成交创近3年新高！银行AH优选ETF(517900)盘中价格年内第16次历史新高

Core Viewpoint - The banking sector has shown strong performance, with significant inflows into bank-related ETFs and a notable increase in their market capitalization, indicating a positive outlook for the industry. Group 1: Market Performance - As of June 23, bank stocks have strengthened, with the only cross-listed bank ETF (517900) surging by 1.39%, reaching a historical high for the 16th time this year, with a trading volume of approximately 59 million, marking a three-year peak [1] - The fund has seen continuous net inflows for 13 days as of June 20, with a year-to-date growth in scale of 320.80%, also a historical high [1] - Longjiang Securities noted that since the second quarter, bank stocks have consistently risen, with several individual stocks reaching new highs, although the trading congestion indicator has not yet reached the highs of the past two years [1] Group 2: Investment Trends - The current market sentiment reflects a reluctance to sell existing bank stock holdings, attributed to the sector being the cheapest in terms of valuation and a clearer upward logic [1] - The market is increasingly recognizing the establishment of a significant risk bottom in the banking sector's fundamentals, with various factors such as high dividends, passive fund expansion, and under-allocation by active funds driving the upward trend [1] - Institutional investors, particularly insurance funds, are facing asset scarcity pressures and are in a continuous accumulation phase for stable dividend-paying bank stocks, as evidenced by the increasing holdings of H-shares of state-owned and joint-stock banks by southbound funds [1] Group 3: Fund Management Insights - Since May, public funds have been optimistic about increasing their positions in bank stocks, with a shift in focus from dividend yield to factors such as earnings growth, governance advantages, regional economy, and long-term logic [2] - The bank AH preferred ETF (517900) had a dividend yield of 6.51% as of the end of May, reflecting a rotation strategy in the AH market that prioritizes undervalued stocks [2] - Investors can access this market through linked funds (Class A: 016572; Class C: 016573) [2]