【深挖行业数据】为什么资金更偏爱银行ETF优选(517900)？

Core Viewpoint - The banking sector, particularly the Bank ETF Preferred (SH517900), has shown strong performance, reaching historical highs and attracting significant capital due to its stability and high dividend yield compared to other investment options [1][3]. Group 1: Performance and Growth - The Bank ETF Preferred (517900) has experienced a 147% growth in scale year-to-date, making it the top performer among its peers [1]. - The banking sector has been resilient, with the Bank ETF Preferred achieving consecutive historical highs over three trading days [1]. Group 2: Market Dynamics - The rapid rotation in the A-share market has led investors to favor stable banking assets, as evidenced by the performance of the Bank ETF Preferred [3]. - The continuous decline in risk-free interest rates, with the current ten-year government bond yield at approximately 1.66%, enhances the attractiveness of bank stocks, which have a dividend yield of 6.51%, nearly three times higher than the bond yield [4]. Group 3: Institutional Investment - Insurance capital has shown a particular preference for bank stocks, with 15 instances of stake acquisitions this year, surpassing the total from the previous nine months, and eight of these targeting bank stocks [5]. - The investment strategy of the Bank ETF Preferred, which dynamically captures valuation differences between A-shares and H-shares, has proven effective, with the Bank AH Index outperforming the CSI Bank Index by nearly 13% since early last year [5]. Group 4: Strategy and Returns - The Bank AH Index employs a rotation mechanism that switches investments between A-shares and H-shares based on valuation discrepancies, aiming to achieve excess returns [5]. - Since the launch of the Bank AH Index on December 6, 2017, it has outperformed the CSI Bank Total Return Index by over 23% [5].