China Merchants CSI Animal Husbandry ETF (516670) Rises 1.14% in Early Trading; Institutions: Hog-Related Sectors Currently at Relatively Low Valuations
NewTimeSpace News: As of 10:36 on February 27, 2026, Livestock and Aquaculture ETF (516670) rose 1.14%, with the latest price at 0.71 yuan. Looking at a longer time frame, as of February 26, 2026, Livestock and Aquaculture ETF has cumulatively increased 1.01% over the past two weeks, ranking 2nd out of 4 comparable funds in terms of gains. (The stocks listed above are index constituents only, with no specific recommendation intended.)
In terms of liquidity, Livestock and Aquaculture ETF recorded an intraday turnover rate of 1.51%, with trading volume reaching 18.9477 million yuan. Looking at a longer time frame, as of February 26, the ETF's average daily trading volume over the past month was 31.1959 million yuan. (Data source: Wind)
In terms of scale, Livestock and Aquaculture ETF's assets under management grew by 10.589 million yuan over the past two weeks, achieving significant growth, with the new scale ranking 2nd out of 4 comparable funds. (Data source: Wind)
In terms of shares, Livestock and Aquaculture ETF's share count increased by 627 million shares over the past six months, achieving significant growth, with the new shares ranking 2nd out of 4 comparable funds. (Data source: Wind)
As of February 26, Livestock and Aquaculture ETF's net value has risen 16.48% over the past year, ranking first among comparable funds. In terms of return capability, as of February 26, 2026, since its inception, Livestock and Aquaculture ETF's highest monthly return was 17.82%, the longest consecutive rising period was 4 months, the longest consecutive rising gain was 18.92%, and the average return rate during rising months was 4.66%. As of February 26, 2026, Livestock and Aquaculture ETF's annualized excess return over the benchmark over the past year was 3.50%, ranking 1st out of 4 comparable funds.
In terms of drawdown, as of February 26, 2026, Livestock and Aquaculture ETF's maximum drawdown year-to-date was 3.83%, with a relative benchmark drawdown of 0.04%, representing the smallest drawdown among comparable funds.
In terms of fees, Livestock and Aquaculture ETF has a management fee of 0.20% and a custody fee of 0.10%, representing the lowest fee structure among comparable funds.
In terms of tracking accuracy, as of February 26, 2026, Livestock and Aquaculture ETF's tracking error over the past two months was 0.012%, demonstrating relatively high tracking precision among comparable funds.
Notably, the CSI Livestock and Aquaculture Index tracked by this fund is currently at historically low valuations, with the latest price-to-book ratio (PB) at 2.54 times, lower than 81.97% of the time over the past 5 years, indicating outstanding valuation attractiveness.
Livestock and Aquaculture ETF closely tracks the CSI Livestock and Aquaculture Index. The CSI Livestock and Aquaculture Index selects listed company securities involved in livestock and poultry feed, livestock and poultry pharmaceuticals, and livestock and poultry farming as samples to reflect the overall performance of livestock and aquaculture-related listed companies.
Institutional sources noted that the hog industry is currently exhibiting a pattern of seasonal price bottoming, accelerated destocking, and overall stable capacity. Hog-related sectors are currently at relatively low valuations. Without considering hog price scenarios, quality companies can achieve stock IRR of over 10% through excess profits alone. Subsequently, with improved expectations for hog prices, hog enterprises' profitability is expected to recover, with a focus on quality hog enterprises.
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