A股市场的估值有望进一步上行，A50ETF（159601）一键买入核心资产

Core Viewpoint - The A-share market shows a mixed performance with the MSCI China A50 Connect Index experiencing a slight increase, indicating potential investment opportunities in leading assets [1] Group 1: Market Performance - On December 2, the A-share market opened slightly lower but showed a mixed trend, with the MSCI China A50 Connect Index rising approximately 0.2% during intraday trading [1] - Leading stocks such as Luxshare Precision, Industrial Fulian, China Petroleum, and China Pacific Insurance are driving the gains in the index [1] Group 2: Investment Strategy - UBS Securities analysts highlight that the equity risk premium in the A-share market remains above historical averages, while other emerging markets are significantly below long-term averages [1] - Factors such as incremental macro policies, accelerated earnings growth in A-shares, declining risk-free interest rates, continuous net inflow of long-term capital, and ongoing market capitalization management reforms are expected to support further valuation increases in the A-share market [1] Group 3: ETF Insights - A50 ETF (159601) closely tracks the MSCI China A50 Connect Index, providing a packaged investment in 50 leading interconnected assets, thus offering balanced exposure to core A-share market performance [1] - Compared to other "beautiful 50" indices, the MSCI China A50 Connect Index emphasizes liquidity and industry balance during its compilation, showcasing significant large-cap characteristics [1]