证券ETF（512880）近20日净流入超42亿元，资金面对券商板块配置偏好引关注

Core Viewpoint - In the third quarter, public funds significantly increased their holdings in non-bank financials by 2.73 billion shares, becoming a key driver for the sector's rise, while foreign capital through the Stock Connect reduced holdings by 2.04 billion shares, the second-largest reduction after the banking sector [1] Group 1: Fund Flows and Market Impact - Public funds' increased holdings in non-bank financials provide liquidity support, closely linking the sector's performance to fund flows [1] - Securities ETFs have seen net inflows, indicating a preference for allocation towards the brokerage sector [1] Group 2: Index and Sector Characteristics - The Securities ETF (512880) tracks the Securities Company Index (399975), which selects listed companies involved in brokerage, underwriting, and proprietary trading from the A-share market [1] - The index reflects the overall performance of the securities industry and exhibits high industry concentration and cyclical characteristics, effectively capturing the overall trend of the securities market [1]