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含“科”量空前提升,如何捕获科技股行情?
Hu Xiu· 2025-09-25 09:09
题图|AI生成 2023年7月,农冰立开始管理他在景顺长城的第一个产品景顺长城品质长青混合A,对成长股有敏锐嗅觉和广阔视野的他, 在2023年四季度开始重仓了受益AI产业爆发的PCB、光模块龙头,在科技成长行情中一路走高。Wind数据显示,截至2025 年9月19日,该基金近一年收益141.88%(同期业绩基准37.43%)。 这是今年科技成长风格表现优异的缩影。 今年以来A股表现可谓惊艳,其中科技成长板块是上涨的主力。包括人形机器人、创新药、AI算力、新能源电池、军工等 板块轮番表现,市场充满了赚钱效应。甚至可以说,今年的市场本质上是科技成长行情推动的。主动权益基金也迎来了明 显的业绩改善,中证主动偏股型基金指数年内收益已经达到31.47%。(数据来源:Wind,截至9月19日,下同) 证监会主席吴清最近也表示,资本市场服务科技创新跑出"加速度",含"科"量上升,目前A股科技板块市值占比超过1/4, 已明显高于银行、房地产行业市值合计占比。市值前50名公司中科技企业从"十三五"末的18家提升至当前的24家。 展望接下来的行情,投资者最关心的是,这轮科技股行情能否持续,以及如何更好地把握这轮投资机会?选择通过 ...
机器人指数ETF(560770)逆市翻红,当前科技行情进展到哪里了?
Core Viewpoint - The A-share market experienced a pullback with all three major indices declining, while the robotics sector showed resilience with significant gains in related stocks and ETFs [1][2]. Market Performance - As of September 2, the A-share market saw a rapid increase in trading volume, surpassing 2 trillion yuan, marking the 15th consecutive trading day above this threshold [1]. - The TMT (Technology, Media, and Telecommunications) sector accounted for approximately 40% of total trading volume, indicating strong market interest [1]. Robotics Industry Insights - The robotics industry is accelerating due to continuous technological advancements and the realization of industrial orders, with significant orders such as a 124 million yuan contract from China Mobile marking a shift towards large-scale production [3][6]. - The integration of AI language models and multi-modal sensor technology is enhancing the capabilities of humanoid robots, improving their understanding and perception [3]. Investment Opportunities - The robotics sector is highlighted as a potential area for investment, particularly in sub-sectors like semiconductors and battery technology, which have shown resilience and potential for future growth [6]. - The Robot Index ETF (560770) tracks the robotics industry and includes major companies such as Huichuan Technology and iFlytek, indicating a diversified exposure to the sector [6][7]. Future Projections - According to forecasts, the number of humanoid robots in use in China could exceed 100 million by 2045, with a market size reaching approximately 10 trillion yuan, covering various applications from industrial manufacturing to healthcare [7]. Fund Management Perspective - The fund manager of the Robot Index ETF believes that the robotics industry is in a rapid development phase, with increasing capital allocation, suggesting a positive outlook for future investments [8].
超30亿,跑了!
Zhong Guo Ji Jin Bao· 2025-08-13 05:58
Group 1 - The stock ETF market experienced a net outflow of over 3 billion yuan yesterday, despite the A-share market showing strength and the Shanghai Composite Index reaching a new high for the year [1][3] - The ChiNext 50 Index saw significant net outflows, with 3.68 billion yuan leaving the fund, indicating a trend of "selling into strength" among investors [6] - In contrast, the Hang Seng Technology Index and the Hong Kong Stock Connect Internet Index attracted substantial inflows, with related ETFs seeing notable net inflows [1][3] Group 2 - The total scale of all stock ETFs in the market reached 3.85 trillion yuan, with a decrease of 39.5 million units in total shares yesterday [3] - The Hong Kong market ETFs saw a net inflow of nearly 5 billion yuan, with the Hang Seng Technology Index leading the inflows at 1.16 billion yuan [2][3] - Major fund companies like E Fund and Huaxia Fund reported significant net inflows in their ETFs, particularly in sectors like technology and military [4] Group 3 - Broad-based ETFs experienced the largest net outflows, totaling 5.3 billion yuan, while the overall market saw an increase in broad-based ETF scale by 9.77 billion yuan [5][6] - Despite some sectors experiencing outflows, institutions remain optimistic about the A-share market's future performance, citing factors like liquidity and upcoming positive catalysts [7]
广发高端制造A三年跌53%垫底,管理费累计4.56亿,刘格菘或面临浮动费改大考
Xin Lang Ji Jin· 2025-05-07 08:37
Core Viewpoint - The China Securities Regulatory Commission (CSRC) aims to address the issue of high management fees in public funds despite poor performance through a floating management fee mechanism, highlighting the industry's long-standing problem of "guaranteed returns" regardless of fund performance [1]. Group 1: Fund Performance and Management Fees - The report indicates that the fund "Guangfa High-end Manufacturing A" has the worst three-year return at -53.01%, while it collected management fees totaling 456 million yuan over the same period [3]. - "China Europe Medical Health A," with a scale of 31.179 billion yuan, experienced a 32.55% decline in three-year performance but still charged 2.2 billion yuan in management fees [3]. - The trend shows that larger funds tend to incur greater losses while charging higher fees, raising concerns about the reasonableness of fees relative to fund managers' performance [3][4]. Group 2: Fund Manager Performance - Fund manager Liu Gesong's funds have underperformed, with a three-year return of -27% and a two-year return of -17%, significantly lagging behind the CSI 300 index [4]. - The total assets under Liu's management decreased by 5.7% to 32.171 billion yuan as of the end of the first quarter of 2024 [4]. - The floating management fee reform may lead to a significant reduction in management fee income for fund managers like Liu, as poor performance could result in a "double whammy" effect [4]. Group 3: Industry Outlook - The CSRC's reform is expected to shift the focus of fund companies from merely pursuing scale to emphasizing investment returns, marking a significant change in the industry [11]. - The industry may witness a trend where stronger firms thrive while smaller institutions face accelerated elimination, making investment research capabilities and risk control systems increasingly critical [11]. - In the long run, more competitive products are likely to attract additional capital and new investors, benefiting investors and promoting sustainable industry development [11].