The upward trend of A-shares continues, with the A500 ETF from Southern Fund seeing a significant increase in trading volume and receiving net capital inflow for 4 consecutive days.

On February 3rd, the South A500ETF saw a significant increase in trading volume, with a gain of 1.11% by the time of publication and a trading volume of 78 billion yuan. In terms of fund flows, it has seen net purchases for four consecutive days. The latest holdings are 339.78 billion shares, with a size of 429.21 billion yuan. China Citic Securities stated that the recent concentrated redemption trend of ETFs is basically over, and core stocks are entering a period of recovery. There is a shift in style happening on a large cycle level, from small caps to large caps and from thematic investing to quality investing. The underlying strategy for allocation should still focus on industries in China with competitive advantages that are being globally revalued. Guosen Securities indicated that, from the recent market performance, although the market momentum is slowing down, the upward trend is continuing and the profit-making effects are spreading to a wider range structurally. Investors can use the A500ETF from South Fund and its connected funds to strategically invest in leading companies in new productive sectors.