2025年前10个月开户数同比增长11%，券商ETF基金(515010)配置价值突显

Group 1 - The three major indices showed strength during the trading session, with the brokerage and fintech sectors experiencing some declines. As of 14:00, the brokerage ETF fund (515010) fell by 0.21%, while the fintech ETF Huaxia (516100) narrowed its decline to 1.04% [1] - In October 2025, new A-share accounts decreased by 21% year-on-year due to holiday effects and market fluctuations, but still exceeded 2.31 million new accounts, a significant drop of 66% compared to 6.85 million in October of the previous year. Cumulatively, 22.46 million new accounts were opened in the first ten months of 2025, representing an 11% year-on-year increase [1] - Industry insiders believe that the brokerage business will further expand in depth and breadth, benefiting from the long-term positive trend in the capital market, indicating significant growth potential for the sector's valuation in the medium to long term. Currently, the brokerage sector's valuation remains low, with noticeable under-allocation by institutions, leading to a continued optimistic outlook for strategic allocation opportunities in the brokerage sector [1] Group 2 - The brokerage ETF fund (515010) tracks the securities company index (code 399975), with the top ten constituent stocks accounting for 59.88% of the weight. It is considered a "bull market flag bearer" and directly benefits from the recovery of the A-share market. The combined management and custody fee rate is 0.2%, making it the lowest fee investment option in the current market, facilitating low-cost exposure to the brokerage sector for investors [1] - The fintech ETF Huaxia (516100) closely tracks the CSI Fintech Theme Index, covering software development, internet finance, and the digital currency industry chain. It combines financial and technological attributes and is regarded as a "new bull market flag bearer," expected to benefit from both market recovery and AI-related catalysts [2]