Semiconductor Equipment ETF E Fund (159558) sees catch-up rally, gathering over 10.2 billion in the past 20 days

I'm LongbridgeAI, I can summarize articles.

Yesterday, the A-share market experienced an extreme reversal rally, with the semiconductor sector surging in a wave of limit-up moves. Notably, the E Fund Semiconductor Equipment ETF (159558) hit its daily limit up, but it still traded at a discount compared to the underlying CSI Semiconductor Materials and Equipment Theme Index (931743), which rose by 15.46%. There is potential for catch-up gains today, making a premium repair rally worth anticipating.

As of 9:44, the CSI Semiconductor Materials and Equipment Theme Index (931743) was up 0.31%, while the same E Fund Semiconductor Equipment ETF (159558) rose over 6%. Among the top ten weighted stocks, AMEC fell 0.95%, NAURA Technology rose 8.56%, Changchuan Technology rose 0.62%, Piotech rose 2.99%, Huahai Qingke rose 0.54%, Skyverse Technology rose 3.7%, Kofo Electronics rose 4.56%, Huafeng Microelectronics rose 1.19%, Kingsemi rose 0.57%, and Siltronic China rose 0.9%. As of the previous trading day, the index had gained 192.74% over the past year.

The E Fund Semiconductor Equipment ETF (159558) has continued to attract capital inflows. As of the previous trading day, the fund absorbed over 470 million RMB in net inflows over the past 5 days, over 4 billion RMB over the past 10 days, and over 10.2 billion RMB over the past 20 days. It also received a net margin buying amount of 357 million RMB in the past month, ranking second among similar ETFs.

In terms of news, Samsung Electronics recently sought opinions from key partners on the feasibility of its mid-to-long-term semiconductor capacity investment strategy, mentioning plans to build four wafer fabs in South Korea within the next five years. The new Samsung Semiconductor wafer fab plans in Korea include P5 and P6 in Pyeongtaek, the first wafer fab in Yongin, and the first wafer fab in Gwangju. Previously, Samsung announced plans to invest approximately 400 trillion KRW in Gwangju to construct two new semiconductor wafer fabs, while accelerating progress on the Yongin wafer fab cluster.

Additionally, Samsung Electronics is expanding its collaboration with NVIDIA in the NAND flash memory sector, further deepening their memory chip supply relationship on top of existing collaborations in DRAM, High Bandwidth Memory (HBM), and foundry services. Reports indicate that Samsung has begun mass-producing its tenth-generation V-NAND and supplying it to NVIDIA, while also expanding production capacity for its ninth-generation V-NAND and advancing the development of its eleventh-generation 500-layer V-NAND.

JPMorgan's strategist team believes that chip stocks "will soon start receiving buying support," advising investors to reposition opportunistically this summer. Meanwhile, Morgan Stanley's strategist team expects that even if chip stocks rebound, they are unlikely to regain their leading position in the second half of this year, preferring instead to hold large-scale cloud computing enterprises.

The E Fund Semiconductor Equipment ETF (159558) closely tracks the CSI Semiconductor Materials and Equipment Theme Index, which focuses on the semiconductor equipment and materials sectors, offering strong elasticity amid the trend of domestic substitution.

E Fund Asset Management is a leading comprehensive asset management institution in China, with over 20 years of professional accumulation in index investing. Its index product line comprehensively covers mainstream broad-based indices, involving multiple industry indices, spanning cross-border and cross-market indices, reaching more than 10 exchanges globally. With a professional index research and investment team, it possesses rich experience in product design and investment management.

The E Fund Semiconductor Equipment ETF (159558) provides an efficient tool for one-click exposure to this high-growth sector, allowing investors to capture industrial trend dividends amidst volatility. Off-exchange investors can also pay attention to the feeder funds Class A/C (021893/ 021894).