银行ETF基金（515020）换手率破10%，银行板块换手率抬升，意味着什么？

Core Insights - The bank ETF fund (515020) experienced a turnover rate exceeding 10% on October 17, indicating increased trading activity within the banking sector, suggesting that the adjustment phase may be nearing its end [1] Group 1: Turnover Rate Analysis - The turnover rate, which reflects the frequency of stock trading, showed a 10.12% increase in the average daily turnover rate of the banking sector compared to historical averages by the end of June, indicating growing divergence during the sector's cumulative rise [1] - By the end of September, the banking sector's average daily turnover rate rose again, surpassing historical averages by 12.13%, suggesting that short-term adjustments are close to concluding [1] Group 2: Market Performance and Adjustments - Institutions have reported that since the implementation of "reciprocal tariffs" in April, the banking sector has experienced a more significant adjustment compared to other sectors, with the current market rally that began in late 2023 having retraced nearly one-third of its gains, indicating a higher safety margin for the index [1] - Analysis indicates that on September 19, the China Securities Banking Index fell below its annual line, reflecting a clear willingness from bottom-fishing funds, suggesting that the market may be approaching a bottom [1] Group 3: Long-term Investment Outlook - As mid-term dividends begin to be distributed and after sufficient adjustments, the attractiveness of bank dividends is expected to continue to rise, which may lead to increased long-term capital allocation and provide support for the market [1]