Hwabao WP CSI Food & Beverage Sub-Industry ETF (515710) Rises 1.48% in Early Trading; Institutions: Demand Expected to Gradually Recover Under Policy Catalyst to Expand Consumption

NewTimeSpace News - As of 10:26 on March 27, 2026, the Huabao Food and Beverage ETF (515710) rose 1.48%, with its latest price reaching 0.55 yuan. (The stocks listed above are solely index constituents and do not constitute specific investment recommendations.)

In terms of liquidity, the Huabao Food and Beverage ETF recorded an intraday turnover rate of 1.38% and a trading volume of 19.0782 million yuan. Looking at a longer timeframe, as of March 26, the ETF's average daily trading volume reached 41.4317 million yuan over the past year.

Regarding fund size, the Huabao Food and Beverage ETF's latest AUM stands at 1.363 billion yuan. (Data source: Wind)

In terms of return capability, as of March 26, 2026, since its inception, the ETF has achieved a maximum monthly return of 25.66%, a maximum consecutive rising period of 4 months, a maximum consecutive gain of 37.70%, and an average monthly return of 6.05% during rising months. As of March 26, 2026, the Huabao Food and Beverage ETF has outperformed its benchmark by 3.56% in annualized returns over the past 2 years, ranking 1st among 3 comparable funds.

Regarding drawdown, as of March 26, 2026, the Huabao Food and Beverage ETF's relative benchmark drawdown this year was 0.08%.

In terms of fee structure, the Huabao Food and Beverage ETF charges a management fee of 0.50% and a custody fee of 0.10%, representing the lowest fee level among comparable funds.

For tracking accuracy, as of March 26, 2026, the Huabao Food and Beverage ETF's tracking error over the past year was 0.068%, achieving the highest tracking precision among comparable funds.

From a valuation perspective, the CSI Food and Beverage Subdivision Industry Theme Index tracked by the ETF currently has a price-to-earnings ratio (PE-TTM) of only 19.01x, standing at the 0.79th percentile over the past year, meaning the valuation is lower than 99.21% of the time during the past year, indicating a historically low level.

The Huabao Food and Beverage ETF closely tracks the CSI Food and Beverage Subdivision Industry Theme Index. The CSI Subdivision Industry Theme Index series comprises 7 indices including Subdivision Nonferrous Metals and Subdivision Machinery, which respectively select listed companies with relatively large scale and good liquidity from related subdivision industries as index constituents to reflect the overall performance of listed companies in these subdivision industries.

AJ Securities stated that as policy pressures gradually recede, demand is expected to gradually recover under the policy catalyst to expand consumption. The industry is currently at low valuations with pessimistic expectations fully priced in. It is expected that the direction of industry consolidation will become clearer going forward, with the bottom increasingly evident. Industry efforts to control volume and stabilize prices are driving wholesale price recovery, with relatively stable wholesale prices for ordinary Moutai during the post-holiday off-season showing positive signals. Leading liquor enterprises are driving increased dividend payout ratios, making dividend yields somewhat attractive for allocation.

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