日历效应下资金开始布局小盘？中证2000增强ETF（159552）连续三日“揽金”6600万

Core Insights - The three major stock indices opened higher on October 27, with the Shanghai Composite Index approaching 4000 points, indicating a positive market sentiment [1] - The CSI 2000 Enhanced ETF (159552) has seen significant inflows, accumulating 66 million over three consecutive days, suggesting a shift in investor focus towards small-cap stocks [1] - Analysts from Zheshang Securities noted that small-cap stocks are likely to outperform the broader market in November, with historical data showing strong performance in previous months [1] Performance Summary - As of October 17, the CSI 2000 Enhanced ETF (159552) achieved a one-year return of 62.67%, ranking first among 33 similar products [1][2] - In the third quarter, the CSI 2000 Index recorded a gain of 14.31%, which was relatively modest compared to other major indices [1][2] - The performance of various indices in the third quarter was as follows: - ChiNext Index: 50.40% - Sci-Tech Innovation Index: 39.61% - CSI 500: 25.31% - CSI 1000: 19.17% - CSI 300: 17.90% - Wind Micro-Cap Index: 16.24% - CSI 2000: 14.31% - Shanghai Composite Index: 12.73% [2] Fund Manager Insights - Fund manager Deng Tong highlighted a significant divergence in market styles during the third quarter, with growth styles outperforming value styles [1][2] - The performance of quantitative models was negatively impacted by the underperformance of value factors and volume-price factors, leading to a decline in excess returns in the latter half of the quarter [2] - Looking ahead, Deng Tong indicated that the main hotspots in the large-cap growth sector are concentrated in the technology sector, with external uncertainties potentially affecting market confidence [2]