On January 5, A-shares opened high and ushered in a good start in 2026. The Shanghai Index returned above 4,000 points and recorded 12 consecutive days. Driven by market conditions, the GEM 50 ETF closed up 2.89% to 1.566 yuan, with a turnover rate of 8.09% and a turnover of 2,524 billion yuan, ranking first among similar ETF standards. In terms of capital, from the end of 2025 to the beginning of 2026, the GEM 50 ETF continued to receive net capital inflows, exceeding 4.3 billion yuan in the past 20 trading days. This trend fully reflects the continued optimism of institutional and individual investors on the technological growth circuit. Li Qiusuo, chief domestic strategy analyst at CICC's research department, said that in 2026, two major factors, the restructuring of the international order and China's industrial innovation, will support A-share performance. In terms of rhythm, the market may show stability before and after. Against the backdrop of active capital and rising valuations, we can focus on increasing volatility and matching the fundamentals. The market style is expected to be balanced, and we can focus on the three main lines. Bao Chengchao of the League of Nations Minsheng Securities pointed out that with traditional growth momentum and emerging industries, market profits will continue to recover in 2026, liquidity will also maintain an easing trend, and the core driving force of the market may shift from valuation-driven to profit-driven. In terms of thematic opportunities, the market and policies are paying more and more attention to new types of productivity. In addition to artificial intelligence, domestic policies in 2026 are bound to cover more emerging industries and will also bring more investment opportunities to the market. Chen Guo, chief strategy analyst at Orient Wealth Securities, said that although the market may fluctuate in 2026, there is still a bull market, and the overall strategy can be summed up as “running for bulls.” In terms of configuration, it is recommended to grasp the two major aspects with high current certainty: one is the AI growth sector, and the other is the cyclical sector that benefits from the recovery in commodity prices. The GEM 50 ETF was established on June 30, 2016. The GEM 50 Index yield is the comparative benchmark. The fund manager is Xu Zhiyan. The return in the past 5 years was 22.07%, the return in the past 3 years was 48.12%, and the return in the past 2 years was 93.36%, all outperforming the performance comparison benchmark for the same period. Investors can directly trade the GEM 50 ETF through a stock account or participate in investments through its linked funds.

On January 5, A-shares opened high and ushered in a good start in 2026. The Shanghai Index returned above 4,000 points and recorded 12 consecutive days. Driven by market conditions, the GEM 50 ETF closed up 2.89% to 1.566 yuan, with a turnover rate of 8.09% and a turnover of 2,524 billion yuan, ranking first among similar ETF standards. In terms of capital, from the end of 2025 to the beginning of 2026, the GEM 50 ETF continued to receive net capital inflows, exceeding 4.3 billion yuan in the past 20 trading days. This trend fully reflects the continued optimism of institutional and individual investors on the technological growth circuit. Li Qiusuo, chief domestic strategy analyst at CICC's research department, said that in 2026, two major factors, the restructuring of the international order and China's industrial innovation, will support A-share performance. In terms of rhythm, the market may show stability before and after. Against the backdrop of active capital and rising valuations, we can focus on increasing volatility and matching the fundamentals. The market style is expected to be balanced, and we can focus on the three main lines. Bao Chengchao of the League of Nations Minsheng Securities pointed out that with traditional growth momentum and emerging industries, market profits will continue to recover in 2026, liquidity will also maintain an easing trend, and the core driving force of the market may shift from valuation-driven to profit-driven. In terms of thematic opportunities, the market and policies are paying more and more attention to new types of productivity. In addition to artificial intelligence, domestic policies in 2026 are bound to cover more emerging industries and will also bring more investment opportunities to the market. Chen Guo, chief strategy analyst at Orient Wealth Securities, said that although the market may fluctuate in 2026, there is still a bull market, and the overall strategy can be summed up as “running for bulls.” In terms of configuration, it is recommended to grasp the two major aspects with high current certainty: one is the AI growth sector, and the other is the cyclical sector that benefits from the recovery in commodity prices. The GEM 50 ETF was established on June 30, 2016. The GEM 50 Index yield is the comparative benchmark. The fund manager is Xu Zhiyan. The return in the past 5 years was 22.07%, the return in the past 3 years was 48.12%, and the return in the past 2 years was 93.36%, all outperforming the performance comparison benchmark for the same period. Investors can directly trade the GEM 50 ETF through a stock account or participate in investments through its linked funds.