ETF互联互通标的迎来新一轮重要扩容。2026年1月9日，港交所公告称，北向沪股通共有54只ETF调 入、北向深股通共有44只ETF调入。据悉，此次扩容将于2026年1月19日起正式生效，扩容后，"ETF 通"数量将超300只。 跟踪中证A500指数的相关ETF成为本次纳入的亮点。根据港交所信息，在此次新增标的中，华泰柏瑞基 金旗下的A500ETF华泰柏瑞（563360）是仅有的目前规模超450亿元的产品。该ETF紧密跟踪的中证 A500指数采取"行业中性+市值选样"的筛选方式，优选中证三级行业龙头公司，覆盖35个中证二级行业 和89个中证三级行业，较好表征了A股核心资产整体表现，或是助力把握A股整体机遇的便捷、高效工 具。 交易所数据显示，A500ETF华泰柏瑞（563360）最新规模499.36亿元，在所有跟踪中证A500指数的ETF 中规模居首；今年以来日均成交额达152.40亿元，在同类产品中展现出一定的规模与流动性优势。除此 之外，A500ETF华泰柏瑞（563360）拥有全方位低费率结构，管理费率、托管费率分别为0.15%/年和 0.05%/年，均为当前A股市场权益类指数产品中的最低一档费率结构， ...

近期，以半导体、CPO为代表的硬科技主线持续演绎，截至2025年8月28日，聚焦硬科技龙头企业的科 创50指数收盘价达1，364.60 ，再次刷新2022年2月以来历史新高。此外指数成份股的亮丽业绩进一步验 证了板块的高景气度。截至9月1日，科创50指数成份股已全部公布2025年半年报数据。其中，有29家于 2025年上半年实现营收、净利润同比双增长。在龙头公司靓丽财报业绩的提振下，相关ETF产品交投活 跃。（数据来源：Wind、上市公司定期报告，指数过往涨跌不代表未来表现，不构成基金业绩表现的 保证或承诺，请投资者关注指数波动风险。） 作为市场首批跟踪科创50指数的ETF，科创板ETF（588090）自8月22日以来连续7个交易日单日成交额 突破3亿元，期间日均成交额达5.03亿元，交投活跃度显著升温，其中更是有3日获资金净流入。在增量 资金的积极布局下，基金最新规模和最新份额分别达55.64亿元和39.81亿份。（科创板ETF成立于 20/9/28，数据来源：Wind、交易所，截至2025/9/1） 按照申万一级行业分类，科创50指数主要覆盖电子、医药生物、计算机、电力设备等具有高成长属性的 硬科技板块， ...

Core Viewpoint - The semiconductor and hard technology sectors continue to perform well, with the Sci-Tech 50 Index reaching a new high of 1364.60 as of August 28, 2025, indicating strong market sentiment and growth potential in these areas [1]. Group 1: Sci-Tech 50 Index Performance - As of September 1, 2025, all constituent companies of the Sci-Tech 50 Index reported their semi-annual results for 2025, with 29 companies achieving both revenue and net profit growth year-on-year [1]. - The active trading of related ETF products has been significantly boosted by the strong financial performance of leading companies in the index [1]. Group 2: ETF Trading Activity - The Sci-Tech Board ETF (588090) has seen a notable increase in trading activity, with daily trading volume exceeding 300 million yuan for seven consecutive trading days since August 22, 2025, and an average daily trading volume of 503 million yuan [1]. - The latest fund size and share count for the Sci-Tech Board ETF reached 5.564 billion yuan and 3.981 billion shares, respectively [1]. Group 3: Index Composition and Adjustments - The Sci-Tech 50 Index primarily covers high-growth sectors such as electronics, pharmaceuticals, computers, and power equipment, representing over 42% of the total market capitalization and free float market capitalization of the Sci-Tech Board, despite constituting less than 9% of the total number of stocks [1]. - A leading company in the electronics sector is set to be added to the Sci-Tech 50 Index after the market closes on September 12, 2025, which is expected to enhance the index's representativeness [1]. Group 4: Fund Management and Growth - Huatai-PB Fund, one of the first ETF managers in China, has over 18 years of experience in ETF operations and has created the largest ETF product in the A-share market, the CSI 300 ETF (510300), with a scale of 419.835 billion yuan as of September 1, 2025 [2][1]. - The Huatai-PB Sci-Tech Board 50 ETF Link (022950) has also been included in the personal pension product directory, with its share count reaching 6.1 million, marking a significant increase of 5.6 million shares since the end of 2024 [1].

Core Insights - The Sci-Tech Innovation Board (STAR Market) has celebrated its sixth anniversary, having nurtured 589 listed companies with a total market capitalization exceeding 8.04 trillion yuan, focusing on "hard technology" sectors such as new-generation information technology and biomedicine [1] - The STAR 50 Index, which includes 50 high-growth, high-R&D technology leaders, has gained significant attention in the market, particularly in the context of active sectors like AI and innovative pharmaceuticals [1] - The STAR Market ETF (588090) has seen a surge in trading activity, with net inflows in 13 out of 16 trading days in July, accumulating 1.594 billion yuan, and its fund size approaching 5 billion yuan as of July 22 [1] Industry Distribution - The STAR 50 Index primarily covers industries such as new-generation information technology, biomedicine, and new materials, showcasing strong growth attributes [1] - Within the Shenwan secondary industry classification, the semiconductor sector holds a dominant weight of 61.04% in the STAR 50 Index [1] - The top five constituent stocks of the STAR 50 Index are leading semiconductor companies, including SMIC, Haiguang Information, Cambricon Technologies, Lattice Semiconductor, and Zhongwei Company, which are expected to continuously inject development momentum into the index [1] Fund Management - The STAR Market ETF (588090) is part of the first batch of index funds included in the personal pension product catalog, with its connected fund, Huatai-PB STAR 50 ETF Connect Y (022950), showing significant growth in fund shares, reaching 6.1 million shares, an increase of 5.6 million shares since the end of 2024 [2] - Huatai-PB Fund, as one of the first ETF managers in China, has over 18 years of ETF operation experience and manages a range of ETFs, including the leading Hu-Shen 300 ETF (510300) and other STAR Market ETFs, providing investors with diverse and convenient investment tools to share in the STAR Market's growth [2]

以下文章来源于大马哈投资 ，作者我叫大马哈 大马哈投资 . 雪球2021年度基金影响力用户，做专业靠谱有深度的基金研究 长按扫码即可免费加入 熟悉我的朋友都知道 ， 我是小盘股的忠实粉丝 ， 一直以来的主要逻辑是觉得小盘股的长期业绩 表现并不比大盘股差 ， 然后在小盘股中比较容易用量化手段做出超额 ， 所以我配置了不少小盘 指数增强基金以长期持有 。 当然 ， 今天我在这里同大家聊小盘股则并非出于上述长期投资逻辑 ， 而是小盘股的业绩弹性出 发 ， 在偏暖的市场行情中有望给投资者带来更为更高的业绩锐度 。 从投资逻辑来说 ， 小盘股属于高风险偏好品种 ， 在市面情绪不佳时小盘股往往跌幅更大 ， 在市 场情绪较好时小盘股往往也会有着更高的涨幅 。 尽管2019年以来随着大盘蓝筹风格的崛起这一现 象已有所弱化 ， 但2019年以前这一现象是非常明显的 。 在2013-2015年的 " 互联网+ " 行情期间 ， 小盘股可谓风头正劲 ， 2012年12月4日至2015年6月12 日 ， 期间沪深300上涨152.99% ， 中证500上涨319.98% ， 中证1000上涨426.39% 。 尽管过去几年这一现象不 ...