China Securities Advances to Three-Consecutive Ups, "Bullish Leader" Leads the Way, Over 50 Billion Fund Investment!

The bull still runs! On August 15th, early in the morning, the "Bullish Leader" opened with a straight-line rise after opening, China Securities (002939) advanced to three-consecutive ups, Tianfeng Securities (601162) rose over 7%! A-share top-listed broker ETF (512000) surged to 2.8% and set a new high for the year, with turnover exceeding 8.6 billion yuan!

Yesterday's Shanghai Composite Index fell back to 3700 points, but under the background of rising valuation and incremental funds entering the market, it is not ruled out that the index may experience a more significant fluctuation. However, with liquidity being accommodative and profits repairing, the market sentiment remains optimistic, and it is recommended to focus on stocks with high earnings sensitivity and benefiting from resident funds entering the market, such as brokerages and insurance companies.

Main fund flows are casting their ballots, and within half an hour of opening, they have dumped over 50 billion yuan into non-banking financial stocks. As for individual stocks, East Money Financial (300059) and China Securities have seen main net inflows exceeding 10 billion yuan!

Citigroup Securities points out that multiple brokerages have shone in their half-year earnings, with benefits in brokerage, financing, and investment banking. Additionally, capital market reform is deepening, liquidity is accommodative, and the market index is expected to rise further. Therefore, the broker sector has a bright future ahead.

Broker ETF (512000) fund manager Chen Fengchen points out that, relative to the improving earnings trend, the broker sector has yet to show significant excess returns this year. However, there is still room for catch-up and attention should be paid to it.

As for investment tools, it is recommended to focus on top-listed Broker ETF (512000) and its linked funds (A-class 006098; C-class 007531). The broker ETF tracks the CSI Securities Company Index passively, covering all 49 listed brokerages, with over 60% of the portfolio concentrated among the top 10 leading brokerages. The remaining 40% is allocated to smaller brokerages with high earnings sensitivity. As of now, the fund's scale has exceeded 262 billion yuan, with daily average turnover exceeding 8.37 billion yuan, making it one of the most representative ETFs in the brokerage industry.

Source: Shanghai and Shenzhen Stock Exchanges.

Risk warning: Broker ETF tracks the CSI Securities Company Index passively. The index base date is June 29, 2007, and the release date is July 15, 2013. The constituent stocks of the index are adjusted from time to time according to the rules for compiling this index. The individual stock descriptions in this article are only for reference and do not constitute any form of investment advice or represent the holdings and trading directions of the fund management company. The risk level assessed by the fund manager is R3, suitable for balanced investors (C3) or above.