白酒顺周期弹性或更大，主要消费ETF(159672)盘中飘红

Core Viewpoint - The consumer sector is experiencing a slowdown, particularly in the liquor industry, but high-end and regional leading companies show resilience. Traditional consumer goods are growing slowly, with a concentration in leading firms benefiting from cost advantages and structural growth in segments like snacks, beverages, and low-alcohol drinks [2]. Group 1: Market Performance - As of May 6, 2025, the CSI Major Consumer Index (000932) rose by 0.10%, with notable increases in stocks such as Hainan Rubber (601118) up 2.67% and Andy Su (600299) up 1.46% [1]. - The Major Consumer ETF (159672) increased by 0.26%, with a latest price of 0.78 yuan and a turnover rate of 6.04%, totaling 499.92 million yuan in transactions [1]. Group 2: Sector Analysis - The liquor sector is under pressure, but if economic conditions improve in the second half of 2025, the industry may reach a bottom, leading to potential stock price recovery [2]. - The Major Consumer ETF closely tracks the CSI Major Consumer Index, which categorizes companies into 11 primary and 35 secondary industries, providing a comprehensive analysis tool for investors [2]. Group 3: ETF Performance Metrics - Since its inception, the Major Consumer ETF has achieved a maximum monthly return of 24.35% and an average monthly return of 5.36% [3]. - As of April 30, 2025, the ETF's maximum drawdown this year was 5.57%, with a management fee of 0.50% and a custody fee of 0.10%, making it one of the lowest in its category [3]. - The latest price-to-earnings ratio (PE-TTM) for the CSI Major Consumer Index is 19.82, indicating it is at a historical low compared to the past year [3]. Group 4: Top Holdings - The top ten weighted stocks in the CSI Major Consumer Index account for 67.16% of the index, with leading companies including Yili (600887), Kweichow Moutai (600519), and Wuliangye (000858) [3].