Lates News

Sun Heng, director of the Morningstar Fund Research Center, noticed that the public offering industry is clearly stratified in terms of product layout. Top institutions are building full industry chain technology research teams, covering a wide range of broad-based, segmented ETFs, and balanced growth. Medium-sized institutions are selectively focusing on deepening AI and semiconductor single segmented tracks to create a distinctive product line. Small institutions are concentrating resources on high-growth small-cap tech varieties, aiming for short-term excess returns with extreme elasticity. The three have formed a clear differentiation in research depth, product abundance, portfolio concentration, and profit volatility.