Xin Lang Cai Jing·2025-06-05 01:49Core Viewpoint - The Hong Kong stock market, particularly the internet sector, has shown strong performance with significant inflows and positive investor sentiment, driven by technological advancements and recovery from previous market shocks [4][5]. Group 1: Market Performance - As of June 5, 2025, the CSI Hong Kong Internet Index rose by 1.43%, with notable gains from companies like Heartbeat (5.01%) and Kingsoft Cloud (3.68%) [3]. - The Hong Kong Internet ETF has seen a 39.38% increase in net value over the past year, ranking 143 out of 2831 equity funds [5]. - The ETF has achieved a maximum monthly return of 30.31% since its inception, with a historical one-year profit probability of 100% [5]. Group 2: Fund Characteristics - The management fee for the Hong Kong Internet ETF is 0.50%, and the custody fee is 0.10%, which are among the lowest in comparable funds [7]. - The ETF's tracking error over the past three months is 0.022%, indicating high tracking precision [7]. - The latest price-to-earnings ratio (PE-TTM) for the index tracked by the ETF is 21.93, which is below 89.02% of the historical data over the past year, suggesting a low valuation [7]. Group 3: Major Holdings - The top ten weighted stocks in the CSI Hong Kong Internet Index account for 77.23% of the index, with Alibaba (18.49%), Xiaomi (15.72%), and Tencent (14.90%) being the most significant contributors [7][9]. - Other notable companies in the top ten include Meituan, Kingdee International, and Kuaishou, reflecting a diverse representation within the internet sector [9].