素材源：吕怡蕾 编辑：康书源 审核：张强 工信部数据显示，2025年前8个月，软件和信息技术服务业（以下简称"软件业"）运行态势良好，软件 业务收入稳健增长，利润总额保持两位数增长，软件业务出口保持正增长。前8个月，软件业务收入 96409亿元，同比增长12.6%。软件业利润总额13186亿元，同比增长13.0%。软件业务出口404.4亿美 元，同比增长6.4%。 软件ETF（159852）跟踪中证软件服务指数，前十大权重股分别为科大讯飞、同花顺、金山办公、指南 针、恒生电子、润和软件、三六零、拓维信息、用友网络、深信服，权重合计超62.41%。 软件ETF（159852）当前管理费率为0.50%（每年），托管费率为0.10%（每年），没有股票账户的投资 者还可以通过联接基金（012619.OF，012620.OF，021861.OF）布局板块投资机遇。 免责声明：以上内容为本网站转自其他媒体，相关信息仅为传递更多信息之目的，不代表本网观点，亦 不代表本网站赞同其观点或证实其内容的真实性。如稿件版权单位或个人不想在本网发布，可与本网联 系，本网视情况可立即将其撤除。 据深交所数据显示，截至13:21，深证成指 ...

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].

Group 1 - The core viewpoint of the article highlights the strong performance of AI hardware and the potential for software applications to follow suit, driven by recent industry developments and favorable catalysts [2][8][13] - AI hardware stocks, such as Nvidia and leading optical module companies, have shown significant gains, indicating a robust market trend [2][8] - The release of H20 chip regulations and the listing of domestic AI chip companies are expected to enhance AI computing resources in China, paving the way for software applications to thrive [2][15] Group 2 - Historical trends suggest that hardware typically leads software in technology cycles, with the current phase expected to follow this pattern, potentially making software the next focus of the AI market [2][3] - The software index has shown a strong correlation with AI market trends, with notable increases in value during key AI market phases, such as a 48.7% rise from January to early April 2023 [7][8] - The software ETF (159852.SZ) is identified as a suitable investment vehicle for those looking to capitalize on AI application growth, given its focus on leading software companies [9][12] Group 3 - The AI application market in China is projected to grow significantly, with the core industry expected to reach 683.2 billion yuan in 2024, reflecting a year-on-year growth of 28.7% [15] - The structure of the software ETF aligns well with the market's focus on enterprise-level AI solutions, which account for 64% of the industry, indicating a strong potential for future growth [15][16] - Major companies in the AI sector are increasing their R&D investments, suggesting a competitive landscape that will drive further advancements in AI applications [15]

Core Insights - The ETF market in China has surpassed 4 trillion yuan in total scale for the first time, achieving a 15% quarter-on-quarter growth, indicating a thriving industry [2] - Leading companies in the ETF space, particularly Jiashi Fund, have demonstrated strong management capabilities and significant market share, with Jiashi Fund holding 260 billion yuan in ETF scale [2][3] - The competitive advantage of top companies lies in their proactive product development and industry foresight, as evidenced by Jiashi Fund's early launches of innovative ETFs [3][4] Market Dynamics - The top 12 fund companies account for over 80% of the market share, with the top five companies holding nearly 60% [2] - Jiashi Fund has launched 25 innovative products in the past five years, with five new ETFs introduced in the first half of this year alone [3] - Jiashi Fund's ETFs, such as the Sci-Tech Chip ETF and Rare Earth ETF, have capitalized on emerging industry trends, showcasing their ability to predict market movements [3][4] Performance Metrics - As of July 10, Jiashi's Sci-Tech Chip ETF has seen a growth of over 58%, while the Software ETF and Rare Earth ETF have increased by over 55% and nearly 40%, respectively [4] - These ETFs have experienced net subscriptions in the past six months, reflecting strong investor interest and confidence in their performance [4] Service Evolution - The service capabilities of fund companies are becoming a new competitive dimension, with Jiashi Fund launching the "Super Jiabei" index investment service mini-program to enhance investor experience [6] - Jiashi Fund has developed an ETF ecosystem that emphasizes not only investment but also strategic guidance and market response, improving overall investor experience [7] - The introduction of tools and manuals, such as the "Artificial Intelligence + ETF Investment Guide," aims to assist investors in understanding industry trends and making informed decisions [7]

Group 1 - The A-share market saw a collective low opening on May 26, with the Shanghai Composite Index rebounding into positive territory, while the CSI Software Service Index increased by 0.04% [1] - The Software ETF (159852) experienced a fluctuation with a rise of 0.52%, indicating active trading during the session. Notable constituent stocks included Zhongke Software, which rose over 4%, along with China Software, Shiji Information, Zhongke Chuangda, and Taiji Co., Ltd. [1] - The Software ETF (159852) closely tracks the CSI Software Service Index, which includes 30 listed companies involved in software development and services, reflecting the overall performance of the software service industry [1] Group 2 - The first "A swallow A" case emerged following new regulations, with Haiguang Information Technology Co., Ltd. planning to merge with Zhongke Shuguang through a share swap, marking the first absorption merger transaction since the revision of the Major Asset Restructuring Management Measures on May 16 [2] - Zhongke Shuguang is a leading company in the domestic information industry, with strong technical capabilities in high-end computing, storage, and cloud computing, while Haiguang Information focuses on the design and development of domestic architecture CPUs and DCUs [2] - According to Jiangyin International, investors should focus on technological development and transformation themes, particularly artificial intelligence, which is expected to be a key technological change in the near future [2] Group 3 - Western Securities emphasizes that AI Agents and computing power remain clear investment directions, anticipating accelerated commercialization of AI Agents in the second half of the year and a reevaluation of software company values due to MaaS [3] - The firm also highlights the acceleration of domestic innovation in the upstream chip sector within the computing power industry chain, suggesting opportunities for valuation recovery and new product anticipation in the subsequent supply chain companies [3]

Group 1 - Major stock indices opened lower on May 22, with sectors like AI smartphones, wireless charging, and automotive chips showing gains [1] - The software ETF (159852) saw a net inflow of 99.66 million yuan from May 20 to 21, indicating strong investor interest [1] - The software ETF (159852) tracks the CSI Software Service Index, which includes 30 listed companies involved in software development and services [1] Group 2 - Tencent's large model strategy was showcased at the 2025 Tencent Cloud AI Industry Application Summit, highlighting upgrades in its product matrix [2] - The mixed Yuan TurboS model ranked among the top eight globally on the Chatbot Arena platform, demonstrating strong capabilities in coding and mathematics [2] Group 3 - Guosen Securities is optimistic about the AI industry entering a rebound cycle, supported by healthy demand from US tech companies [3] - The first quarter reports from companies like Google and META indicate robust advertising demand and significant AI efficiency improvements [3] - Despite a decline in cloud CAPEX due to supply chain constraints, revenue continues to accelerate, with AI trends expected to drive stock prices for major internet companies [3]

Group 1 - The three major indices opened lower on May 16, with the ChiNext and Shenzhen Composite Index turning positive, while the computer sector showed a low opening followed by a rebound [1] - The Software ETF (159852) closely tracks the CSI Software Service Index, which covers 30 listed companies involved in software development and services, reflecting the overall performance of the software service industry [1] - The People's Bank of China and four other departments held a meeting emphasizing the need for financial management and technology departments to support technological innovation through various policy measures [1] Group 2 - Ping An Securities believes that competition in the global large model field remains intense, maintaining a positive outlook on AI investment opportunities, particularly in areas like OA/ERP/programming/office applications [2] - CITIC Securities notes that after the first quarter reports, market earnings forecasts have been slightly downgraded, with most companies' valuations now at reasonable levels, suggesting to track semiconductor sector opportunities based on potential tariff policy reversals [2] - The semiconductor sector's two main lines of focus include identifying undervalued companies with potential earnings recovery and defensive stocks less affected by tariff policies, particularly in the AI and semiconductor software sectors [2]

Group 1 - The market opened high but retreated, with the Shenzhen Component Index turning negative first, and the Shanghai Composite Index's gains narrowing to 0.2% [1] - The Software ETF (159852) saw a decline of 0.37% with a trading volume exceeding 110 million yuan and a turnover rate of nearly 4%, indicating active trading [1] - The Software ETF closely tracks the CSI Software Service Index, which includes 30 listed companies involved in software development and services, reflecting the overall performance of the software service industry [1] Group 2 - CITIC Securities forecasts steady revenue growth for the computer industry in 2024, although net profit and net profit excluding non-recurring items are under pressure [1] - The performance across different sectors is varied, with servers and AI showing strong results, and a significant improvement in profitability expected in Q1 2025 [1] - Recommendations include focusing on "AI mainline" opportunities, particularly in areas like management/office software, education IT, servers, and cloud vendors, while also considering structural opportunities in sectors like industrial software and basic software [1] Group 3 - Huatai Securities highlights that overseas disturbances and earnings reports were the main concerns for investors in April, with a consensus forming around domestic consumption and low volatility dividends as strong directions [2] - As overseas expectations improve and earnings reports materialize, there is a slight recovery in risk appetite before the holiday, with signs of strength in the TMT sector [2] - The outlook suggests that there is still room for growth in domestic consumption and technology sectors, recommending marginal increases in allocation [2]

Group 1 - A-shares experienced a significant increase on April 10, with the ChiNext Index rising over 4% and the Shenzhen Component Index up more than 3%, while the total trading volume in the Shanghai and Shenzhen markets exceeded 500 billion yuan, an increase of nearly 30 billion yuan compared to the previous day [1] - The Software ETF (159852) rose over 3% with a trading volume surpassing 150 million yuan within the first half hour of trading, indicating strong investor interest [2] - Foreign investment institutions, including Goldman Sachs and Morgan Stanley, expressed three core assessments of Chinese assets: significant valuation advantages, ample policy tools, and strengthened logic of technological innovation, highlighting the resilience of the Chinese market [2] Group 2 - The Software ETF (159852) closely tracks the CSI Software Service Index, which includes 30 listed companies involved in software development and services, reflecting the overall performance of the software service industry [2] - The domestic innovation and trusted computing industry chain is expected to see significant development opportunities, with projections for over 20,000 applications and services based on the HarmonyOS to be launched by 2024, and over 1 billion HarmonyOS devices expected [3] - The rise of domestic software and hardware is emphasized as a crucial path for development amid ongoing global trade tensions, with a focus on self-reliance in key technological products [3]