Core Insights - The A-share market has seen a surge in technology-themed investments over the past year, with sectors like semiconductors, AI models, humanoid robots, biotechnology, and low-orbit satellites emerging as key investment themes. The "14th Five-Year Plan" is expected to guide the long-term value of technology growth assets in the A-share market [1][2] Group 1: Investment Opportunities - The "Xingye CSI Technology Advantage Growth 50 Strategy ETF" has been created to address the challenges investors face in defining "technology growth" styles and to provide a balanced growth asset allocation tool [1][2] - The ETF tracks the CSI Technology Advantage Growth 50 Strategy Index, which selects and weights securities from various technology sectors based on factors like growth, innovation, value, low volatility, and quality [1][2] Group 2: Index Characteristics - The index innovatively combines "technology sector screening" with a "multi-factor Smartβ strategy," aiming to resolve the apparent contradiction between focusing on technology sectors and diversifying thematic risks [2] - The top five stocks in the index account for 17.63% of the total weight, while the top ten stocks account for 30.93%, indicating a moderate concentration of weight among leading companies in various technology sub-sectors [2] Group 3: Performance Metrics - Historical performance data shows that the index has an annualized return of 11.96% from 2021 to 2025, with a Sharpe ratio of 0.44, ranking it among the top in terms of long-term growth potential [2] - In years of strong technology market performance, such as 2020 and 2025, the index achieved returns of 49.65% and 49.53%, respectively, highlighting its resilience and growth potential [2][3] Group 4: Management Insights - The fund manager, Xu Chengcheng, anticipates that 2026 may be a significant year for growth styles, with the market expected to focus more on valuation and fundamental alignment while continuing to embrace technology themes [3] - The index's innovative integration of multi-factor strategies and a focus on technology sectors allows for a more balanced industry weight and enhanced growth characteristics, accurately reflecting the overall profile of China's technology-advantaged enterprises [3]