“牛市旗手”证券ETF（512880）涨超6%，规模超540亿元，居同类规模第一，机构：非银金融行业动能改善

Group 1 - The core viewpoint is that the non-bank financial sector is expected to outperform due to rising market trading volumes, with a focus on undervalued leading brokerage firms [1] - The industry rotation model indicates that non-bank financials are included in the long position for October, reflecting improved industry momentum expectations [1] - Leading brokerages may drive industry momentum due to their advantages in transaction amounts, as the sector benefits from increased market activity and low valuation attributes [1] Group 2 - The securities sector is characterized by strong beta attributes, with its performance closely tied to capital market conditions, which are currently favorable due to heightened market risk appetite and liquidity [1] - The securities ETF (512880) is recommended for investment opportunities, especially as it surpasses a scale of 54 billion and continues to lead in liquidity among peers [1][2]