机构密集看好！券商迎业绩与估值的“戴维斯双击”，顶流券商ETF（512000）单日再揽3.5亿元，居同类首位！

Group 1 - The core logic behind the recent surge in brokerage stocks is the strong performance of their Q3 reports, while their stock prices have not kept pace with the broader market [2][5] - As of November 14, 2023, the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index have increased by 19.06%, 26.90%, and 45.29% respectively, while the CSI Securities Company Index has only risen by 4.24%, indicating a significant lag behind the market [2][3] - This phenomenon of "performance rising, stock prices lagging" has resulted in a notable "scissors gap" between the sector's valuation and profitability [2][3] Group 2 - There has been substantial capital inflow into brokerage ETFs, with a net inflow of 3.52 billion yuan recently, making it the top performer among 14 ETFs tracking the same index [4] - Over the past 20 days, the cumulative net inflow into brokerage ETFs has reached 25.17 billion yuan [4] - Institutions are optimistic about the brokerage sector for 2026, anticipating a "Davis Double Play" where both performance and valuation improve due to a recovering market and ongoing fundamental improvements [5] Group 3 - The brokerage ETF (512000) has seen its fund size exceed 40 billion yuan for the first time, with an average daily trading volume of over 1 billion yuan this year, making it a leading investment tool in the A-share market [7] - The ETF passively tracks the CSI Securities Company Index, encompassing 49 listed brokerage stocks, providing an efficient investment option for both large and small brokerages [7]