美联储决议前夕，资金疯狂抢筹！有色龙头ETF（159876）获资金实时净申购4920万份！近20日累计吸金2.43亿元

Core Viewpoint - The market is experiencing a pullback, but the Nonferrous Metal Leaders ETF (159876) is showing resilience with a net inflow of funds, indicating positive sentiment towards the nonferrous metals sector [1][6]. Fund Performance - The Nonferrous Metal Leaders ETF (159876) has seen a net subscription of 49.2 million units, reflecting strong investor interest [1][6]. - Over the past two days, the ETF has recorded a total net inflow of 54.3 million yuan, and in the last 20 days, it has attracted 243 million yuan [1][6]. - As of December 9, the ETF's total size reached 748 million yuan, making it the largest among three ETFs tracking the same index [1][6]. Stock Performance - Leading stocks within the ETF include Yunnan Zhenye, which rose over 6%, and Baiyin Nonferrous, which increased by more than 4% [1][6]. - Conversely, stocks like Bowei Alloys and Northern Rare Earths saw declines of over 3% and more than 1%, respectively, negatively impacting the index [1][6]. Market Outlook - The Federal Reserve's upcoming meeting is expected to result in a 25 basis point rate cut, with a probability of 89.4%, which could support nonferrous metal prices [3][8]. - Analysts suggest that during a rate-cutting cycle, tight supply-demand dynamics in physical assets could lead to significant price elasticity, particularly for industrial metals like copper and aluminum [3][8]. - The outlook for 2026 anticipates increased demand for copper driven by power investments and for aluminum due to energy storage and substitution needs [3][8]. Investment Strategy - A diversified investment approach through the Nonferrous Metal Leaders ETF (159876) is recommended to capture the overall sector's performance while mitigating risks associated with individual metals [9].