On October 19, the low-altitude economy sector continued its strong performance, with Xindong Lianke surging more than 14%, Zhejiang Wanfeng Auto Wheel Co.,Ltd. (ASX: 002085) locking in a second consecutive daily limit up, Hangcai Shares rising over 9%, and Guorui Technology gaining more than 5%. The underlying index of the General Aviation ETF Hua Bao (159231), which offers one-click exposure to commercial aerospace, satellite navigation, the low-altitude economy, and large aircraft, extended its rally by more than 2% intraday after surging nearly 5% last Friday.
Top 10 intraday gainers among constituent stocks of the General Aviation ETF Hua Bao (159231) underlying index. With Tesla Motors (NASDAQ: TSLA) making the global debut of its flying car, the low-altitude economy sector has once again drawn attention.
On October 15 local time, Tesla Motors (NASDAQ: TSLA) held a Roadster launch event in Texas, USA, showcasing a redesigned second-generation Roadster. Analysts at Ping An Securities noted that the airborne display at the event was essentially a performance stunt in a closed venue, far from a viable solution for daily commuting or sustained low-altitude travel. However, as a leading automaker, Tesla Motors (NASDAQ: TSLA) has pushed the concept of automobiles and low-altitude mobility into the public eye, amplifying industry attention.
China's low-altitude economy industry is steadily advancing. The country's low-altitude sector has a complete layout across mainstream technical routes including compound-wing, full-tiltrotor, and ground-air split configurations. Combined with low-altitude airspace reform and local pilot support, it possesses extensive testing and application scenarios.
Wings of a great nation, soaring ambitions! The General Aviation ETF Hua Bao (159231) and its feeder funds (Class A: 024766; Class C: 024767) track an underlying index that comprehensively covers 50 aerospace constituent stocks, spanning hot areas such as the low-altitude economy, commercial aerospace, satellite navigation, large aircraft, drones, and military aircraft. Among these, low-altitude economy concept exposure exceeds 90%, commercial aerospace exposure surpasses 60%, and satellite navigation concept exposure tops 45%, making it a powerful tool for one-click allocation to China's aerospace industry chain.
Recent market volatility may be significant, and short-term gains or losses do not predict future performance. Fund investments may result in losses. Investors are urged to invest rationally based on their own financial situation and risk tolerance, with heightened attention to position sizing and risk management.
According to the fund manager's assessment, the General Aviation ETF Hua Bao (159231) has a risk rating of R3-Moderate Risk, suitable for balanced-type (C3) and above investors. Suitability matching opinions should be based on the sales institution's assessment.
Data source: Shanghai and Shenzhen Stock Exchanges, iFind. The relevant concepts are 886067.TI Low-Altitude Economy, 886078.TI Commercial Aerospace, and 885574.TI Satellite Navigation. The relevant concept exposure represents the combined weight of constituent stocks shared between the General Aviation Index and the above concept indices, as of September 30, 2026.
Fund fee disclosure: The General Aviation ETF does not charge a sales service fee. Subscription and redemption agents may charge a commission of no more than 0.5%. On-exchange transaction fees are subject to actual charges by securities firms. The subscription fee for General Aviation ETF Hua Bao Feeder A is: 1,000 yuan per transaction for amounts above 2 million yuan; 0.6% for 1-2 million yuan; 1% for below 1 million yuan. The redemption fee is: 1.5% for holding periods under 7 days; 0% for 7 days or more; no sales service fee. The redemption fee for General Aviation ETF Hua Bao Feeder C is 1.5% for holding periods under 7 days; 0% for 7 days or more; sales service fee is 0.25% per year. Fund management fee: 0.5% per year; fund custody fee: 0.1%. Please refer to each fund's legal documents for detailed fee rates.
Institutional reference source: Ping An Securities, October 18, 2026, "Tesla Flying Car Global Debut, Juwang Technology Deep Eutectic Route All-Solid-State Production Line Commissioned."
Risk disclosure: General Aviation ETF Hua Bao passively tracks the Guozheng General Aviation Industry Index. The index base date is June 29, 2012, and the publication date is December 28, 2012. The index constituent composition is adjusted in a timely manner according to the index compilation rules. Its back-tested historical performance does not predict future index performance. The annual historical returns of the Guozheng General Aviation Industry Index from 2021 to 2025 were: 3.92%, -26.60%, 0.46%, 21.18%, and 28.71%, respectively. The annual volatility from 2021 to 2025 was: 3.99%, 3.25%, 2.96%, 5.90%, and 3.24%. Past index performance does not predict future results.
The index constituent stocks mentioned in this article are for illustrative purposes only. Individual stock descriptions do not constitute investment advice in any form, nor do they represent the holdings or trading activities of any fund under the manager. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors are responsible for any investment decisions they make independently. Additionally, any views, analyses, and forecasts in this article do not constitute investment advice of any kind to readers, nor shall they bear any responsibility for direct or indirect losses arising from the use of this content. Fund investment involves risks. Past performance of a fund does not guarantee future results. The performance of other funds managed by the fund manager does not constitute a guarantee of fund performance. Invest cautiously.
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