Guotai CSI Animal Husbandry ETF(159865) Falls 1.29%; Institutions: African Swine Fever and Other Major Epidemics Overall Controllable, Hog Prices Under Short-Term Pressure

NewTimeSpace News - As of 10:58 on April 9, 2026, the Guotai Livestock Breeding ETF (159865) fell 1.29%, with its latest price at 0.61 yuan. Looking at a longer timeframe, as of April 8, 2026, the ETF has accumulated a gain of 2.32% over the past week, ranking 2nd among 4 comparable funds. (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 1.33% and a trading volume of 65.2784 million yuan. Looking at a longer timeframe, as of April 8, the ETF's average daily trading volume reached 221 million yuan over the past month, ranking first among comparable funds.

Regarding fund size, the Guotai Livestock Breeding ETF has grown by 61.3803 million yuan over the past week, representing a significant increase and ranking 2nd 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 57 million shares over the past week, achieving substantial growth and ranking 2nd among 4 comparable funds in terms of new share additions. (Data source: Wind)

For capital flows, the Guotai Livestock Breeding ETF recorded a net outflow of 21.5289 million yuan in the latest session. Looking at a longer timeframe, the ETF has attracted a total of 473 million yuan over the past 22 trading days. (Data source: Wind)

Data indicates continued positioning by leveraged funds. The Guotai Livestock Breeding ETF recorded a margin purchase of 7.4257 million yuan in the latest session, with its latest margin balance reaching 95.0183 million yuan. (Data source: Wind)

As of April 8, the Guotai Livestock Breeding ETF has gained 0.85% over the past year. In terms of return capability, as of April 8, 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 8, 2026, the Guotai Livestock Breeding ETF has outperformed its benchmark by 1.42% in annualized returns since inception.

Regarding drawdown, as of April 8, 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 8, 2026, the Guotai Livestock Breeding ETF's tracking error over the past year was 0.042%, 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 2.51x, lower than 84.48% of the time over the past 5 years, 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.

AVIC Securities stated that since 2025, policy departments have promoted "anti-internal competition" in the hog industry through combined measures including reasonable reduction of sow herds, increased culling of weak piglets, and lowering slaughter weights. The goal is to achieve moderate and reasonable adjustment of capacity supply levels rather than large-scale destocking. Currently, African swine fever and other major epidemics are overall controllable, with the industry's prevention and control system significantly strengthened compared to the past, making cyclical operations more rational. Against this backdrop, although hog prices are under short-term pressure, high-quality enterprises with cost, management, and capital advantages are expected to continuously improve market share and free cash flow quality during the capacity optimization process.

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