存银行不如买银行？聊聊今年不断新高的银行AH

Core Viewpoint - The banking sector, particularly the Bank AH Preferred ETF (SH517900), has shown strong performance in a challenging market environment, outperforming major indices and demonstrating resilience amid low trading volumes [1][3]. Market Performance - All three major indices opened lower, with overall market performance remaining poor. The trading volume in the two markets has been around 1.2 trillion, but the actual trading volume may be below 1 trillion when excluding quantitative funds [1]. - The Bank AH Preferred ETF has achieved a year-to-date increase of 20.11%, outperforming the CSI 300 by over 21 percentage points and the dividend index by nearly 24% [1][2]. ETF Characteristics - The Bank AH Preferred ETF has seen its scale grow by over 240% this year, indicating strong investor interest [2]. - The ETF allows for a systematic scanning of price differences between A-shares and H-shares, dynamically allocating to lower-valued assets, which can capture excess returns [3]. Historical Performance - Since the index's launch on December 6, 2017, the Bank AH Total Return Index has accumulated a return of 89.81%, significantly outperforming the China Securities Bank Total Return Index, which has increased by 62.94% during the same period [3][4].