11月25日，港股通科技ETF（159262）涨0.83%，成交额6.84亿元。当日份额增加2.15亿份，最新份额为 56.81亿份，近20个交易日份额增加8.74亿份。最新资产净值计算值为62.41亿元。 港股通科技ETF（159262）业绩比较基准为同期恒生港股通科技主题指数收益率(使用估值汇率折算)， 管理人为广发基金管理有限公司，基金经理为夏浩洋，成立（2025-06-26）以来回报为9.86%，近一个 月回报为-8.85%。 来源：新浪基金∞工作室 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 ...

11月25日，港股早盘跳空高开，科技、芯片板块单边走强，相关ETF资金交投活跃。Wind数据显示，港 股通科技ETF（159262）早盘涨2.86%，成交额同类居前。市场分析指出，10月以来，港股科技板块已 自年内高点回调超14%（以恒生科技指数为代表），估值吸引力凸显，吸引资金持续流入港股科技板 块。Wind数据显示，11月24日，全市场ETF获得144亿元资金净流入，其中港股科技类ETF成为资金加 仓集中的方向。 在资金持续加仓港股科技资产的浪潮中，高度聚焦AI+Semi等硬科技赛道的品种港股通科技ETF （159262）最为"吸金"。据Wind数据，该产品11月24日单日获得2.7亿元资金净买入，位居同类ETF首 位，显示投资者对港股科技板块配置价值的高度认可，其最新规模近60亿元。与此同时，百亿级港股科 技产品恒生科技ETF龙头（513380）单日也获得1.58亿元资金净流入，连续18个交易日持续获资金加 仓，最新规模攀升至112.96亿元，反映出投资者对港股科技赛道的高度看好。 有业内人士表示，经过前期深度调整，当前港股硬科技板块估值已具备较好性价比，叠加外围持续处于 降息通道，为资金逆向布局提供了 ...

Core Viewpoint - The Hong Kong stock market is experiencing a strong inflow of funds into the technology sector, particularly in AI and semiconductor-related ETFs, following a significant correction in the sector since October, which has made valuations more attractive [1][2]. Group 1: Market Performance - On November 25, the Hong Kong stock market opened higher, with technology and semiconductor sectors showing strong performance, leading to active trading in related ETFs [1]. - The Hang Seng Technology Index has corrected over 14% from its year-to-date high since October, highlighting the increased attractiveness of valuations in the technology sector [1]. - On November 24, the overall market ETFs saw a net inflow of 14.4 billion yuan, with technology ETFs in Hong Kong being the primary focus for fund accumulation [1]. Group 2: ETF Specifics - The Hong Kong Stock Connect Technology ETF (159262) is the largest product tracking the Hang Seng Stock Connect Technology Index, focusing on hard technology sectors like AI and semiconductors [2]. - The ETF's top ten holdings include major companies such as Alibaba, Tencent, Xiaomi, Meituan, and SMIC, accounting for nearly 80% of the index, indicating a high concentration in the technology sector [2]. - As of November 24, the index has achieved a 45% increase over the past year, with an annualized Sharpe ratio of 1.37, both of which are among the best in the Hong Kong technology and internet thematic indices [2]. Group 3: Investment Sentiment - Industry experts believe that the current valuation of the hard technology sector in Hong Kong offers good value for money, especially as the external environment remains in a rate-cutting cycle, providing a favorable opportunity for reverse positioning [2]. - The Hong Kong Stock Connect Technology ETF (159262) is seen as a key investment tool for capturing recovery opportunities in the Hong Kong technology sector [2]. - Brokerage firms express optimism about the long-term investment value of the ETF, noting its comprehensive coverage of the technology sector, including internet, software, and hardware, which allows for a more precise focus on core technology areas [3].

11月21日，港股通科技ETF（159262）跌1.11%，成交额7.62亿元。当日份额增加5550.00万份，最新份 额为52.12亿份，近20个交易日份额增加4.64亿份。最新资产净值计算值为54.99亿元。 港股通科技ETF（159262）业绩比较基准为同期恒生港股通科技主题指数收益率(使用估值汇率折算)， 管理人为广发基金管理有限公司，基金经理为夏浩洋，成立（2025-06-26）以来回报为5.50%，近一个 月回报为-11.21%。 来源：新浪基金∞工作室 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 ...

Core Insights - The cross-border ETF market has seen significant growth in 2023, with total assets surpassing 900 billion yuan by October 30, driven by increased demand for diversified asset allocation amid changing global economic dynamics [1] - GF Fund has established itself as a leading player in the cross-border ETF space, managing 10 cross-border ETFs with a total scale of 100.77 billion yuan, ranking it among the top in the industry [1][2] Product Overview - GF Fund's four major cross-border ETFs focus on popular sectors, including the largest Nasdaq ETF (159941) with a scale of 30.77 billion yuan, targeting major tech companies like Apple and Microsoft [2] - The Hong Kong Innovative Drug ETF (513120) has a scale of 22.8 billion yuan, benefiting from the upward trend in the global innovative drug industry [2] - The Hong Kong Non-Bank Financial ETF (513750) has a scale of 21.9 billion yuan, focusing on non-bank financial institutions in the Hong Kong market [2] - The Hang Seng Technology ETF (513380) also exceeds 10 billion yuan, capturing opportunities in leading tech companies in Hong Kong [2] Market Trends - The Hang Seng Hong Kong Stock Connect Technology Index has outperformed, with a 57% increase over the past year, reflecting strong investor interest in technology stocks [3] - Cross-border ETFs are increasingly favored by investors for their transparency, flexibility, and lower costs, serving as important tools for risk diversification and capturing overseas market opportunities [3]

Group 1 - The Hong Kong Hang Seng Index has outperformed major indices with a rise of over 30% this year, shifting from valuation recovery to structural opportunity exploration [1] - Investors are focusing on high-quality assets characterized by "low valuation + high prosperity," with sectors like retail, semiconductors, materials, capital goods, software and services, automotive, and insurance showing mid-term allocation value [1] - Representative companies in the "low valuation + high prosperity" category include Alibaba, Meituan, Kuaishou, Huahong Semiconductor, ASMPT, Kingsoft, Bilibili, and Meitu [1] Group 2 - The Hang Seng Hong Kong Stock Connect Technology Theme Index, which includes the aforementioned companies, has a one-year increase of 56.9% and an annualized Sharpe ratio of 1.81, both ranking first among 15 similar indices [2] - The Hong Kong Stock Connect Technology ETF (159262) is the largest product tracking this index, with a net inflow of funds for 11 consecutive weeks, reaching a scale of over 5.7 billion [2] - Tianfeng Securities highlights the ETF's advantage in covering a balanced distribution across internet, software, and hardware sectors, with a strong correlation to the core AI sector expected to yield valuation premiums in 2025 [3]

Core Viewpoint - The Hong Kong Stock Connect Technology ETF (159262) experienced a 2.03% increase in value on October 15, with a trading volume of 586 million yuan, indicating positive market sentiment towards technology stocks in Hong Kong [1] Group 1: Fund Performance - The ETF's total shares decreased by 21.5 million, bringing the latest total to 4.633 billion shares, while the shares have increased by 1.304 billion over the past 20 trading days [1] - The latest net asset value of the ETF is calculated at 5.573 billion yuan [1] - Since its inception on June 26, 2025, the fund has achieved a return of 20.30%, with a monthly return of 0.53% [1] Group 2: Management and Benchmark - The ETF is managed by GF Fund Management Co., Ltd., with Xia Haoyang as the fund manager [1] - The performance benchmark for the ETF is the return rate of the Hang Seng Hong Kong Stock Connect Technology Theme Index, adjusted using valuation exchange rates [1]

除核心科技行业集中度达100%的优势外，东吴证券对指数结构深入分析发现，恒生港股通科技主题指 数的行业结构还呈现出TMT领域的绝对主导地位且产业链全覆盖的特征。具体来看，指数成分股囊括 了从上游半导体、电子元件，到中游云计算、数据库，再到下游互联网服务、人工智能应用等科技全产 业链环节。前十大成分股包括腾讯控股、中芯国际、阿里巴巴等科技龙头，这些企业均具备深厚技术壁 垒和持续研发投入，在全球科技竞争中占据重要地位。这种"软硬兼顾"的配置结构，既把握了互联网服 务的轻资产特性，又兼顾了硬件制造的重资产优势，形成良好的风险分散效果。 在波动性较高的科技板块投资中，风险收益比尤为重要。东吴证券最新研报显示，恒生港股通科技主题 指数在承担相似风险水平的情况下，能够实现更高的风险调整后收益。因此，对于追求科技板块长期增 长潜力且能够承受一定波动的投资者来说，以港股通科技ETF（159262，联接A/C类025197/025198）为 代表的恒生港股通科技主题指数及其相关ETF产品是一个更具吸引力的选择。 备注:数据源自wind,截至2025.10.14 科技&互联网 相关指数近1年主要指标对比 随着全球人工智能浪潮推动 ...

Group 1 - The core viewpoint highlights the strong performance of Hong Kong technology stocks, particularly the Hong Kong Stock Connect Technology ETF (159262), which saw a rise of over 2% and a trading volume exceeding 700 million yuan, leading in trading activity among similar products [1] - As of September 17, the Hong Kong Stock Connect Technology ETF (159262) has experienced 29 consecutive trading days without net outflows, with its latest scale exceeding 4.2 billion yuan and an average daily trading volume of over 350 million yuan in the past month, making it the leader in scale and liquidity among its peers [1] - The ETF tracks the Hang Seng Hong Kong Stock Connect Technology Theme Index, which has been refined in three ways: focusing on Hong Kong Stock Connect technology stocks, purifying the technology components by excluding sectors like automotive and home appliances, and increasing the individual stock weight limit to 15%, with the top ten constituent stocks accounting for nearly 80% [1] Group 2 - The Hang Seng Hong Kong Stock Connect Technology Theme Index has seen a remarkable increase of over 110% in the past year, attracting attention due to its high purity, sharpness, and high Sharpe ratio [1] - Looking ahead, CITIC Securities anticipates that the technology, consumer discretionary, and pharmaceutical sectors in Hong Kong will benefit from potential interest rate cuts by the Federal Reserve, with significant foreign capital allocation opportunities in the context of China's stable growth policies and improving fundamentals [2]

Group 1 - The Hong Kong technology sector experienced a significant surge on September 17, with major tech stocks like Tencent, Alibaba, and Xiaomi collectively rising, which boosted related ETFs [1] - The leading Hang Seng Technology ETF (513380) rose by 4.01%, with a daily trading volume exceeding 900 million yuan; the China Concept Internet ETF (159605) and the Hong Kong Stock Connect Technology ETF (159262) both increased by over 3% [1] - The three ETFs mentioned are among the largest and most liquid, each focusing on different underlying assets: the Hang Seng Technology ETF tracks the Hang Seng Technology Index, the Hong Kong Stock Connect Technology ETF focuses on AI and semiconductor assets, and the China Concept Internet ETF packages Chinese internet assets listed on the Hong Kong Stock Exchange and other overseas exchanges [1] Group 2 - The upcoming Federal Reserve interest rate decision is anticipated to influence market conditions, with expectations of a rate cut contributing to the recent rise in Hong Kong stocks [2] - Historical data suggests that during preemptive rate cut periods, Hong Kong stocks exhibit greater elasticity, with sectors like AI computing, semiconductors, innovative pharmaceuticals, and technology-related stocks expected to benefit [2] - If China's monetary policy follows suit with easing measures, the non-bank financial sector is also expected to perform well in the future [2]