ChiNext 50 ETF Huaan (159949) Leads Peers with 815 Million Yuan in Half-Day Trading Volume! Institutions: Energy Storage and CPO Are Short-Term Strong Directions

On March 25, the index surged early but then pulled back. The Shenzhen Component Index and the ChiNext Index both rose over 2% during the trading session, while the Shanghai Composite Index gained 0.86% by midday, returning to 3,900 points. Against this backdrop, the Hu’an (159949) ETF of the ChiNext 50 increased by 1.30%, closing at 1.558 yuan, with a turnover rate of 3.71%, and a midday trading volume of 815 million yuan, ranking first among similar ETFs.

Latest reports show that the top ten holdings of the Hu’an (159949) ChiNext 50 ETF gained more than they declined in the morning. By midday, Ningde Times was up 0.03%, Zhongji Xuchuang up 2.64%, Xinyi Sheng down 0.26%, East Money up 0.10%, Sunshine Power up 0.67%, Shenghong Technology up 0.14%, Inovance Technology up 1.36%, Mindray Medical up 0.70%, Tianfu Communication up 5.49%, and EVE Energy down 0.36%.

On the news front, the “Shenzhen City Action Plan for Accelerating High-Quality Development of the Artificial Intelligence Server Industry Chain (2026–2028)” proposes creating benchmark zero-carbon data centers with “photovoltaic/offshore wind + energy storage + green power direct connection” tailored to local conditions, supporting on-site consumption of computing power demand and efficient use of green electricity. Industry dynamics show that in March, driven by demand for drones and AIDC construction, the price of G.657.A2 optical fiber has broken through 210 yuan per core kilometer, completely surpassing historical price ceilings.

Shenwan Hongyuan believes that medium-term uncertainties are underestimated: firstly, for China and the US, monetary tightening to combat imported inflation is a bad strategy. Increasing inflation tolerance is highly likely. Secondly, the US economy remains resilient, and China has room to maneuver; a recession is not the baseline assumption. In the short term, the market may follow a process of “oversold → steady policy support → rebound.” The market will likely continue to fluctuate within a range, with leading sectors rotating continuously. During phases with new opportunities (such as short-term energy storage and optical communication based on economic recovery), the market may challenge the upper limit of the range; if the rebound stalls, the market could dip toward the lower bound. In terms of allocation, the short-term focus remains on “practicality,” with CPO and energy storage being strong directions.

China Galaxy Securities points out that the duration and evolution of geopolitical conflicts remain highly uncertain, and short-term disruptions to global risk assets are unlikely to subside soon. The global equity markets are expected to continue high volatility. Under the support of our domestic logic, the downside for A-shares is relatively limited, and the market is likely to digest external pressures through oscillation and sector rotation. Regarding structure, the market focuses on inflation logic, and changes in crude oil prices under geopolitical conflicts will continue to be key variables affecting recent market structure. For allocation, attention should be paid to: 1) the ongoing escalation of US-Iran conflicts, which directly drives energy and alternative demand, focusing on coal chemical industry, coal, shipping ports, oil and gas; 2) the market’s shift toward defensive assets, such as finance, utilities, and transportation; 3) technology innovation sectors, including power equipment, new energy, energy storage, semiconductors, computing power, and communication equipment. Additionally, the valuation of consumer sectors is at historically low levels, with some sub-sectors having potential for recovery, such as agriculture, forestry, animal husbandry, fishery, food and beverages, and household appliances.

The Hu’an (159949) ChiNext 50 ETF provides a convenient tool for long-term investors optimistic about China’s tech growth sector. The fund has returned 52.13% over the past three years, outperforming the benchmark, ranking 119th among 1,672 similar products. In the past five trading days, it saw a net capital inflow of 200 million yuan. Investors can trade this ETF directly through stock accounts or participate via linked funds (Class A: 160422; Class C: 160424; Class I: 022654; Class Y: 022976). For operation, it is recommended to adopt dollar-cost averaging or phased deployment to smooth short-term fluctuations, while closely monitoring the performance of constituent stocks and relevant policy developments.

Risk warning: Fund investments carry risks; please proceed with caution. The ChiNext 50 ETF is a higher-risk, higher-return product, with its net value closely linked to the ChiNext market. Investors should carefully read the fund’s legal documents, assess their risk tolerance, and make prudent investment decisions.

MACD golden cross signals have formed, and these stocks are showing good upward momentum!