Core Viewpoint - The securities brokerage sector is experiencing a decline, with the CSI All Share Securities Company Index down by 2.37% as of September 23, 2025, while the ETF tracking this index shows significant inflows and performance metrics indicating potential for recovery [1][2]. Market Performance - As of September 22, the non-bank financial sector rose by 0.81%, but has seen a decline of over 8% since the peak on August 25 [2]. - The brokerage ETF has recorded a recent average daily trading volume of 17.98 billion yuan over the past month, ranking it among the top two comparable funds [1]. ETF Metrics - The brokerage ETF's latest scale reached 34.998 billion yuan, marking a one-year high and ranking second among comparable funds [1]. - The ETF's shares have also reached a one-year high of 59.338 billion shares, making it the leading fund in terms of share volume [1]. - Over the past 18 days, the ETF has seen continuous net inflows, totaling 6.482 billion yuan, with a peak single-day inflow of 1.262 billion yuan [1]. Performance Analysis - The brokerage ETF has achieved a net value increase of 50.75% over the past year [1]. - The highest monthly return since inception was 38.02%, with the longest consecutive monthly gains being four months and the highest cumulative gain during that period being 28.47% [1]. Investment Sentiment - Analysts suggest that the current market conditions, characterized by active trading and ample liquidity, indicate a potential for further growth in the brokerage sector despite recent adjustments [2]. - The influx of new capital into the market is expected to enhance performance and valuation opportunities for brokerages, particularly in a low-interest-rate environment [2].
增量资金入市潜力有望进一步打开，券商ETF(512000)盘中成交超12亿，机构：券商板块近期调整无需过度担忧
Xin Lang Cai Jing·2025-09-23 05:59