证券ETF（512880）涨超1.1%，近20日资金净流入超1.6亿元，聚焦长期价值重塑行业生态

Core Viewpoint - The new regulations for public fund performance benchmarks aim to reshape the industry by addressing issues such as ambiguous benchmarks and style drift, promoting a shift from a "scale-oriented" to a "capability-oriented" approach, and fostering a long-term value investment ecosystem [1] Group 1: Regulatory Changes - The new regulations establish a comprehensive control system covering representation, constraints, assessment, and supervision, mandating alignment between benchmarks and product strategies [1] - Performance benchmarks will be linked to fund manager compensation, encouraging managers to focus on generating long-term returns for investors [1] Group 2: Impact on Investment Culture - The implementation of clear benchmarks is expected to enhance investment transparency and foster a rational investment culture, attracting more medium- to long-term capital into the market [1] - By reducing short-term speculation and style drift, the regulations aim to guide fund managers back to their core mission of creating long-term value for investors [1] Group 3: Market Representation - The Securities ETF (512880) tracks the Securities Company Index (399975), which includes listed companies involved in securities brokerage, investment banking, and asset management, reflecting the overall performance of the securities industry [1] - This index covers major securities service providers in China, demonstrating strong market representation and industry characteristics [1]