Penghua CSI Alcoholic Drink Index ETF(512690) Rises 2.18% Intraday,Institutions Note Supported Baijiu Demand and Favorable Allocation Value

NewTimeSpace News:As of 13:05 on February 4, 2026, the CSI Wine Index (399987) surged 2.17%. Among its constituent stocks, Huangtai Wine Industry rose 9.03%, Jiugui Wine climbed 4.91%, Shanxi Fen Wine advanced 4.32%, while other stocks such as Yanjing Beer and Kuaijishan followed suit. ThePenghua CSI Alcoholic Drink Index ETF (512690) rose 2.18%, approaching a three-day winning streak, with the latest price at RMB 0.56. Over a longer time frame, as of February 3, 2026, the ETF had achieved a cumulative increase of 6.78% in the past week. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

In terms of liquidity, thePenghua CSI Alcoholic Drink Index ETF recorded an intraday turnover rate of 5.68% and a trading volume of RMB 1.121 billion. Looking back, as of February 3, the ETF's average daily trading volume in the past week reached RMB 2.329 billion.

Regarding scale, the latest size of thePenghua CSI Alcoholic Drink Index ETF stood at RMB 19.492 billion. (Data source: Wind)

For capital inflows, thePenghua CSI Alcoholic Drink Index ETF recorded a latest net capital inflow of RMB 40.6215 million. Over the recent 10 trading days, it achieved net capital inflows on 8 days, accumulating a total of RMB 867 million in "capital absorption" with an average daily net inflow of RMB 86.6876 million. (Data source: Wind)

Data shows that leveraged capital has been continuously deploying in the ETF. The latest margin purchase amount of thePenghua CSI Alcoholic Drink Index ETF reached RMB 158 million, and the latest margin trading balance stood at RMB 914 million. (Data source: Wind)

In terms of profitability, as of February 3, 2026, since its establishment, thePenghua CSI Alcoholic Drink Index ETF has achieved a maximum monthly return of 26.08%, the longest consecutive monthly growth period of 5 months with a cumulative increase of 85.52%, and an average monthly return of 8.18% in upward months. As of February 3, 2026, the ETF's annualized excess return over the benchmark in the past two years was 2.61%.

Regarding drawdown, as of February 3, 2026, the ETF's maximum drawdown since the beginning of the year was 6.92%, with a relative benchmark drawdown of 0.17%. The number of days to recover after the drawdown was 2 days.

In terms of fees, thePenghua CSI Alcoholic Drink Index ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%.

For tracking accuracy, as of February 3, 2026, the ETF's tracking error in the past month was 0.062%.

From a valuation perspective, the latest price-earnings ratio (PE-TTM) of the CSI Wine Index tracked by thePenghua CSI Alcoholic Drink Index ETF is only 19.32 times, at the 13.67% quantile of the past five years. This means the valuation is lower than 86.33% of the time in the past five years, standing at a historical low level.

ThePenghua CSI Alcoholic Drink Index ETF closely tracks the CSI Wine Index. This index selects listed company securities engaged in businesses such as baijiu, beer, and wine brewing as index samples to reflect the overall performance of listed company securities related to the wine industry.

Data shows that as of January 30, 2026, the top 10 weight stocks of the CSI Wine Index (399987) were Kweichow Moutai Co., Ltd., Wuliangye Yibin Co., Ltd., Luzhou Laojiao Co., Ltd., Shanxi Fen Wine Industry Co., Ltd., Yanghe Co., Ltd., Jinsiyuan Wine Co., Ltd., Gujing Gongjiu Co., Ltd., Tsingtao Brewery Co., Ltd., Yanjing Beer Co., Ltd., and Shede Wine Industry Co., Ltd., with a combined weight of 77.45%. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

Kaiyuan Securities stated that from a long-term perspective, investment in the baijiu sector shows obvious cyclicality, and there will still be investment opportunities if the macroeconomic environment improves. In the short term, Moutai's wholesale price has bottomed out and rebounded amid increased supply, proving that demand for leading brands has basically found support and the industry has entered a bottoming-out phase. It is optimistic about the allocation value of baijiu at the current level.

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