Venture(US:VEMLY) Mei Ri Jing Ji Xin Wen·2025-11-19 07:33Core Viewpoint - The A-share market experienced an afternoon rally, with sectors such as energy metals, optical modules, insurance, and banking leading the gains, while gas, real estate, and internet sectors faced declines. The market is expected to maintain a volatile structure as institutions prepare for next year's economic direction [1]. Group 1: Market Performance - The CSI A500 Index and the ChiNext Index both rose by 0.4% as of 14:50 [1]. - The A500 ETF by E Fund (159361) and the ChiNext ETF (159915) saw net subscriptions of 87 million and 12 million units, respectively [1]. Group 2: Institutional Insights - China Galaxy Securities indicated that as the year-end approaches, institutional allocations may become more balanced, preparing for next year's economic outlook [1]. - The expectation of a rebound in prices and the clarity of subsequent policy implementations are leading to a more defined logic for anti-involution sectors [1]. Group 3: Index Composition - The CSI A500 Index consists of 500 stocks with large market capitalization and good liquidity, focusing on industry balance and selecting leading companies, with a high proportion of emerging industries [1]. - The ChiNext Index is composed of 100 stocks from the ChiNext board with large market capitalization and good liquidity, with AI hardware and new energy sectors accounting for over 60% of its weight [1]. Group 4: Investment Options - Both the A500 ETF (159361) and the ChiNext ETF (159915) track the aforementioned indices and offer the lowest management fee rate of 0.15% per year, providing investors with diversified options for building a balanced investment portfolio [1].