Hong Kong markets offer a 2x leveraged product on SK Hynix, and the US market is also seeing the development of a 2x leveraged fund targeting Zhongji Innolight.
Reports indicate that a fund aiming for 2x the daily return of Zhongji Innolight's stock, before fees and expenses, is currently in the fundraising stage. This fund, named ProShares Ultra ZhongjiInnolight, is seen by analysts as a potential source of additional liquidity support for the company.
On June 12th, Zhongji Innolight's stock opened nearly 5% higher and is currently up over 3%. Recent data shows continued capital inflows into the stock. Wind data for June 11th indicates that among 3,777 A-share stocks seeing financing purchases, Zhongji Innolight led with purchases totaling 4.773 billion yuan.
In the ETF space, the ChiNext AI ETF Huabao (159363), which holds significant positions in stocks often referred to as "Yi Zhong Tian," traded higher with real-time turnover exceeding 900 million yuan, and saw net creations of 20 million fund units.
A Goldman Sachs report suggests that hyperscale data center operators' spending on AI could significantly exceed market expectations. Goldman Sachs analysts estimate that by 2027, capital expenditures from these operators could reach approximately $1.1 trillion, potentially climbing to $1.4 trillion in an optimistic scenario, compared to Wall Street's expectation of around $920 billion. This upside in AI capital expenditure implies potential upside for the earnings and stock prices of AI infrastructure beneficiaries.
From a medium- to long-term investment strategy perspective, some securities research suggests recent adjustments in growth sectors stem from factors like crowding and liquidity, rather than an end to the industry trend. The AI theme is still seen as having earnings and momentum support, with pullbacks potentially creating buying opportunities. External disruptions are not expected to alter the core logic of focusing on momentum and profitability in A-shares, with the AI direction still viewed as having strong earnings certainty. As the July earnings season approaches, the effectiveness of momentum investing is expected to rise, with mid-year earnings verification potentially serving as a new catalyst for AI.
In terms of allocation, the strategy recommends focusing on the most certain momentum directions within AI over the long term, using short-term volatility as an opportunity. This includes segments like the North American computing power chain, covering areas such as optical communication (optical modules, optical fibers and cables). Historical experience suggests that during market volatility caused by external disturbances, sectors with high momentum certainty often become market focal points and demonstrate greater resilience. During the July earnings period, these high-consensus momentum sectors are expected to remain the market's strongest consensus.
For a one-click investment in leading CPO optical module companies, attention is drawn to the ChiNext AI ETF Huabao (159363) and its corresponding feeder funds (Class A 023407, Class C 023408). The underlying index has a high exposure to optical modules, exceeding 50%, and a high "Yi Zhong Tian" concentration. Approximately 30% of the portfolio is allocated to AI applications, positioning it as a representative of both core computing power and AI applications.
It is noteworthy that as of June 9, 2026, the ChiNext AI ETF Huabao (159363) had reached a size of 7.426 billion yuan, ranking first in size within the dual-innovation AI theme segment of the market. Its average daily turnover over the past six months exceeded 900 million yuan, also ranking first in trading activity within the AI theme segment.
Investors should be aware that when subscribing for or redeeming fund units, subscription/redemption agents may charge a commission of up to 0.5%. Trading fees for on-exchange transactions are subject to the rates charged by the securities firm, with no sales service fee charged.
For the feeder funds: Class C of the ChiNext AI ETF feeder fund does not charge a subscription fee. A redemption fee of 1.5% applies for holdings under 7 days, and 0% for 7 days or more. A sales service fee of 0.3% is charged. Class A charges a subscription fee of 1% for amounts below 1 million yuan, 0.6% for 1-2 million yuan, and a flat 1000 yuan per transaction for 2 million yuan or more. The same redemption fee schedule applies as for Class C. No sales service fee is charged for Class A.
Risk Disclosure: The ChiNext AI ETF Huabao passively tracks the ChiNext Artificial Intelligence Index. The index base date is December 28, 2018, and its release date was July 11, 2024. The annual performance of the index from 2021 to 2025 was: 17.57%, -34.52%, 47.83%, 38.44%, 106.35%. The index constituents are adjusted according to its rules, and its back-tested historical performance is not indicative of future results. The mention of index constituents is for illustrative purposes only and does not constitute investment advice of any form, nor does it represent the holdings or trading动向 of any fund managed by the manager. The fund manager assesses this fund's risk等级 as R4 - Medium-High Risk, suitable for Aggressive (C4) and above investors. Suitability matching opinions should be based on the sales institution. Any information appearing herein (including but not limited to stocks, commentary, forecasts, charts, indicators, theories, any form of表述, etc.) is for reference only. Investors are solely responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice of any kind to readers, and no responsibility 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 is not indicative of its future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Fund investment requires caution.
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