机构：回归基本面，看好“滞涨”券商估值修复机会，顶流券商ETF（512000）单日再揽1.8亿元

Group 1 - The core viewpoint of the articles indicates that the brokerage sector is experiencing a strategic configuration opportunity due to the expansion of the capital market and increased trading activity, which is expected to support continuous performance growth [1][2] - The brokerage ETF (512000) has seen a net inflow of 179 million yuan on a day when its price fell by 1.16%, suggesting that investors are taking advantage of the dip to accumulate shares [1] - The brokerage sector has underperformed this year, with the securities company index rising only 6.05% year-to-date, lagging behind the Shanghai Composite Index and CSI 300 by over 11 percentage points [1] Group 2 - The brokerage ETF (512000) has reached a historical milestone, with its fund size surpassing 40 billion yuan for the first time, and an average daily trading volume exceeding 1 billion yuan this year [2] - The brokerage sector is characterized by a mismatch of "high growth and low valuation," indicating potential for valuation recovery as the market outlook improves [1] - The underlying logic of the capital market is shifting, with a focus on deepening the coordination of investment and financing development, which is expected to enhance the operating environment for brokerages [1]