Core Viewpoint - The Federal Reserve's recent interest rate cut signals a shift in global macroeconomic conditions, prompting capital to flow towards emerging markets, particularly benefiting ETFs focused on the Asia-Pacific region [3][6][26]. Group 1: Federal Reserve Actions - The Federal Reserve lowered the federal funds rate target range by 25 basis points to 4.00%-4.25%, marking its first rate cut of 2025 and the first since December 2024 [6][8]. - Market expectations indicate a 75% probability of three additional rate cuts by the end of the year, totaling a 75 basis point reduction [4][6]. - The decision reflects a response to weak employment data, with only 22,000 jobs added in August, significantly below expectations [9]. Group 2: Impact on Emerging Markets - The Fed's rate cut is expected to catalyze a reallocation of global capital, with a historical trend showing that rate cuts typically weaken the relative returns of dollar assets, driving investments towards emerging markets [9]. - The Southeast Asia Technology ETF has seen significant performance, with a 5% increase in September and a 24.2% rise over the past three months, benefiting directly from the Fed's rate cut expectations [11][15]. Group 3: Southeast Asia Technology ETF - The ETF's top holdings include major Southeast Asian internet companies like SEA, Grab, and Goto, which are positioned similarly to Chinese tech giants [13][15]. - The ETF's performance is supported by favorable local policies, such as Indonesia's nearly $1 billion economic stimulus plan and Thailand's interest rate cut to a three-year low of 1.50% [15]. Group 4: Asia-Pacific Select ETF - The Asia-Pacific Select ETF focuses on companies with strong ESG ratings and aims to capture opportunities in technology and cyclical recovery, achieving a 22.9% return over the past year [17][18]. - The ETF's top holdings include major firms like TSMC, Tencent, and Toyota, which provide stable cash flows and strong profitability [19]. Group 5: Market Outlook - The Fed's rate cut marks the beginning of a new phase in the global macro environment, with emerging market ETFs offering significant investment opportunities [26]. - Investors are encouraged to leverage the macroeconomic trend of rate cuts to identify growth opportunities across the Asia-Pacific region, effectively diversifying risks associated with single markets [26].

Group 1 - The ETF market showed mixed performance on the 24th, with the Sci-Tech Semiconductor Equipment ETF (588710) leading gains at 11.94% [2] - Other notable gainers included the Sci-Tech Semiconductor ETF Penghua (589020) at 11.70% and the Sci-Tech Semiconductor ETF (588170) at 10.81% [2] - The biggest decliner was the CSI 500 Value ETF (562330), which fell by 2.43%, followed by the Southeast Asia Technology ETF (513730) down 2.03% and the US 50 ETF (513850) down 1.31% [2] Group 2 - The total trading volume for ETFs reached 275.185 billion yuan, with stock ETFs accounting for 87.278 billion yuan, bond ETFs for 108.733 billion yuan, money market ETFs for 16.470 billion yuan, commodity ETFs for 3.564 billion yuan, and QDII ETFs for 41.899 billion yuan [2] - The highest trading volumes among non-money market ETFs were recorded for the China-Korea Chip ETF (513310) at 5.052 billion yuan, the Huaxia Shanghai Sci-Tech Innovation Board 50 ETF (588000) at 4.878 billion yuan, and the E Fund CSI Hong Kong Securities Investment Theme ETF (513090) at 4.783 billion yuan [2]

Market Overview - The Hong Kong stock market opened higher on August 13, with the Hang Seng Index at 25,236 points, up 1.07% [1] - The Hang Seng Tech Index reached 5,508 points, increasing by 1.27% [1] Capital Flow - As of August 12, the cumulative net inflow of southbound funds this year exceeded 910 billion HKD, marking a historical high for annual net inflow, surpassing the total net inflow of 807.87 billion HKD for the entire year of 2024 [3] Company Performance - Tencent Music saw a significant increase of over 15% in its stock price after announcing its Q2 earnings, which reported total revenue of 8.44 billion CNY, a year-on-year growth of 17.9% [3] - The net profit attributable to equity holders was 2.41 billion CNY, up 43.2% year-on-year, while the non-IFRS net profit attributable to equity holders was 2.57 billion CNY, reflecting a 37.4% increase [3] - The overall net profit increased by 33.0% to 2.64 billion CNY [3] Sector Performance - Technology stocks generally performed well, with Alibaba and JD.com both rising over 2%, and Bilibili increasing nearly 2% [3] - The innovative drug sector showed signs of recovery, with Lijun Pharmaceutical rising over 2% [3] - Cryptocurrency-related stocks opened high, with Huajian Medical increasing by 8% [3] - Domestic brokerage stocks experienced a broad increase, with CICC rising over 1% [3] ETF Performance - Cross-border ETFs such as the Hong Kong Internet ETF, Southeast Asia Technology ETF, and China Concept Internet ETF all rose over 2% [4] - Other ETFs, including the NASDAQ Technology ETF, Hong Kong Technology ETF, and Hong Kong Medical ETF, increased by more than 1.5% [4]

Market Performance - Southeast Asia ETF rose by 1.69%, driven by expectations of monetary easing, supporting continued market recovery[5] - The Southeast Asia ETF outperformed Latin America, India, and the UK, lagging only behind China[34] - The Southeast Asia Technology ETF gained 4.32%, outperforming the broader Southeast Asia ETF by 2.62 percentage points[34] Country-Specific Performance - iShares MSCI Indonesia ETF rose by 1.66%, underperforming by 0.03 percentage points, supported by a U.S.-Indonesia trade agreement and interest rate cuts[38] - iShares MSCI Singapore ETF increased by 4.91%, outperforming by 3.21 percentage points, indicating a stable upward trend[38] - iShares MSCI Thailand ETF surged by 6.21%, outperforming by 4.51 percentage points, as tariff risks were largely priced in[38] - iShares MSCI Malaysia ETF fell by 1.97%, underperforming by 3.66 percentage points, despite a central bank interest rate cut[38] - Global X MSCI Vietnam ETF jumped by 11.79%, outperforming by 10.10 percentage points, buoyed by a trade agreement and strong economic resilience[38] Trading Volume and Liquidity - Global X FTSE Southeast Asia ETF had a trading volume of 118,000 shares, a decrease of 2.7%[13] - iShares MSCI Indonesia ETF trading volume increased by 39.7% to 6.982 million shares[14] - iShares MSCI Singapore ETF trading volume decreased by 25.4% to 448,600 shares[14] - Global X MSCI Vietnam ETF trading volume surged by 100.5% to 291,000 shares[14] Economic Indicators - Vietnam's GDP grew by 7.96% year-on-year in Q2 2025, with a forecast of 8% growth for the full year[25] - The Thai SET index rose by 7.74%, reflecting positive market sentiment amid ongoing trade negotiations[19] - Malaysia's central bank cut interest rates by 25 basis points to 2.75%, the first cut in five years, but market reaction was muted[21]

Group 1 - A total of 246 ETF funds experienced net inflows from financing, while 31 funds saw net outflows from securities lending [1] - The top five ETFs with significant net inflows include: - Sci-Tech 50 ETF (588000.SH) with a net inflow of 162.94 million CNY - Hong Kong Automotive ETF (520600.SH) with 111.76 million CNY - Nasdaq Technology ETF (159509.SZ) with 89.11 million CNY - Hong Kong Securities ETF (513090.SH) with 73.13 million CNY - Hong Kong Innovative Drug ETF (159570.SZ) with 66.02 million CNY [3] - The ETFs with net outflows exceeding 5 million CNY include: - CSI 1000 ETF (159845.SZ) with a net outflow of 6.81 million CNY - Securities ETF (512880.SH) with 5.63 million CNY - Shanghai 50 ETF (510050.SH) with 5.06 million CNY [5] Group 2 - Over the recent period, 99 ETFs have consistently received net inflows from leveraged financing, with the top performers being: - Securities Insurance ETF with a net inflow of 33.59 million CNY over 7 days - Bank ETF with 387 million CNY - Broker ETF with 78.14 million CNY [6] - In the last 5 days, the ETFs with net inflows exceeding 5 million CNY include: - Bank ETF with 373 million CNY - Nasdaq Technology ETF with 360.21 million CNY - Military Industry Leader ETF with 178.24 million CNY - Hong Kong Automotive ETF with 109.87 million CNY [8] Group 3 - The ETFs with net outflows from leveraged securities lending over the recent period include: - CSI 500 ETF with a net outflow of 222 million CNY - Convertible Bond ETF with 21.68 million CNY - CSI 300 ETF with 3.31 million CNY [6] - In the last 5 days, the ETFs with net outflows exceeding 5 million CNY include: - CSI 500 ETF with 201 million CNY - CSI 1000 ETF with 134 million CNY - Convertible Bond ETF with 21.68 million CNY [10]

Core Viewpoint - The ETF market showed mixed performance, with financial technology ETFs leading gains while consumer and sector-specific ETFs experienced declines [1] Group 1: ETF Performance - Financial technology ETF Huaxia (516100) led the gains with an increase of 4.64% [1] - Financial technology ETF (159851) rose by 4.49% [1] - Financial technology ETF (516860) increased by 4.20% [1] - S&P Consumer ETF (159529) was the biggest loser, declining by 1.44% [1] - Southeast Asia Technology ETF (513730) fell by 1.38% [1] - Alcohol ETF (512690) decreased by 1.25% [1] Group 2: Investment Strategy - The strategy suggested is to buy index ETFs to capitalize on market rebounds [1]

Group 1 - The semiconductor equipment ETF (159327) led the gains with an increase of 2.87% [1] - The E Fund semiconductor equipment ETF (159558) rose by 2.65% [1] - The chip equipment ETF (560780) saw an increase of 2.54% [1] Group 2 - The Southeast Asia technology ETF (513730) was the biggest loser, declining by 1.56% [1] - The consumption 30 ETF (510630) fell by 1.3% [1] - The communication ETF (515880) decreased by 1.27% [1]

Core Viewpoint - The article highlights the upcoming "Gelonghui Mid-term Strategy Summit 2025" taking place in Shenzhen on July 4-5, featuring various events aimed at providing insights into investment strategies and market trends for the second half of 2025 [1][2]. Group 1: Event Overview - The summit will include the 2025 Gelonghui Mid-term Strategy Conference, Global Institutional Investor Forum, and the release of the "Gelonghui Golden Award" ESG Excellence List, along with roadshows from numerous listed companies [2]. - The Global Institutional Investor Forum will invite top-performing secondary market investors to share their unique investment strategies and perspectives on investment directions for the latter half of 2025 [2]. Group 2: Featured Speaker - Li Mu Yang, a fund manager from Huatai-PB Fund, will be a key speaker at the forum, expected to provide valuable insights into investment strategies amidst the changing landscape of 2025 [2]. - Li Mu Yang has a strong background, including a master's degree from Columbia University and experience managing various ETFs, such as the Huatai-PB Photovoltaic ETF and the China-Korea Semiconductor ETF [2]. Group 3: Participation Details - The Global Institutional Investor Forum on July 5 is a paid event, with early bird pricing set at 688 yuan per person for front-row seats and 388 yuan for general seats, limited to 200 participants [2][3].

Core Viewpoint - The ETF market is experiencing mixed performance, with new economy ETFs leading gains while financial technology ETFs are facing declines [1] Group 1: ETF Performance - New Economy ETF (159822) leads with a gain of 6.79% [1] - Southeast Asia Technology ETF (513730) increases by 1.29% [1] - Innovative Drug Hong Kong-Shanghai ETF (517110) rises by 0.70% [1] - Financial Technology ETF (159851) declines by 3.14% [1] - Cloud Computing ETF (516510) falls by 3.09% [1] - Financial Technology ETF Huaxia (516100) also decreases by 3.09% [1] Group 2: Market Sentiment - The market is undergoing adjustments, suggesting a potential opportunity for bottom-fishing in broad-based indices [1]

Market Performance - A-shares experienced a collective rebound with the Shanghai Composite Index rising by 1.16%, the Shenzhen Component Index increasing by 2.25%, and the ChiNext Index up by 2.27% on April 10, 2025 [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.61 trillion yuan, a decrease of 901 billion yuan compared to the previous day [1] ETF Performance - Several US stock ETFs saw significant gains, with the S&P Oil & Gas ETF rising by 10.06%, the Nasdaq Index ETF increasing by 10.04%, and the Nasdaq 100 ETF up by 10.03% [1] - The US stock market indices experienced substantial increases, with the Dow Jones Industrial Average up by 2,962.86 points (7.87%), the S&P 500 up by 474.13 points (9.52%), and the Nasdaq Composite up by 1,857.06 points (12.16%) [2] ETF Trading Volume - The top ETFs by trading volume included the Yinhua Daily ETF with 14.6 billion yuan, the Hang Seng Technology ETF with 13.93 billion yuan, and the Hang Seng Technology Index ETF with 13.70 billion yuan [5] - The top ETFs by turnover rate were led by the Benchmark Treasury ETF at 314.35%, followed by the New Economy ETF at 216.55% and the S&P Consumer ETF at 205.95% [6] New ETF Launch - The Dachen Shenzhen 100 ETF (code: 159216) is set to launch on April 11, 2025, closely tracking the Shenzhen 100 Index, which reflects the performance of core quality listed companies in the Shenzhen market [7] - The Shenzhen 100 Index is characterized by a significant weight in large-cap stocks, with 44.61% of its components having a market capitalization exceeding 200 billion yuan [7] Sector Focus - The Shenzhen 100 Index components are concentrated in TMT (Technology, Media, and Telecommunications), high-end manufacturing, and consumer sectors, indicating long-term growth potential aligned with China's economic transformation and high-quality development [8]