China Merchants CSI Animal Husbandry ETF (516670) Rises 1.08% in Early Trading; Hog Prices Fall to 10-Year Low

NewTimeSpace News, as of 09:57 on March 16, 2026, Livestock Breeding ETF (516670) rose 1.08%, with the latest price at 0.75 yuan.In terms of scale, Livestock Breeding ETF has grown by 68.1739 million yuan over the past week, achieving significant growth and ranking 2nd among 4 comparable funds in terms of new scale additions.In terms of shares, Livestock Breeding ETF has reached 1.801 billion shares most recently, hitting a new high for the past month and ranking 2nd among 4 comparable funds.

NewTimeSpace News, as of 09:57 on March 16, 2026, Livestock Breeding ETF (516670) rose 1.08%, with the latest price at 0.75 yuan. Looking at a longer time frame, as of March 13, 2026, Livestock Breeding ETF has cumulatively gained 1.65% over the past week. (The stocks listed above are index constituents only and do not represent specific recommendations.)

In terms of liquidity, Livestock Breeding ETF recorded a turnover rate of 1.45% intraday, with trading volume reaching 20.3896 million yuan. Looking at a longer time frame, as of March 13, the average daily trading volume over the past week was 46.3941 million yuan.

In terms of scale, Livestock Breeding ETF has grown by 68.1739 million yuan over the past week, achieving significant growth and ranking 2nd among 4 comparable funds in terms of new scale additions. (Data Source: Wind)

In terms of shares, Livestock Breeding ETF has reached 1.801 billion shares most recently, hitting a new high for the past month and ranking 2nd among 4 comparable funds. (Data Source: Wind)

Regarding capital inflows, Livestock Breeding ETF has recorded consecutive net capital inflows for the past 5 days, with a maximum single-day net inflow of 29.5832 million yuan, totaling 48.6196 million yuan in "capital attraction," with an average daily net inflow of 9.7239 million yuan. (Data Source: Wind)

Data shows that leveraged funds continue to build positions. Livestock Breeding ETF has seen net buying from leveraged funds for 4 consecutive days, with a maximum single-day net purchase of 1.5327 million yuan, and the latest financing balance reaching 14.1614 million yuan. (Data Source: Wind)

As of March 13, Livestock Breeding ETF has risen 19.31% in net asset value over the past 1 year, ranking first among comparable funds. In terms of return capability, as of March 13, 2026, since its inception, Livestock Breeding ETF has achieved a maximum monthly return of 17.82%, a longest consecutive rising streak of 4 months, a maximum consecutive gain of 18.92%, and an average return of 4.66% during rising months. As of March 13, 2026, the annualized excess return over the benchmark for the past 1 year is 3.53%, ranking 1st among 4 comparable funds.

As of March 13, 2026, the Sharpe ratio of Livestock Breeding ETF over the past 1 month is 1.99, ranking among the top 2 out of 4 comparable funds, indicating higher returns for equivalent risk.

In terms of drawdown, as of March 13, 2026, the maximum drawdown of Livestock Breeding ETF year-to-date is 3.83%, with a relative benchmark drawdown of 0.08%, representing the smallest drawdown among comparable funds. The recovery period after drawdown was 32 days.

In terms of fees, Livestock Breeding ETF has a management fee of 0.20% and a custody fee of 0.10%, representing the lowest fee structure among comparable funds.

Regarding tracking accuracy, as of March 13, 2026, the 1-month tracking error of Livestock Breeding ETF is 0.013%, representing relatively high tracking accuracy among comparable funds.

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

CITIC Securities stated that hog prices have fallen to a 10-year low. With abundant supply, hog prices in the first half of 2026 are expected to fluctuate at low levels. Continued deep losses combined with the gradual deepening of production capacity regulation policies are expected to accelerate subsequent production capacity destocking, with hog industry prosperity anticipated in the fourth quarter of 2026 and 2027. Current sector valuations are at low levels. The firm continues to recommend: leading enterprises with cost advantages and dividend potential; and companies with low valuations.

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