险资增配权益类资产，证券保险ETF（512070）获资金持续布局

Group 1 - The Hong Kong Securities Index fell by 0.7%, while the CSI All Share Securities Companies Index decreased by 1.1%, and both the CSI Bank Index and the CSI 300 Non-Bank Financial Index dropped by 1.3% [1] - The Securities Insurance ETF (512070) has seen a continuous net inflow of funds exceeding 2.2 billion since November [1] - By the third quarter of 2025, the scale of core equity assets invested by insurance funds is expected to significantly increase, with a quarterly increase of 864 billion in "stocks + funds," including a rise of 552.5 billion in stocks and 311.5 billion in funds [1] Group 2 - The analysis indicates that the current valuation of the securities insurance sector and public fund holdings are at historical lows, suggesting potential for valuation recovery as liabilities improve and asset stability is achieved [1] - The Securities Insurance ETF tracks the CSI 300 Non-Bank Financial Index, which consists of 27 stocks from the CSI 300 Index related to capital markets, other financial services, and the insurance industry, with nearly 65% representation from the securities insurance sector [3]