CPU returns to the core of AI! Who are the big winners?
E Fund AI ETF's tracked index has been refreshed and upgraded. What changes were made this time?
对于关注人工智能（AI）的投资者来说，如何用一个工具布局全球AI龙头，始终是道难题。2026年3月23日，易方达AI ETF（3489.HK） $E Fund (HK) FTSE AI Select Index ETF (03489.HK)$The tracked "FTSE Customized Global Artificial Intelligence Selected Index" has completed a comprehensive upgrade of its compilation plan. What exactly has changed in this optimization? What does it mean for ordinary investors?
1. From "Looking at History" to "Looking at the Future": An Upgrade in Weighting Methods
The old plan uses the traditional free float market capitalization weighting, simply put, it isThe larger the market value, the higher the weight.The downside of this approach is that it tends to lag—by the time a company's market cap becomes large enough, the fastest growth phase has often already been missed.
The new scheme introduces “Growth Factor Adjustment”, incorporating forecasted earnings per share (EPS) and revenue forecasts into the weighting calculations. In other words, the index no longer just looks at how “big a company is now,” but also considers how “big it can grow in the future.”
For investors,In fast-iterating industries like AI, this allows for earlier and more timely identification of companies with sustained growth potential, avoiding missed structural opportunities due to waiting for market capitalization to rise before inclusion.
![For investors focused on artificial intelligence (AI), finding a tool to gain exposure to global AI leaders has always been a challenge. On March 23, 2026, the E Fund AI ETF ([Share Link: 3489.HK]） $E Fund (HK) FTSE AI Select Index ETF (03489.HK)$ which tracks the 'FTSE Custom Global Artificial Intelligence Select Index,' completed a comprehensive upgrade of its compilation methodology. What exactly was optimized in this update? And what does it mean for ordinary investors? 1. From 'looking at the past' to 'looking at the future': An upgrade in weighting methodology The old methodology used traditional free-float market capitalization weighting, which simply means,the larger the market cap, the higher the weight.A drawback of this approach is that it tends to lag—by the time a company’s market cap becomes large enough, the fastest growth phase may already have been missed. The new methodology introduces a 'growth factor adjustment'In the weight calculation, it has been added.Earnings Per Share (EPS) forecast and revenue forecastIn other words, the index no longer only considers how big a company "is right now," but also how big it "can grow in the future." For investors,In the rapidly evolving field of AI technology, being able to identify companies with sustainable growth potential earlier and more promptly can help avoid missing structural opportunities by waiting for their market value to rise before including them. 数据来源：富时，截至2026/3/...](https://nnqimage.futunn.com/sns_client_feed/7058831/20260330/web-1774833526578-HLyYiOwfpk.png/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Data source: FTSE, as of 2026/3/16.
II. Top Ten Constituents: Stronger Computing Power, More Balanced Allocation
After the adjustment, significant changes occurred in the top ten constituents:
This structure not only captures the main theme of global AI infrastructure development but also leverages China's unique advantages in AI application implementation, avoiding the limitations of a single market.
![For investors focused on artificial intelligence (AI), finding a tool to gain exposure to global AI leaders has always been a challenge. On March 23, 2026, the E Fund AI ETF ([Share Link: 3489.HK]） $E Fund (HK) FTSE AI Select Index ETF (03489.HK)$ which tracks the 'FTSE Custom Global Artificial Intelligence Select Index,' completed a comprehensive upgrade of its compilation methodology. What exactly was optimized in this update? And what does it mean for ordinary investors? 1. From 'looking at the past' to 'looking at the future': An upgrade in weighting methodology The old methodology used traditional free-float market capitalization weighting, which simply means,the larger the market cap, the higher the weight.A drawback of this approach is that it tends to lag—by the time a company’s market cap becomes large enough, the fastest growth phase may already have been missed. The new methodology introduces a 'growth factor adjustment'In the weight calculation, it has been added.Earnings Per Share (EPS) forecast and revenue forecastIn other words, the index no longer only considers how big a company "is right now," but also how big it "can grow in the future." For investors,In the rapidly evolving field of AI technology, being able to identify companies with sustainable growth potential earlier and more promptly can help avoid missing structural opportunities by waiting for their market value to rise before including them. 数据来源：富时，截至2026/3/...](https://nnqimage.futunn.com/sns_client_feed/7058831/20260330/web-1774833553679-6UK4xLgUNS.png/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Data source: Bloomberg, FTSE, top ten data before adaptation as of 2026/3/16, top ten data after adaptation as of 2026/3/23.
3、Industry Distribution: From 'Keyword Screening' to 'Industry Chain Breakdown'
Previous index compilation relied on keyword screening such as 'artificial intelligence.' The new approach breaks down the AI industry chain intochips, infrastructure, models, and applicationsfour core segments, carefully evaluating the AI purity of each target.
The adjusted index covers:
This structure allows the index to fully benefit from every stage of AI development, from infrastructure to application explosion.
Index coverage spans all segments of the AI industry (by weight)
![For investors focused on artificial intelligence (AI), finding a tool to gain exposure to global AI leaders has always been a challenge. On March 23, 2026, the E Fund AI ETF ([Share Link: 3489.HK]） $E Fund (HK) FTSE AI Select Index ETF (03489.HK)$ which tracks the 'FTSE Custom Global Artificial Intelligence Select Index,' completed a comprehensive upgrade of its compilation methodology. What exactly was optimized in this update? And what does it mean for ordinary investors? 1. From 'looking at the past' to 'looking at the future': An upgrade in weighting methodology The old methodology used traditional free-float market capitalization weighting, which simply means,the larger the market cap, the higher the weight.A drawback of this approach is that it tends to lag—by the time a company’s market cap becomes large enough, the fastest growth phase may already have been missed. The new methodology introduces a 'growth factor adjustment'In the weight calculation, it has been added.Earnings Per Share (EPS) forecast and revenue forecastIn other words, the index no longer only considers how big a company "is right now," but also how big it "can grow in the future." For investors,In the rapidly evolving field of AI technology, being able to identify companies with sustainable growth potential earlier and more promptly can help avoid missing structural opportunities by waiting for their market value to rise before including them. 数据来源：富时，截至2026/3/...](https://nnqimage.futunn.com/sns_client_feed/7058831/20260330/web-1774833588735-mWrad1jjlE.png/big?area=2&is_public=true&imageMogr2/ignore-error/1/format/webp)
Data source: FTSE, as of 2026/1/30.
Summary: This is an upgrade that understands AI better
The FTSE Custom Global AI Select Index selects 50 stocks of companies listed in Hong Kong and the United States whose main businesses involve AI computing power, algorithms, data, and applications. It adopts a free-float market capitalization weighting adjusted by growth factors, ensuring the constituent stocks have better growth potential and liquidity.
For ordinary investors, the upgraded index means that the E Fund AI ETF is no longer just a tool for 'packaging AI companies' but a more precise and forward-looking global AI allocation solution.
[Important Information] The issuer of this content is E Fund Asset Management (Hong Kong) Co., Limited. This content does not constitute an invitation or recommendation to invest in fund units. Investment involves risks, and fund prices may go up or down. Before investing, investors should carefully read the investment risks related to the fund in the fund prospectus (including the 'Risk Factors' section). This content has not been reviewed by the Securities and Futures Commission of Hong Kong. For detailed important notices and disclaimers regarding the above funds, please visit the E Fund Asset Management (Hong Kong) Co., Limited website:https://www.efunds.com.hk/sc/products/48/important/
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