牛市轮动逻辑凸显，食品饮料ETF（515170）单日净流入3.6亿

Core Viewpoint - The A-share bull market is experiencing distinct sector rotation characteristics, with previously popular sectors like AI and new energy undergoing adjustments, while the food and beverage sector, which has underperformed, is becoming a key target for capital seeking safe havens and rebound opportunities [1] Sector Analysis - The AI hardware sector is currently in a sideways consolidation phase due to concentrated profit-taking [1] - The new energy sector leaders have also shown signs of profit-taking, prompting some funds to seek new value opportunities [1] - The food and beverage sector has seen a nearly 5% decline this year, significantly underperforming the broader market, establishing itself as a low-valuation sector with high safety margins [1] Investment Trends - The food and beverage sector, characterized by essential consumption attributes, is expected to continue benefiting from capital inflows as a core asset for risk-averse investors [1] - On November 17, the food and beverage ETF (515170) recorded a net inflow of over 360 million yuan, marking three consecutive days of net inflows [1] ETF Insights - The food and beverage ETF (515170) tracks the CSI segmented food and beverage industry index, focusing on high-barrier and resilient sectors such as liquor, beverages, and seasoning products [1] - The top ten constituent stocks include major brands like "Moutai, Wuliangye, Luzhou Laojiao, and Yanghe," providing investors with a convenient way to access core assets in the food and beverage sector [1] - Compared to the high minimum investment thresholds of individual constituent stocks, the ETF serves as an accessible investment tool for smaller capital [1]