Today (November 3), the Electronics ETF (515260), which combines exposure to both semiconductors and consumer electronics, traded in negative territory before narrowing losses in the afternoon. Its intraday price is currently down 1.03%. Data from the Shanghai Stock Exchange shows the ETF attracted 4.11 million yuan in inflows last Friday, suggesting investors may be positioning for a rebound amid the dip.
Among its constituents, Shenzhen Longsys Electronics Co., Ltd. (江波龙) rose over 5%, while Foxconn Industrial Internet and GigaDevice Semiconductor gained more than 3%. Shennan Circuits advanced over 2%, with Shenghong Technology and Unigroup Guoxin Microelectronics also posting gains. On the downside, GalaxyCore dropped over 4%, while SMIC and Topgolf Microelectronics fell more than 3%, leading the declines.
Fundamentally, the electronics sector has delivered strong results. As of October 31, 49 out of the ETF’s 50 constituent companies had released Q3 reports, with 44 reporting profits and 40 showing year-over-year growth in net profit attributable to shareholders. Silan Microelectronics saw an 11-fold surge in net profit, while GalaxyCore, Shenghong Technology, Cambricon, Wingtech, Rockchip, and Topgolf Microelectronics posted triple-digit growth rates of 518%, 324%, 321%, 265%, 121%, and 105%, respectively.
Galaxy Securities noted that the tech sector remains a long-term investment theme, particularly in semiconductor localization and AI-driven demand for computing and storage infrastructure. Guojin Securities highlighted increased capital expenditure plans by Google, Meta, Microsoft, and Amazon, alongside rising demand for CoWoS packaging, 800G/1.6T optical modules, and AI-PCBs. Strong orders and capacity expansions among AI-PCB firms signal sustained high growth in H2.
The Electronics ETF (515260) and its feeder funds (Class A: 012550; Class C: 012551) track the CSI Electronic 50 Index, featuring three key themes: 1. **Innovation Leadership**: Heavyweight exposure to semiconductors, consumer electronics, PCB, AI chips, and 5G, with top holdings like Luxshare Precision, SMIC, Cambricon, and Foxconn Industrial Internet. 2. **Apple Supply Chain Momentum**: With 43.43% weight in Apple suppliers, the sector benefits from a hardware upgrade cycle. 3. **Policy Tailwinds & AI Catalysts**: Domestic semiconductor self-sufficiency and AI-driven product innovation are bolstered by national policies.
**Risk Disclosure**: The ETF tracks the CSI Electronic 50 Index (base date: 2008-12-31; launch date: 2009-07-22). Constituent stocks are adjusted per index methodology, and past performance does not guarantee future results. Individual stock mentions are illustrative and not investment advice. The fund carries an R3 (moderate risk) rating, suitable for balanced (C3) or higher-risk investors. Investment decisions should be made independently, and no liability is assumed for direct/indirect losses from using this information.
Comments