

Group 1 - The core viewpoint is that the brokerage sector is gaining attention due to its low fee products, particularly the Yinhua Fund's brokerage ETF (159842), which is highlighted as having significant investment value [1][2] - Despite being a "lagging" sector in the financial industry this year, the brokerage sector's fundamentals are showing signs of recovery, with active trading in A-shares and ongoing capital market reforms being positive factors [1] - Multiple institutions project that the brokerage sector will continue to perform well, with Citic Securities estimating a year-on-year net profit growth rate of 37.7% for the brokerage industry in the first half of 2025 [1] Group 2 - The brokerage ETF (159842) has a current management fee rate of only 0.15% and a custody fee rate of 0.05%, making it one of the lowest fee ETFs tracking the CSI All-Share Securities Company Index [2] - The low fee structure enhances the product's cost-effectiveness, especially during the mid-year critical period, attracting investors who are optimistic about future market trends [2]