
Low valuation pullback brings configuration opportunities! The thematic index valuation of Tianhong SSE STAR Chip Design ETF (589070) is below 99% of the time since its launch

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The Tianhong SSE STAR Chip Design ETF (589070) has a target index valuation below 99% of the time, with a current PE-TTM of 173.09 times. The phase valuation pressure has been released, making it suitable for long-term investors' allocation. Recently, this ETF saw a net inflow of 121 million yuan, increasing its scale to 623 million yuan, becoming the leader among similar funds. In the market, the chip design concept has declined, with related companies such as Novosense and Biwin also experiencing declines. Within the semiconductor industry, several IC design manufacturers have issued price increase notices, and Huawei has released AI inference chips equipped with self-developed processors

