超127亿，加仓！

Core Viewpoint - On December 18, the A-share market saw mixed performance among the three major indices, while the stock ETF market experienced a net inflow of over 12.7 billion yuan [2]. Group 1: Stock ETF Market Overview - As of December 18, the total scale of 1,280 stock ETFs in the market reached 4.6 trillion yuan, with a net inflow of 12.764 billion yuan on that day [4]. - The increase in fund shares amounted to 9.406 billion units, with broad-based ETFs leading the inflow at 9.4 billion yuan [4]. - The CSI A500 Index ETF had the highest net inflow of 5.293 billion yuan, contributing to a total of over 30.8 billion yuan in the last five trading days [4]. Group 2: Top Performing ETFs - On December 18, 37 ETFs saw net inflows exceeding 1 billion yuan, with the top three being: - E Fund's ChiNext ETF: 1.936 billion yuan - Huatai-PB's A500 ETF: 1.854 billion yuan - Huaxia Fund's A500 ETF: 1.620 billion yuan [5]. - Other notable inflows included the Securities Insurance ETF with 507 million yuan and the Sci-Tech 50 ETF with 442 million yuan [6]. Group 3: Sector-Specific ETF Performance - The military and gaming sector ETFs experienced significant net outflows, with the Military Leaders ETF seeing a net outflow of 612 million yuan [8]. - The top outflowing ETFs included: - Military Leaders ETF: -612 million yuan - Military ETF: -317 million yuan - CSI 1000 ETF: -229 million yuan [9]. Group 4: Market Outlook - Fund managers from E Fund believe that A-shares and Hong Kong stocks still hold significant valuation appeal compared to similar markets, with increasing attractiveness for long-term capital allocation [10]. - ICBC Credit Suisse Fund anticipates a volatile upward trend in the A-share market driven by profit recovery, capital allocation, and policy support, recommending investment in core assets of the Chinese economy [10].