On October 9, the market collectively declined in early trading. The GEM index fell below 3,000 points, and the Shanghai index fell 1.21%. In this context, the low-dividend ETF Huatai Berry bucked the trend and rose 0.25% to 1.215 yuan, with a turnover rate of 1.03% and a half-day turnover of 326 million yuan, ranking first among similar ETFs. According to the news, on October 8, the central bank launched an overnight reverse repurchase operation of 606 billion yuan and a 3-month reverse buyout operation of 1.2 billion yuan. Considering the amount of various instruments due on the same day, the total net return of the open market was 408.5 billion yuan. Industry insiders believe that factors such as cash return after the National Day holiday and early fiscal expenditure are expected to support capital in early October; in the middle and late stages, attention should be paid to disturbances caused by tax payments, monthly overruns, and the expiration of medium- to long-term liquidity instruments. Galaxy Securities pointed out that in October, it will focus on performance and policy verification. In terms of configuration, focus on three opportunities: the first is a selection of technological growth, focusing on the direction of semiconductors, optical communications, and servers. The second is verification of policy expectations. The focus is on tracking the implementation of major projects and the formation of physical workload, focusing on power grids, energy storage/power facilities, building materials, construction machinery, etc. The third is a dividend deposit. There are too many foreign disruptors, and defensive assets such as finance, utilities, and coal still have allocation value. Li Xuewei of the HSBC Jinxin Fund said that domestic equity assets have sufficient space. Under the “anti-internal circulation” policy and fiscal and monetary coordination, corporate profits and ROE are in a recovery cycle, and A-shares are expected to receive medium- to long-term support under the dual drive of the numerator side and the denominator side. The focus is on three major directions: the midstream manufacturing and consumer sector, which has benefited from stable economic recovery and improved supply and demand; high dividend dividends with defensive value; and opportunities for technological growth that are still booming even after performance delivery tests. Investors can use the low-dividend ETF Huatai Berry as a base position, and investors without a stock account can also allocate it through its OTC linked fund.

On October 9, the market collectively declined in early trading. The GEM index fell below 3,000 points, and the Shanghai index fell 1.21%. In this context, the low-dividend ETF Huatai Berry bucked the trend and rose 0.25% to 1.215 yuan, with a turnover rate of 1.03% and a half-day turnover of 326 million yuan, ranking first among similar ETFs. According to the news, on October 8, the central bank launched an overnight reverse repurchase operation of 606 billion yuan and a 3-month reverse buyout operation of 1.2 billion yuan. Considering the amount of various instruments due on the same day, the total net return of the open market was 408.5 billion yuan. Industry insiders believe that factors such as cash return after the National Day holiday and early fiscal expenditure are expected to support capital in early October; in the middle and late stages, attention should be paid to disturbances caused by tax payments, monthly overruns, and the expiration of medium- to long-term liquidity instruments. Galaxy Securities pointed out that in October, it will focus on performance and policy verification. In terms of configuration, focus on three opportunities: the first is a selection of technological growth, focusing on semiconductors, optical communications, and servers. The second is verification of policy expectations. The focus is on tracking the implementation of major projects and the formation of physical workload, focusing on power grids, energy storage/power facilities, building materials, construction machinery, etc. The third is a dividend deposit. There are too many foreign disruptors, and defensive assets such as finance, utilities, and coal still have allocation value. Li Xuewei of the HSBC Jinxin Fund said that domestic equity assets have sufficient space. Under the “anti-internal circulation” policy and fiscal and monetary coordination, corporate profits and ROE are in a recovery cycle, and A-shares are expected to receive medium- to long-term support under the dual drive of the numerator side and the denominator side. The focus is on three major directions: the midstream manufacturing and consumer sector, which has benefited from stable economic recovery and improved supply and demand; high dividend dividends with defensive value; and opportunities for technological growth that are still booming even after performance delivery tests. Investors can use the low-dividend ETF Huatai Berry as a base position, and investors without a stock account can also allocate it through its OTC linked fund.