出口管制致稀土内外价差大幅走扩，稀土ETF基金(516150)近5天获得连续资金净流入

Core Viewpoint - The rare earth industry is experiencing fluctuations, with the China Rare Earth Industry Index showing a slight decline, while the rare earth ETF fund has demonstrated significant growth over the past week, indicating potential investment opportunities in the sector [1][3]. Group 1: Market Performance - As of May 13, 2025, the China Rare Earth Industry Index decreased by 0.83%, with mixed performance among constituent stocks [1]. - The rare earth ETF fund (516150) has seen a cumulative increase of 6.27% over the past week, ranking first among comparable funds [1]. - The rare earth ETF fund recorded a turnover rate of 1.35% and a transaction volume of 24.72 million yuan [3]. Group 2: Fund Metrics - The latest scale of the rare earth ETF fund reached 1.831 billion yuan, marking a new high for the past month and ranking first among comparable funds [3]. - The fund's latest share count is 1.640 billion shares, also a new high for the past month [3]. - The rare earth ETF fund has experienced continuous net inflows over the past five days, with a maximum single-day net inflow of 31.89 million yuan, totaling 105 million yuan [3]. Group 3: Valuation and Outlook - The latest price-to-earnings ratio (PE-TTM) of the index tracked by the rare earth ETF fund is 29.94 times, which is in the 12.55th percentile over the past year, indicating a valuation lower than 87.45% of the time in the past year [3]. - Following export controls on certain heavy rare earths since April 4, 2025, overseas supply has tightened, leading to significant price increases for some products [3]. - Historical trends suggest that domestic rare earth prices may rebound significantly after initial declines following export controls, indicating potential for substantial price recovery [3]. Group 4: Key Stocks - As of April 30, 2025, the top ten weighted stocks in the China Rare Earth Industry Index accounted for 57.42% of the index, including companies like Northern Rare Earth, Wolong Electric Drive, and China Rare Earth [4]. - Investors can also consider using linked funds (011036) to capitalize on investment opportunities in the rare earth sector [4].