Group 1 - The announcement details the addition of China Galaxy Securities as a broker for the subscription and redemption of the FuGuo Hang Seng Index ETF, allowing investors to open accounts and conduct transactions through this broker [1] - Investors can inquire about the fund through the customer service numbers provided for both China Galaxy Securities and FuGuo Fund Management [1] - The announcement specifies that the fund's subscription and redemption services will be available during normal trading hours on the specified stock exchanges, with potential adjustments based on regulatory requirements or unforeseen circumstances [2][3] Group 2 - The minimum subscription amount for the fund is set at RMB 1, while direct sales channels have a higher minimum for initial subscriptions [4] - The fund has different subscription fee rates for A and C class shares, with A class shares incurring a fee and C class shares being fee-free [5][6] - The fund allows for multiple subscriptions but limits any single investor's holdings to a maximum of 50% of the total fund shares [4] Group 3 - Redemption requests must be for at least 0.01 shares, and if the remaining balance is below this threshold, a full redemption is required [8] - Redemption fees for A and C class shares decrease based on the holding period, with specific percentages allocated to the fund's assets depending on the duration of the holding [9] - The fund's conversion services will be available starting July 9, 2025, with specific rules regarding fees and minimum share requirements for conversions [10][12] Group 4 - The fund's sales channels include both direct sales and various brokerage firms, with a comprehensive list of authorized institutions provided [15][16] - The fund management will disclose the net asset values of the fund shares on the following day after each trading day starting July 9, 2025 [17] - The fund management reserves the right to adjust subscription amounts and redemption limits as per legal regulations, with prior announcements required [18]

Core Insights - The rapid development of artificial intelligence (AI) technology has created new opportunities for quantitative investment, significantly enhancing investment efficiency and effectiveness, leading to increased market interest [1][2] - The launch of the "Fidelity AI-Driven Quantitative Stock Selection Fund" aims to leverage AI stock selection methods and multi-factor Alpha models to flexibly capture style rotation opportunities in a changing market [1][2] Group 1: AI and Quantitative Investment - AI advancements, such as breakthroughs in large models like ChatGPT and Deepseek, have validated machines' ability to analyze complex data, enhancing investment efficiency through real-time analysis of thousands of stocks across multiple dimensions [2] - The fund employs an "Air Index Increment" strategy that moves away from single index tracking, utilizing AI-driven data mining and factor construction to extract effective signals from unstructured data [2] Group 2: Fund Management and Performance - The fund will be co-managed by experienced quantitative investment professionals Wang Baohe and Fang Min, who have over seven years of collaboration, demonstrating a strong understanding of "index enhancement" and "active quantitative" strategies [3] - Previous funds managed by these professionals, such as the "Fidelity CSI 1000 Index Enhancement" and "Fidelity CSI 1000 Preferred," have consistently achieved excess returns since their inception, showcasing their expertise in quantitative investment [3] Group 3: Market Context and Opportunities - Amidst significant adjustments in the global economic landscape and increasing external uncertainties, Chinese assets are gaining global capital attention due to breakthroughs in high-end manufacturing and AI, which reshape the industrial landscape and release substantial investment potential [4] - The current valuation of major domestic market indices is notably lower than that of global indices like the S&P 500, enhancing the allocation value and attractiveness of Chinese assets [4]