作为公募领域最早布局指数业务的头部基金公司之一，嘉实基金在2005年8月便推出了业内首只沪深300 指数基金，奠定了嘉实在被动指数投资领域的开拓者地位。目前旗下ETF产品线覆盖宽基、行业、主 题、跨境等多元赛道，持续为投资者打造兼顾"投资价值+使用场景"的ETF生态圈。 为积极响应市场投资趋势，嘉实基金携手战略合作伙伴中信证券，积极参与其主办的第7期ETF实盘大 赛。大赛已于2025年12月1日启动报名（截止至2026年1月31日），并于12月8日正式开赛，诚邀广大投 资者参与实战，交流智慧，赢取佳绩。 2.港股通消费ETF（520620），紧密跟踪恒生消费指数，成分股近乎囊括港股日常消费的各个领域，消 费属性纯粹。随着经济复苏与消费升级趋势深化，该指数为投资者提供了便捷布局港股消费核心资产、 捕捉泛消费板块成长潜力的高效选择。 3.中证500ETF（159922），紧密跟踪中证500指数。作为A股中盘成长风格的核心代表，该指数汇集了沪 深两市500家具有高成长性和创新活力的中型上市公司，行业分布均衡，是新经济动能的"聚集地"，为 投资者提供布局中盘核心资产的优质工具。 4.稀土ETF嘉实（516150），紧 ...

With the rising costs of healthcare steeply outpacing inflation, could more people afford it by investing in the sector? That’s part of the idea behind the first two ETFs by longtime healthcare consulting firm Milliman. In November, the company filed with the Securities and Exchange Commission for the Milliman Healthcare Inflation Guard (MHIG) and Healthcare Inflation Plus (MHIP) funds. Those will be the first in a broader line of ETFs designed to help address financial risks among workers, retirees, comp ...

Core Viewpoint - The First Trust NASDAQ Transportation ETF (FTXR) has reached a 52-week high and has increased by 54.6% from its 52-week low of $25.47 per share, raising questions about its potential for further gains [1]. Group 1: Fund Overview - FTXR provides exposure to U.S. companies in the transportation sector and charges an annual fee of 60 basis points [2]. Group 2: Performance Drivers - The rise in FTXR's performance is attributed to positive developments in the transportation sector, including stronger earnings forecasts for certain airline stocks and a bullish outlook for freight transportation [3]. - On December 11, 2025, FTXR announced a quarterly dividend of 17 cents per share, which is over a 60% increase from the previous quarter's payment, potentially acting as a catalyst for the ETF's recent high [3]. Group 3: Future Outlook - FTXR is expected to maintain its strong performance in the near term, supported by a positive weighted alpha of 22.80, indicating potential for further rally [4].

A股三大指数早盘低开低走，板块题材上，乳业、零售、保险板块活跃，海南、影视院线、光伏、半导体等板块调整；港股全线走弱，科技股领跌。截至中 间收盘，中证A.500指数下跌1.7%，沪深300指数下跌1.4%，创业板指数 下跌2.4%，上证科创板50成份指数下跌2%，恒生中国企业指数下跌2.1%。 核心大盘宽基指数基本情况跟踪 (2025年12月16日) A股大盘宽基:沪深300ETF易方达/A500ETF易方达 旺费率 跟踪沪深300指数/中证A500指数 沪深300指数由沪深市场中规 模大、流动性好的300只股票 组成,完整覆盖11个中证一级 行业 截至午间收盘 中证A500指数由各行业市值较 中证A500指数涨跌 大、流动性较好的500只证券 沪深300指数涨跌 -1. 4% 该指数 滚动市盈率 -1.7% 16.6倍 创业板大盘宽基:创业板ETF | | 跟踪创业板指数 该指数由创业板中市值大、 流动性好的100只股票组成, 战略新兴产业占比较高,电 力设备、通信、电子行业合 计占比近60% 该指数 滚动市盈率 13.9倍 截至午间收盘 该指数涨跌 该指数 滚动市盈率 2 4% 40.0倍 科创板大盘宽基 ...

Group 1 - The core viewpoint emphasizes that Huaxia Fund aims to enhance investor experience and market opportunities through a comprehensive multi-asset platform, focusing on index investment strategies [1] - Huaxia Fund has developed a dual-driven ecosystem of "asset management + wealth management," supported by products, talent, and technology, catering to 250 million investors [1] - The company is actively participating in the 7th ETF live competition organized by CITIC Securities, which started registration on December 1, 2025, and will run until January 31, 2026, with the competition commencing on December 8 [1] Group 2 - Huaxia Fund offers key ETF products such as the ChiNext AI ETF (159381), which focuses on AI companies in the ChiNext market, with over 57% weight in optical module CPOs [1] - The Chip ETF (159995) includes 30 leading stocks from the A-share chip industry chain, emphasizing quality stocks with higher liquidity [1] - The AI ETF (515070) aggregates the entire AI industry chain, including AI computing chips, domestic software systems, and leading AI application stocks [2] - The Sci-Tech AI ETF (589010) focuses on investment opportunities in the AI industry chain, with over 50% semiconductor content, highlighting its hard technology attributes [2]

Group 1 - The core viewpoint of the articles emphasizes that Huaxia Fund is a leader in the domestic ETF market, focusing on a comprehensive multi-asset platform to enhance investor experience and capture market opportunities [1][2] - Huaxia Fund offers a wide range of ETF products, with a total of 116 ETFs covering core broad-based indices, hot industries/themes, commodities, domestic and international markets, and strategy indices [1] - The company is actively participating in the CITIC Securities ETF live competition, promoting its flagship ETF products such as the Robot ETF, Chip ETF, and Cash Flow 500 ETF, which cater to specific investment themes and strategies [1][2] Group 2 - The A500 ETF fund aggregates leading companies across various industries and overweights emerging sectors, helping investors capture core assets in the A-share market [2] - Huaxia Fund aims to promote the concept of ETF investment through its quality products and professional expertise, contributing to the development of a more comprehensive index investment ecosystem [2]

今年以来，ETF市场扩容显著提速，少数核心指数挂钩产品的规模增长尤为突出。 4只千亿增量指数浮现 年内ETF市场延续扩容态势，资金持续流入推动整体规模稳步抬升。数据显示，截至12月12日，今年以来全市场ETF规模增量已超过2万亿元，在权益、债券、商品 及跨境等多个方向均有体现，ETF作为重要资产配置工具的吸引力不断增强。 在整体扩容的背景下，部分指数对应ETF产品的规模增长尤为突出。券商中国记者注意到，今年以来，有4个指数挂钩的ETF产品合计规模增量均超过1000亿元，分 别为中证AAA科技创新公司债指数（AAA科创债指数）、沪深300指数、SGE黄金9999指数以及恒生科技指数。 数据显示，截至12月12日，全市场ETF的年内规模增量已超过2万亿元。在此背景下，科创债、沪深300、黄金及恒生科技等四类指数挂钩ETF，年内规模增量均突 破1000亿元，成为ETF扩容过程中最具代表性的结构性样本。 其中，AAA科创债ETF的规模增长约1992亿元，沪深300ETF的规模增加约1935亿元，黄金ETF的规模增长约1476亿元，恒生科技ETF的规模增量约1138亿元。尽管 相关指数所处市场与风险属性各不相同，但均在 ...

Core Insights - The Vanguard Information Technology ETF (VGT) and the Fidelity MSCI Information Technology ETF (FTEC) provide similar exposure to the U.S. technology sector, but differ in scale and trading flexibility [1][2][9]. Summary by Category Cost and Size - VGT has an expense ratio of 0.09%, while FTEC is slightly lower at 0.08% [3] - As of December 11, 2025, VGT's one-year return is 23.06% compared to FTEC's 23.31% [3] - VGT has a significantly larger AUM of $130 billion compared to FTEC's $16.7 billion [3][9] Performance and Risk - Over five years, the max drawdown for FTEC is -34.95% and for VGT is -35.08% [4] - A $1,000 investment would grow to $2,313 in FTEC and $2,292 in VGT over five years [4] Portfolio Holdings - VGT holds 314 stocks with top positions in Nvidia (18.18%), Apple (14.29%), and Microsoft (12.93%) [5] - FTEC has 289 stocks with Nvidia (16.61%), Apple (15.31%), and Microsoft (12.42%) as its largest holdings [6] Investor Considerations - Both ETFs offer similar dividend yields and have experienced comparable returns and volatility [8] - The primary differentiator is VGT's larger AUM, which may enhance liquidity for trading [10]

东兴证券指出，当下时点，险资的资本市场"稳定器"作用显得尤为重要。本次监管层降低险资部分投资 品种的风险因子，在推动资本市场平稳健康发展的同时，亦有望提升险企资金运用效率和投资收益，进 而提升险企经营业绩。此外，资本市场运行环境的改善亦将直接推动券商业绩释放。从投资标的看，当 前非银行业的马太效应不断增强，行业头部机构更有能力和机会参与政策创新，把握政策红利窗口期， 提升自身经营业绩，故建议持续重点关注行业头部公司的投资价值。此外，在ETF蓬勃发展的大背景 下，出于投资需求的差异化，证券、保险ETF的投资价值也应继续重点关注。 保险证券ETF紧密跟踪中证800证券保险指数，中证800证券保险指数是在中证800指数的基础上，选择 证券保险行业内对应的证券作为指数样本，为投资者提供更多样化的投资标的。 数据显示，截至2025年11月28日，中证800证券保险指数(399966)前十大权重股分别为中国平安 (601318)、东方财富(300059)、中信证券(600030)、国泰海通(601211)、中国太保(601601)、华泰证券 (601688)、中国人寿(601628)、广发证券(000776)、招商证券( ...

据了解，港股通红利ETF（513530）是A股市场首只可通过QDII模式投资中证港股通高股息投资指数的 ETF，长期持有或可有效降低红利税成本，有望提升投资者体验。 根据合同约定，港股通红利ETF（513530）及其联接基金（A类018387/C类018388）在符合基金收益分 配条件时，基金收益每年最多可分配12次，有望通过现金分红为投资者带来较灵活的资金支配权，力争 提高投资者的持有体验。 北京时间2025年12月11日凌晨3点，美联储宣布，将联邦基金利率目标区间下调25个基点到3.50%至 3.75%之间，符合市场普遍预期。这是美联储继9月17日、10月29日降息后年内的第三次降息，幅度均 为25个基点，今年累计降息75个基点，有望改善全球流动性环境。在近期市场震荡加剧的背景下，这一 举措或将促使外资增加对利率较敏感的港股资产配置，同时也有望令盈利确定性较高的港股红利类资 产，作为底仓配置选项的价值或进一步凸显。 伴随近期港股红利类资产的蓄势调整，相关产品港股通红利ETF（513530）吸引资金逆势加仓。资金流 向数据显示，自2025年10月28日以来，港股通红利ETF（513530）已连续31个交易日 ...