连续4日“吸金”累计超1.6亿元，券商ETF（159842）飘红，机构：行业景气度持续改善有望推动板块估值修复

Core Viewpoint - The securities sector is experiencing slight upward movement, with the broker ETF showing positive performance and attracting significant capital inflow as institutions remain optimistic about the A-share market for the upcoming year [1] Group 1: Market Performance - The three major indices opened slightly lower, with the securities sector showing minor fluctuations and then rising [1] - The broker ETF (159842) increased by 0.09% as of the report, with several constituent stocks, including Zhongyin Securities, rising by 1.7% [1] - The broker ETF has seen a net inflow of over 160 million yuan in the last four trading days [1] Group 2: Institutional Outlook - Multiple brokerages have begun releasing their 2026 annual investment strategies, with a generally positive outlook for the A-share market next year [1] - Huaxi Securities noted that active funds are significantly underweight in the non-bank sector, suggesting potential for increased allocation as the capital market becomes more active [1] - Hualong Securities indicated that the improvement in the return on equity (ROE) for the brokerage sector enhances shareholder return capabilities, with ongoing industry recovery likely to drive valuation restoration [1]