Guotai CSI Animal Husbandry ETF (159865) Rises 2.17%; Institutions: Hog Breeding Industry to Face Another Round of Capacity Reduction

NewTimeSpace News - As of 10:48 on April 7, 2026, the Guotai Livestock Breeding ETF (159865) rose 2.17%, with its latest price reaching 0.61 yuan. Looking at a longer timeframe, as of April 3, 2026, the ETF has accumulated a gain of 1.01% over the past two weeks. (The stocks listed above are solely index constituents and do not constitute specific investment recommendations.)

In terms of liquidity, the Guotai Livestock Breeding ETF recorded an intraday turnover rate of 1.42% and a trading volume of 69.3101 million yuan. Looking at a longer timeframe, as of April 3, the ETF's average daily trading volume reached 228 million yuan over the past month, ranking first among comparable funds.

Regarding fund size, the Guotai Livestock Breeding ETF has grown by 101 million yuan over the past week, representing a significant increase and ranking 1st among 4 comparable funds in terms of new asset inflows. (Data source: Wind)

In terms of fund shares, the Guotai Livestock Breeding ETF increased by 144 million shares over the past week, achieving substantial growth and ranking 1st among 4 comparable funds in terms of new share additions. (Data source: Wind)

For capital flows, the Guotai Livestock Breeding ETF recorded a net inflow of 85.3881 million yuan in the latest session. Looking at a longer timeframe, the ETF has attracted a total of 78.8693 million yuan over the past 4 trading days. (Data source: Wind)

Data indicates continued positioning by leveraged funds. The Guotai Livestock Breeding ETF recorded a margin purchase of 9.2608 million yuan in the latest session, with its latest margin balance reaching 99.2162 million yuan. (Data source: Wind)

As of April 3, the Guotai Livestock Breeding ETF has gained 3.04% over the past year. In terms of return capability, as of April 3, 2026, since its inception, the ETF has achieved a maximum monthly return of 17.72%, a maximum consecutive rising period of 4 months, a maximum consecutive gain of 17.64%, and an average monthly return of 4.54% during rising months. As of April 3, 2026, the Guotai Livestock Breeding ETF has outperformed its benchmark by 1.42% in annualized returns since inception.

Regarding drawdown, as of April 3, 2026, the Guotai Livestock Breeding ETF's relative benchmark drawdown this year was 0.16%, demonstrating relatively lower drawdown risk among comparable funds.

In terms of fee structure, the Guotai Livestock Breeding ETF charges a management fee of 0.50% and a custody fee of 0.10%.

For tracking accuracy, as of April 3, 2026, the Guotai Livestock Breeding ETF's tracking error over the past 3 months was 0.013%, achieving the highest tracking precision among comparable funds.

Notably, the CSI Animal Husbandry and Breeding Index tracked by the fund is trading at historically low valuations, with a latest price-to-book ratio (PB) of 2.44x, lower than 83.66% of the time over the past year, indicating outstanding valuation attractiveness.

The Guotai Livestock Breeding ETF closely tracks the CSI Animal Husbandry and Breeding Index, which selects listed companies engaged in livestock and poultry feed, livestock and poultry pharmaceuticals, and livestock and poultry breeding as samples to reflect the overall performance of animal husbandry and breeding related listed companies.

Huaan Securities stated that self-bred and self-raised hogs have been losing money for eight consecutive weeks. As policies are gradually implemented and industry losses intensify, the hog breeding industry will face another round of capacity reduction. As of December 2025, capacity has been reduced by 2% cumulatively. Considering that the reduction was mainly concentrated in Q4 2025 and that productivity improvements will offset some of the reduction effects, the hog breeding industry is expected to fall into annual losses in 2026, with a new wave of hog price increases potentially arriving in Q4 2026.

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