Venture(US:VEMLY) Xin Lang Ji Jin·2025-07-20 23:37Core Viewpoint - The A-share artificial intelligence market has seen a significant resurgence, highlighted by the recent announcement of a 1:2 share split for the first AI ETF tracking the ChiNext AI Index, which is expected to lower trading barriers and enhance liquidity and trading activity in the secondary market [1][2][3]. Summary by Sections ETF Share Split - The ChiNext AI ETF (159363) has completed a 1:2 share split, increasing the total number of shares from 1.328 billion to 2.656 billion, while the net asset value per share decreased from 1.1902 yuan to 0.5951 yuan [2][3]. - The share split reduces the trading threshold from approximately 120 yuan to about 60 yuan per unit, making it more accessible to a larger number of investors [3]. Market Performance and Investor Sentiment - The ChiNext AI Index has shown a remarkable increase of 58% over the past year, outperforming major indices such as the CSI 300, ChiNext Index, and STAR Market Index [4]. - The ETF has attracted significant capital inflow, with its latest fund size reaching 15.81 billion yuan as of July 18, 2025, driven by positive market sentiment and strong performance from key holdings [7]. Composition and Focus - The ChiNext AI ETF has a high concentration in the optical module sector, with the top three optical module leaders accounting for 28.21% of the index, and the optical module industry comprising 33.81% of the index [6]. - The index focuses on the upstream infrastructure of the AI industry, with over 63% of its components related to computing power infrastructure, which is increasingly seen as a leading indicator for the AI market in A-shares [6]. Fund Management and Strategy - The ETF is managed by Huabao Fund, which has established a diverse range of ETFs, including those focused on high-tech sectors and innovative pharmaceuticals, reflecting a strategic focus on high-growth industries [10][11]. - The fund's manager noted that the relative easing of U.S.-China relations and increased capital expenditure by overseas cloud service providers have positively influenced investor interest in the ETF [7].