Short-term fluctuations provide opportunities to buy on dips. A500ETF South has received net subscriptions for 5 consecutive days.

On February 4th, the A500ETF from Southern Fund continued to be active, with a trading volume of 6.5 billion yuan as of the time of writing. In terms of fund flow, it received a net purchase of 973 million yuan yesterday, and has had net purchases for 5 consecutive days, with a net inflow of 1.36 billion yuan over the past five days. CICC stated that the current A-share market is well-funded, with improved performance and industry trends catalyzing positive factors that have not changed. Short-term fluctuations have already begun to provide buying opportunities at lows. In the medium term, the restructuring of the international order resonating with the trend of industrial innovation in China is the core driving force behind the current market rise and revaluation of Chinese assets; the transformation brought about by the restructuring of the global monetary order and the power of capital flow may be greater than the fundamental forces of a single moment, country, or market. These two conditions have not changed, and will continue to support the performance of Chinese assets in 2026. China Merchants Securities believes that the market will be fluctuating in February, and after the Spring Festival, with the approaching of the two sessions, policy catalysis will accelerate, leading to better performance of the indices after the Spring Festival. In terms of investment focus, previous gainers are beginning to spread to petroleum and petrochemicals, food and beverages, with continuous catalysts in AI and semiconductors, and the construction materials benefiting from the major projects of the "15th Five-Year Plan". Accelerated rotation may be the most important characteristic of February. Data shows that the China A500 Index tracked by A500ETF Southern Fund has significant advantages, with its composition aligning with the background of the conversion from old to new energy, covering a large number of new quality production-related targets, and balancing beta returns with growth potential. Investors can use A500ETF Southern Fund for one-click deployment.