Securities ETF (159841) Weekly Net Subscriptions Exceeded 180 Million Shares, Ranking First Among Same-Category Products in Shenzhen Market; Institutions: Brokerage Sector Offers Both Defensive and Rebound Offensive Capabilities

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Last Friday (March 20), the Shanghai Composite Index fluctuated and fell below the six-month moving average, breaking the 4,000-point mark. By the close, the CSI All Share Securities Company Index dropped 1.77%, with Huaxin Shares rising over 1% among its constituent stocks.

Among related ETFs, the Securities ETF (159841) had a daily trading volume of 357 million yuan, ranking first among similar products in the Shenzhen market. According to Wind Financial Terminal data, this ETF received over 180 million units of net subscriptions on that day, also ranking first among similar products in the Shenzhen market.

In terms of capital flow, Wind Financial Terminal data shows that as of March 19, the net inflow rate of this ETF over the past 20 days was 8.44%, ranking first among its peers.

The Securities ETF (159841) closely tracks the CSI All Share Securities Company Index, which focuses on large-cap securities leaders in A-shares, including both traditional securities giants and fintech leaders. The ETF also allocates to over-the-counter securities ETF linked funds (A: 008590, C: 008591).

Galaxy Securities stated that in the current environment, medium- and long-term funds are accelerating into the market, maintaining high market activity. The capital market continues its “healthy bull” trend with high certainty. Wealth management transformation, international business expansion, and financial technology empowerment are expected to become drivers for industry ROE improvement. Currently, the valuation of the securities broker sector is at a historic low, offering both defensive and rebound opportunities.

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