证券ETF（512880）近10日净流入额近20亿元，资金借道博弈券商补涨空间

Group 1 - The Shanghai Composite Index continues to show strong performance, reaching a new high for the year, with significant capital inflow into the brokerage sector, as evidenced by nearly 2 billion yuan net inflow into the securities ETF (512880) over the past 10 days, bringing its current scale to over 35.6 billion yuan [1] - Historically, during market rebounds, the brokerage sector has significantly outperformed the broader market, and this time, the performance of the brokerage sector is closely aligned with the overall market. As of August 11, 2025, the securities index has risen by 11.17%, compared to a 6.76% increase in the CSI 300 [1] - A-shares in the brokerage sector have shown a notable underperformance compared to H-shares, leading to speculation about the potential for A-shares to catch up in terms of performance [1] Group 2 - Guolian Minsheng Securities indicates that the current price-to-book (PB) valuation of the brokerage industry remains at historical low levels, suggesting that there is still room for elasticity in the sector [2] - The accelerated capital inflow into the securities ETF (512880), which tracks the CSI All Share Securities Companies Index, positions it as the largest in its category, attracting interest from investors looking for related investment opportunities [2]