加仓！又见加仓

Core Viewpoint - The A-share market experienced a significant correction recently, with major indices declining, while stock ETFs attracted substantial inflows as investors adopted a "buy the dip" strategy, indicating a preference for safe-haven assets like gold and bank ETFs [2][4][12]. Fund Flows - During the week from October 13 to October 17, stock ETFs (including cross-border ETFs) saw a net inflow of 491.73 billion yuan, with all trading days except October 16 showing net inflows [6]. - On October 17, the leading inflows were seen in commodity and Hong Kong stock ETFs, with net inflows of 55.71 billion yuan and 47.91 billion yuan, respectively [6]. - Gold ETFs tracking the SGE Gold 9999 index had a notable single-day net inflow of 49.26 billion yuan, while ETFs tracking the CSI A500 index saw a significant outflow of 21.24 billion yuan [6]. Performance of Specific ETFs - Major fund companies continued to see net inflows in their ETFs, with E Fund's ETF reaching a scale of 794.72 billion yuan, increasing by 194.07 billion yuan since 2025 [7]. - Specific ETFs such as the Gold ETF from Huaxia and the Hang Seng Technology ETF saw net inflows exceeding 10 billion yuan, indicating strong investor interest [7][10]. - The top ten ETFs by net inflow included multiple gold ETFs, with the Huaan Gold ETF alone attracting over 63.48 billion yuan [10]. Market Sentiment and Outlook - The recent market style shift has favored safe-haven assets, with gold and bank ETFs receiving significant attention from investors [8][9]. - Analysts from Huaxia Fund noted that while gold may be overbought in the short term, its long-term outlook remains positive due to factors like interest rate expectations and geopolitical tensions [11]. - The banking sector is expected to maintain stable performance, with analysts predicting that the sector's relative and absolute returns will improve, making it an attractive investment option [12].