从今年拆分的ETF案例来看，产品布局呈现"宽基与主题并举、境内与跨境兼顾"的特征。除华宝中证 A50ETF、华宝中证A500ETF等宽基产品外，今年以来还包括华富中证人工智能产业ETF、华宝中证军 工ETF、华宝中证电子50ETF等行业主题基金，以及广发恒生科技（QDII-ETF）等跨境产品实施份额拆 分，基本覆盖了当前市场核心热点赛道。 本报记者 彭衍菘 ETF市场的精细化运营再添新例。 10月20日，华宝基金公告旗下华宝中证A50ETF（交易型开放式指数基金）与华宝中证A500ETF的份额 拆分结果，其每1份基金份额被拆为2份。拆分后，两只基金的份额分别增至9.78亿份和12.70亿份，而基 金份额净值则相应分别降至0.6235元和0.5947元。 今年以来已有华宝基金、广发基金、博时基金、华富基金等多家公募机构的ETF完成份额拆分。在ETF 市场规模突破5.63万亿元的背景下，拆分案例的涌现不仅降低了中小投资者参与门槛，更折射出公募基 金行业从规模扩张向精细化运营转型的深刻变革。 晨星（中国）基金研究中心总监孙珩对《证券日报》记者表示，基金拆分通过"一拆二"的方式，在不改 变基金总资产、投资组合及基金净 ...

在公告中，多家基金管理人也提示称，因基金份额拆分导致基金份额净值变化，不会改变基金的风险收 益特征，也不会降低基金投资的风险或提高基金投资的预期收益。 业内人士认为，更多ETF份额拆分案例的出现，标志着ETF市场正从规模增长阶段迈向精细化运营阶 段。陕西巨丰投资资讯有限责任公司高级投资顾问陈宇恒对《证券日报》记者表示，随着市场竞争加剧 和投资者需求多样化，预计将有更多低门槛、高流动性的创新产品涌现，推动市场发展。 10月20日，华宝基金公告旗下华宝中证A50ETF(交易型开放式指数基金)与华宝中证A500ETF的份额拆 分结果，其每1份基金份额被拆为2份。拆分后，两只基金的份额分别增至9.78亿份和12.70亿份，而基金 份额净值则相应分别降至0.6235元和0.5947元。 从今年拆分的ETF案例来看，产品布局呈现"宽基与主题并举、境内与跨境兼顾"的特征。除华宝中证 A50ETF、华宝中证A500ETF等宽基产品外，今年以来还包括华富中证人工智能产业ETF、华宝中证军 工ETF、华宝中证电子50ETF等行业主题基金，以及广发恒生科技(QDII-ETF)等跨境产品实施份额拆 分，基本覆盖了当前市场核心热点赛道 ...

Core Viewpoint - Central Huijin has significantly increased its holdings in ETFs, reflecting a strong commitment to stabilizing the A-share market and signaling long-term confidence in the market's growth potential [1][2][12]. Group 1: Central Huijin's ETF Holdings - As of June 30, Central Huijin and its subsidiaries held a total of 1.28 trillion yuan in stock ETFs, an increase of nearly 23% from the end of last year [1]. - Central Huijin Asset Management increased its holdings in 12 ETFs during the first half of the year, spending over 210 billion yuan [1]. - The total number of stock ETFs held by Central Huijin reached 3.756 billion units, up 21.23% from the previous year [5]. Group 2: Investment Strategy - The "national team" is expected to maintain a dual focus on "blue-chip + growth" stocks, continuing to invest in broad-based ETFs like the CSI 300 while increasing allocations to growth-oriented ETFs such as the Sci-Tech 50 ETF [2][12]. - Central Huijin's investment approach emphasizes broad-based ETFs, indicating a strategic intent to stabilize the market [8]. Group 3: Market Impact and Future Outlook - The actions of Central Huijin are seen as a stabilizing force in the market, particularly during periods of extreme volatility [12]. - Industry insiders suggest that as the market rises, the "national team" may consider reducing or exiting some ETF positions, prompting investors to focus on underappreciated tech growth stocks and domestic demand-related stocks [2][12].

Group 1 - The core index, the CSI Electronic 50 Index, has seen a recent decline of 1.75%, closing at 3884.65 points, with a trading volume of 46.189 billion yuan [1] - Over the past month, the CSI Electronic 50 Index has increased by 11.16%, while it has decreased by 7.54% over the last three months and 3.76% year-to-date [1] - The index comprises the 50 largest listed companies in the electronic and semiconductor sectors, reflecting the overall performance of the electronic sector [1] Group 2 - The top ten weighted stocks in the CSI Electronic 50 Index include: SMIC (6.48%), Luxshare Precision (6.17%), Cambricon (5.55%), BOE Technology Group (5.42%), Northern Huachuang (5.34%), Haiguang Information (5.08%), Will Semiconductor (4.23%), Hikvision (4.02%), Zhongke Shuguang (3.58%), and Lattice Semiconductor (3.33%) [1] - The market capitalization distribution of the CSI Electronic 50 Index shows that the Shanghai Stock Exchange accounts for 53.35%, while the Shenzhen Stock Exchange accounts for 46.65% [1] Group 3 - The CSI Electronic 50 Index is composed entirely of companies in the information technology sector, with a 100% allocation [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Public funds tracking the CSI Electronic 50 include: Hua Bao Electronic ETF Link A, Hua Bao Electronic ETF Link C, Hua An CSI Electronic 50 Link A, Hua An CSI Electronic 50 Link C, Hua Bao CSI Electronic 50 ETF, and Hua An CSI Electronic 50 ETF [2]