“牛市旗手”助力大盘收复3900点！证券ETF（159841）规模破百亿，系深市同类首只

Core Viewpoint - The A-share market has experienced a comprehensive rise, with the Shanghai Composite Index reclaiming the 3900-point mark, driven by significant movements in brokerage stocks which have attracted strong capital attention [1] Group 1: Market Performance - As of October 15, the Securities ETF (159841) has surpassed 10 billion yuan in scale, becoming the first securities ETF in the Shenzhen market to achieve this milestone [1] - The average daily trading volume of the Securities ETF has exceeded 300 million yuan this year, ranking in the top 15% of all ETFs in the market [1] Group 2: Fund Management - Tianhong Fund has launched its second ETF, the Securities ETF (159841), following the Credit Bond ETF (159398), both of which have surpassed 10 billion yuan in scale [1] - The total scale of Tianhong Fund's ETFs reached 94.19 billion yuan by the end of the third quarter, an increase of 44% from the beginning of the year [1] - The number of ETF products under Tianhong Fund has increased by 9, representing a growth rate of 37% [1] Group 3: Future Outlook - Analysts suggest that the current valuation of A-shares remains attractive, with the brokerage sector, known as the "bull market leader," having relatively low year-to-date gains, indicating potential for catch-up growth [1] - The A-share market is expected to maintain a trend of steady upward movement in the fourth quarter, supported by stable economic fundamentals, continuous capital inflows, and a backdrop of global liquidity easing [1] - The securities industry is still on an upward trend, representing a relatively undervalued asset with high year-on-year performance growth [1][2]