“十五五”规划敲定投资方向，这类ETF迎来高光时刻！

Core Viewpoint - The article emphasizes the importance of investing in hard technology sectors, highlighting that ETFs are ideal tools for sharing policy dividends as the "14th Five-Year Plan" transitions into actionable policies [3][6]. Group 1: Policy and Market Context - The "14th Five-Year Plan" aims to accelerate high-level technological self-reliance and establish a modern industrial system centered on advanced manufacturing, injecting strong momentum into China's high-tech industry [3][6]. - Historical data indicates that the technology sector, as a policy focus, has outperformed most other sectors in the 1-3 years following policy announcements [4][9]. - The recent A-share market recovery in the technology sector, with significant inflows into technology ETFs, signals a strong market response to policy expectations [7][9]. Group 2: Performance of Technology Sectors - The A-share market has shown robust performance, with the Shanghai Composite Index rising from 2748.92 points to 4000 points, largely driven by the electronics sector, which contributed 34.9% to this increase [10][11]. - The current market rally is characterized as a "hard technology-driven" structural bull market, reflecting a fundamental shift in economic growth dynamics [12][13]. Group 3: Investment Opportunities in ETFs - Technology ETFs have become a primary tool for investors to access the A-share market, with a total market size exceeding 5 trillion, offering low-cost, transparent, and convenient investment options [13][14]. - The Sci-Tech Innovation 50 ETF has shown an average return of 60.8% this year, with the largest fund, the Sci-Tech Innovation ETF, achieving a return of 61.5% [14][19]. - The top holdings in the Sci-Tech Innovation 50 Index include leading companies in semiconductor and renewable energy sectors, indicating strong growth potential [16][24]. Group 4: Risk and Stability in Investment - The article discusses the high volatility associated with the Sci-Tech Innovation 50 Index, which has experienced a maximum drawdown exceeding 60% since inception, suggesting that investors should be prepared for significant fluctuations [25][27]. - For risk-averse investors, the Sci-Tech Bond ETFs provide a more stable investment option, combining fixed income with exposure to technology sectors, thus reducing overall asset volatility [28][36].