On March 5, *slightly**, China A50 ETF rose first, as of 13:10, up 085%。
The research report of China Securities Construction Investment pointed out that the northbound funds returned significantly last week, with a net inflow of 235 for the whole week500 million yuan. The northbound capital allocation plate has had a net inflow of nearly 30 billion yuan for four consecutive weeks, releasing an optimistic signal for the market. With the continuous improvement of global financial conditions and the domestic market environment, the short-term elasticity of northbound funds may be greater than that of incremental funds in other markets, which may also have a greater marginal impact on the short-term market style.
The MSCI China A 50 Connect Index selects A-shares** and mid-cap** listed on the Shanghai and Shenzhen stock exchanges, and can be accessed through Northbound trading. The index balances the allocation of value and growth style, including pro-cyclical sectors such as banks and electricity, as well as growth sectors such as new energy, electronics, and computers, which can freely respond to potential style switching. In terms of valuation, the index traded at a price-to-earnings ratio of 1022 times, which is at the lower position of the 25% quantile of historical valuation, and there is more room for future valuation repair, and the investment value is revealed. It is recommended to pay attention to China A50 ETF (159602sz)。