As of 09:45 on April 11, 2025, the SSE Science and Technology Innovation Board 100 Index (000698) rose 1.67% strongly, the constituent stocks Siruipu (688536) rose 19.55%, Jewalt (688141) rose 13.57%, NOVOSENSE Micro (688052) rose 12.03%, Huafeng Measurement and Control (688200), Yirui Technology (688301) and other stocks followed suit. The STAR 100 ETF Enhanced Index Fund (588680) rose 1.36%, hitting 4 consecutive gains. In the long run, as of April 10, 2025, the Science and Technology Innovation 100 ETF Enhanced Index Fund has risen by 10.51% in the past three months, ranking first among comparable funds.

As of April 10, the net value of the Kechuang 100 ETF Enhanced Index Fund has increased by 7.20% in the past six months, ranking first among comparable funds. As of April 10, 2025, the annualized return of the STAR 100 ETF Enhanced Index Fund in the past 6 months exceeded the benchmark by 11.03%, ranking first among comparable funds.

The STAR 100 ETF Enhanced Index Fund closely tracks the SSE STAR Market 100 Index, which selects 100 securities with medium market capitalization and good liquidity from the SSE STAR Market as a sample. The SSE STAR Market 100 Index and the SSE STAR Market 50 Component Index together constitute the SSE STAR Market Scale Index Series, which reflects the overall performance of securities of listed companies with different market capitalizations in the SSE STAR Market.

Some institutions believe that under the background of tariffs, the semiconductor industry accounts for about 32% of the Science and Technology Innovation 100 Index, and related technology companies are expected to benefit from the growth of domestic substitution orders. In addition, the National Integrated Circuit Industry Fund (Big Fund) continues to inject funds into semiconductors, AI and other fields, which is directly beneficial to the 100 constituent stocks of science and technology.

The STAR 100 Index belongs to more than 50% of "specialized, special and new" enterprises, bringing together the main forces of scientific and technological innovation. In terms of the performance of heavyweight stocks, BeiGene, a heavyweight stock of Kechuang 100, achieved revenue of 27.214 billion yuan in 2024, a year-on-year increase of 56.2%.

Guotai Haitong said that on the one hand, the comprehensive layout, unbiased characterization, and the characteristics of reflecting the fundamentals of the Science and Technology Innovation Board make the Science and Technology Innovation Composite Index convenient for product tracking and the overall layout of investors on the Science and Technology Innovation Board, helping investors grasp the overall growth opportunities of the board. On the other hand, this feature also makes the Science and Technology Innovation Composite Index more in line with the objective law of the development of the science and technology industry, and is expected to become a representative index of derivatives in the science and technology innovation sector, and play a "compass" role in the development of the science and technology innovation board market. Compared with the weighted stock index, the composite index can better reflect the overall performance of the whole market, and when the weighted stock index is underperforming, the composite index can better capture the beta return of the overall market situation.