恒指创四年来新高，港股主题基金年内最高涨超172%

Core Viewpoint - The Hong Kong stock market is experiencing a significant rally, with the Hang Seng Index reaching a four-year high and thematic funds showing impressive gains, with some exceeding 172% year-to-date [2][4]. Group 1: Market Performance - The Hang Seng Index has risen over 31% this year, leading global major indices [4]. - Thematic funds have performed exceptionally well, with the top-performing actively managed fund achieving a year-to-date increase of 172.12%, while several others have seen gains between 70% and 130% [4][5]. Group 2: Factors Driving the Market - The rise in the Hong Kong stock market is attributed to a combination of fundamental and monetary factors, with both domestic and foreign investors sharing a bullish outlook on Chinese assets [5]. - Key drivers include valuation recovery, improved corporate earnings from leading companies, and the recognition of investment opportunities in AI and innovative sectors [5][6]. - The shift in overseas monetary policy, particularly the anticipated interest rate cuts by the Federal Reserve starting in Q3 2024, is expected to enhance liquidity in the Hong Kong market [5][6]. Group 3: Future Outlook - Fund managers express optimism for the Hong Kong market, noting a trend of increasing capital inflow from both domestic and foreign investors [8]. - The overall valuation of Hong Kong stocks is considered low, with expectations for continued performance in sectors such as internet, new energy vehicles, and AI [8]. - After a period of correction, the current valuations are seen as returning to historical averages, with potential for growth in technology, pharmaceuticals, and consumer sectors [8].