Main capital continued to pour into the electronics sector today (June 17). As of writing, the sector has seen net main fund inflows exceeding 30 billion yuan, ranking first among the 31 primary Shenwan industries in terms of capital attraction.
Boe Technology Group Co.,Ltd. (BOE A-share) secured net main fund inflows of over 3.4 billion yuan, topping the A-share fund inflow list.
Among popular ETFs, Huabao Electronic ETF (515260), which covers hot concepts like PCB, MLCC, and glass substrates, saw a rapid price increase. Its intraday price rose 1.76%, aiming for a third consecutive positive daily close and challenging its previous historical high of 1.002.
Amid the heated market activity, capital is actively positioning itself. Data shows that Huabao Electronic ETF (515260) attracted 11.51 million yuan in a single day yesterday.
Regarding index constituents, the glass substrate concept surged, with BOE A-share hitting the limit-up and TCL Technology rising over 6%. PCB leaders also delivered strong performances, with Shennan Circuits hitting the limit-up to reach a new historical high and Avary Holding gaining over 6%. Consumer electronics leaders like ShareData, Huaqin Technology, and Lens Technology followed suit with gains.
The catalyst for the move came from news that Taiwan Semiconductor Manufacturing (TSMC) has issued a CoWoS glass substrate development plan to its supply chain, confirming collaboration with ABF substrate supplier Ibiden and panel maker Innolux to jointly validate the feasibility of introducing glass substrates into CoWoS advanced packaging. This marks TSMC's first public disclosure of the application progress for glass substrate technology, signaling that glass substrates have officially entered the industrial validation phase.
Caitong Securities noted that the glass substrate industry chain is characterized by high barriers for upstream materials and equipment, complex midstream manufacturing processes, and demand driven by downstream advanced packaging. The industry is gradually transitioning from the technical validation phase to pilot verification and capacity construction stages.
Additionally, PCB leader Dongshan Precision announced a massive $1.2 billion investment to pursue optical technology, implementing an expansion project for optical chips and modules. Changjiang Securities believes that with the explosion in AI computing demand, data center requirements for high-speed optical modules/devices and upstream substrate materials like indium phosphide continue to rise. Due to long expansion cycles and high technical barriers, a structural supply-demand gap exists in the market.
Shenwan Hongyuan Securities argues that within the context of AI industrialization, as the mainstay of computing power infrastructure, key segments in the electronics sector such as computing chips, semiconductor memory, PCBs, and passive components are facing unprecedented innovation opportunities. The number of listed companies and product scope within the electronics sector are also continuously expanding, incubating diverse industrial chains and investment themes, allowing investors to find multiple investment opportunities within the sector.
Taking a longer-term view, the underlying index (Electronic 50 Index) of Huabao Electronic ETF (515260) has surged 201.52% cumulatively from the start of the "9.24" market rally up to June 16. This performance outpaces comparable electronics indices like CSI Electronics (197.18%), as well as major broad-based indices such as the ChiNext 50 (194.68%), the STAR 50 (173.45%), and the CSI 300 (52.03%).
Index Performance and Composition Details
The statistical period for the data is from September 24, 2024, to June 16, 2026. The Electronic 50 Index's performance over the past five full calendar years is as follows: 2021, +3.27%; 2022, -38.63%; 2023, +1.03%; 2024, +27.45%; 2025, +43.49%. The index's constituent stocks are adjusted according to its compilation rules, and its historical back-tested performance does not predict future results.
ETF Overview and Strategy
Huabao Electronic ETF (515260) and its feeder funds (Class A: 012550, Class C: 012551) passively track the Electronic 50 Index. The fund is heavily weighted towards the semiconductor and consumer electronics industries, aggregating exposure to hot sectors like AI chips, automotive electronics, 5G, and printed circuit boards (PCBs). Its top holdings include companies such as Luxshare Precision, Cambricon, Industrial Fulian, and SMIC. Additionally, this ETF is eligible for margin trading and is included in the Stock Connect programs, serving as an efficient tool for gaining one-stop exposure to core assets in the electronics sector.
Data indicates that the underlying index of Huabao Electronic ETF (515260) covers popular technology themes. As of the end of May, the weightings for the Apple, NVIDIA, and Google supply chains were 49.34%, 28.50%, and 23.85% respectively. This deep linkage to the growth of global technology leaders positions the fund to potentially benefit from their industrial expansion and technological innovation.
Important Fee and Risk Information
Huabao Electronic ETF does not charge a sales service fee. Subscription and redemption agents may charge commissions of up to 0.5%, which include relevant fees collected by stock exchanges and registration institutions. On-exchange trading fees are subject to the actual charges by securities firms.
The fund passively tracks the CSI Electronic 50 Index, which has a base date of December 31, 2008, and was launched on July 22, 2009. The index's constituent stocks are adjusted according to its compilation rules, and its historical back-tested performance does not predict future results. Individual stocks and index constituents mentioned in this article are for illustrative purposes only; descriptions of individual stocks do not constitute investment advice in any form nor represent the holdings or trading动向 of any fund managed by the fund manager. The fund manager assesses the risk rating of Huabao Electronic ETF as R3-Medium Risk, suitable for Balanced (C3) and higher-risk-tolerance investors. Suitability matching opinions should be based on the selling institution's assessment. Any information appearing in this article (including but not limited to individual stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors are solely responsible for their independent investment decisions. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice of any kind to readers, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks. The past performance of a fund does not guarantee its future results. The performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. Invest with caution in funds.
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