居民存款迁移迎机遇，证券ETF（512880）涨超1%，连续3日资金净流入超7亿元

Group 1 - The core viewpoint of the article highlights the opportunities arising from the migration of residents' deposits, which is expected to benefit the non-bank financial sector significantly in the current year [1] - The steady mechanism for the stock market is continuing to develop, leading to a notable increase in the attractiveness of equity assets as volatility decreases, suggesting a potential slow bull market [1] - Various business segments, including insurance dividend policies, brokerage wealth management, and asset management, are expected to benefit from the diversification of residents' wealth entering the market [1] Group 2 - Despite a slight decline in market activity before the Spring Festival, the trading volume and new fund issuance have seen significant growth since the beginning of the year, with new stock accounts increasing unexpectedly in January 2026 [1] - The influx of resident funds into the market is accelerating, which is favorable for brokerage firms' brokerage and wealth management businesses, maintaining a high level of prosperity in the brokerage sector [1] - The current valuation of the brokerage sector and institutional holdings remain low, indicating that market fluctuations do not affect the mid-term logic of the sector, with retail and wealth management expected to benefit first [1] Group 3 - The Securities ETF (512880) tracks the Securities Company Index (399975), which selects listed companies in the securities industry from the A-share market to reflect the overall performance of these companies [1] - The index primarily consists of stocks from securities companies, covering firms of various sizes, thus possessing high industry representativeness and market influence, capable of reflecting the cyclical characteristics of the securities market [1]