Penghua CSI Subdivision Chemical Industry Theme ETF (159870) up 2.41% in early trade, weekly scale jumps > CNY 4 bn

NewTimeSpace News, 10:33 on 28 Jan 2026 – Chemical ETF (159870) gains 2.41% to 0.93 yuan; one-week return to 27 Jan 2026 is +1.33%, ranking 3/6 among peers. (Constituents cited for reference only.)

Liquidity: intraday turnover 2.67%, CNY 839 m traded; one-week average daily turnover CNY 1.985 bn, top among peer funds.

Size: asset base up CNY 4.384 bn over the past week, largest increase among six comparable funds. (Wind)

Shares: units outstanding 34.096 bn, one-year high, ranking 1/6 among peers. (Wind)

Net inflows: 19 consecutive inflow days, peak single-day CNY 1.447 bn, total CNY 12.276 bn, average CNY 646 m per day. (Wind)

Margin: month-to-date net margin buy CNY 13.15 m; outstanding margin balance CNY 528 m. (Wind)

Performance: two-year NAV +67.89%; best month +21.63%; longest winning streak 8 months, cumulative +49.05%; average up-month return +6.19%; annualised out-performance since inception +3.40%. One-year Sharpe 2.38 (23 Jan 2026).

Draw-down: YTD max 2.08% vs benchmark 0.08%; 3-day recovery, fastest among peers.

Fees: management 0.50%, custody 0.10%, among lowest.

Tracking: 3-month error 0.014%, smallest among peers. ETF replicates CSI Sub-divided Chemical Industry Index.

China Galaxy Securities: since 2024 chemical sector capex negative; supply set to shrink on “anti-over-capacity” and overseas closures. 15th Five-Year Plan expands domestic demand; US rate-cut cycle opens demand space. Supply-demand double-bottom confirmed, policy catalyst strong; 2026 may see cyclical up-turn and “Davis double-click” from valuation repair to earnings growth.

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