The Nasdaq Technology ETF (159509) appeared in the positions held by the two contestants in the TOP5 trading list
The National ETF Simulated Investment Elite Challenge is in full swing, and the number of applicants has exceeded 300,000. After more than two months of intense competition, as of December 22, the 2nd “National ETF Simulated Investment Elite Challenge” ranking TOP10:
The 2nd “National ETF Simulated Investment Elite Challenge” trading ranking TOP10:
As of December 22, the main positions held by the top 5 participants in the trading list include: ChuangTech ETF (159777), smart tram ETF (159720), NASDAQ Technology ETF (159509), brokerage ETF (159842), NASDAQ ETF (159941), and Nikkei ETF (159866).
Among them, the Nasdaq Technology ETF (159509) appeared in the positions held by the two contestants in the top 5 trading rankings. Since November, the NASDAQ Technology ETF has increased by 17.96%, leading the ETF market.
The Nasdaq Technology ETF (159509) is currently the only fund product in the domestic market that tracks the Nasdaq Technology market capitalization weighted index.
Compared to the Nasdaq 100 Index, the Nasdaq Technology Market Capitalization Weighted Index selects stocks classified as “technology” in the ICB industry from the Nasdaq 100, and then distributes weight according to the size of market capitalization. It is more targeted in terms of hard core technology and focuses more on the innovative technology sector.
The Nasdaq Technology Market Capitalization Weighted Index has industries distributed on more innovative hard technology tracks such as semiconductors and computer hardware. The shares of the top 10 components and more than 60% gather global technology giants including Nvidia, Facebook, and Apple, and the technology content of the index is more pure.
In the current wave of technology stocks led by AI, the Nasdaq Technology Market Capitalization Weighted Index led the increase ahead of the major US stock indices.
Regarding the latest views on the Nasdaq Technology Index, Zhang Xiaonan, fund manager of the Invesco Great Wall NASDAQ Technology ETF, believes:
1. The Core PCE Price Index (Core PCE Price Index) announced on Friday rose 3.2% year on year, lower than market expectations of 3.3%, once again strengthening market expectations that the Fed will cut interest rates in March or May next year.
2. Federal Reserve Chairman Powell admitted at the FOMC press conference this month that officials discussed the question of when it is appropriate to begin policy relaxation, while current Bloomberg economists' research suggests that the Fed will cut interest rates once in the first half of the year and three more times in the second half of the year.
3. The federal benchmark interest rate began to rise in March 2022 and increased to the current high of 5.25%-5.50% in July 2023, and continues to this day. In the “Higher for Liquidity” environment since this year, the liquidity of US stocks has always been limited. Despite this, big tech stocks, particularly the “Big Seven,” have benefited from the AI wave represented by ChatGPT and dominated the market recently.
4. The risk premium rate for technology stocks has recovered rapidly since this year. Even if the performance of some companies has recovered rapidly, the impact of AI is not obvious, and it is still impossible to stop the Nasdaq Technology Market Value Weighted Index, a representative index of leading technology, from reaching a new high.
5. At this stage, the focus of the market is still on the beginning of the Fed's interest rate cut cycle, and the implementation and spread of AI heavyweight applications will also further affect the performance of technology leaders and once again help the US technology stock related indices to rise.
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The National ETF Simulated Investment Elite Challenge is in full swing, and the competition has entered the sprint stage. The competition was guided by the Shenzhen Stock Exchange and co-hosted by 13 institutions including Oriental Wealth, Wells Fargo Fund, Dongcai Fund, Yifangda Fund, Huaxia Fund, Tianhong Fund, Southern Fund, Penghua Fund, ICBC Credit Suisse Fund, Harvest Fund, Huaan Fund, Jingshun Great Wall Fund, and Huabao Fund.
The overall schedule is nearly three months, and the competition period is from October 16 to December 29, 2023. After this competition is over, the organizers will host a competition award ceremony to reward outstanding contestants and respond to active support from all sectors of society for the competition.
Investors interested in this competition can learn more about the competition through the “Shenzhen Fund” official account.
Disclaimer: This article does not constitute any investment advice. Investors should not replace their independent judgments with such information or make decisions based solely on such information, and this article does not bear any responsibility for losses arising from the use of this information.
