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牛牛ETF研究所 Female ID: 999989
從美股、港股到全球市場,拆解熱門ETF、行業主題與資產配置,陪你看懂一籃子股票背後到底買了甚麼。
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    Tensions between the US and Iran have escalated again, pushing oil prices and bond yields higher in tandem. The main trading theme in global markets has shifted from "chasing growth" back to "risk mitigation."
    As of September 2, Brent crude rose to around $95, hitting a high of over one month; the yield on the US 10-year Treasury note briefly climbed to approximately 4.81%, approaching a three-year high. Asian stock markets were generally under pressure, and gold failed to benefit from traditional safe-haven demand, instead falling to a three-week low amid a stronger US dollar and rising real interest rates. The market's current primary concern isGeopolitical conflicts driving up oil prices → renewed inflationary pressures → the Fed needing to maintain tighter monetary policythis chain of events.
    For investors, this round of "risk mitigation" does not simply mean buying gold. Different risks require different ETF strategies.
    If oil prices continue to rise? The most direct option is crude oil ETFs; for stability, consider energy stocks.
    The source of market pressure in this round remains energy.
    Renewed clashes between the US and Iran, coupled with market concerns over supply risks in the Strait of Hormuz, have pushed Brent crude prices to a five-week high. As long as the conflict does not significantly cool down, the geopolitical risk premium on crude oil is unlikely to disappear completely in the short term.
    If you wishto directly track oil price fluctuations,US stock investors can consider $United States Oil Fund LP (USO.US)$ $United Sts Brent Oil Fd Lp Unit (BNO.US)$ ; Hong Kong stocks also offer $Samsung S&P GSCI Crude Oil ER (03175.HK)$. Among these, USO primarily gains crude oil exposure through WTI futures, while 3175.HK is also a futures-based ETF. The fund's price...
    ETF Battle | Risk-Off Sentiment Heats Up! How to Choose Defensive ETFs?
    ETF Battle | Risk-Off Sentiment Heats Up! How to Choose Defensive ETFs?
    ETF Battle | Risk-Off Sentiment Heats Up! How to Choose Defensive ETFs?
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    Recently, $Bitcoin (BTC.CC)$ A sharp rebound has occurred, bringing the sector back into the market spotlight. As coin prices recover, capital is beginning to flow from Bitcoin into other mainstream crypto assets like ETH and SOL. Shares of certain trading platforms, mining companies, and data center providers have also risen on the coattails of this trend.
    Whenever the crypto market heats up, investors often face several questions: If you want to chase BTC, should you buy a spot ETF or a leveraged ETF? If you are bullish on ETH's long-term prospects, should you choose products that offer staking yields? If you prefer not to hold cryptocurrencies directly, does buying Coinbase or mining company ETFs equate to buying the coins themselves?
    For investors who primarily trade Hong Kong and US stocks and are unfamiliar with crypto wallets, ETFs have become a relatively straightforward way to gain exposure.
    However, questions inevitably arise:Even though their names all relate to crypto, different ETFs may generate returns from completely different sources.
    Some ETFs hold BTC or ETH directly, while others hold exchanges, mining firms, and blockchain companies. Some products incorporate staking, while others use options or leverage to amplify returns. Their risk profiles, sources of return, and suitable holding periods all differ.
    Therefore, when selecting a crypto ETF, the first step is not to pick a ticker symbol, but to ask yourself:Do you want to track coin prices, earn staking yields, or bet on the growth of the entire crypto industry chain?
    Want to directly track B...
    ETF Battle Guide | BTC and crypto-related stocks are rallying in rotation. How should you choose an ETF to participate?
    ETF Battle Guide | BTC and crypto-related stocks are rallying in rotation. How should you choose an ETF to participate?
    ETF Battle Guide | BTC and crypto-related stocks are rallying in rotation. How should you choose an ETF to participate?
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    Worried about overpaying when trading 7709? You can now check the real-time premium directly during market hours.
    With recent volatility in memory chip stocks, SK Hynix remains highly volatile, $CSOP SK Hynix Daily Max (2x) Leveraged Product (07709.HK)$and has become a trading instrument of interest to many short-term investors.
    However, when trading ETFs in the short term, one crucial aspect is often overlooked:Getting the direction right doesn't guarantee a reasonable entry price.
    In addition to the market trading price, ETFs also have an indicative net asset value (iNAV). When trading activity suddenly heats up, a divergence may occur between the two.
    For example, if 7709 surges suddenly, besides checking how much SK Hynix itself has risen, you should also monitor: Is 7709 currently trading at a high premium?
    This is particularly important for leveraged ETFs and short-term trading, where even a few percentage points of price deviation can directly impact your entry and exit strategies.
    Futubull launches real-time premium feature for CSOP ETFs
    Now, Futubull hasall @南方東英資產管理ETFs enabled with the real-time premium feature (please update to the latest version of the app/desktop client).
    Fellow investors can directly compare during trading hours:
    Current ETF trading price vs. Real-time Indicative Net Asset Value (iNAV)
    Quickly understand whether the product is currently trading at a premium or discount, and the magnitude of the deviation.
    This is currently an exclusive feature available only on our platform.
    Many fellow investors may have noticed that Futubull already provides "premium" data. How do they differ?
    The existing "premium" data uses figures from the previous trading day published by the HKEX, making it more suitable for historical reference;
    And...
    Exclusive Platform-Wide Feature | CSOP ETF Real-Time Premium Function Now Live
    Exclusive Platform-Wide Feature | CSOP ETF Real-Time Premium Function Now Live
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    $NVIDIA (NVDA.US)$ The latest earnings report once again delivered impressive results: quarterly revenue reached $96.2 billion, a 106% year-over-year increase, with data center revenue hitting $89 billion. The company also raised its next-quarter revenue guidance to approximately $108 billion and projected a 70% revenue growth rate for the next fiscal year.
    However, strong earnings do not guarantee that the stock price will only rise. After the earnings announcement, NVDA's share price initially fell, then turned higher during the conference call, with after-hours gains approaching 5% at one point. This reflects continued market optimism about AI demand, but also highlights significant short-term divergence amidst high expectations.
    For investors looking to bet on NVIDIA, buying NVDA directly is no longer the only option. The market now offers various leveraged, inverse, and income-generating ETFs linked to NVDA.
    The question is:Even though they are all linked to NVIDIA, different ETFs can have completely different trading strategies.
    What are the main options for ETFs linked to NVIDIA?
    The first category consists of the more familiarleveraged long ETFs。
    For example, $GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$ $Direxion Daily NVDA Bull 2X Shares (NVDU.US)$ and $T-Rex 2X Long Nvidia Daily Target ETF (NVDX.US)$ , the goal is to deliver approximately twice the performance of NVDA.dailySimply put, if NVDA rises by 5% on a given day, these E...
    ETF Battle | Want to bet on NVIDIA after its earnings? How to choose among so many linked ETFs?
    ETF Battle | Want to bet on NVIDIA after its earnings? How to choose among so many linked ETFs?
    ETF Battle | Want to bet on NVIDIA after its earnings? How to choose among so many linked ETFs?
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    If you're looking to invest in AI, semiconductors, healthcare, or robotics, a quick search will often yield several related ETFs.
    Here comes the question:With names that look so similar, which one should you actually pick?
    Many investors immediately compare "which one has risen the most" or simply choose the largest fund by AUM. However, the most critical differences among thematic ETFs are often hidden behind their names—What exactly are they holding?
    Even among funds all labeled as "AI ETFs," one might have heavy positions in chip leaders, another may lean towards software and AI applications, while a third could include a significant number of robotics and industrial automation companies. As market sentiment shifts across different sub-sectors, the performance of these ETFs can diverge significantly.
    Therefore, when selecting a thematic ETF, the first step isn't to compare returns, but to clarify:What do you truly want to invest in?
    01 | The first step isn't picking an ETF, but rather clarifying what you actually want to buy.
    For example, you may be bullish on "AI," but AI itself is already a very broad concept.
    If you are most bullish on companies like NVIDIA, Broadcom, and AMD, what you really want to buy might beAI chips and semiconductors.。
    If you believe the biggest opportunities in the coming years will come from the continuous expansion of AI data centers, you may be more interested inAI infrastructure sectors such as data centers, optical communications, and power equipment.。
    If you believe that hardware investments must ultimately translate into applications and revenue, then what you truly want to invest in might beAI software, cloud services, and SaaS companies.。
    Further Reading: ETF Battle | AI Stages a Strong Rebound! How to Choose ETFs for Memory, Optical Communications, Cloud, Software, and Cybersecurity
    ...
    ETF Investment Guide | When multiple ETFs cover the same theme, how should you choose?
    ETF Investment Guide | When multiple ETFs cover the same theme, how should you choose?
    ETF Investment Guide | When multiple ETFs cover the same theme, how should you choose?
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    If you've been following the AI market recently, you may have encountered a seemingly strange situation:
    NVIDIA has clearly performed well, so why did your AI ETF only rise slightly, or even fail to keep pace?
    Or perhaps two ETFs both labeled "AI" show divergent performance, with one rising significantly while the other remains flat.
    What exactly is the issue?
    In the previous installment"ETF Investment Guide", we explained that an ETF can be understood as an "investment basket": instead of concentrating on a single company, you can hold a basket of related stocks through an ETF.
    But when it comes to actually buying ETFs, you need to take one more step and ask:What exactly is in this basket? What is the weighting of each stock?
    These two factors are often the key to the divergent performance of ETFs.
    Recently, AI trading has become less focused solely on NVIDIA. Market capital is spreading further from GPU chips to cloud platforms, AI software, networking equipment, storage, and even robotics. Institutions are also starting to place greater emphasis on which companies in the AI industry can ultimately convert their investments into revenue and profits.
    Therefore, ETFs both labeled "AI" may actually be investing in completely different assets.
    A 10% rise in NVIDIA does not mean an AI ETF will also rise by 10%.
    Let's start with the simplest example to understand this.
    Suppose there are two ETFs in the market:
    - ETF A: NVIDIA accounts for 20%
    - ETF B: NVIDIA accounts for 3%
    If one day Yingwei...
    ETF Investment Guide | NVIDIA Surges, But Why Isn't Your AI ETF Keeping Up? The Issue May Lie in These 4 Areas
    ETF Investment Guide | NVIDIA Surges, But Why Isn't Your AI ETF Keeping Up? The Issue May Lie in These 4 Areas
    ETF Investment Guide | NVIDIA Surges, But Why Isn't Your AI ETF Keeping Up? The Issue May Lie in These 4 Areas
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    In recent years, global financial markets have been volatile and unpredictable. If you’ve been keeping an eye on financial news, you may have noticed an interesting phenomenon:Gold has been rising steadily, demonstrating considerable resilience.
    Particularly recently, the gold sector has attracted significant attention. As of the Hong Kong stock market close on August 20, 2026, the gold concept stocks segment in the HK market recorded solid gains, with an overall increase of 6.74% for the day. Among them, Zijin Gold International (02259.HK) rose 24.10% over the past 20 days, while Tongguan Gold (00340.HK) saw a 44.98% increase over the same period, with many gold stocks rising collectively.
    Faced with this trend, many investors are wondering: Is now a good time to allocate to gold? With limited budgets, how can ordinary employees steadily get a share of the pie, just like multinational institutions? In this article, we will break down the underlying logic behind the rise in gold prices and introduce how you can easily "ride the wave" through Gold ETFs with a threshold as low as around HK$2,000!
    1. Behind the Quiet Rise in Gold: The Global Central Banks' Frenzied "Gold Rush"
    Why has the gold price maintained a steady upward trend without the stimulus of explosive news? The core driver comes from the "quiet stockpiling" by global official institutions—namely, central banks of various countries.
    According to data released by the World Gold Council (WGC), global central banks' demand for gold reserves has remained at historic highs in recent years. In the first quarter of 2026 alone...
    Central banks are quietly stockpiling gold—how can you follow suit? Start with as little as HK$2,000! A closer look at 3 popular HKD-denominated Gold ETFs.
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    Over the past month or so, if you’ve been keeping an eye on US tech stocks, you may have already experienced what it’s like to ride a "roller coaster."
    In July, the market grew concerned about returns on AI capital expenditures and overvalued tech stocks, leading to a rapid correction in the semiconductor sector. The Philadelphia Semiconductor Index fell more than 20% from its June highs at one point. However, entering August, AI-related trades clearly recovered, with storage and chips regaining strength. Stocks like Micron and SanDisk have once again become the market's focus.
    Market enthusiasm for AI has not faded, but capital is rotating quickly among different areas such as chips, storage, and cloud computing.
    For fellow investors just starting out, a very practical question arises:I’m bullish on AI, but should I buy NVIDIA, Micron, or SanDisk? What if I get the industry right but pick the wrong stock?
    Actually, besides picking individual stocks yourself, there is another simpler way to participate—ETFs.
    This is also the key issue we want to clarify in the first installment of the "ETF Investment Guide":What exactly is an ETF? How does buying a "basket of stocks" differ from concentrating on a single stock?
    What is an ETF? First, think of it as a "basket of assets."
    No need to memorize complex definitions for now.
    You can simply understand an ETF as:
    Putting many stocks or other assets into a "basket," and then trading the entire basket on an exchange.
    ETF stands for Exchange Traded Fund, which meansExchange Traded Fund. Many ETFs will...
    ETF Investment Guide | Tech Stocks Swing Wildly: Is Buying a "Basket" More Stable?
    ETF Investment Guide | Tech Stocks Swing Wildly: Is Buying a "Basket" More Stable?
    ETF Investment Guide | Tech Stocks Swing Wildly: Is Buying a "Basket" More Stable?
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    On August 5 at 15:00, NiuNiu specially invited @南方东英资产管理Chief Investment Officer Wang Yi to join the [NiuNiu ETF Lounge]live stream, delivering an exclusive in-depth analysis on AI dividends and storage opportunities for fellow investors.
    Below are answers to questions about the adjustment— $CSOP SK Hynix Daily Max (2x) Leveraged Product (07709.HK)$ effective August 3—to 'maximum 2x leverage per day' that many investors are particularly interested in:
    Q: $CSOP SK Hynix Daily Max (2x) Leveraged Product (07709.HK)$What does the adjustment to 'maximum 2x leverage per day' effective August 3 mean?
    A:The market and investors are highly concerned about this.We issued the announcement because the Securities and Futures Commission of Hong Kong introduced new regulatory rules on July 24, prompting us to update the relevant leveraged and inverse products accordingly.
    Only whenUnder extreme market conditions(e.g., when product scale becomes extremely large, making trading volume or size difficult to track), the so-called 'flexible leverage' mechanism would be triggered, as clearly stated in the announcement.
    But frankly speaking, our product scale once reached approximately HK$130 billion, and even then we didn’t encounter such bottlenecks. Therefore,We are still tracking twice the daily performance.。
    Everyone certainly hopes the product offers consistency—understanding that if it’s 2x, it stays 2x without needing to check every day. Of course, we do this every day...
    Livestream Replay | 07709 Adjusted to 'Maximum 2x Daily Leverage'—What Does This Mean? CSOP Asset Management's Chief Investment Officer Answers Your Questions!
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    As July draws to a close, the memory storage sector has begun sounding a counterattack—but remains locked in volatile back-and-forth trading.
    Currently, the market’s focal point centers squarely on validation of AI-related capital expenditures, shifts in global supply-demand dynamics, and the latest moves by tech giants.
    After the sharp sell-off, has the core investment thesis for the storage sector changed? What risks and contrarian opportunities are hidden in this market volatility?
    Given current market conditions, Niuniu specially invited @南方东英资产管理Chief Investment Officer Wang Yi in our live session, offering fellow investors exclusive, in-depth insights! Join us as we cut through the noise, uncover the truth behind recent market moves, and identify strategic opportunities in this turbulent market.
    This session was packed with insights—we’ve distilled the key takeaways for you:
    [Live Stream Highlights Summary]
    Live Stream Topic: Investment Opportunities at the AI Bottleneck and in Asia’s Storage Industry
    Guest: @南方东英资产管理Chief Investment Officer Wang Yi
    Host: Senior Tech Stock Influencer from Niuniu Circle @桃桃淘金币
    1. What is the situation regarding the leverage adjustment of 7709?
    Q: Starting August 3, 7709 will be adjusted to 'maximum 2x daily leverage'—what does this mean?
    A:The market and investors are highly concerned about this.We issued the announcement because the Securities and Futures Commission of Hong Kong introduced new regulatory rules on July 24, prompting us to update the relevant leveraged and inverse products accordingly.
    Only whenUnder extreme market conditions(For example, the product size has become extremely large, making trading volume or scale difficult to track)...
    Live Stream Highlights | Is the AI Dividend Still Alive? CIO of CSOP Asset Management Explores New Opportunities in the Storage Industry!
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