科创板ETF五周年：数量突破100只，投资生态日渐完善

Core Insights - The total scale of the Sci-Tech Innovation Board ETFs reached 294.121 billion yuan as of September 25, with four ETFs exceeding 10 billion yuan in size [1][3] - The number of Sci-Tech Innovation Board ETFs has surpassed 100, indicating a significant expansion in the product ecosystem since the first ETFs were launched in 2020 [2][4] - The introduction of various ETF categories, including broad-based, thematic, and sector-specific ETFs, reflects a growing diversity in investment options [2][4] Product Development - As of September 26, 2025, the number of Sci-Tech Innovation Board ETFs has reached 102, with 61 new ETFs launched in 2023 alone [2][4] - The establishment of the first Sci-Tech 100 ETF in 2023 and the first Sci-Tech 200 ETF in 2024 has contributed to a more structured ETF system [2] - New ETF categories include those focused on artificial intelligence, semiconductors, and biomedicine, enhancing the range of investment strategies available [2] Institutional Engagement - Major public funds are increasingly focusing on the Sci-Tech Innovation Board, with several firms establishing comprehensive product matrices [4] - The number of off-exchange index funds related to the Sci-Tech Innovation Board has also grown, reaching 124 as of September 26 [4] - Continuous issuance and reporting of new Sci-Tech Innovation Board products indicate strong institutional interest and market activity [4] Market Performance and Trends - The allocation of active equity funds to Sci-Tech Innovation Board stocks reached a historical high of 15.36% by the end of Q2, reflecting growing confidence in the sector [4] - The outperformance of the Sci-Tech Innovation Board is attributed to the dual drivers of the AI industry cycle and liquidity influx, leading to record highs in related indices [5] - The ongoing reforms and the establishment of a growth tier for the Sci-Tech Innovation Board are expected to attract high-quality listings and enhance market dynamics [5]