保险板块涨幅居前，证券保险ETF（512070）获资金持续布局

Core Viewpoint - The insurance sector has shown significant gains, with major companies like China Life, China Pacific Insurance, and China Reinsurance seeing increases of over 2%, while China Ping An and New China Life rose by over 1%, contributing to a 0.4% rise in the CSI 300 Non-Bank Financial Index [1] Group 1: Market Performance - The A-share market indices have improved year-on-year in Q3, with trading activity increasing, as evidenced by a 191% year-on-year growth in main board transaction volume [1] - The dual drivers of "market recovery and increased trading volume" are expected to enhance the asset-side yield elasticity for insurance institutions and improve revenue expectations for brokerage businesses, leading to greater performance certainty for the securities and insurance sector [1] Group 2: Fund Flows - According to the latest public fund Q3 reports, current fund holdings in the securities and insurance sectors remain underweight, suggesting potential for incremental capital allocation as the equity market improves [1] Group 3: Index and ETF Information - The CSI 300 Non-Bank Financial Index comprises listed companies in the non-bank financial industry, with approximately 35% from the insurance sector and 64% from the securities sector [1] - The Securities Insurance ETF (512070), which tracks this index, has a current scale of about 17 billion yuan, indicating ample liquidity to help investors seize performance recovery opportunities in the sector [1]