Venture(US:VEMLY) Xin Lang Ji Jin·2025-10-14 08:52Core Viewpoint - The three major stock indices collectively declined on October 14, with the ChiNext Index dropping nearly 4%, leading to a 4.09% decrease in the ChiNext 50 ETF (159949) to 1.382 CNY. Despite this, trading activity remained active, with a turnover rate of 11.80% and a transaction volume of 3.137 billion CNY, indicating that funds are actively positioning themselves during the adjustment period [1][4]. Fund Performance - The ChiNext 50 ETF (159949) closed at 1.382 CNY, down 4.09% from the previous day [2]. - The fund experienced a net inflow of 290 million CNY over the last five trading days, 1.38 billion CNY over the last ten days, and 1.65 billion CNY over the last twenty days, suggesting a positive sentiment among investors despite the recent downturn [1][4]. Top Holdings - The top holdings of the ChiNext 50 ETF include: - CATL: 6.1 billion CNY, down 8.08% [3] - Eastmoney: 2.72 billion CNY, down 7.78% [3] - Huichuan Technology: 1.20 billion CNY, down 2.65% [3] - Mindray: 1.16 billion CNY, down 5.77% [3] - Other notable holdings include Xinyisheng, Sunshine Power, and others, with varying degrees of change in their market values [3]. Market Sentiment - The market is currently influenced by both internal and external factors, with the Chinese Ministry of Commerce responding to U.S. tariffs by emphasizing that export controls on certain materials are legitimate measures rather than prohibitions [4]. - Several institutions, including Guotai Junan Securities, view the current asset declines as a buying opportunity, highlighting the clarity of trade risks and the stability of domestic financial conditions compared to previous shocks [4][5]. - Shenyin Wanguo Securities notes that the current market index is at a higher midpoint than in April, suggesting a learning effect in the market, with optimism for the fourth quarter despite short-term adjustments [5].