净值重返“1”以上！

Core Viewpoint - The A-share market has shown a significant increase in risk appetite, with the CSI A500 Index rising over 6% in the past month, leading to a recovery in the net asset values of most related ETFs above 1 yuan [1][3]. Market Performance - The CSI A500 Index has rebounded strongly since June 23, with a 6.25% increase, outperforming the broader market, which has resulted in 35 out of 38 ETFs tracking the index seeing their net asset values rise above 1 yuan as of July 18 [3][4]. - The recent performance is attributed to a recovery in investor sentiment and market conditions, with sectors like finance, real estate, new energy, innovative pharmaceuticals, and steel contributing to the upward trend [3][4]. Investment Strategy - Industry experts suggest that investors should consider their short-term cash needs and long-term asset appreciation when deciding whether to take profits or continue holding [1][6]. - The CSI A500 Index is viewed as a long-term investment opportunity due to its representation of various industries and its focus on larger, more liquid securities [6][7]. Valuation and Growth Potential - The CSI A500 Index's rolling 12-month price-to-earnings ratio is near its five-year average, indicating a relatively high margin of safety, while its expected profit growth rate of 12% over the next two years is higher than the 10% expected for the CSI 300 Index [7][8]. - The regulatory environment is also improving, with a focus on enhancing dividend policies, which is positively impacting the dividend ecosystem in the A-share market [7].