On September 3, A-shares closed mixed. By the close, the Shanghai Composite Index fell 1.16%, the Shenzhen Component Index dropped 0.65%, and the ChiNext Index rose 0.95%. The A500ETF Fund (512050), which tracks the CSI A500 Index, declined 0.98%. Several of the ETF’s holdings bucked the trend and showed strength: Sungrow Power, Bailiheng, and Eve Energy rose 15.30%, 13.39%, and 12.08%, respectively. Yesterday, the ETF’s full-day turnover exceeded 4.2 billion yuan, ranking first among similar products.

Over a longer period, A-shares have fluctuated upward this year. As of September 3, the A500ETF Fund (512050) has gained 17.16% year-to-date, outperforming the CSI 300 Index by over 3%.

On the news front, institutions widely believe the Federal Reserve will cut interest rates this year. Data released by the CME FedWatch Tool shows the probability of the Fed keeping rates unchanged in September is 10.4%, while the probability of a 25-basis-point cut is 89.6%. The probability of the Fed maintaining rates in October is 4.9%, with a cumulative 25-basis-point cut at 47.3% and a cumulative 50-basis-point cut at 47.9%.

Goldman Sachs expressed optimism about Chinese stocks, stating that there is still room for growth driven by capital inflows. Schneider, president of Goldman Sachs Asia Pacific (ex-Japan), said in an interview on Wednesday: "The feedback we’re hearing from clients and investors is that sentiment around Chinese stocks has improved. China still faces many challenges, but this round of stock market gains still has momentum."

The new-generation core broad-based A500ETF Fund (512050) helps investors seize market opportunities and allocate to A-share core assets with one click. The ETF tracks the CSI A500 Index, which employs a dual strategy of balanced sector allocation and top-tier stock selection. It covers all 35细分 industries under the CSI classification, blending value and growth attributes. Compared to the CSI 300, it overweightsthe AI industry chain, pharmaceuticals and biotechnology, power equipment, new energy, and other new productive forces sectors, possessing inherent barbell investment characteristics.