Sou Hu Cai Jing·2025-12-31 02:24Core Viewpoint - The non-ferrous metal sector has shown strong performance, leading the market with a net inflow of 4.8 billion yuan on the last trading day of 2025, indicating positive investor sentiment towards this sector [1][6]. Group 1: Market Performance - The non-ferrous metal sector recorded a remarkable increase of over 92% in 2025, outperforming the second-ranked communication sector by 5.37 percentage points [6]. - The Huabao Non-Ferrous Metal ETF (159876) saw a price increase of over 2.5% during trading, reaching a new high since its listing [1]. - The Huabao ETF has attracted a net subscription of 2.4 million units, reflecting strong investor confidence in the non-ferrous metal sector [1]. Group 2: Investment Drivers - The strong performance of the non-ferrous metal sector is attributed to macroeconomic financial policies and structural changes in supply and demand, with a global easing of monetary policy and a weakening dollar leading to increased liquidity [2]. - Emerging demands in sectors such as AI and new energy, along with domestic policies aimed at regulating industry competition, have stimulated demand for non-ferrous metals [2]. - The current bull market is driven by new productive forces, integrating global energy transitions, technological revolutions, and industrial upgrades, with new energy, new materials, AI, and aerospace being key growth drivers [3]. Group 3: Investment Strategy - A diversified investment approach through the Huabao Non-Ferrous Metal ETF and its associated funds is recommended to capture the overall sector's performance while mitigating risks associated with individual metal investments [4].