逆市四连阳！业内首只农牧渔ETF（159275）单日吸金超5200万元

Core Viewpoint - The agricultural, animal husbandry, and fishery (农牧渔) sector is showing resilience in the A-share market, with the Agricultural and Fishery ETF (159275) experiencing significant net inflows and maintaining a strong performance despite broader market pressures [1][2]. Industry Overview - The agricultural, animal husbandry, and fishery sector has undergone a prolonged correction from February 2021 to September 2024, but has recently rebounded alongside the A-share market, although valuations remain low [2]. - The current price-to-book ratio of the index tracked by the Agricultural and Fishery ETF is 2.64, placing it in the 32.14 percentile over the past decade, indicating a favorable long-term investment opportunity [2]. - The pig farming industry, a core segment of the agricultural sector, is currently at a price low not seen in four years, suggesting limited downside risk. Future trends may include production stabilization and price increases, leading to improved profitability for quality enterprises [2]. Policy and Market Dynamics - Recent government policies have focused on controlling production capacity and optimizing the competitive landscape within the pig farming industry, with expected acceleration in capacity reduction in the fourth quarter [2]. - The seed industry is also receiving significant policy support, with advancements in biotechnology and the potential for accelerated commercialization of genetically modified crops, enhancing the competitive edge of leading companies [3]. - The animal health sector is expected to see increased market share for leading firms, driven by ongoing policy focus [3]. Investment Opportunities - The Agricultural and Fishery ETF (159275) is the first ETF to track the comprehensive agricultural index, covering various segments such as pig farming, aquaculture feed, animal health, and seeds, thus providing broad exposure to the agricultural value chain [4]. - The top ten holdings of the index account for 61.1% of its weight, featuring leading companies in the sector, which enhances the index's representativeness [4]. - Historically, the index has outperformed similar thematic indices and broad market indices, with a cumulative return of 95.45% since December 31, 2013, and a remarkable 145.61% return from January 1, 2019, to March 1, 2021 [4].