有色牛市正在启动，大成有色ETF(159980.SZ)活跃上行，跟踪指数再次确立日线级别看涨

Core Viewpoint - The Dachen Nonferrous ETF (159980.SZ) is experiencing upward momentum, supported by positive trends in the underlying nonferrous metal index and significant capital inflows, indicating a bullish outlook for the sector [1]. Group 1: Market Performance - As of August 12, 11:15, the Dachen Nonferrous ETF (159980.SZ) increased by 0.18% [1]. - The underlying index, the Nonferrous Metal Index (IMCI.SHF), has established a bullish trend on both daily and weekly levels [1]. - The ETF's latest scale reached 1.207 billion yuan, marking a three-month high [1]. Group 2: Capital Inflows - As of August 11, the Dachen Nonferrous ETF (159980.SZ) saw net capital inflows in 4 out of the last 5 trading days, totaling 79.6212 million yuan [1]. Group 3: Economic Context - Citic Construction Investment Securities noted that poor economic and employment data from the U.S., along with the nomination of a new Federal Reserve governor by Trump, has strengthened market expectations for a rate cut in September [1]. - The ongoing domestic "anti-involution" policy aims to optimize production factors, enhancing profitability across various sectors and improving market expectations, which is favorable for the transmission of rising metal prices to downstream industries [1]. - The valuation of the industrial metals sector is currently low, suggesting potential for upward correction [1].