The underlying index of the AI ETF E Fund (159819) rose over 3%

On May 6th, the market got off to a good start. As of 14:01, the ChiNext Index rose 2.97%, hitting 3800 points intraday and reaching a new stage high.

The E Fund ChiNext ETF (159915) tracks the ChiNext Index. As of press time, the trading volume exceeded 6.6 billion, already surpassing the full-day level of the previous trading day; the fund attracted over 130 million in the previous trading day.

During the "May Day" holiday, overseas technology sectors continued to rise. Boosted by this, the storage chip and AI computing power concepts in the ChiNext Index surged significantly. Jiangbolong hit a 20cm limit-up, while Beijing Junzheng, Ruijie Networks, and Xiechuang Data rose over 10%.

CITIC Securities analysis pointed out that high prosperity is driving a synchronized surge in global tech stocks. Investor sentiment has entered a high zone, and global high prosperity further solidifies technology as the core main theme of the current market. Geopolitical tensions have intensified again, with limited short-term disturbances.

Another major weight sector in the ChiNext Index—the new energy concept—performed strongly. CATL rose over 6% to set another historical high, Eve Energy rose over 3%, and Sungrow Power rose over 2%.

Changjiang Securities stated that lithium battery demand maintained high prosperity in May, and supply-demand mismatch is clearly driving the upward trend of lithium prices. The industry may return to a destocking channel. In the long term, against the backdrop of accelerating global energy transition and rising supply chain security demands, lithium, as a strategic energy metal with supply-demand logic independent of the macroeconomic cycle, shows significant fundamental strength, and a price breakthrough above previous highs is expected. Meanwhile, repeated geopolitical tensions in the Middle East continue to catalyze energy storage demand. Coupled with the resonance of domestic independent storage capacity release and overseas installation rush, it supports the sector's beta rally.

The ChiNext Index tracked by the E Fund ChiNext ETF (159915) has its top ten weighted stocks covering leading companies such as CATL, Zhongji Innolight, New Eoptics, East Money, Sungrow Power, Shenghong Technology, and TFC Optical Communication, with a combined weight of nearly 60%, highly focused on emerging growth fields like new energy, communications, and semiconductors. The index has a distinct growth style and is a representative tool for investing in Chinese innovative enterprises.

The E Fund ChiNext ETF (159915) continues E Fund's low-fee brand philosophy, with management fee + custody fee at a relatively low industry level of 20BP/year.