关税缓和，规模最大的消费ETF(159928)收涨超1%！近60日净流入超13亿元，消费后市怎么看？

Group 1 - The core viewpoint of the news is that the A-share market is experiencing a collective rise, particularly in the consumer sector, driven by a significant inflow of funds and a reduction in tariffs between China and the United States [1][4]. - The largest consumer ETF (159928) saw a daily increase of 1.22% with a trading volume exceeding 500 million yuan, indicating active trading [1]. - Over the past 60 days, there has been a net inflow of over 1.3 billion yuan into consumer stocks, reflecting strong investor interest [1]. Group 2 - The easing of tariffs between China and the U.S. is expected to benefit export-dependent consumer industries such as home appliances, textiles, and machinery, leading to lower costs and increased orders [4]. - The reduction in import prices is anticipated to stimulate consumption upgrades, while improved monetary policy and housing market expectations are expected to enhance consumer confidence [4]. - The Chinese government is expected to continue supporting domestic demand through subsidies and tax incentives, particularly in sectors like new energy vehicles and smart home products [4]. Group 3 - The food and beverage sector is projected to experience a gradual recovery, with a year-on-year revenue growth of 4.6% in Q1 2025, although this is a slight decline from the previous quarter [5]. - The white liquor segment showed a revenue growth of 1.7% in Q1 2025, indicating resilience during the Spring Festival, while snack foods demonstrated a high growth rate of 81.3% [5]. - Investment strategies are recommended to focus on leading companies in the food and beverage sector, particularly in light of changing macroeconomic expectations [5][6]. Group 4 - The consumer ETF (159928) is highlighted for its strong profit resilience across economic cycles, with the top ten constituent stocks accounting for 67% of the index [9]. - The index's net profit reached 244.66 billion yuan in 2024, marking a historical high with a year-on-year growth of 28.85% [7]. - The current price-to-earnings ratio of the consumer ETF is 20.46, indicating it is at a low valuation compared to the past decade, enhancing its attractiveness for investors [7].