Group 1 - The A-share market continues to experience low trading volume with the Shanghai Composite Index closing up by 0.05% and the A500 Index ETF (159351) remaining flat, indicating a cautious market sentiment as it enters the earnings reporting period [1] - The A500 Index ETF (159351) recorded a trading volume of 3.031 billion yuan, ranking third among similar products in the market, with a turnover rate of 18.59%, highlighting its strong liquidity and investor demand [1] - Institutional investors believe that earnings certainty will be the main driver for excess returns in April, with a shift in focus towards fundamental performance as the expected growth rate of net profit for the CSI A500 Index in 2025 is projected at 12.8%, surpassing that of the CSI 300 Index (9.64%) and the Shanghai Composite Index (9.93%) [1] Group 2 - The A500 Index ETF (159351) tracks the CSI A500 Index, which consists of 500 stocks with large market capitalization and good liquidity, providing a balanced industry distribution and serving as a tool for investors to access representative A-share companies [2] - Investors can also access the A500 Index through the A500 Index ETF linked funds (Class A 022453; Class C 022454) to capitalize on the upward potential of core A-share assets [2]