A股长期向好，A500ETF嘉实(159351)布局各行业优质资产投资机遇

Group 1 - The core viewpoint indicates that the A-share market is experiencing short-term volatility due to fluctuations in overseas market risk appetite, but the long-term bullish trend remains intact [1] - In the third quarter of 2025, the overall profitability of the A-share market improved, particularly in the technology sector, reflecting the continuation of industrial trends [1] - The current A-share market is in a state of capital inflow, which supports valuations [1] Group 2 - Huachuang Securities highlights four major directions for industry allocation within the CSI A500 index: 1) Technology sector focusing on stable growth and commercialization in optical components, PCBs, and integrated circuits [2] 2) Cyclical sectors such as non-ferrous metals, chemicals, building materials, steel, and coal, which have performance elasticity under re-inflation trading [2] 3) Export-oriented industries with high overseas exposure, including batteries, motors, engineering machinery, communication equipment, and energy metals [2] 4) Real estate and consumer chain sectors, which are expected to recover after hitting a mid-term bottom, presenting high odds opportunities [2] - As of November 28, 2025, the top ten weighted stocks in the CSI A500 index include Ningde Times, Kweichow Moutai, China Ping An, and others, accounting for a total of 20.04% of the index [2]