Core Viewpoint - The Hong Kong Stock Connect Non-Bank ETF has reached a record high in both scale and shares, indicating strong investor interest and inflows into the non-bank financial sector [1][2]. Fund Performance - As of August 6, 2025, the Hong Kong Stock Connect Non-Bank ETF has seen a net asset value increase of 92.47% over the past year, ranking 41 out of 2949 index stock funds, placing it in the top 1.39% [2]. - The ETF has recorded a maximum single-month return of 31.47% since its inception, with the longest consecutive monthly gain being 4 months and a total increase of 38.25% during that period [2]. - The ETF has outperformed its benchmark with an annualized excess return of 7.34% over the past six months [2]. Index Composition - The CSI Hong Kong Stock Connect Non-Bank Financial Theme Index consists of up to 50 listed companies that meet the non-bank financial theme criteria, reflecting the overall performance of this sector within the Hong Kong Stock Connect [2][4]. - The top ten weighted stocks in the index account for 78.19%, with the top three—China Ping An, AIA Group, and Hong Kong Exchanges—each exceeding 14% of the total weight [3]. Market Trends - The recent report from the China Insurance Industry Association indicates a life insurance preset interest rate of 1.99%, suggesting a shift towards dividend insurance products due to lower cost of guarantees [3]. - The investment style of insurance capital is expected to remain "fixed income plus," but with a potential increase in equity allocation as macroeconomic conditions stabilize and capital markets improve [4]. - The Hong Kong Stock Connect Non-Bank ETF is the first and only ETF tracking the Hong Kong non-bank index, with over 60% of its holdings in the insurance sector, which is seen as a key driver in a bull market [4].
规模逼近130亿元！全市场唯一港股通非银ETF(513750)年内反弹近53%，近一个月净流入超73亿元
Xin Lang Cai Jing·2025-08-08 02:03