In 2024, stock ETFs attracted a cumulative net inflow of 1.01 trillion yuan throughout the year, becoming an important source of incremental funds for A-shares. Among them, broad-based ETFs attracted a net inflow of 1 trillion yuan, contributing the majority of the incremental funds. Among broad-based ETFs, large-cap ETFs such as the Shanghai and Shenzhen 300 and the CSI A500 attracted a total inflow of 767.5 billion yuan, becoming the main source of incremental funds. Before October, a large amount of funds flowed into the Shanghai and Shenzhen 300 ETF, leading to a significant expansion of index funds. After October, the CSI A500 ETFs were issued intensively and attracted a large amount of funds, becoming the main force of inflows into broad-based ETFs, with a total net inflow of 215.5 billion yuan for the year. In addition, the entrepreneurship and innovation ETFs attracted more inflows after the end of September, with a total net inflow of 69.8 billion yuan for the year. Among industry/theme ETFs, dividend low volatility and consumption pharmaceuticals attracted more inflows. In terms of dividend low volatility, before the end of September, with a low market risk appetite and the new "nine articles" driving a reshaping of investment concepts, dividend low volatility ETFs attracted more fund allocations. During the market rebound at the end of September, after experiencing outflows, they attracted a large amount of funds inflow again during the rapid decline in interest rates at the end of the year, with a total net inflow of 35 billion yuan for the year. In terms of consumption pharmaceuticals, the reversal of policy thinking at the end of September and the warming expectation of domestic demand repair drove some funds to invest in ETFs to layout the consumption pharmaceutical sector, with a total net inflow of 19.7 billion yuan for the year. Meanwhile, ETFs focusing on cyclicals + financials, TMT, and manufacturing saw more outflows. This article is reprinted from the WeChat public account "Yao Wang Hou Shi", GMTEight Editor: Chen Xiaoyi.