After the first two days of the contrarian rally, today (April 24, 2024), the food ETF (515710), which reflects the overall trend of the plate, opened lower, and the price on the market once fell to -0.77%, and then gradually recovered, as of the close, the price on the market rose 0.15%, and the daily line was three consecutive yang.
Image Credit: Snowball
In terms of constituents, the food ETF (515710) weighted stocks were mixed. Wuliangye closed up 1.33%, and Luzhou Laojiao, Shanxi Fenjiu, and Kweichow Moutai also closed slightly in the red. In terms of decline, Haitian Flavor closed down 0.68%, Yanghe closed down 0.4%, and Gujing Gongjiu closed down 0.15%.
Image source: Wind
In terms of capital, recently, the eating and drinking sector has been bought by the main funds. Wind data shows that as of the close, the food and beverage sector has received a net inflow of 4.601 billion yuan in the past 5 days, ranking second among the 30 CITIC first-class industries.
Image source: Wind
Foreign capital also flowed into the food and drink sector in large quantities. Wind data shows that yesterday (April 23), the food and beverage sector received a net purchase of 587 million yuan from northbound funds, ranking second in the industry.
Image source: Wind
The popular food ETF (515710) also ushered in a large amount of capital return. Wind data shows that yesterday (April 23), the food ETF (515710) suddenly saw a net subscription of 51.76 million yuan.
Image source: Wind
On the news side, recently, the public fund report for the first quarter of 2024 has been intensively disclosed. GF Securities said that according to the fund's first quarterly report, the total market value of food and beverage fund holdings in the first quarter of 2024 reached 383.71 billion yuan, an increase of 2.93% from the fourth quarter of 2023.
At present, the valuation of the food and drink sector is still at a low level, and the margin of safety is prominent. Wind data shows that as of the close, the price-earnings ratio of the subdivided food index was 24.61 times, which was at the low level of 16.05% quantile in the past 10 years, and the cost performance of medium and long-term allocation was highlighted.
Image source: Wind
Looking forward to the market outlook, Xiangcai Securities said that the macro consumption environment is gradually warming, the report side is performing well, and it is expected that the consumption performance will maintain a good trend during the May Day period. In the near future, we will focus on the performance realization and the growth market brought about by catalytic factors, and pay attention to the main logic of consumption upgrading brought about by income improvement in the medium and long term. Under the trend of obvious concentration and differentiation in the liquor industry, it is recommended to pay attention to high-end and regional leading enterprises. Snacks, soft drinks, and beer among popular products maintained a high degree of prosperity, marginal profit performance improved, and the overall consumption recovery trend was clear.
One-click allocation of core assets in the food and drink sector, related products food ETF (515710). According to the statistics of China Securities Index Company, the food ETF (515710) tracks the theme index of the CSI subdivision of the food and beverage industry, with more than 6 positions in high-end and sub-high-end liquor leading stocks, and nearly 4 positions in taking into account the leading stocks in beverage and dairy products, seasoning, beer and other sub-sectors, and the top ten heavyweight stocks include "Mao Wulu Fenyang", Yili shares, Haitian Flavor, Tsingtao Beer, etc.
The pictures and data in the article are from the Shanghai and Shenzhen Stock Exchanges, Huabao Fund, Wind, Xueqiu, etc., as of April 24, 2024. Risk Warning: Food ETF (515710) passively tracks the CSI Subdivision Food and Beverage Industry Theme Index, the base date of the index is 2004.12.31, released on 2012.4.11, and the composition of the index constituents is adjusted in due course according to the index compilation rules. The index constituents in this article are for illustration purposes only, and the individual stock descriptions are not intended as investment advice of any kind, nor do they represent the position information and trading trends of any fund under the manager. The risk rating of the Fund assessed by the fund manager is R3-Medium Risk, which is suitable for investors with an appropriateness rating of C3 (Balanced) and above. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only, and investors shall be responsible for any investment behavior determined independently. In addition, any opinions, analysis and forecasts in this article do not constitute any form of investment advice to the reader, nor do they assume any responsibility for any direct or indirect losses arising from the use of the content of this article. Fund investment is risky, the past performance of the fund is not indicative of its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of the performance of the fund, so fund investment should be cautious.
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