沪指迎12连阳重回4000点，中证A500ETF（159338）收涨超2%，近20日净流入超146亿元

Group 1 - The Shanghai Composite Index has achieved a 12-day winning streak, returning to the 4000-point mark, with the CSI A500 ETF (159338) rising over 2% [1] - In the past 20 days, there has been a net inflow of over 14.6 billion yuan into the market, indicating a positive trend in capital flow [1] - According to招商证券, the A-share market is expected to continue its upward trend in January, driven by government investment recovery and RMB appreciation, with a focus on cyclical price increases, service consumption, and domestic computing power sectors [1] Group 2 - The CSI A500 emphasizes industry balance and leading companies in specific sectors, offering a more diversified and growth-oriented investment option compared to the CSI 300 [1] - As of December 31, 2025, the CSI A500 index has increased by 464.28% since its base date, outperforming the CSI 300 index, which has risen by 361.15%, resulting in an excess return of 103.13% [1] - The number of accounts for the Guotai CSI A500 ETF is the highest among its peers, being more than three times that of the second-ranked product, indicating strong investor interest [1]