五粮液将构建主品牌产品体系，食品饮料ETF天弘（159736）昨日净申购居深市同类第一，农业ETF天弘（512620）连续4日“吸金”

Group 1 - The A-share market showed mixed performance on December 18, with the food and beverage ETF Tianhong (159736) experiencing a net subscription of 2 million units, ranking first among similar products in the Shenzhen market [1] - The agricultural ETF Tianhong (512620) has seen net inflows for four consecutive days, accumulating nearly 50 million yuan as of December 17 [1] - The food and beverage ETF tracks the CSI Food and Beverage Index, focusing on leading stocks in high-end and mid-range liquor, as well as key players in beverages, dairy, condiments, and beer [1] Group 2 - According to Xinyi Securities, the food and beverage sector is at a relatively clear supply-demand bottom, with expectations for a turning point in 2026 after a challenging bottoming process in 2025 [2] - Xiangcai Securities noted that the current valuation of the food and beverage sector is at historical lows, suggesting potential for recovery and valuation repair as market styles shift [2] - The industry is advised to focus on innovation opportunities in categories, channels, and consumption scenarios, while also considering undervalued traditional consumption areas [2]