latest size of this fund was 862 million yuan.

The Aerospace and Aviation ETF Tianhong (159241) closely tracks the Guozheng Aerospace Index, which has increased by 32.50% over the past year. The first-level industry allocation in Shenwan is as high as 98.2%, making it the index with the highest “military industry purity” in the entire market. It covers key industry chain segments such as aerospace equipment, satellite navigation, new materials, and more. The constituent stocks are selected from leading companies in the military industry, including new fields like large aircraft development, low-altitude economy, and commercial spaceflight.

Data from the past year shows that the Guozheng Aerospace Index PE-TTM is 122.61 times, with the current valuation at the 20.66% percentile over the past year, lower than 79.34% of the time in the past year, indicating certain valuation attractiveness.

On the news front, China Academy of Space Technology’s Li Jian No. 2 remote sensing carrier rocket recently successfully launched, accurately sending three satellites into their designated orbits, marking the official entry of civil commercial rockets into the national-level space application system. Additionally, the company’s Sci-Tech Innovation Board IPO application has been accepted, accelerating the capitalization process of commercial space enterprises. Moreover, the National Development and Reform Commission and the Ministry of Finance have optimized the standards for radio frequency usage fees, changing the low-orbit constellation charges to fixed costs, with users no longer paying separately. The second Commercial Space Industry Development Conference was held in Shenzhen, gathering over 200 companies to participate. In the second quarter, a dense launch window for rockets is expected, with three highly anticipated Long March 11B rockets ready for launch. Cities like Chengdu and Shenyang have introduced policies to support the aerospace industry, and the Shenyang Civil Aircraft Global Supplier Conference signed intentions exceeding 10.2 billion yuan.

Daily Economic News