Core Viewpoint - The market is experiencing significant fluctuations, with a notable increase in leveraged funds, particularly in small-cap stocks, which may drive further momentum in this segment [1][8]. Group 1: Market Dynamics - The net inflow of margin trading reached 39.3 billion, marking the highest level since 2025, indicating strong market interest [1]. - The ChiNext 1000 index has risen by 20.81% year-to-date, but has underperformed the 1000ETF Enhanced (159680) by 8.36%, which has increased by 29.17% [1]. - The current trading environment shows a shift towards active small-cap stocks, with retail investors and speculative funds driving the market [8]. Group 2: Investment Strategies - Investors are concerned about the volatility of small-cap stocks, leading to a preference for diversified tools like the 1000ETF Enhanced, which mitigates risks while enhancing returns through quantitative strategies [6][9]. - The consensus is shifting towards small-cap stocks, particularly those in high-growth sectors such as manufacturing, hard technology, and pharmaceuticals, which are believed to have better innovation capabilities and earnings elasticity compared to large-cap stocks [9]. - For those looking to invest in small-caps but lacking stock-picking skills, a systematic investment approach through the 1000ETF Enhanced is recommended, especially during market pullbacks [9].

有人觉得，当前以中证2000为代表的小票，已经处在牛市即将加速的酝酿阶段，接下来等一根大阴线就可以满仓。但也有人觉得，面对中证2000的连续拉升 内心特别害怕，感觉非常容易错过低点在高位站岗。 上午三大指数冲高有压力，临近午盘再度翻绿。中证2000则相对抗压，午盘基本都在水面上面震荡，最终收涨0.26%。 数据来源：Wind，截至2025.7.31 可以说现在大家对中证2000持续走强是又爱又恨。 所以对于接下来还在等上车机会的朋友，极有可能会重演2020年小票牛市的追高经历：苦等恐慌大阴线→终于暴跌却不敢买→反弹时高位接盘→最终在震荡 中割肉。更不用说，现在杠杆资金还在持续进场，恐慌盘不知何时等到，真等到了也需要勇气。 最后结果则是，当绝大部分人还在等一根中证2000的"大阴线"来抄底时，指增量化策略早已吃满20%超额收益，这场小微盘行情似乎根本没给犹豫者发车 票。 例如年内第一只收益突破40%的宽基ETF，就是跟踪指数的中证2000增强ETF（159552），目前相对指数的超额收益约19%。 而像早就持有中证2000增强ETF（159552）这类指增的剧本却是：量化策略监控小微股→捕捉政策、流动性、定价差 ...