又新高了！这个“银行AH+小微盘”组合妙在哪儿？

Core Viewpoint - The "Bank AH + Small Micro Plate" combination has reached a new high with a 21.76% increase by June 24, 2025, outperforming all Shenwan first-level industries [1] Group 1: Composition of the Combination - The combination consists of 40% Bank AH Preferred ETF (517900), 30% 1000 ETF Enhanced (159680), and 30% CSI 2000 Enhanced ETF (159552) [2] Group 2: Strengths of the Combination - The combination's strength lies in selecting bank stocks, which have consistently reached new highs this year, providing three advantages that other sectors cannot match [4] - Firstly, banks have a leading Return on Equity (ROE), with an average ROE of 10.2% for listed banks in 2024, and 14 banks exceeding 11%, including Chengdu Bank at 17.8% and Hangzhou Bank at 16.0% [5] - Secondly, the dividend yield of banks is strong, with most major banks yielding between 4% and 5%, while the 10-year government bond yield is below 2%, highlighting the superior return potential of bank stocks [7] - Thirdly, institutional investors are increasingly favoring banks, with significant investments from insurance funds and public funds, leading to a revaluation of bank stocks [8] - The Bank AH Preferred ETF (517900) employs a rotation strategy in the AH market, allowing it to select undervalued stocks dynamically, making it the only vehicle for investing in Hong Kong-listed banks [8][10] Group 3: Performance of Small Micro Plate - The CSI 2000 Enhanced ETF (159552) has achieved a 25.17% increase in 2025, outperforming its benchmark by 13%, with net value reaching new highs 17 times and a 256% growth in scale [11] - The 1000 ETF Enhanced (159680) has seen an 11.51% increase, exceeding its benchmark by nearly 8%, with net value reaching new highs 6 times [11] - The ongoing monetary easing by the central bank is favorable for small-cap stocks, particularly in sectors like AI, robotics, and domestic software, which have significant growth potential [13]