E Fund (HK) FTSE AI Select Index ETF (03489.HK) Rises 1.88% as AI Compute Hardware and Model Catalysts Converge

As of 15:15 on November 11, E Fund (HK) FTSE AI Select Index ETF (03489.HK) stood at HKD 10.830, up 1.88%. The ETF opened at HKD 10.630, with the latest net asset value (NAV) at HKD 10.608, a premium of 0.21%, a 52-week high of HKD 14.900, a 52-week low of HKD 9.850, a turnover of approximately HKD 2.3171 million, and assets under management of approximately HKD 510 million.

On the news front, according to Reuters, Microsoft is lobbying the U.S. government to abandon proposed import restrictions on new Chinese optical transceivers, with the market expecting a possible marginal improvement in the export environment for domestic optical modules. On the model and company front, Alibaba announced on the evening of November 10 that it applied for the independent Hong Kong listing of T-Head; as of April 2026, the cumulative shipments of T-Head's Zhenwu series AI chips reached 560,000 units. Anthropic is concurrently advancing its IPO, with a fundraising cap of approximately USD 64.35 billion, and released two new models, Claude Fable 5.2 and Mythos 5.2, which achieved top-tier performance across multiple benchmarks in coding and complex reasoning. Google also launched its frontier model Gemini 4 Carbon, focusing on complex coding and scientific research scenarios. The two-way acceleration of AI capital expenditure and model iteration provides simultaneous catalysts for both compute hardware and AI applications.

E Fund (HK) FTSE AI Select Index ETF (03489.HK) closely tracks the FTSE Custom Global AI Select Index, which covers 50 core AI constituents. Hong Kong- and U.S.-listed securities are weighted at 65% and 35% respectively, covering AI compute chips, large language models, and AI-transformed software companies. It is a concentrated tool for allocating across the global AI industry chain. The manager is E Fund Management (Hong Kong) Co., Limited.