不破不立？！指数高点回撤近5%，宽基ETF或迎“低吸”机会

Group 1 - The market is experiencing a correction, with the Shanghai Composite Index retreating to around 3800 points, which has caused confusion among investors who were previously optimistic when the index surpassed 4000 points [1][2] - The recent market adjustment is attributed to a combination of emotional reactions rather than a fundamental collapse, triggered by external factors such as the potential interest rate hike by the Bank of Japan [4] - Small-cap stocks have seen significant declines, with the micro-cap index dropping over 6% in December, while larger indices like the Shanghai 50 and CSI 300 have only seen minor declines, indicating a divergence in market performance [5] Group 2 - Recent policy announcements aimed at expanding domestic demand have not met immediate expectations, leading to disappointment among some investors, despite positive underlying economic indicators such as GDP growth and manufacturing PMI [6] - The current market adjustment is likened to a temporary emotional outburst rather than a fundamental issue, suggesting that the long-term outlook remains positive due to supportive policies and a stable economic foundation [6] - There is a growing interest in broad-based ETFs, particularly the CSI 500 index, which has seen significant inflows, indicating a shift in investor preference towards more stable investment vehicles amid market volatility [8][9] Group 3 - The CSI 500 index has become a focal point for investors, with several ETFs linked to it experiencing substantial growth in assets under management, reflecting its increasing popularity [9][11] - The broad-based index funds are viewed as a reliable means for investors to achieve average market returns, especially in the context of China's economic transition towards high-quality growth [10][11] - The market is expected to present better allocation opportunities as it stabilizes, particularly for broad-based ETFs, which are currently perceived as undervalued compared to historical averages [7][10]