Recently, there has been a notable divergence in the performance trends of various broad-based indices on the STAR Market, with the STAR 100 and STAR 200 indices emerging as prominent examples. Interestingly, the flow of Exchange-Traded Fund (ETF) capital has not strictly mirrored the movements of these indices. In fact, during periods when the STAR 50 index underwent adjustments, certain funds experienced reverse subscription activities. Industry experts have highlighted that as the broad-based index framework on the STAR Market matures and becomes increasingly intricate, distinct disparities have arisen among different indices. These differences span across market capitalization segments, industry compositions, and levels of concentration, thereby necessitating a more nuanced and segmented approach to index-based allocation strategies.
