Core Viewpoint - The article discusses the performance and trends of the Sci-Tech Innovation Board Artificial Intelligence Index and the related ETF, highlighting the impact of government policies and market dynamics on the AI sector in China [2][3][4]. Group 1: Market Performance - As of May 7, 2025, the Sci-Tech Innovation Board Artificial Intelligence Index (950180) decreased by 0.17%, with mixed performance among constituent stocks [2]. - Notable gainers included Zhongke Xingtou (688568) up by 6.17%, Youfang Technology (688159) up by 3.31%, and Cambricon (688256) up by 2.71% [2]. - Conversely, Tianzhun Technology (688003) led the declines at 3.05%, followed by Chipone (688521) down 2.57% and Anheng Information (688023) down 2.39% [2]. Group 2: ETF Performance - The Sci-Tech AI ETF (588790) showed a recent price of 0.6 yuan, with a cumulative increase of 6.71% over the past two weeks [2]. - The ETF's trading volume was notable, with an 8.62% turnover and a total transaction value of 249 million yuan [2]. - The ETF's total assets reached 2.862 billion yuan, marking a new high since its inception, ranking it in the top 1/6 among comparable funds [3]. Group 3: Fund Inflows and Leverage - The Sci-Tech AI ETF experienced a significant increase in shares, growing by 36.3 million shares over the past two weeks, placing it in the top 1/6 for comparable funds [4]. - The ETF saw a net inflow of 84.6078 million yuan, with five out of the last seven trading days recording net inflows totaling 227 million yuan [4]. - Leveraged funds have been actively buying into the ETF, with a maximum single-day net purchase of 13.8065 million yuan, bringing the latest financing balance to 57.3333 million yuan [4]. Group 4: Historical Returns and Fees - Since its inception, the Sci-Tech AI ETF has recorded a maximum monthly return of 15.59%, with an average return of 15.59% during rising months and a 95.65% probability of profit over three months [4]. - The ETF's management fee is 0.50% and the custody fee is 0.10%, which are among the lowest in comparable funds [6]. - The tracking error over the past two months was 0.012%, indicating high tracking precision compared to similar funds [6]. Group 5: Index Composition - As of April 30, 2025, the top ten weighted stocks in the Sci-Tech Innovation Board Artificial Intelligence Index accounted for 70.68% of the index, with notable companies including Lanke Technology (688008) and Cambricon (688256) [6][8]. - The top ten stocks include a mix of gainers and losers, reflecting the volatility in the AI sector [8].