Funds continue to increase positions at low valuations! The Tianhong (589070) SSE STAR Chip Design ETF's underlying index has risen over 2%, with valuations below 99% of the time in the past three years

The Tianhong SSE STAR Chip Design Thematic ETF (589070) has performed strongly recently, with the underlying index rising over 2.73% and a net inflow of funds reaching 105 million yuan, growing its scale to 623 million yuan year-to-date. The index closely tracked by this ETF has increased by 46.12% over the past year, and the current valuation is at a near three-year low, offering strong cost-effectiveness. The market share of domestic GPUs is gradually increasing, and the National Integrated Circuit Industry Investment Fund supports the high-end chip design sector, promoting industry development