内需动能修复，大消费板块迎来配置良机

Core Viewpoint - The A-share market is experiencing an overall adjustment with all three major indices declining, while the consumer sector shows strength driven by improved domestic demand and the upcoming consumption peak season [1] Market Performance - From November 10 to 14, the A-share market saw a decline in all three major indices, with the ChiNext Index leading the drop [1] - The consumer sector, particularly retail and food and beverage industries, is expected to see significant performance growth due to the positive impact of the October CPI turning positive and the arrival of the year-end consumption peak [1] Investment Trends - Market funds are shifting focus towards more cost-effective and certain investment directions amid overseas market volatility and high differentiation within the technology sector [1] - The consumer sector has been under adjustment for a long time, leading to relatively low valuations that are attracting institutional fund inflows [1] Future Outlook - As a core representative of domestic demand, the food and beverage sector is expected to benefit directly from improvements in the economic fundamentals and the recovery of consumer confidence [1] - In the medium to long term, the consumer sector's investment value is becoming increasingly prominent, with the current timing seen as a potential window for long-term positioning [1] Related ETFs - Food and Beverage ETF (515170) [1] - Consumer 30 ETF (510630) [1]