顶流券商ETF(512000)盘中回调蓄势，开盘不到十分钟成交额破亿，机构：继续看好板块价值重估机会

Core Viewpoint - The securities industry is experiencing a positive trend, with significant growth in the performance and compensation of listed brokerages, indicating a potential for continued valuation recovery and investment opportunities in the sector [2][4]. Group 1: Market Performance - As of September 1, 2025, the broker ETF (512000) has seen a net value increase of 61.10% over the past year [2]. - The broker ETF's latest scale reached 31.265 billion, marking a one-year high and ranking second among comparable funds [1]. - The broker ETF has recorded a daily average turnover of 1.969 billion over the past week, placing it among the top two in comparable funds [1]. Group 2: Compensation and Profitability - The total compensation for 39 comparable listed brokerages in the first half of 2025 amounted to 77.715 billion, reflecting an 18.19% increase from 65.755 billion in the same period of 2024 [2]. - The net profit attributable to the parent company for listed brokerages in the first half of 2025 increased by 52% year-on-year, with a quarterly net profit growth of 49% in Q2 [2]. Group 3: ETF Characteristics - The broker ETF passively tracks the CSI All Share Securities Company Index, encompassing 49 listed brokerage stocks, with nearly 60% of its holdings concentrated in the top ten leading brokerages [4]. - The ETF serves as an efficient investment tool, balancing investments in leading brokerages while also considering the high growth potential of smaller brokerages [4].