Strong performance growth, Huaxia Securities ETF is expected to see valuation recovery, with a net inflow of 46.38 million yuan in the past 10 trading days.

On March 31, the three major indexes opened higher and then traded lower. The optical module, lithium battery, and semiconductor sectors were the biggest decliners, while new energy vehicles, white goods home appliances, and medical services concepts led the gainers. The securities sector held up relatively better. As of the midday close, the Huaxia Securities ETF (515010) fell 0.17%. Its holdings were mixed in terms of gains and losses; stocks such as Guoyuan Securities, China Merchants Securities, Dongwu Securities, and others had relatively stronger gains. China Galaxy, Southwest Securities, First Venture, and others were among the top decliners. The Huaxia Financial Technology ETF (516100) fell 0.68%.

According to statistics, the Huaxia Securities ETF saw a net capital inflow of 2.9628 million yuan in its latest figure. In the past 10 trading days, there were net inflows on 6 days, totaling 46.38 million yuan of “capital pulled in.”

Professional analysts pointed out that the securities sector is currently in a divergence phase characterized by “earnings having high growth potential + valuations being in a depressed state.” With the continued steadying of the macro environment and the ongoing visibility of the effects of high-quality development in the capital markets, trading activity in the equity market is expected to keep improving. Proprietary trading, brokerage, investment banking, asset management, and other businesses are expected to drive the securities companies’ performance to keep growing. In the short term, the market is still affected by geopolitical conflicts, and market risk appetite has not yet improved significantly. As the marginal impact from overseas disturbances weakens, market risk appetite is expected to recover. Securities sector companies with a margin of safety from “earnings growth + valuation decline” are expected to see valuation repairs.

The Huaxia Securities ETF closely tracks the CSI All-Industry Securities Companies Index. As of February 27, 2026, the top ten weight stocks in the index are East Money, CITIC Securities, Guotai Huarong, Huatai Securities, China Merchants Securities, GF Securities, Oriental Securities, Industrial Securities, Shenwan Hongyuan, and CICC. The combined share of the top ten weight stocks is 60.15%.

(The stocks listed above are only index constituent stocks and do not imply any specific recommendation.)

In terms of fees, the management fee rate for the Huaxia Securities ETF is 0.15%, and the custody fee rate is 0.05%. Its fee level is the lowest among comparable funds.

Huaxia Securities ETF (515010), Off-exchange subscription A: 007992; Connection C: 007993; Connection D: 023766).