【环球网财经综合报道】今年上半年，银行股是市场中的当红板块。数据显示，银行指数上涨13.1%，在所有申 万行业指数中排名第二。与此同时，银行、红利等主题ETF吸引了众多资金涌入，成为投资者眼中的"香饽饽"。 而到下半年，截至8月5日，近一个月来，申万一级行业指数中，银行指数跌幅达到3.4%，跌幅位居指数之首，多 只银行主题ETF近一个月跌超2%。不过，同样截至8月5日，中证银行指数触底反弹，迎来三连阳，当日指数涨幅 达到1.6%。板块多数个股飘红，共有15只银行股当日涨超2%。 ETF方面，规模超百亿的华宝银行ETF当日成交额超11亿元，排在股票型ETF第14位，全天放量上涨；银行AH优 选ETF当日涨幅为2.15%，领跑所有股票型ETF；多只银行主题ETF涨超1.5%。 实际上，连续调整后的银行板块早已被资金提前布局。截至8月4日，近一个月来，南方红利低波50ETF、华宝银 行ETF区间净流入额位居股票型ETF前二，分别为34.58亿元和30.16亿元。其中，红利低波50ETF跟踪指数为标普 中国A股大盘红利低波50指数，银行股权重占比超30%。此外，华泰柏瑞红利低波ETF区间净流入额为23.99亿 元，位 ...

Core Viewpoint - The banking sector has shown strong performance in 2023, with major banks' stock prices reaching historical highs and individual bank stocks experiencing significant gains, indicating a favorable investment environment for bank equities [1][4][6]. Group 1: Performance and Trends - As of July 10, 2023, the banking sector has seen individual stock gains exceeding 35% year-to-date, with the banking index rising over 20% [1][4]. - Major banks such as ICBC, Agricultural Bank of China, China Construction Bank, and Bank of China have all recorded increases, contributing to a total market capitalization exceeding 10 trillion [4]. - The ETF linked to banking stocks has also performed well, with an average return of around 20% this year [3][5]. Group 2: Investment Allocation - Public funds have significantly underweighted the banking sector, with active equity funds allocating less than 4% to bank stocks, indicating a potential for increased investment [3][8]. - The theoretical allocation for the banking sector should be around 296.5 billion, suggesting a potential influx of over 200 billion if funds align with performance benchmarks [9][10]. - The current holdings of public funds in bank stocks are low, with the largest holdings concentrated in a few banks, such as China Merchants Bank and Industrial Bank [5][8]. Group 3: Reasons for Growth - The rise in bank stocks is attributed to their attractive valuation, high dividend yield, and defensive characteristics, making them appealing in the current macroeconomic environment [2][6]. - The banking sector is seen as a low-volatility, high-return investment option, especially as the economic landscape stabilizes and policies support growth [6][10]. - Historical comparisons show that banks have outperformed other high-dividend assets, particularly as funds shift from real estate to banking stocks [7][11]. Group 4: Future Outlook - There is an expectation that public funds will increase their allocation to bank stocks, driven by the sector's strong fundamentals and improving asset quality [10][12]. - The banking sector's low correlation with cyclical fluctuations positions it favorably for long-term investment, especially as bad debt ratios improve [11][12]. - The ongoing rebalancing of public fund portfolios is likely to favor bank stocks, enhancing their attractiveness to institutional investors [12].