Group 1 - Recent market trends show a shift in risk appetite, with funds moving away from previously popular tech sectors like AI and seeking undervalued potential in the consumer sector [1][2] - The consumer sector is seen as a favorable investment opportunity, whether through traditional stable consumption or new consumption models, as current policies support consumption recovery [1][2] - The A-share market's long-term positive trend remains intact, with a focus on corporate earnings becoming increasingly important for market performance [1][2] Group 2 - Traditional consumer sectors have experienced significant declines, with the leading consumer ETF (516130) seeing a nearly 60% drop from its peak, currently close to a 50% decline [2] - The current price-to-earnings ratio (PE) of the consumer index is approximately 18 times, which is lower than 88% of the past five years, while the return on equity (ROE) remains above 20%, indicating strong asset characteristics [2] - The performance of the consumer sector is expected to improve as policies stimulate consumption and market focus shifts to profitability [2] Group 3 - New consumption opportunities driven by new demographics and technologies are emerging, with funds like the Huabao CSI Hong Kong-Shenzhen New Consumption Index Fund (A: 017434; C: 017435) covering a broad range of new consumption stocks [3] - Historical performance of the new consumption index shows significant gains during bull markets, outperforming other indices, indicating potential for higher returns if the consumer sector strengthens [3]