又一只，即将发布！

Core Viewpoint - The upcoming launch of the CSI Smart Selection Hangzhou Innovation 50 Index on September 23, 2025, is expected to provide new investment tools for investors focusing on the innovative industries in Hangzhou, with potential for related thematic funds to be reported in the future [1][2][6]. Group 1: Index Details - The CSI Smart Selection Hangzhou Innovation 50 Index will select 50 companies from the information technology, communication, healthcare, and automotive sectors, reflecting the performance of Hangzhou-listed companies with strong market capitalization, profitability, growth potential, and R&D investment [2][3]. - The sample space for the index includes companies listed in both mainland China and Hong Kong, with specific criteria for selection based on investment viability and industry representation [3]. Group 2: Performance Metrics - The index has shown a year-to-date return of 36.24%, with annualized returns of 8.15% over three years and 1.92% over five years, alongside annualized volatility of 27.93% and 26.82% for the same periods [4]. Group 3: Thematic Fund Landscape - There are currently 25 regional thematic funds in the market, with a diverse range of products including both index and actively managed funds, primarily focused on the economically vibrant Yangtze River Delta region [10]. - The Greater Bay Area and Beijing-Tianjin-Hebei regions are also seeing significant fund activity, with various thematic products launched to capture regional growth opportunities [11][12]. Group 4: Fund Performance and Challenges - The overall performance of regional thematic funds has been strong, with only one out of 25 funds showing a slight loss since inception, while actively managed funds have demonstrated notable advantages in returns [14]. - Despite strong performance, regional thematic funds face significant scale challenges, with total assets halved since their inception due to concentrated investment strategies and a lack of sustained marketing efforts [14].