沪指突破10年新高，中证A500ETF（159338）涨超1%，近20日净流入近140亿元

Core Viewpoint - The Shanghai Composite Index has reached a 10-year high, with the CSI A500 ETF (159338) rising over 1%, and a net inflow of nearly 14 billion yuan in the past 20 days [1] Group 1: Market Outlook - In January, the A-share market is expected to continue its upward trend, driven by government investment recovery and RMB appreciation, indicating a positive fundamental and financial environment [1] - The focus will be on companies with better-than-expected performance and post-earnings disclosures, particularly in cyclical price increases, service consumption, and domestic computing power sectors [1] Group 2: Index Performance - Compared to the CSI 300, the CSI A500 emphasizes industry balance and leading companies in specific sectors, offering a more diversified and higher growth potential, which provides a better Beta base during the industrial structure upgrade cycle [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] Group 3: Investor Interest - The number of accounts for the Guotai CSI A500 ETF is the highest among similar products, being more than three times that of the second-ranked product, indicating strong investor interest in the CSI A500 ETF (159338) [1]