4连涨后首度回调！倒车接人？有色ETF华宝（159876）获净申购1440万份！机构：有色牛持续性或远超预期！

Group 1 - The core viewpoint of the news is that the non-ferrous metals sector is experiencing significant price movements, with gold and copper reaching historical highs, indicating a bullish trend in the market [3][8] - The London spot gold price reached $4500 per ounce for the first time, with a year-to-date increase of over 70%, while LME copper hit $12133 per ton, marking a year-to-date rise of over 38% [3][7] - Institutions believe that the non-ferrous metals sector is likely to continue its bull market, driven by factors such as global capital expenditure cycles, manufacturing recovery, and improved domestic macroeconomic expectations [8][9] Group 2 - The largest non-ferrous ETF, Huabao (159876), saw a nearly 2% drop in market price, but attracted significant net subscriptions of 14.4 million shares, indicating strong investor interest [1][6] - Among the constituent stocks, Chuanjiang New Materials led with a rise of over 3%, while Guocheng Mining and Baiyin Nonferrous fell by more than 5%, impacting the overall index performance [1][6] - Different non-ferrous metals exhibit varying degrees of market performance, suggesting that a diversified investment approach through ETFs covering multiple metals may be beneficial for risk management [9]