The continuous expansion of ETFs has brought about a new situation in the equity investment ecosystem.

On November 12, Jinshi Data News, the ETF scale has risen explosively, and the equity investment ecosystem has changed accordingly: From the perspective of discourse power, passive funds have surpassed active funds and become the central force affecting the market; from the perspective of the investment value chain, institutions are more focused on leading targets, and A-shares are expected to lead the market; from the perspective of market style, the differentiation between large and small caps is becoming more and more obvious, and the activity of small-cap stocks in the medium and short term may become the norm. With the popularity of ETFs, fund companies are also quickly adjusting their structure to embrace new investment opportunities.

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