“老登股”回归正当时，洪灏、林园看好白酒，食品饮料ETF天弘(159736)近5日连续“吸金”超5000万元，稳股市方能强消费底气！

Core Insights - The Tianhong Food and Beverage ETF (159736) is experiencing significant capital inflow, with a net subscription of 22 million shares and a total of 7.768 billion shares, marking a one-year high [4][5] - The ETF has seen a total capital inflow of 50.69 million yuan over the past five days, indicating strong investor interest [4] - Key stocks within the ETF, such as Shuangta Food (002481), Yangyuan Beverage (603156), and Ketaobiotech (300858), have shown notable price increases, with Shuangta Food leading at 9.98% [3][4] Fund Performance - The Tianhong Food and Beverage ETF is the largest in its category, covering essential sectors like alcohol, beverages, and food, with major holdings in industry leaders such as Kweichow Moutai and Wuliangye [4] - The ETF's diversified approach helps mitigate risks associated with single-industry volatility, making it suitable for long-term investment in consumer upgrades [4] Market Trends - Recent commentary from economic experts suggests a market style rotation, with funds shifting from growth to value sectors, which may drive market indices to new highs [6] - The white liquor sector is viewed as a "happy consumption demand," indicating its resilience and potential for long-term value despite recent performance pressures [5] Industry Initiatives - The China Alcohol Industry Association, along with major liquor companies, has launched an initiative to address issues of authenticity in vintage wines, aiming to restore consumer trust in the market [7] Institutional Perspectives - Open Source Securities highlights that with the implementation of policies to stabilize growth and promote consumption, the food and beverage sector is expected to improve gradually [8] - The white liquor industry is showing signs of bottoming out, with low likelihood of further demand decline, suggesting a favorable environment for investment [8]