#美股芯片股全线大涨 Storage chips surge— which thematic funds stand to benefit most?
In overnight U.S. trading, storage chips became the brightest spot on the field: ARM surged more than 17%, Intel and SanDisk soared over 10%, Micron Technology rose more than 7%, SK hynix gained over 8%, and the Philadelphia Semiconductor Index jumped 6.5% in a single day, closing higher for the fourth consecutive trading day. In the A-share market, the Semiconductor ETF rose 5.21% yesterday, the Chip ETF gained 5.02%, and the STAR Market chip sector rebounded across the board. For ordinary investors, which funds can they use to get on board this storage rally? Today, let’s review them by tier.
First tier: broad-based semiconductor ETFs, with liquidity first
If you want to keep up with the rally without betting on a single company, broad-based semiconductor ETFs are the first choice. The Semiconductor ETF (512480) rose 5.21% yesterday, while the Chip ETF (512760) gained 5.02%. Both are large in scale and actively traded, with holdings covering the entire chain of design, manufacturing, packaging and testing, and equipment, making them the easiest tools for participating in the sector beta. The STAR Market chip sector was also active, with the STAR 50 rising 4.09% yesterday and STAR Market chip ETFs showing greater elasticity.
Their characteristic is: they keep pace closely when the market rallies and fall together when the market turns, making them suitable for managing risk through position sizing.
Second tier: niche sectors, betting on industrial segments
The core of this rally is storage and computing hardware. Along the storage chain, overseas companies Micron, SK hynix and SanDisk all surged, while their domestic counterparts are storage module and niche storage companies, mainly found among chip ETFs and some actively managed funds; in computing hardware, optical modules, PCBs, and fiber-optic cables are viewed by public funds as relatively high-certainty segments, and China Asset Management said that congestion in the relevant sectors has fallen back to a stage low.
The Semiconductor Equipment ETF, which saw a sharp increase in net subscriptions and a notable expansion in units in July, is betting on the long-term logic of domestic substitution, with greater volatility than broad-based ETFs.
Third tier: actively managed equities, a test of manager selection
Actively managed semiconductor funds have diverged significantly in performance during the rebound: Yongying Pioneer Semiconductor Smart Selection rose nearly 150% in the first half of the year, but also fell noticeably with the sector in July; a star product from DeBond Fund has retreated more than 40% from its peak. Within the same sector, differences in fund managers’ position timing and stock selection can widen the gap in net asset value by dozens of percentage points.
Choosing an actively managed fund is essentially choosing a manager—how well they controlled drawdowns during the sharp sell-off in July matters more than their ranking in a bull market.
First, this rebound combines an oversold recovery with industrial logic, and the storage price-increase cycle is supported by fundamentals;
Second, broad-based ETFs suit most people, while niche sectors and actively managed funds are suitable for investors who can tolerate high volatility;
Third, semiconductors are high-beta assets: they can rise quickly and fall sharply, so position sizing is always more important than product selection.
$AMD
