消费ETF嘉实(512600)最新份额超10亿创新高，机构：白酒板块“持仓底部”已现

Core Insights - The consumption ETF managed by Jia Shi has shown significant liquidity and growth in scale, with a recent turnover of 1.97% and a total transaction volume of 14.63 million yuan [2] - The ETF has experienced a net inflow of 28.52 million yuan over the past four days, indicating strong investor interest [2] - The underlying index, which tracks major consumer stocks, is currently undervalued with a price-to-earnings ratio of 19.41, placing it in the lower percentile of historical valuations [2][3] Liquidity and Scale - The consumption ETF Jia Shi recorded a daily average transaction volume of 22.06 million yuan over the past month [2] - The fund's scale increased by 4.19 million yuan in the past week, reaching a new high of 1.033 billion shares [2] - The ETF has seen a consistent net inflow of funds, with a peak single-day inflow of 9.49 million yuan [2] Performance Metrics - The net asset value of the consumption ETF Jia Shi has risen by 4.40% over the past six months [2] - Since its inception, the ETF has achieved a maximum monthly return of 24.50% and an average monthly return of 6.05% during its rising months [2] - The ETF has outperformed its benchmark with an annualized excess return of 6.23% over the last three months [2] Market Context - The ETF tracks the CSI Major Consumer Index, which includes leading consumer stocks in sectors such as liquor, pork, dairy, and food processing, with liquor accounting for 45% of the index [3] - As the Mid-Autumn Festival and National Day approach, the liquor market is experiencing increased demand, particularly for premium products like Feitian Moutai [3] - Analysts suggest that the current market positioning in the liquor sector is at a historical low, indicating potential for recovery as demand picks up [3]