Hwabao WP CSI Medical Service ETF (512170) Falls 0.90% in Early Trading; Institutions: 15th Five-Year Plan Expected to Continuously Promote Biomedical Industry Development
NewTimeSpace News: As of 11:05 on March 20, 2026, Healthcare ETF (512170) fell 0.90%, with the latest price at 0.33 yuan. (The stocks listed above are index constituents only, with no specific recommendation intended.)
In terms of liquidity, Healthcare ETF recorded an intraday turnover rate of 1.27%, with trading volume reaching 349 million yuan. Looking at a longer time frame, as of March 19, the ETF's average daily trading volume over the past year was 631 million yuan, ranking first among comparable funds. (Data source: Wind)
In terms of scale, Healthcare ETF's assets under management grew by 1.515 billion yuan over the past year, achieving significant growth, with the new scale ranking 1st out of 4 comparable funds. (Data source: Wind)
In terms of shares, Healthcare ETF's latest share count reached 83.222 billion shares, hitting a new high for the past year, and ranking 1st out of 4 comparable funds. (Data source: Wind)
Regarding net capital inflows, Healthcare ETF has recorded consecutive net capital inflows for 6 days, with a single-day high of 293 million yuan in net inflows, totaling 694 million yuan in "capital attraction," with an average daily net inflow of 116 million yuan. (Data source: Wind)
Data shows that leveraged funds continue to build positions. Healthcare ETF has recorded net margin purchases for 4 consecutive days, with a single-day high of 111 million yuan in net purchases, with the latest margin balance at 1.18 billion yuan. (Data source: Wind)
In terms of return capability, as of March 19, 2026, since its inception, Healthcare ETF's highest monthly return was 29.81%, the longest consecutive rising period was 6 months, the longest consecutive rising gain was 26.58%, and the average return rate during rising months was 6.80%. As of March 19, 2026, Healthcare ETF's annualized excess return over the benchmark since inception was 1.69%.
In terms of drawdown, as of March 19, 2026, Healthcare ETF's relative benchmark drawdown year-to-date was 0.12%.
In terms of fees, Healthcare ETF has a management fee of 0.50% and a custody fee of 0.10%.
In terms of tracking accuracy, as of March 19, 2026, Healthcare ETF's tracking error over the past five years was 0.038%, demonstrating the highest tracking precision among comparable funds.
Notably, the CSI Healthcare Index tracked by this fund is currently at historically low valuations, with the latest price-to-book ratio (PB) at 3.35 times, lower than 81.1% of the time over the past 3 years, indicating outstanding valuation attractiveness.
Healthcare ETF closely tracks the CSI Healthcare Index. The CSI Healthcare Index selects listed company securities from the healthcare industry involved in medical devices, medical services, medical informatization, and other healthcare themes as index samples to reflect the overall performance of healthcare theme listed company securities.
China Galaxy Securities stated that the 15th Five-Year Plan is expected to continuously promote the development of the biomedical industry, with optimism for 2026 pharmaceutical industry investment opportunities. After recent volatile adjustments, valuations have fallen back to relatively low levels, expected to restart an upward trend. Investment thinking focuses on finding pharmaceutical hard technology and segmented track alpha, recommending attention to innovative drugs (BIC and FIC pipeline leaders), innovative devices (imaging, high-value consumables, consumer devices, etc.), and medical AI directions, while paying attention to pharmaceutical consumption recovery and independent third-party ICL.
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