Group 1 - The core viewpoint of the news is that the recent fund share splits by Huabao Fund, including the Huabao CSI Nonferrous Metals ETF, aim to enhance market participation by lowering the investment threshold for smaller investors [1][2][3] - Huabao Fund has implemented a share split for its Huabao CSI Nonferrous Metals ETF at a ratio of 1:2, increasing the total number of shares from 60.5885 million to 121.176 million, while the net asset value per share decreased from 1.2683 yuan to 0.6341 yuan [1][2] - The share splits are part of a broader trend in the market, with nine funds having undergone splits this year, driven by significant gains in sectors like artificial intelligence and nonferrous metals [2][3] Group 2 - The share split strategy is designed to improve liquidity and attract more investors by reducing the price per share, making it more accessible for small investors [4] - Analysts suggest that the share splits do not alter the fund's risk-return characteristics or investment strategies, emphasizing the importance of evaluating the product's inherent qualities rather than just its price [4] - The competitive landscape of the fund market is pushing fund managers to split shares to enhance promotional efforts and increase fund size and management fee income [3][4]

Core Viewpoint - Huabao Fund has split its financial technology ETF shares, reducing the trading threshold for small and medium investors significantly from approximately 173 yuan to about 86 yuan, thereby lowering participation costs [1] Group 1: Fund Splits and Investor Accessibility - The share split of Huabao Fund is part of a broader trend, with six products including Huabao Zhongzheng Military Industry ETF and Bosera Sci-Tech Board AI ETF also implementing share splits this year, enhancing accessibility for small and medium investors [1] - Analyst Cui Yue from Morningstar (China) believes that the share splits address investors' "net value fear" by lowering the unit net value, making the fund price cheaper and reducing the purchase threshold for small and medium investors [1]