风险提示：文中提及的指数成份股仅作展示，个股描述不作为任何形式的投资建议。任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，投资人须对任何自主决定的投资行为 负责。基金投资有风险，基金的过往业绩并不代表其未来表现，基金管理人管理的其他基金的业绩并不构成基金业绩表 现的保证，基金投资须谨慎。 来源:金融界 近期以中证2000为代表的A股小盘行情持续演绎，数据显示，一个多月以来，中证2000增强ETF(159552)激增近10亿元， 年内扩容近70倍，被投资者冠以"小盘之王"称号。同期，中证2000增强ETF(159552)年内涨幅50.5%，远超中证2000指数 的28.96%，远超沪深300的6.8%，中小盘正成为资金追逐的新风口。 业内人士分析，宏观环境、产业催化、资金轮动共同推动了这波中小盘行情。一是海内外流动性宽松预期驱动，弱美元 助推外资流入A股，助力小盘股；二是科技等产业叙事强化，政策主线明确，资金持续流入；三是市场普涨抬高整体中 枢，政策预期催化低位股补涨。而是具备"指数Beta+增强Alpha"双收益特征的增强型ETF，更受投资者关注。 然而 ...

Core Viewpoint - The market is experiencing a strong rally, particularly in small-cap stocks, with significant inflows into the 中证2000增强ETF and 1000ETF增强, which have year-to-date gains of 37.68% and 21.14% respectively [1] Group 1: Market Performance - As of July 24, 中证2000增强ETF (159552) and 1000ETF增强 (159680) rose by 0.11% and 0.82% respectively, with a total inflow of nearly 30 million [1] - The effectiveness of the "dumbbell strategy" has decreased over the past month, indicating a shift in market focus towards mid-cap stocks [1] Group 2: Investment Trends - The combination of (沪深300 + 中证2000) - (中证500 + 中证1000) yielded a return of -0.52% from June 13 to July 11, contrasting with a 3.35% return from January 1 to June 13 [1] - Public funds are increasingly concentrating their holdings in 中证500 and 中证1000 as the earnings season approaches, reflecting a recovery in pricing power [1] Group 3: Future Outlook - The small-cap stocks are expected to continue performing well, with a stronger linear characteristic in the profit effect for small-cap stocks projected for the first half of 2025 compared to 2023 and the second half of 2024 [1] - The trend indicates a potential shift from micro-cap stocks to small-cap stocks, suggesting ongoing opportunities in the small-cap segment [1]