人工智能AIETF投资价值分析：算力—模型—应用共振下的人工智能产业链价值重估

Group 1 - The report highlights the significant growth of the AI industry driven by the synergy of computing power, models, and applications, with a strong policy framework supporting its development since 2019 [1][9][10] - The demand for AI computing power continues to rise, with AIDC becoming a core engine for AI development, providing efficient and stable computing environments for AI training and inference [15][16] - The global AI investment and financing amount surged to 31.6 billion USD in the first half of 2024, a year-on-year increase of 84%, with large model enterprises leading the financing events [2][25][27] Group 2 - The CSI Artificial Intelligence Theme Index consists of 50 listed companies involved in providing foundational resources, technology, and application support for AI, reflecting the overall performance of AI-related securities [3][43] - As of September 2025, the index has shown a total return of 63.28% from January 2020 to September 2025, with an annualized return of 15.14%, outperforming major indices like CSI 300 [3][53] - The index's constituent stocks are primarily concentrated in the computer, electronics, and communication sectors, with a market capitalization distribution indicating a balanced representation across different company sizes [3][47][49] Group 3 - The report details the performance of the Huaxia CSI Artificial Intelligence Theme ETF, which tracks the CSI Artificial Intelligence Theme Index and has a fund size of 9.075 billion CNY as of September 2025 [4][57] - The ETF aims to minimize tracking deviation and error, with a management fee rate of 0.50% and a custody fee rate of 0.10% [4][58]