The organization stated that the foundation of the bull market has not been destroyed, and Southern A500ETF received 256 million yuan in funding to lay out at a low point.

On March 24th, the Southern A500ETF bottomed out and rebounded, closing up 1.16% with a trading volume of 68.81 billion yuan. In terms of fund flow, amidst a deep market adjustment yesterday, 2.56 billion yuan of net funds were subscribed to the Southern A500ETF. The latest share amount is 305.22 billion shares, with a size of 37.1 billion yuan. Guosen Securities believes that this adjustment should be characterized as a pullback in the late stage of a bull market, corresponding to the fourth wave decline in Elliott Wave Theory, rather than a signal of the bull market ending and turning into a bear market. The core reason is that the current bull market's rise in terms of time and space compared to historical averages still has a gap, market valuation and sentiment have not reached extreme levels, and there is still hope for further incremental funds entering the market this year, indicating that the foundation of the bull market has not been destroyed. Huachuang Securities believes that the market has already reached the bottom, and the index returning to 3800 points has been fully priced in. Oversold rebounds are an effective strategy in the latter part of the bull market, and the foundation of the bull market remains solid. Data shows that the Southern A500ETF closely tracks the CSI A500 Index, covering high-quality leading A-share companies in the large and medium market cap sectors, evenly distributed in core areas such as emerging manufacturing, consumer upgrades, and focusing on new productive forces. Investors can use the Southern A500ETF and its feeder funds for one-click portfolio allocation.