Core Insights - The Hong Kong Stock Connect Technology Index (931573) has shown a positive trend, with notable increases in constituent stocks such as Gao Wei Electronics (4.75%) and Lenovo Group (3.51%) [1] - The Hong Kong Stock Connect Technology ETF (513860) has also risen by 1.03%, with a recent price of 0.69 yuan, and has seen a weekly increase of 5.44% [1][2] - The ETF's latest scale reached 1.658 billion yuan, marking a one-year high, and its shares reached 2.459 billion, also a one-year high [3][4] Market Performance - The Hong Kong Stock Connect Technology ETF recorded a net inflow of 202 million yuan, indicating strong investor interest [5] - Leveraged funds are actively participating, with a net purchase of 4.6019 million yuan on the previous trading day [6] - The ETF has achieved a 42.61% net value increase over the past three years, ranking 40 out of 1729 in its category [6] Risk and Return Metrics - The ETF's Sharpe ratio for the past year stands at 1.77, suggesting a favorable risk-adjusted return [7] - Year-to-date, the ETF has a relative drawdown of 1.43%, the lowest among comparable funds [8] - The management fee is 0.50% and the custody fee is 0.10%, both of which are the lowest in its category [9] Valuation and Composition - The ETF tracks the Hong Kong Stock Connect Technology Index, which has a current price-to-earnings ratio (PE-TTM) of 22.71, indicating it is undervalued compared to historical levels [9] - The top ten weighted stocks in the index account for 71.87% of the total, with Xiaomi Group and Alibaba being the largest constituents [9][11]