CITIC Securities: Stock ETF recommendation Focus on computer, humanoid robots, electricity and utilities, coal, basic chemicals and other sectors.

CITIC Securities pointed out that the net outflow speed of stock ETF funds is slowing down, and funds continue to migrate to bond ETF assets. From the perspective of market participants' expectations for the long cycle, industry and investment consensus points to cyclical undervalued recovery sectors. Taking into account the long-term perspective of market participants' expectations and the multi-dimensional comprehensive monitoring results of short-term SDISS, it is suggested to focus on sectors such as computers, robotics, electricity and utilities, coal, basic chemicals, etc.