--- title: "The Securities ETF (159841) had a net subscription of over 180 million units last Friday, ranking first among the same category in the Shenzhen market. Institutions: The brokerage sector has both defensive and rebound capabilities" type: "News" locale: "en" url: "https://longbridge.com/en/news/280079391.md" description: "Last Friday (March 20), the Securities ETF (159841) performed outstandingly in the Shenzhen market, with a net subscription exceeding 180 million shares and a transaction volume of 357 million yuan, both ranking first among the same underlying assets. Despite the Shanghai Composite Index falling by 1.77%, the ETF's net flow rate over the past 20 days was 8.44%. Galaxy Securities pointed out that the current valuation of the brokerage sector is at a historical low, market activity is high, and it is expected that the transformation of wealth management and financial technology will drive the industry to improve ROE, possessing both defensive and rebound advantages" datetime: "2026-03-23T01:19:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/280079391.md) - [en](https://longbridge.com/en/news/280079391.md) - [zh-HK](https://longbridge.com/zh-HK/news/280079391.md) --- # The Securities ETF (159841) had a net subscription of over 180 million units last Friday, ranking first among the same category in the Shenzhen market. Institutions: The brokerage sector has both defensive and rebound capabilities Last Friday (March 20), the Shanghai Composite Index experienced fluctuations and adjustments, falling below the six-month moving average and breaking through the 4,000-point threshold. By the close, the CSI All Share Investment Banking & Brokerage Index dropped by 1.77%, with Huaxin Shares rising over 1% among its constituent stocks. In related ETFs, **the Securities ETF (159841) had a trading volume of 357 million yuan on that day, ranking first among the same category in the Shenzhen market**. According to Wind Financial Terminal data, **this ETF saw a net subscription of over 180 million shares that day, also ranking first among the same category in the Shenzhen market**. In terms of capital flow, Wind Financial Terminal data shows that as of March 19, **the net flow rate of this ETF over the past 20 days was 8.44%, ranking first among the same category**. The Securities ETF (159841) closely tracks the CSI All Share Investment Banking & Brokerage Index, which focuses on large-cap securities leaders in the A-share market, including both traditional securities leaders and financial technology leaders. The Securities ETF (159841) also allocates to the off-market Securities ETF connection funds (A: 008590, C: 008591). **Galaxy Securities** stated that in the current environment, medium- to long-term funds are accelerating their entry into the market, maintaining high market activity. The capital market continues to show a high degree of certainty in sustaining a "healthy bull" trend, with wealth management transformation, international business expansion, and financial technology empowerment expected to drive the industry's ROE improvement. Currently, the valuation of the brokerage sector is at a historical low, balancing both defensive and rebound strategies. ### Related Stocks - [512880.CN](https://longbridge.com/en/quote/512880.CN.md) - [601881.CN](https://longbridge.com/en/quote/601881.CN.md) - [159841.CN](https://longbridge.com/en/quote/159841.CN.md) - [513750.CN](https://longbridge.com/en/quote/513750.CN.md) - [512000.CN](https://longbridge.com/en/quote/512000.CN.md) - [159842.CN](https://longbridge.com/en/quote/159842.CN.md) ## Related News & Research - [Universal Digital Inc. Announces Termination of ETF Partnership Agreement | LFGMF Stock News](https://longbridge.com/en/news/286616540.md) - [1 Rapidly Deteriorating ETF Screams That ‘Shop ‘Til You Drop’ Americans Have All But Keeled Over](https://longbridge.com/en/news/286429552.md) - [Keep Your Portfolio Safe With This Low-Volatility ETF](https://longbridge.com/en/news/286604877.md) - [VanEck, Grayscale file fresh BNB ETF amendments as race for next altcoin spot ETF accelerates](https://longbridge.com/en/news/286652991.md) - ['Biggest bottleneck in the AI buildup' fuels DRAM ETF to record](https://longbridge.com/en/news/286596736.md)