来源：新浪基金∞工作室 9月26日，科创芯片ETF（588200）开盘跌1.00%，报2.470元。科创芯片ETF（588200）重仓股方面，中 芯国际开盘跌1.04%，海光信息跌1.83%，寒武纪跌1.56%，澜起科技跌0.73%，中微公司跌1.04%，芯原 股份跌2.70%，沪硅产业跌1.66%，恒玄科技跌0.35%，思特威跌0.86%，华海清科跌0.10%。 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。 科创芯片ETF（588200）业绩比较基准为上证科创板芯片指数收益率，管理人为嘉实基金管理有限公 司，基金经理为田光远，成立（2022-09-30）以来回报为150.11%，近一个月回报为18.87%。 ...

Core Viewpoint - The article discusses the rising prices of lithium and rare earth metals amid the "anti-involution" trend, highlighting the performance of rare metal ETFs, particularly the 嘉实中证稀有金属ETF (562800) [1][16]. Group 1: Market Performance - The technology sector, particularly communication and electronics, has seen significant gains, with ETFs like the communication ETF (159695) and the Sci-Tech Chip ETF (588200) both exceeding 50% year-to-date [3]. - The non-ferrous metals sector has also performed well, with an annual increase of 51.05% [4]. - The rare earth ETF 嘉实 (516150) and the rare metal ETF (562800) have recorded year-to-date increases of 64.2% and 51.9%, respectively [4]. Group 2: Economic Factors - The Federal Reserve's recent interest rate cut of 25 basis points marks the beginning of a new easing cycle, which is expected to enhance liquidity and stimulate demand in the downstream sectors [6]. - The "anti-involution" policy is addressing structural supply-side issues, particularly in industries like new energy vehicles, photovoltaics, and lithium batteries [8]. Group 3: Lithium Market Insights - Lithium carbonate prices have been on the rise, with futures prices increasing over 20% since July [8]. - The lithium sector's listed companies reported a 54% year-on-year increase in net profit, totaling 37.26 billion yuan in the first half of the year [10]. - Demand for lithium is projected to reach 1.386 million tons of LCE by 2025, with a year-on-year growth of 20.4% [11]. Group 4: Rare Earth Market Insights - China holds over one-third of the global rare earth reserves and has a significant share of the global production and processing capacity [15]. - The rare earth prices have surged due to supply chain concerns and increased inventory accumulation by foreign manufacturers [15]. - Companies like 北方稀土 have reported substantial revenue growth, with a 45.2% increase in revenue and a 19-fold increase in net profit year-on-year [15]. Group 5: ETF Overview - The 嘉实中证稀有金属ETF (562800) strategically allocates 40% of its weight to small metals, including rare earths, and 20% to energy metals like lithium, nickel, and cobalt [22]. - The ETF has seen a significant increase in fund size, reaching 2.73 billion yuan, with a 119.7% increase in fund shares this year [27].

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。 8月29日，科创芯片ETF（588200）开盘跌2.48%，报2.200元。科创芯片ETF（588200）重仓股方面，中 芯国际开盘跌4.38%，海光信息跌2.58%，寒武纪跌6.80%，澜起科技跌2.00%，中微公司跌2.44%，沪硅 产业跌0.09%，恒玄科技跌1.58%，思特威跌0.59%，华海清科涨0.70%。 科创芯片ETF（588200）业绩比较基准为上证科创板芯片指数收益率，管理人为嘉实基金管理有限公 司，基金经理为田光远，成立（2022-09-30）以来回报为126.13%，近一个月回报为39.90%。 来源：新浪基金∞工作室 ...

Core Viewpoint - The Sci-Tech Chip ETF (588200) opened with a decline of 2.32%, indicating a bearish trend in the semiconductor sector [1] Group 1: ETF Performance - The Sci-Tech Chip ETF (588200) opened at 2.060 yuan, reflecting a drop of 2.32% [1] - Since its establishment on September 30, 2022, the fund has achieved a return of 110.41% [1] - The fund's performance over the past month has been a return of 29.88% [1] Group 2: Major Holdings - Key holdings in the ETF include: - SMIC (中芯国际) down 2.10% - Haiguang Information (海光信息) down 3.29% - Cambricon (寒武纪) down 5.41% - Lattice Technology (澜起科技) down 0.96% - Zhongwei Company (中微公司) down 0.93% - Chipone (芯原股份) down 5.01% - Hu Silicon Industry (沪硅产业) down 0.29% - Hengxuan Technology (恒玄科技) down 0.58% - SiTewave (思特威) down 0.49% - Huahai Qingke (华海清科) down 0.47% [1]

Core Viewpoint - The Sci-Tech Chip ETF (588200) has shown a strong performance with a 2.57% increase on August 25, 2023, indicating positive market sentiment towards the semiconductor sector [1] Group 1: ETF Performance - The opening price of the Sci-Tech Chip ETF (588200) was 2.119 yuan, reflecting a 2.57% increase [1] - Since its establishment on September 30, 2022, the fund has achieved a return of 103.55% [1] - The fund's performance over the past month has been particularly strong, with a return of 32.23% [1] Group 2: Major Holdings - Key holdings in the ETF include: - SMIC (中芯国际) with a 1.95% increase - Haiguang Information (海光信息) with a 5.34% increase - Cambricon (寒武纪) with a 6.26% increase - Lattice Technology (澜起科技) with a 3.79% increase - Zhongwei Company (中微公司) with a 1.95% increase - Chipone (芯原股份) with a 5.53% increase - Hu Silicon Industry (沪硅产业) with a 3.69% increase - Hengxuan Technology (恒玄科技) with a 1.31% increase - SiTewave (思特威) with a 0.87% increase - Huahai Qingke (华海清科) with a 1.92% increase [1]

Core Viewpoint - The market experienced a rebound, with the Shanghai Composite Index, Shenzhen Component Index, and STAR Market 50 Index all reaching new highs for the year, driven by a significant surge in the semiconductor sector, particularly in the STAR Market chip stocks [1] Group 1: Market Performance - The STAR Market chip sector saw a collective surge, with stocks like Shengke Communication-U rising by 20%, Aiwei Electronics and Chipone Technology increasing by over 15%, and Cambricon Technologies-U up by over 8% [1] - The STAR Market Chip ETF (588200) rose by 4.9%, achieving a new high in the secondary market with a total transaction volume of 3.419 billion yuan, ranking first among similar products [1] Group 2: Industry Outlook - The global semiconductor market is expected to continue expanding, with the World Semiconductor Trade Statistics (WSTS) projecting a market size of $700.874 billion by 2025, reflecting an 11.2% growth rate, primarily driven by logic and memory chips [1] - The acceleration of AI edge applications is leading to increased adoption of NPU due to its low power consumption, making it an ideal choice for edge devices, while advancements in wireless connectivity are promoting the development of the Internet of Things (IoT) [1] - A wave of mergers and acquisitions is emerging in the industry, covering materials, equipment, EDA, and packaging sectors, as companies pursue horizontal mergers to expand scale and vertical mergers to enhance the supply chain [1] Group 3: ETF and Index Characteristics - The STAR Market Chip ETF (588200) tracks the STAR Market Chip Index, which focuses on leading chip companies in the STAR Market, emphasizing high-tech segments in design and manufacturing [1] - The STAR Market has a price fluctuation limit of 20%, providing the index with higher elasticity compared to other chip-themed indices in the A-share market [1]

当"硬科技"科创芯片ETF（588200）成为全市场科技细分赛道规模领先的ETF，当被公认为"AI"应用含 量最高的ETF之一的软件ETF（159852）成为全市场规模领先的软件类ETF…… 嘉实基金在ETF领域的前瞻性布局已然显现成效，不仅印证了嘉实对AI时代到来时"硬科技+软实力"驱 动产业逻辑的前瞻判断，更展现了其将复杂科技趋势转化为清晰投资工具的能力。 中国的经济增长创造了巨大的市场beta，但真正考验投资能力的，是在beta行情里，识别出谁能跑得更 快、更远、更稳。 在AI重构百业的今天，一场广泛且深刻的科技变革正在如火如荼地展开，AI以前所未有的速度渗透到 各个行业。过程中，芯片扮演着至关重要的角色，它是AI算力的物理载体，也是技术突破的底层驱动 力，其性能直接决定了AI的发展速度和落地能力。从科技产业的发展逻辑看，最先发力且具备长期投 资价值的产业一定有它。 聚焦科创板、更具科技创新属性、高弹性、爆发力强、0.15%管理费结构……上市于2022年9月30日的 科创芯片ETF（588200）作为当前市场上规模领先的芯片ETF，虽然不是首批成立的芯片ETF，但却因 在每一轮芯片启动时展现出更强爆发力 ...

Core Viewpoint - The article emphasizes that in the second half of passive investment, the key to success lies not only in the breadth and depth of product offerings but also in the quality of service provided to investors, highlighting the importance of a "super ETF" ecosystem developed by the company [1][14]. Group 1: Market Trends and Growth - The total scale of ETFs in China has surpassed 4.6 trillion yuan, reflecting rapid growth, with the market structure showing a "winner-takes-all" trend where the top 12 fund companies hold over 80% of the market share [2][8]. - The company has achieved a management scale of over 290 billion yuan in ETFs, positioning itself among the top five in the industry [3][8]. Group 2: Investment Strategies and Product Offerings - The company focuses on passive investment tools that allow ordinary investors to participate in market trends, offering advantages such as risk diversification, cost optimization, and systematic capture of industry dividends [4][6]. - The company has launched several ETFs targeting key sectors, including AI, new energy, and biomedicine, with notable products like the Sci-Tech Chip ETF (588200) and Software ETF (159852) showing significant growth [5][6]. Group 3: Performance Metrics - The Sci-Tech Chip ETF (588200) has grown from 367 million yuan to 31.74 billion yuan, marking an 86-fold increase since its inception [5]. - The company’s ETFs have shown impressive performance, with the Hang Seng Medical ETF achieving a return of 100.95% over the past year [6][7]. Group 4: Product Development and Innovation - The company has developed a comprehensive product matrix that includes core broad-based ETFs and actively managed thematic products, ensuring alignment with investor needs [9][15]. - The introduction of the "Super ETF" brand and related investment tools aims to enhance investor experience and provide tailored solutions [14][16]. Group 5: Future Outlook - The article suggests that the future of passive investment will focus on value rather than just fee competition, with the company positioning itself to meet evolving investor demands through enhanced service offerings [18].

Core Viewpoint - The aerospace and defense sectors are entering a golden development period in 2025, with strong performance in related thematic indices and ETFs, particularly the high-end equipment ETF (159638) which has shown significant gains recently [1][2]. Group 1: ETF Performance - The high-end equipment ETF (159638) achieved a five-day consecutive increase with a weekly growth rate of 6.19%, and a further rise of 4.13% on June 30, totaling a six-day increase of 10.58% [1]. - On June 30, the trading volume for the high-end equipment ETF reached 90.88 million yuan, significantly higher than the average daily trading volume of 50.93 million yuan over the past year [1]. - The ETF tracks the CSI High-end Equipment Sub-index 50, which includes leading stocks in various sub-sectors such as aerospace equipment manufacturing and radar systems, with a high concentration in the aerospace sector [1]. Group 2: Profit Expectations - The continuous rise of the high-end equipment ETF is supported by strong profit expectations, with projected year-on-year net profit growth of 85.81% and 36.49% for 2025 and 2026, respectively [2]. - The dividend payout ratios for the CSI High-end Equipment Sub-index 50 are expected to increase from 29.25% in 2022 to 54.49% in 2024, indicating a positive trend [2]. Group 3: Company Initiatives - As one of the earliest fund companies to engage in passive investment, the company has been a leader in broad-based and thematic ETFs, launching the first domestic CSI 300 index fund in August 2005 [3]. - The company has continuously innovated in the thematic ETF space, introducing several first-of-their-kind products, including the aerospace high-end equipment ETF (159638) and others focused on green energy and technology sectors [3].

6月9日，三大指数集体高开。截至发稿，上证科创板芯片指数下跌0.23%。 相关ETF方面，科创芯片ETF（588200）跌0.33%，成交额突破2亿元，交投活跃。成分股方面，睿创微 纳涨超2%，南芯科技、格科微、源杰科技等多股涨幅居前。 值得注意的是，近期科创芯片ETF（588200）持续"吸金"。据Wind金融终端，近三个交易日科创芯片 ETF（588200）持续获资金净流入，合计超10亿元，其中6月6日单日"吸金"超2.7亿元。 华泰证券指出，大势上，"上有顶，下有底"或仍是基准情形，关注6月中旬陆家嘴论坛、FOMC会议对 市场的后续指引；风格上，近期微盘股成交额占比接近2023年11月水位，虽拥挤并不意味回调，但目前 参与小盘行情的赔率偏低；成交额尚未放量下，行业轮动速度或仍偏快，创新药、新消费等主题轮动演 绎或相对充分，板块上可关注成交额占比回落且具备产业催化的低位科技方向。配置侧，把握赔率思 维，关注科技中拥挤度相对低位的AI算力芯片、存储芯片、光纤光缆及智能驾驶等，中期关注以A50、 消费、金融为代表的核心资产。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判 ...