基金市场点评：科创类ETF分析及品种筛选

Performance Overview - The Shanghai Composite Index has increased by 7.92% over the last 60 days and 2.02% year-to-date[3] - The China Securities Fund Index has risen by 3.31% over the last 60 days and 1.33% year-to-date[3] - Stock funds have shown a 9.08% increase over the last 60 days and 3.80% year-to-date, while mixed funds have increased by 8.30% and 4.58% respectively[3] - Bond funds have decreased by 0.32% in both the last 60 days and year-to-date[3] ETF Market Insights - There are over 70 listed science and technology ETFs with a total scale of nearly 3000 billion yuan, with the Sci-Tech 50 ETF accounting for over 60% of this scale[4][8] - The largest single fund is the Huaxia Sci-Tech 50 ETF, with a scale exceeding 900 billion yuan, representing about 31% of the total Sci-Tech ETF market[4][9] Sector Analysis - The Sci-Tech 50 Index is recommended for focus due to its strong market performance, particularly in sectors like semiconductors and aerospace equipment[5][13] - The Sci-Tech Chip Index shows a higher risk-reward ratio, favoring investments in semiconductor equipment and materials[5][16] - The Sci-Tech Biotech Index reflects a significant portion of the Sci-Tech board, with approximately 18% of companies in the biotech sector[19] Risk Considerations - Potential risks include changes in index compilation methods, underperformance of the macro economy, and escalation of US-China trade tensions[26] - Historical data does not guarantee future performance, and non-principal-protected products may face extreme scenarios where capital recovery is not assured[26]