证券ETF（512880）回暖，资金借道布局反弹机遇，5日吸金近60亿元

Group 1 - The core viewpoint of the article highlights a rebound in the securities sector, with the securities ETF (512880) rising over 0.5% and experiencing a net inflow of nearly 6 billion yuan over the past five days [1] - The total share growth of the securities ETF has exceeded 27 billion shares this year, with the current scale surpassing 63 billion yuan [1] - Galaxy Securities indicates that the government's policies aimed at "stabilizing growth and the stock market" and "boosting the capital market" will continue to shape the future direction of the sector [1] Group 2 - The article mentions that a moderately loose liquidity environment, continuous optimization of the capital market, and the restoration of investor confidence are driving the upward trend in the securities sector's prosperity [1] - There is an enhanced expectation for the expansion of medium to long-term funds and an improvement in the fundamental outlook for the sector [1] - As of October 24, 2025, the PB valuation of the securities sector stands at 1.48x, which is at the 29.80% percentile since 2010, indicating a high margin of safety for investments in this sector [1]