Aerospace and Defense ETF Tianhong (159241) saw net subscriptions of 12 million units during the trading day, with the target index valuation below its level for close to 80% of the time over the past year.

In the market, the aerospace concept declined. Regarding related ETFs, the Aerospace ETF Tianhong (159241) index fell by 0.23% during the trading session, with a net subscription of 12 million units, ranking first among similar funds in the Shenzhen market; the trading volume reached 62.4917 million yuan; the turnover rate was 7.23%, also the highest among similar funds. Among the constituent stocks, Aerospace Development, China Satellite, Changyingtong, and others also declined.

The Aerospace 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 ETF Tianhong (159241) is positioning itself to capture investment opportunities in the commercial aerospace sector. Its constituent stocks cover niche areas such as aerospace equipment and satellite internet, space photovoltaics, large aircraft, and low-altitude economy, involving cutting-edge technologies like space solar power and low-earth orbit, which are expected to benefit from both policy support and market growth.

Data from the past year shows that the Guozhen 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. From a valuation perspective, the index now has certain cost-performance advantages.

In recent news, according to Securities Times, SpaceX plans to launch an IPO in June 2026, with a target valuation of 1.75 trillion USD, potentially setting a new record in global capital markets. On March 30, China Academy of Space Technology successfully launched the Li Jian 2 rocket, which accurately delivered three satellites into their designated orbits, marking a major breakthrough in China’s reusable liquid launch vehicle technology; simultaneously, Tianbing Technology’s Tianlong 3 is expected to perform its first flight on April 2. In 2026, the government work report will for the first time list aerospace as a new pillar industry, with the National Space Administration establishing a Commercial Space Department and aiming to achieve high-quality development of commercial space by 2027. Jinan City has set up a space information and low-altitude economy industry fund exceeding 17.5k yuan, while Anhui Province promotes the low-altitude economy with Hefei and Wuhu as dual cores, forming a complete industrial closed loop.

Daily Economic News