Market Overview - As of June 27, 2025, A-shares showed mixed performance with the Shanghai Composite Index down by 0.70% at 3424.23 points, while the Shenzhen Component Index rose by 0.34% to 10378.55 points, and the ChiNext Index increased by 0.47% to 2124.34 points [1] - The total trading volume across both markets reached 1.54 trillion yuan, with northbound capital trading balanced for the day [1] Sector Performance - Industrial metals, other electronics, and communication equipment were the top gainers, with increases of 3.49%, 3.10%, and 2.56% respectively [1] - Conversely, rural commercial banks, large state-owned banks, and city commercial banks were the biggest losers, declining by 3.40%, 3.06%, and 2.90% respectively [1] ETF Performance - A total of 571 non-currency ETFs rose, accounting for 49% of the market [1] - The China Securities Communication Equipment Theme Index increased by 2.36%, while the Communication Equipment ETF rose by 2.62% [1] - The China Securities Industrial Nonferrous Metals Theme Index saw a rise of 2.22%, with the Industrial Nonferrous ETF increasing by 2.89% [1] Specific ETF Details - The Asia Pacific Select ETF (159687.SZ) has a latest share size of 325 million, closely tracking the FTSE Asia Pacific Low Carbon Select Index, which emphasizes low carbon companies [4] - The Industrial Nonferrous ETF (560860.SH) has a share size of 455 million and tracks the China Securities Industrial Nonferrous Metals Theme Index, with a current P/E ratio of 14.62, below the historical average [4] - The Nonferrous 50 ETF (159652.SZ) has a share size of 256 million and tracks the China Securities Sub-Industry Nonferrous Metals Theme Index, with a current P/E ratio of 17.83, also below the historical average [5] Declining ETFs - A total of 520 non-currency ETFs declined, representing 45% of the market [5] - The China Securities 800 Bank Index and the China Securities Bank Index were among the largest decliners, down by 2.95% and 2.94% respectively [5] Premium Rates - The S&P 500 Consumer Select Index had a premium rate of 25.79%, while the S&P 500 Index had a premium of 12.87% [8] - The top three ETFs by premium rate included the S&P Consumer ETF (25.79%), S&P 500 ETF (12.87%), and Saudi ETF (4.77%) [9]

Core Viewpoint - The AI Fund Huatai-PineBridge Low Carbon Investment One-Year Holding Mixed A (014522) reported a profit of 822,700 yuan in Q1 2025, with a net value growth rate of 0.64% for the period [2] Fund Performance - As of the end of Q1 2025, the fund's scale was 109 million yuan [13] - The fund's unit net value was 0.672 yuan as of April 24 [2] - The fund achieved a one-year compounded net value growth rate of 3.02%, ranking 116 out of 179 comparable funds [2] - Over the past three months, the fund's compounded net value growth rate was -5.76%, ranking 139 out of 182 [2] - The fund's six-month compounded net value growth rate was -9.48%, ranking 135 out of 182 [2] - The fund's three-year compounded net value growth rate was -29.22%, ranking 85 out of 119 [2] Fund Management Strategy - The fund manager, Zhao Jian, has managed two funds with positive returns over the past year [2] - In Q1, the fund adjusted its allocation by increasing investments in lithium batteries, photovoltaics, and robotics while moderately reducing exposure to the power sector [2] Risk Metrics - The fund's three-year Sharpe ratio was -0.1071, ranking 65 out of 116 comparable funds [7] - The maximum drawdown over the past three years was 50.68%, ranking 76 out of 115 comparable funds [9] - The maximum drawdown in a single quarter occurred in Q3 2022, at 18.38% [9] Portfolio Composition - The average stock position over the past three years was 83.32%, compared to a comparable average of 86.48% [12] - The fund reached its highest stock position of 89.68% at the end of Q1 2025, with a lowest position of 50.82% at the end of H1 2022 [12] - The top ten holdings as of Q1 2025 included companies like CATL, BYD, and LONGi Green Energy [16]