无惧调整！这些ETF获逆势加仓

Core Viewpoint - Despite recent adjustments in the Hong Kong stock market, several ETFs have seen increased investments as investors take advantage of the situation to accumulate positions [1][5]. Group 1: Market Performance - Since early 2025, the Hong Kong stock market has experienced a strong performance, with the Hang Seng Index rising over 30% and the Hang Seng Tech Index increasing by more than 40% from January 14 to March 19 [3]. - However, from March 20 onwards, the Hang Seng Index has declined nearly 6%, and the Hang Seng Tech Index has dropped nearly 9% due to profit-taking and external factors such as potential tariff issues [3][4]. Group 2: ETF Inflows - Several ETFs tracking the Hong Kong market, including the Southern Eastern Hang Seng Tech ETF and the Amundi Hang Seng Tech ETF, have seen significant increases in their fund shares during the recent market adjustments [1][6]. - For instance, the Amundi Hang Seng Tech ETF's shares increased from 12.40 billion to 17.30 billion in just four trading days, reflecting a rise of 4.9 billion shares [6][8]. - Similarly, the Southern Eastern Hang Seng Tech ETF's shares rose from 76.83 billion to 78.28 billion, an increase of 1.45 billion shares over the same period [10]. Group 3: Sector Analysis - Year-to-date, the net inflow of southbound funds into the Hong Kong stock market has been robust, with significant investments in non-essential consumer goods (1.151 billion HKD), information technology (972 million HKD), and financials (749 million HKD) [4]. - The market's focus has been primarily on technology stocks, with sectors such as the internet, semiconductors, and AI showing particularly strong performance [4]. Group 4: Future Outlook - Analysts believe that the underlying logic for the rise in the Hong Kong stock market remains intact, with expectations of continued growth in quality growth stocks and a favorable macroeconomic environment [16]. - The overall valuation of the Hong Kong market is currently near historical averages, suggesting that there is still potential for upward movement as economic conditions improve and liquidity remains favorable [16].