Institution: With hog prices rising ahead of the holiday, brokers flag early-cycle entry,China Merchants CSI Animal Husbandry ETF(516670) up 0.71% in early trade
NewTimeSpace News, as of 11:07 on 26 January 2026, the Animal Husbandry ETF (516670) has added 0.71% to 0.71 yuan. Over the past week ended 23 January 2026 the fund has gained 0.29%, ranking second among four comparable funds. (The stocks cited are index constituents only and do not constitute any recommendation.)
Liquidity: intraday turnover is 0.74% with 9.767 million yuan traded; the average daily turnover over the past year is 29.434 million yuan.
Size: the ETF’s asset base stands at 1.325 billion yuan, ranking second among four comparable funds. (Source: Wind)
Shares: outstanding units have increased 11.0 million over the past week, the largest increase among four peer funds. (Source: Wind)
Net inflows: the fund has recorded three consecutive days of inflows, the largest single-day amount being 4.207 million yuan, totalling 7.718 million yuan or an average 2.573 million yuan per day. (Source: Wind)
Performance: net value has risen 18.04% over the past year, ranking first among comparable funds. Since inception the best monthly return is 17.82%, the longest winning streak is four consecutive months with a cumulative 18.92% gain, and the average return in up months is 4.78%. Annualised out-performance versus the benchmark over the past three months is 4.06%, ranking first among four peer funds.
Risk metrics: one-year Sharpe ratio is 1.26 as of 23 January 2026, also first among four peers, indicating the highest return per unit of risk.
Draw-down: year-to-date maximum draw-down is 2.31% versus 0.02% for the benchmark, the smallest among comparable funds, with a one-day recovery period.
Fees: management fee 0.20%, custody fee 0.10%, the lowest in the peer group.
Tracking: year-to-date tracking error is 0.011%, among the lowest in the category. The ETF replicates the CSI Animal Husbandry Index, which covers listed companies engaged in feed, veterinary products and livestock/poultry farming.
Valuation: the underlying index’s latest price-to-book ratio is 2.49×, lower than 87.51% of readings over the past five years—an historical low.
Huaxi Securities notes that pre-holiday consumption has lifted hog prices, pushing farms back into profit and slowing near-term capacity exit. After the festival—traditionally a low season—and with Q3-2025 breeding-sow numbers still above the official target, capacity is expected to be liquidated more quickly, creating an early-cycle entry point for the swine segment.
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