20cm速递｜关注科创板100ETF（588120）投资机会，资金配置与政策导向引关注

Group 1 - The core viewpoint is that the proportion of stocks held by insurance companies in the Sci-Tech Innovation Board is on a long-term upward trend, with a potential increase in stock investment scale by 166.9 billion yuan under neutral mid-term conditions [1] - The potential for increasing equity allocation by insurance funds is significant, with a static estimate indicating that if the stock and fund investment ratio is raised to a 30% cap, the stock investment scale could increase to a trillion-level [1] - The Sci-Tech Innovation Board 100 ETF (588120) tracks the Sci-Tech 100 Index (000698), which has a daily fluctuation limit of 20%, and includes 100 securities with larger market capitalization and better liquidity from the Sci-Tech Innovation Board [1] Group 2 - The index reflects the overall performance of representative enterprise securities in high-tech industries and strategic emerging industries, covering areas such as new generation information technology, biomedicine, and new materials [1]