沪指新高，两市惊现收益破50%宽基！中证2000增强ETF(159552)再成焦点

Core Viewpoint - The Shanghai Composite Index reached a nearly four-year high on August 13, with trading volume in both markets exceeding 2 trillion yuan, indicating strong market momentum and investor confidence [1]. Group 1: Market Performance - The CSI 2000 Enhanced ETF (159552) achieved a year-to-date return of over 50%, becoming the first broad-based ETF to surpass this threshold in 2023 [1]. - The fund's share volume expanded more than 45 times this year, making it the ETF with the largest share increase in the market [1]. Group 2: Market Drivers - Four main factors contributed to the outperformance of small-cap stocks compared to large-cap stocks: 1. Expectations of domestic and international liquidity easing, with a weaker dollar facilitating foreign capital inflow into A-shares, benefiting small-cap stocks [1]. 2. Strengthened narratives around technology and other industries, with clear policy directions leading to sustained capital inflow [1]. 3. A general market rally raising the overall market baseline, with policy expectations catalyzing a rebound in previously undervalued stocks [1]. 4. The significant narrowing of the basis for IC and IM futures contracts, reflecting a recovery in market risk appetite [1]. Group 3: Market Outlook - There is a need to monitor the uncertainty arising from the divergence between fundamentals and market performance [1].