Market Overview - The A-share market shows signs of recovery, with the Shanghai Composite Index rising by 1.92%, the Shenzhen Component Index by 2.29%, and the ChiNext Index by 3.27% as of May 9 [2] Fund Performance - Certain industry sector indices remain in a correction phase, with the top ten passive index funds by weekly decline primarily consisting of Hong Kong Stock Connect innovative drug and Sci-Tech Innovation Board chip index funds [2][3] - The top fund with the largest weekly decline is the Fortune Hang Seng Hong Kong Stock Connect Healthcare ETF, which fell by 2.67% [3] Specific Fund Insights - The Fortune Hang Seng Hong Kong Stock Connect Healthcare ETF reported a first-quarter net asset value growth rate of 25.03% for Class A and 24.97% for Class C, significantly underperforming the benchmark return of 29.46% [4] - For the second quarter, the fund will focus on the commercialization progress of innovative drug companies and the impact of policy details on valuations, particularly in cutting-edge areas such as AI drug development platforms and cell therapy [4]