开源证券：继续看好慢牛启航下非银金融板块战略性增配机会

Core Viewpoint - The financial sector has experienced adjustments in the past month, with brokerage and insurance sectors showing some negative excess returns, yet market activity remains at a high level, indicating a continuation of the trend for institutional and retail funds entering the market in a low interest rate environment [1] Group 1: Market Conditions - The financial sector has seen adjustments recently, particularly in the brokerage and insurance segments [1] - Market activity is still high, suggesting ongoing interest from both institutional and retail investors [1] Group 2: Investment Opportunities - There is a strategic opportunity for increasing allocation in the non-bank financial sector as a slow bull market begins [1] - The brokerage sector is characterized by high profitability and attractive valuation, indicating a favorable risk-reward profile [1] - The undervalued insurance H-shares present a compelling investment value [1]