越跌越买！资金持续加仓

Group 1: ETF Market Performance - On November 19, gold-related ETFs showed strong performance, with six products ranking among the top gainers in the ETF market, each rising over 4% [1][2] - The previous trading day (November 18) saw a net inflow of over 11 billion yuan into ETFs, marking the third consecutive day of net inflows exceeding 10 billion yuan, indicating a trend of buying on dips [1][5] - Year-to-date performance of gold-related ETFs has been impressive, with the leading gold ETF gaining 83.25% [3] Group 2: Gold-Related ETFs - The gold-related ETFs are linked to the CSI Hong Kong-Shanghai Gold Industry Index, which selects large-cap companies involved in gold mining, refining, and sales from mainland and Hong Kong markets [2] - The largest component of the index is Zijin Mining (601899), accounting for 14.08% of the index, followed by Shandong Gold (600547) and Zhongjin Gold (600489), each with over 9% weight [2] Group 3: Broader ETF Trends - Despite an overall market pullback on November 18, funds continued to flow into ETFs, with over 43 billion yuan net inflow from November 14 to November 18 [5] - Broad-based ETFs were particularly favored, with more than half of the top ten ETFs by net inflow being broad-based [5][6] Group 4: Sector Performance - Media-related ETFs experienced a pullback, with two leading media ETFs declining over 2% on November 19 [4] - The performance of media ETFs year-to-date remains lower compared to gold-related ETFs, with the highest performing media ETF gaining only 26.16% [4] Group 5: Future Market Outlook - Investment firms suggest that market funds may gradually start positioning for 2026, with expectations for a spring market rally [7] - A "barbell strategy" is recommended, focusing on high-growth sectors like technology and cyclical assets that are undervalued [7]