Market Performance - Southeast Asia ETFs rose by 1.51%, with Vietnam leading the gains[35] - The Southeast Asia Technology ETF increased by 3.70%, outperforming the general Southeast Asia ETF by 2.20 percentage points[35] Country-Specific Insights - iShares MSCI Indonesia ETF rose by 2.45%, outperforming by 0.94 percentage points, supported by recovering domestic demand and financial reforms[36] - iShares MSCI Singapore ETF increased by 0.72%, underperforming by 0.78 percentage points, with a strong manufacturing rebound providing support[36] - iShares MSCI Thailand ETF gained 3.98%, outperforming by 2.47 percentage points, driven by economic recovery expectations and policy stimulus[36] - iShares MSCI Malaysia ETF rose by 1.33%, underperforming by 0.18 percentage points, supported by a recovery in manufacturing activity[36] - Global X MSCI Vietnam ETF surged by 6.79%, outperforming by 5.28 percentage points, driven by positive growth outlook revisions and strong manufacturing data[36] Risk Factors - Risks include macroeconomic downturns and geopolitical tensions[34]

The nice thing about investing in ETFs, or exchange-traded funds, is that they make the process of building and maintaining a portfolio pretty simple. ...

今年以来，新成立ETF多达347只，创历史之最；总规模从年初的3.73万亿，狂飙至5.76万亿元，屡创历史新高。截至2025年12月7日，全市场共有1373只 ETF。 当重仓买对个股难度越来越大，聪明资金早已悄悄转移阵地。 ETF正以席卷之势改写市场规则！国内ETF总规模已历史性突破5万亿大关！ 司 进化论 国际客C 国内挂钩ETF规模TOP100的宽基类 | | | E 16%ETT | A | | | --- | --- | --- | --- | --- | | 44885 | 名称 | 年初至今涨幅 | 规模 | 最强公司 | | 510300 | 沪深300ETF | 19.44% | 4229.67亿 | 华泰柏瑞基金 | | 510310 | 沪深300ETF易方达 | 19.48% | 2987.18亿 | 易方达基金 | | 510330 | 沪深300ETF华夏 | 19.44% | 2262.81亿 | 花夏童等 | | 159919 | 沪深300ETF | 19.26% | 1969.28亿 | 堂近音尖 | | 510050 | 上证50ETF | 14.86% | 1811.1 ...

Core Viewpoint - Goldman Sachs maintains a "Neutral" rating on Alibaba Health (00241.HK) following the release of its mid-term results for the fiscal year ending September 2026, citing structural benefits from the outflow of original prescription drugs from hospital channels and accelerated online drug penetration [1] Financial Performance - Alibaba Health's revenue forecast for fiscal years 2026 to 2028 has been slightly adjusted to a growth of 2% to 4%, with corresponding adjustments to the adjusted net profit forecast also increased by 2% to 4% [1] - The target price has been raised from HKD 4.7 to HKD 5.2 based on a projected 28 times price-to-earnings ratio for its pharmacy and medical services business in 2027 [1] Market Position - As of December 2, 2025, Alibaba Health's stock closed at HKD 5.45, down 1.09%, with a trading volume of 77.95 million shares and a turnover of HKD 425 million [1] - The market capitalization of Alibaba Health is HKD 89.123 billion, ranking second in the medical services sector [2] Institutional Ratings - Recent ratings from various investment banks include: - Huatai Securities: Buy rating with a target price of HKD 6.08 [1] - Guosen Securities: Outperform rating [1] - CICC: Outperform rating with a target price of HKD 7.10 [1] - CITIC Securities: Awaiting rating with a target price of HKD 9.60 [1] Key Financial Metrics - Return on Equity (ROE): 8.22%, significantly higher than the industry average of 0.02% [2] - Revenue: HKD 28.344 billion, ranking third in the industry [2] - Net Profit Margin: 5.39%, compared to an industry average of -843.36% [2] - Debt Ratio: 24.76%, much lower than the industry average of 74.15% [2]

不过，近日中际旭创遭遇到大股东以及高管的大手笔减持，这一次大量跟踪中证50指数的ETF，会不会 被动高位接盘中际旭创的股东减持？类似的质疑在2021年底宁德时代（300750.SZ）被纳入沪深300指数 成份股时，也一度出现过。 当ETF被动买入遇上中际旭创股东大手笔减持。 11月28日晚间，公开信息显示，刚刚创出历史新高不久的光模块龙头中际旭创（300308.SZ）被纳入了 中证50指数，将于12月12日收盘后生效。 ETF会不会成为"接盘侠"？ 业内人士表示，从基本面来看，光模块的大量扩产，后续产品价格和业绩能否支撑存在疑问，大股东和 高管也会比较清楚公司的基本情况；另一方面，参考过去的一些案例，热点龙头公司被纳入主要指数之 后，一段时间内不见得就可以走的很好，长期则要看基本面能否持续向好，继续推动股价走高。 当ETF资金遭遇样本股股东减持 11月28日，中证指数有限公司在官网公布多个指数样本定期调整方案。中证指数公司表示，将调整沪深 300、中证500、中证1000、中证A50、中证A100、中证A500等指数样本，此次调整为指数样本的定期 调整，将于12月12日收市后正式生效。其中，中证A50指数更换 ...

Group 1 - The VanEck Steel ETF (SLX) has reached a 52-week high, increasing by 57.3% from its 52-week low of $51.69 per share, indicating strong momentum for investors [1] - The underlying NYSE Arca Steel Index tracks the performance of companies in the steel sector, and the fund charges 56 basis points in annual fees [1] - Recent regulatory relief from the Biden-era EPA rule for coke oven facilities, crucial for steel production, is a significant positive factor for the fund [2] Group 2 - Easing risks of regulation-driven shutdowns, alongside ongoing challenges like trade tensions and supply constraints, suggest that increasing exposure to the fund is a favorable option [2] - The SLX is expected to continue its strong performance in the near term, supported by a positive weighted alpha of 24.35, indicating potential for further gains [3]

Core Insights - The trading volume of Brazil's IBOVESPA index ETFs reached 317 million yuan today, an increase of 239 million yuan compared to the previous trading day, representing a growth rate of 310.25% [1] Trading Performance - The E Fund Itaú Brazil IBOVESPA ETF (QDII) (520870) had a trading volume of 193 million yuan today, up by 152 million yuan from the previous day, with a growth rate of 376.51% [1] - The Huaxia Bradesco Brazil IBOVESPA ETF (QDII) (159100) recorded a trading volume of 124 million yuan, an increase of 86.9865 million yuan from the previous day, with a growth rate of 237.13% [1] Market Movement - As of market close, ETFs tracking the Brazil IBOVESPA index averaged an increase of 2.91%, with notable performers including the E Fund Itaú Brazil IBOVESPA ETF (QDII) (520870) rising by 3.17% and the Huaxia Bradesco Brazil IBOVESPA ETF (QDII) (159100) increasing by 2.64% [1]

女育之日的,在互世方对历史,何小汉贝尔松,了得 成对投资者的任何投资建议。投资者不应以该等信 息取代其独立判断或仅依据该等信息做出投资决 策。申万宏源力求本栏目的信息准确可靠,但对这 些信息的准确性或完整性不作保证,亦不对因使用 该等信息而引发或可能引发的损失承担任何责任。 本栏目内容如有变动,恕不另行通知。最终解释权 归申万宏源证券有限公司所有。 编者按：为帮助投资者系统了解 ETF、掌握ETF投资方法，深交所推出"来！聊聊ETF"系 列动画短视频，希望用浅显易懂的语言传递投资知识。今天是第10期，一起看看基金管理人如 何管理ETF产品吧！ ...

Core Viewpoint - The Hong Kong technology sector has experienced a correction after reaching a yearly high in early October, with significant ETF inflows indicating investor confidence in the long-term value of technology companies despite short-term volatility [1][4][5]. Group 1: Market Performance - The Hong Kong technology indices, including the CSI Hong Kong Stock Connect Technology Index and the Hang Seng Technology Index, have seen declines exceeding 7% in the past month [1][4]. - Major technology stocks like Alibaba and SMIC have faced price drops of 6.24% and 15.06% respectively over the same period [4]. - The Hang Seng Technology Index's price-to-earnings ratio (PE-TTM) stands at 22.5 times, which is at the 27th percentile over the past decade, indicating a relatively low valuation [6][9]. Group 2: ETF Inflows - Despite the market correction, technology-focused ETFs in Hong Kong have seen a net inflow of 439 billion yuan in the past month, with 13 Hang Seng Technology ETFs attracting over 240 billion yuan [1][5]. - Specific ETFs such as Huatai-PB Hang Seng Technology ETF and Huaxia Hang Seng Technology Index ETF have recorded net inflows of 57.72 billion yuan and 54.47 billion yuan respectively [5][6]. Group 3: Investor Sentiment and Future Outlook - Investors remain optimistic about the long-term growth potential of leading technology companies like Tencent, Alibaba, and Xiaomi, which are seen as having strong technological foundations and market positions [6][9]. - The market is currently influenced by external factors such as the U.S. Federal Reserve's hawkish stance, which has raised concerns about liquidity and market valuations [4][5]. - Analysts suggest that if short-term pressures on the Hong Kong market are alleviated, there is potential for continued upward momentum driven by institutional investments [8][9]. Group 4: AI Bubble Concerns - Concerns regarding an "AI bubble" have emerged, but some analysts argue that the current fluctuations do not diminish the underlying investment value of AI technologies [5][10]. - The potential of AI technologies is still seen as significant, with leading companies that can integrate AI into diverse business scenarios likely to benefit the most [11].

女育之日的,在互世方对历史,何小汉贝尔松,了得 成对投资者的任何投资建议。投资者不应以该等信 息取代其独立判断或仅依据该等信息做出投资决 策。申万宏源力求本栏目的信息准确可靠,但对这 些信息的准确性或完整性不作保证,亦不对因使用 该等信息而引发或可能引发的损失承担任何责任。 本栏目内容如有变动,恕不另行通知。最终解释权 归申万宏源证券有限公司所有。 编者按：为帮助投资者系统了解 ETF、掌握ETF投资方法，深交所推出"来！聊聊ETF"系 列动画短视频，希望用浅显易懂的语言传递投资知识。今天是第9期，一起看看ETF的交易成 本怎么计算吧！ ...