年内一路冲高50%终回调！有色龙头ETF（159876）盘中跌超3%，资金实时反向净申购2700万份

Group 1 - The core viewpoint of the news highlights the significant inflow of funds into the non-ferrous metals sector, particularly through the non-ferrous leader ETF (159876), which has seen a year-to-date increase of over 50% as of September 16, 2023 [1][2] - On September 15, 2023, spot gold reached a historical high of $3678.89 per ounce, marking a milestone in global financial asset pricing, driven by expectations of Federal Reserve rate cuts, geopolitical tensions, central bank gold purchases, and increased market risk aversion [1] - Analysts suggest that the anticipated Federal Reserve rate cuts will lead to a depreciation of the dollar, making dollar-denominated metals cheaper and boosting global demand, while also reducing borrowing costs for companies, thereby increasing demand for industrial metals like copper and aluminum [1] Group 2 - Citic Securities forecasts that the ongoing monetary easing from the Federal Reserve, combined with domestic policies aimed at optimizing production factors and improving profitability, will support upward price transmission for metals [2] - As of the end of August, the non-ferrous leader ETF (159876) and its linked fund (017140) have significant weightings in copper (25.3%), aluminum (14.2%), rare earths (13.8%), gold (13.6%), and lithium (7.6%), which helps to diversify risk compared to investing in single metal sectors [2] - The latest scale of the non-ferrous leader ETF (159876) reached a historical high of 281 million yuan as of September 15, 2023 [2]