逆市冲击十连阳！双百亿银行ETF（512800）突围式上涨，10天吸金近60亿元

Core Viewpoint - The banking sector, particularly state-owned banks, is becoming a preferred investment choice due to low valuations, high dividend yields, and stable operations amidst market volatility, with expectations for significant performance in the fourth quarter [1] Group 1: Market Performance - On October 22, A-shares opened lower but the banking sector showed strength, with the bank ETF (512800) rising by 0.49%, aiming for a ten-day consecutive increase [1] - Recent investor risk appetite has declined, making banks an important choice for capital allocation due to their relative and absolute returns [1] Group 2: Policy Impact - Medium to long-term, expansionary policies aimed at stabilizing real estate, promoting consumption, and enhancing social welfare are expected to accelerate, supporting economic growth [1] - The banking sector is anticipated to benefit from policy catalysts, with a cyclical advantage expected to yield alpha returns [1] Group 3: ETF Performance - The bank ETF (512800) and its linked fund (240019) passively track the CSI Bank Index, encompassing 42 listed banks in A-shares, serving as an efficient investment tool for the banking sector [2] - The bank ETF has seen significant inflows, with 9 out of the last 10 days recording capital increases totaling 5.987 billion yuan, and its latest scale exceeding 20.7 billion yuan [2]