China Merchants CSI Animal Husbandry ETF (516670) Gains 0.84% Against Trend in Morning Trading, Targeting Third Consecutive Rise

NewTimeSpace News - As of 10:11 on January 30, 2026, the Livestock Breeding ETF (516670) gained 0.84% against the market trend, targeting its third consecutive gain. The latest price reached 0.72 yuan. Looking at a longer timeframe, as of January 29, 2026, the ETF posted a cumulative gain of 2.00% over the past week, ranking 2nd out of 4 comparable funds. (Stocks listed above are constituent stocks of the index and do not constitute specific investment recommendations.)

In terms of liquidity, the Livestock Breeding ETF recorded an intraday turnover rate of 1.49%, with trading volume reaching 20.1762 million yuan. Looking at a longer timeframe, as of January 29, the average daily trading volume over the past year stood at 29.4701 million yuan.

On the size front, the Livestock Breeding ETF's assets under management grew by 12.0892 million yuan over the past week, achieving significant growth and ranking 2nd out of 4 comparable funds. (Data source: Wind)

Regarding shares outstanding, the Livestock Breeding ETF's share count grew by 629 million units over the past six months, achieving significant growth and ranking 2nd out of 4 comparable funds. (Data source: Wind)

Data shows that leveraged funds continue to build positions. The Livestock Breeding ETF's latest margin purchase amount reached 1.7996 million yuan, with the latest margin financing balance standing at 11.1379 million yuan. (Data source: Wind)

As of January 29, the ETF's NAV has gained 18.34% over the past year, ranking 1st among comparable funds. In terms of return capability, as of January 29, 2026, since the ETF's inception, its highest monthly return reached 17.82%, with the longest consecutive winning streak lasting 4 months and generating a cumulative gain of 18.92%. The average monthly return during up months stands at 4.78%. As of January 29, 2026, the ETF's annualized excess return over its benchmark over the past three months reached 4.04%, ranking 1st out of 4 comparable funds.

As of January 23, 2026, the Livestock Breeding ETF's Sharpe ratio over the past year stood at 1.26, ranking 1st out of 4 comparable funds, indicating the highest returns for equivalent risk.

Regarding drawdowns, as of January 29, 2026, the ETF's maximum year-to-date drawdown was 2.31%, with a relative drawdown against its benchmark of 0.03%, the smallest among comparable funds.

On fees, the Livestock Breeding ETF's management fee rate is 0.20% and custodian fee rate is 0.10%, the lowest among comparable funds.

In terms of tracking accuracy, as of January 29, 2026, the ETF's tracking error over the past month stood at 0.013%, indicating relatively high tracking precision among comparable funds.

Notably, the CSI Livestock Breeding Index tracked by the fund is valued at a historically low level, with the latest price-to-book ratio (PB) of 2.52x, lower than over 85.25% of the time in the past five years, offering compelling valuation attractiveness.

The Livestock Breeding ETF closely tracks the CSI Livestock Breeding Index, which selects listed securities involved in livestock and poultry feed, livestock and poultry medicine, and livestock and poultry breeding as samples to reflect the overall performance of livestock breeding-related listed companies.

Pacific Securities stated that pig prices are rebounding during the peak season, but the magnitude has narrowed. Recently, China's pig farming industry has continued to see capacity reduction, though the pace has slowed. Under the multiple pressures of "rising epidemic risks + policy pressures," the pig farming industry's capacity is expected to continue declining.

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