医疗器械板块拐点或至，资金左侧大举增仓，医疗器械指数ETF（159898）近10日获近1.2亿元资金埋伏

Core Viewpoint - The A-share market is experiencing a surge in sentiment, with the Shanghai Composite Index breaking through key levels of 3700 and 3800, and trading volume exceeding 2 trillion yuan for several consecutive days. The medical device sector, particularly high-elasticity sub-sectors, has become a major focus for capital inflow [1] Group 1: Market Performance - The Medical Device Index ETF (159898) has seen a continuous inflow of 116 million yuan over the past 10 days and 163 million yuan over the last 20 days, with the latest fund size reaching 410 million yuan, a new high since its listing [1] - The ETF closed at 0.616 yuan yesterday, reflecting a 40% decline since its listing in 2021 [1] - The Medical Device Index ETF has outperformed its benchmark across various time frames this year, over the past year, and the past three years, ranking among the top in excess return capabilities among similar index ETFs [1][9] Group 2: Industry Outlook - The medical device industry is currently facing pressures on performance and valuation due to multiple factors such as centralized procurement, DRGs implementation, and medical anti-corruption efforts. However, support from the National Medical Insurance Administration for domestic innovative drugs and devices is expected to ease price reductions from centralized procurement, potentially marking a turning point for performance, valuation, and policy in the medical device sector [1][16] - Future focus areas for the medical device sector include innovation, technology, international expansion, and companies with low baselines benefiting from operational improvements [2][17] Group 3: Key Stocks in the Index - The top ten weighted stocks in the Medical Device Index include: - Mindray Medical (300760) - 13.71% - United Imaging Healthcare (688271) - 8.62% - Aimeike (300896) - 3.75% - Lepu Medical (300003) - 3.08% - Huatai Medical (688617) - 3.06% - New Industries (300832) - 3.03% - Yuyue Medical (002223) - 2.83% - Yingke Medical (300677) - 2.22% - Furuya Co., Ltd. (300049) - 2.21% - Shandong Pharmaceutical Glass (600529) - 2.00% [5] Group 4: Historical Performance - Since its inception on December 31, 2004, the Medical Device Index has achieved a cumulative increase of 1026%, translating to an annualized return of 12.83%, outperforming the same period's performance of the CSI Medical Index and the CSI 300 Medical Index [6][8]