First quarter performance expected to increase, securities ETF ChinaAMC is likely to welcome performance catalysts

On March 17, the securities ETF ChinaAMC (515010) rose by 1.42%. It is expected that the average daily trading volume of stock funds will reach 1.7 trillion yuan in 2025, a year-on-year increase of 61.9%, and the industry's net profit will also grow by 61%. Institutions predict that the net profit of the brokerage sector will increase by 37% year-on-year in the first quarter of 2026. Guangfa Securities analysis believes that the integration of brokerages aligns with policy direction, helping to optimize the industry. Current valuations are low, and the trend of incremental capital entering the market still exists. Capital market reforms will bring business growth opportunities, and performance catalysts are expected to be elastic