Group 1 - The core viewpoint of the article highlights the strong performance of the Asia-Pacific stock market, with major indices in Japan and South Korea reaching record highs, driven by improved global liquidity expectations and favorable regional economic growth prospects [1] - The Asia-Pacific stock market's strength reflects a re-evaluation of the value of the region's innovations and upgrades in frontier industries such as artificial intelligence, high-end manufacturing, and biotechnology [1] - Citigroup notes that global long-term investors are continuously increasing their holdings in Asian technology stocks due to their significant role in the semiconductor supply chain and potential for profit growth [1] Group 2 - The Southern Fund's Asia-Pacific Select ETF (159687) is the only ETF tracking the Asia-Pacific Select Index, covering 11 countries and regions in the Asia-Pacific [1] - This ETF includes high-quality dividend assets from the Asia-Pacific region, such as Toyota, Tencent, Alibaba, and Mitsubishi Group, as well as leading semiconductor companies like TSMC, Samsung, Tokyo Electron, and MediaTek [1]

Core Insights - The recent policies and initiatives, including the establishment of a fast-track approval channel for ETFs and the promotion of index investment, have significantly boosted the development of index funds, particularly ETFs, in China [1][3]. Group 1: ETF Growth and Market Impact - As of December 17, 2025, the number of ETF shares increased by 670 billion to 3.33 trillion, representing a growth rate of 25.43%, while the total scale rose by 2.06 trillion to 5.79 trillion, marking a 55.12% increase [1]. - A total of 328 new ETFs were issued, bringing the total number to 1,380 [1]. Group 2: Company Initiatives and Product Offerings - Fund companies, including Southern Fund, are actively participating in the index investment trend, providing low-cost and transparent passive investment options to investors [2]. - Southern Fund has developed a comprehensive product matrix that aligns with national strategies, covering various sectors and themes, including broad-based, industry-specific, and cross-border products [4][5]. Group 3: Technological Integration and Team Expertise - Southern Fund's index team emphasizes tracking accuracy as a core competitive advantage, achieving industry-leading tracking precision for stock ETFs over the past decade [8]. - The team consists of 33 members with diverse academic backgrounds, including 3 PhDs and 29 master's degree holders, enhancing their capability in product development and quantitative research [9]. Group 4: Future Directions and Commitment - Southern Fund aims to continue focusing on customer needs and professional capabilities to contribute to the high-quality development of the capital market [11].

Group 1 - The core viewpoint of the article highlights the significant performance of the Asia-Pacific Selected ETF (159687), which has risen by 2.78% today and accumulated a 32% increase year-to-date [1][2]. Group 2 - TSMC has initiated a price increase for advanced processes, with a rise of approximately 3% to 10%, marking the first long-term price hike since the AI era, which is expected to trigger a new wave of chip price increases [2]. - Morgan Stanley reported that U.S. corporate quarterly capital expenditures exceeded expectations, indicating potential for further upward movement [2]. - Trendforce forecasts that capital expenditures for the top eight global CSP cloud service providers will grow by 24% year-on-year to reach $520 billion by 2026, driving demand for computing chips [2]. Group 3 - The Asia-Pacific Selected ETF (159687) is the only ETF in the domestic market tracking the FTSE Asia Pacific Low Carbon Select Index, utilizing a "mutual hanging model" to invest in the Singapore Exchange's target ETFs, covering 11 Asia-Pacific economies including Japan, China, and South Korea, effectively diversifying single market risks [2]. - The ETF's constituent stocks are driven by "high-quality dividend assets" and "semiconductor leaders," with TSMC being the top-weighted stock, alongside other industry leaders like Samsung Electronics, Tokyo Electron, SK Hynix, and MediaTek, forming a comprehensive industry chain [2]. - The Asia-Pacific Selected ETF (159687) has achieved positive returns for three consecutive years from 2023 to 2025, allowing T+0 trading on the market, with available options for connecting funds: Connect A (021189) and Connect C (021190) [2].

Group 1 - The Asia-Pacific Selected ETF (159687) rose over 4% in the afternoon, closing up 3.37% at 1.597 yuan, with a trading volume of 176 million yuan [1] - The Nikkei 225 index reached a historic high, surpassing 49,000 points, closing up 3.37%, driven by electronic and banking stocks [1] - UBS Global Wealth Management upgraded its rating on global equities to "attractive," citing expected AI spending to boost productivity and a favorable policy environment [1] Group 2 - UBS identified technology as its "global preferred sector" and upgraded the rating of Chinese tech stocks to the most attractive, expressing increasing confidence in their ability to monetize artificial intelligence [1] - UBS forecasts that earnings per share for Chinese tech stocks will grow nearly 40% by 2026 [1] - The Asia-Pacific Selected ETF is the only ETF tracking the Asia-Pacific Selected Index, covering 11 countries and regions, and includes high-quality dividend assets such as Toyota, Tencent, Alibaba, and leading semiconductor companies [1]

Core Viewpoint - The Asia-Pacific Select ETF (159687) has shown strong performance after the long holiday, with a current increase of 2.6% to 1.576 yuan and a trading volume of 30.45 million yuan, reflecting positive sentiment in the market [1] Group 1: Market Performance - The Asia-Pacific Select ETF (159687) rose nearly 3% during intraday trading after the long holiday, indicating robust market activity [1] - The ETF's current price is 1.576 yuan, with a trading volume of 30.45 million yuan [1] Group 2: Market Sentiment - During the holiday, overseas market news was generally positive, with major global risk assets, including US stocks, Japanese stocks, and gold, reaching historical highs [1] - Huaxi Securities believes that the Chinese technology industry is at a critical breakthrough point, suggesting a potential for further upward movement in various sectors [1] Group 3: ETF Composition - The Asia-Pacific Select ETF is the only ETF tracking the Asia-Pacific Select Index, covering 11 countries and regions in the Asia-Pacific [1] - The ETF includes high-quality dividend assets from the Asia-Pacific region, such as Toyota, Tencent, Alibaba, and Mitsubishi Group, as well as leading semiconductor companies like TSMC, Samsung, Tokyo Electron, and MediaTek [1] Group 4: Strategic Partnerships - NVIDIA announced a partnership with Japanese telecommunications and computer manufacturer Fujitsu to jointly build a full-stack AI infrastructure, which may enhance the technological landscape in the region [1]

Core Insights - The article highlights the increasing focus of global investors on the Asia-Pacific market, driven by its robust economic growth and diversification opportunities [2][4][16] - The Asia-Pacific Select ETF (159687) has shown significant performance, achieving positive returns for three consecutive years, reflecting the underlying strength of the region's semiconductor and technology sectors [11][13] Group 1: Investment Strategies - Legendary investors like Warren Buffett and institutions such as BlackRock and Goldman Sachs are shifting their attention towards the Asia-Pacific market, indicating a broader trend among large investment firms [4][16] - Buffett's investment in Japan's five major trading companies, totaling $6.25 billion, has yielded impressive returns, with stock price increases ranging from 283% to 656% over five years [4][10] Group 2: Asia-Pacific Market Dynamics - The Asia-Pacific region is projected to be the main engine of global economic growth over the next five years, according to IMF forecasts [2] - The region accounts for 57.6% of global semiconductor revenue, positioning it as a critical hub for the semiconductor industry [8][9] Group 3: ETF Performance and Structure - The Asia-Pacific Select ETF (159687) has outperformed similar indices, with a cumulative increase of 44.82% year-to-date in 2023 [13] - The ETF's index includes a balanced sector allocation, with significant weights in financials (26.38%) and technology (26.35%), providing stability and growth potential [5][10] Group 4: Semiconductor Sector Growth - The demand for semiconductors, particularly driven by AI applications, has surged, with TSMC reporting a 60.7% year-on-year increase in net profit, reaching NT$398.3 billion ($13.53 billion) [10] - The Asia-Pacific Select ETF captures this trend by including leading semiconductor companies, with TSMC being the largest component at 7.82% [10][12]

Group 1 - The Nikkei 225 index rose by 2% on July 24, continuing its upward trend after a 3.51% increase the previous day, reaching a one-year high [1] - Japan and the United States reached an agreement to reduce tariffs on Japanese auto exports to the U.S. from 25% to 15%, with Japan committing to invest $550 billion in energy and semiconductor cooperation, leading to a surge in Japanese automotive stocks [1] - Citic Securities noted that the lack of long-term strength in the U.S. dollar is increasing preference for non-U.S. assets, with Asian equity assets being steadily revalued, and emerging markets like Hong Kong performing well [1] Group 2 - UBS remains optimistic about the Chinese technology sector, highlighting opportunities for excess returns in the second half of the year, driven by the increasing adoption of AI, supportive policies, and rising corporate financing needs [1] - The valuation of the Chinese technology sector is still reasonable, with strong profit growth expectations and additional upside potential from currency appreciation, supported by accelerating AI adoption and improving fundamentals [1] - The Asia-Pacific Selected ETF has capitalized on the structural opportunities in global fund allocation towards the Asia-Pacific region, rising by 1.18% and accumulating a 3.93% increase over two days [2]

Market Overview - A-shares showed mixed performance with the Shanghai Composite Index down by 0.70%, while the Shenzhen Component Index and the ChiNext Index rose by 0.34% and 0.47% respectively, with total trading volume reaching 15,411 billion [1] ETF Performance - The leading ETFs included the Asia-Pacific Select ETF (159687), Industrial Metals ETF (560860), and various communication-related ETFs, reflecting a strong interest in these sectors [2] - The Hong Kong Securities ETF (513090) topped the trading volume with 20.656 billion, followed by the Silver Hua ETF (511880) and the Shanghai Stock Company Bond ETF (511070), both exceeding 10 billion [4] Sector Analysis - The metals sector is experiencing a slight tightening in supply and demand, with domestic inventories decreasing slightly and LME metal inventories remaining low, suggesting a potential for price increases in the short term [2] - The banking sector is seeing increased institutional investment, with a notable rise in passive fund allocations and a stable increase in active fund holdings, indicating a positive outlook for bank stocks [3] Upcoming ETF Products - Two new ETFs will begin fundraising next week, including the Jiashi Securities ETF (562870) and the Huaxia Sci-Tech Value ETF (589550), while the Bosera Large Cap Growth ETF (159203) and the Fuguo Hang Seng Index ETF (159365) will be listed [6]