ETF午间收盘涨跌不一，稀土ETF(159713)领涨3.57%，稀土ETF(516780)涨3.44%，稀土ETF嘉实 (516150)涨3.40%，云50ETF(560660)领跌1.32%，5G50ETF(159811)跌1.19%，航空ETF(159392)跌 1.14%。 ...

Core Viewpoint - The market has rebounded to the level of 3400, returning to the position seen in March, following a 10% adjustment over two months, indicating a potential recovery in investor sentiment and market dynamics [1][3]. Group 1: Market Performance - The banking, brokerage, and insurance sectors have surged, contributing to a significant increase in the index, which has now surpassed 3400 [3][9]. - The banking index has reached a historical high, with a total market capitalization exceeding 10 trillion, representing over 10% of the total market capitalization of the CSI All Share Index, which stands at 99 trillion [9]. Group 2: Fund Management Regulations - New regulations for public funds are expected to tie performance assessments to benchmarks and investor profitability, prompting a shift in investment strategies [3][4]. - Most public funds benchmark against the CSI 300 index, leading to a potential increase in buying activity in the index's constituent sectors, particularly in banking and finance [4][5]. Group 3: Investment Strategies - The anticipation of new regulations has led to a tactical shift in fund managers' strategies, with early buying seen as advantageous for cost efficiency [4][6]. - High-profile institutions, including Goldman Sachs, have noted that the financial sector is experiencing a rise due to the new public fund management guidelines, with significant reallocations observed since the announcement on May 7 [7][10]. Group 4: Market Sentiment and Future Outlook - The current market behavior is characterized as a short-term tactical repositioning rather than a fundamental improvement in the market [11][12]. - The expectation is that public funds will increasingly invest in CSI 300 constituents, but fund managers are likely to maintain their research-driven investment approaches to outperform the index over time [12][13].

Core Viewpoint - The ETF market is experiencing mixed performance, with certain ETFs showing significant gains while others are declining, indicating a market adjustment phase [1] Group 1: ETF Performance - The 2000 ETF Enhanced (159553) leads with a gain of 2.49% [1] - The Bank of China Shanghai Gold ETF (518890) follows closely with a rise of 2.46% [1] - The Nonferrous Metals ETF (159871) increases by 1.88% [1] - Conversely, the CSI 2000 ETF Fund (560220) shows a decline of 1.28% [1] - The 5G50 ETF (159811) decreases by 1.05% [1] - The Big Data ETF (515400) falls by 0.96% [1] Group 2: Market Sentiment - The current market adjustment suggests that investors may consider bottom-fishing opportunities in broad-based indices [1]