一键配置AI+智能车+创新药！港股科技ETF天弘(159128)今日重磅上市，可T+0交易，不受QDII额度限制

Core Viewpoint - The Hong Kong stock market is experiencing a strong rebound in the innovative drug sector, following a significant surge in Xpeng's stock, with the launch of the Hong Kong Technology ETF Tianhong (159128) that focuses on AI, smart vehicles, and innovative drugs [1] Group 1: ETF Launch and Composition - The Hong Kong Technology ETF Tianhong (159128) tracks the Guozheng Hong Kong Stock Connect Technology Index, which focuses on the top 30 core technology assets in Hong Kong [1] - The top ten constituent stocks of the index account for over 75% of its total weight, with a focus on cutting-edge fields such as AI, smart vehicles, and innovative drugs [1] - Compared to the Hang Seng Technology Index, the Guozheng Hong Kong Stock Connect Technology Index has a higher allocation to innovative drugs, and compared to the Hong Kong Internet Index, it has a higher allocation to smart vehicles and biomedicine [1] Group 2: Performance Metrics - As of November 11, the Guozheng Hong Kong Stock Connect Technology Index has increased by 44.83% year-to-date, outperforming the Hong Kong Internet Index and Hang Seng Technology Index, which rose by 39.34% and 32.59% respectively [1] - The annualized return since 2020 for the Guozheng Hong Kong Stock Connect Technology Index is 11.7%, also exceeding the returns of the Hang Seng Technology and Hong Kong Internet indices [1] Group 3: Market Dynamics - The fundamentals of Hong Kong technology giants are showing resilience and recovery momentum, with increasing AI penetration and a recovering domestic economy expected to drive quarterly earnings growth for constituent stocks [1] - There has been a continuous inflow of southbound funds, with a net inflow exceeding 50 billion HKD this year, marking a historical high [1] - The recent weak ADP data has increased the probability of a Federal Reserve rate cut in December, which may further influence market dynamics [1] Group 4: Valuation Metrics - As of November 11, the PE valuation of the Guozheng Hong Kong Stock Connect Technology Index is at the 36th percentile of the past five years, indicating a high safety margin and significant investment value [2] - The Hong Kong Technology ETF Tianhong (159128) has substantial elastic space, with all constituent stocks being eligible for the Shanghai-Hong Kong Stock Connect, thus not subject to QDII quota restrictions and allowing T+0 trading [2]