ETF盘中资讯｜有色ETF跌超9%，获资金实时净申购1.42亿份！资金为何逆行加仓，越跌越买？

Core Viewpoint - The article discusses the recent volatility in the global risk asset market, particularly focusing on the surge in demand for precious metals and the performance of the Huabao ETF amid geopolitical tensions and macroeconomic factors [1][3]. Group 1: Market Dynamics - Geopolitical risks have led to a significant drop in global risk assets, prompting some investors to take profits, which has resulted in a sharp decline in gold and silver prices [1]. - Despite the market downturn, the Huabao ETF saw a net subscription of 142 million units, indicating a counter-trend investment in the non-ferrous metals sector [1]. - The demand for non-ferrous metals is supported by macroeconomic factors such as the Federal Reserve's ongoing easing policies, rising geopolitical uncertainties, and concerns over the sustainability of U.S. debt and deficits [3]. Group 2: Industry Outlook - The non-ferrous metals sector is expected to maintain a high profitability state for an extended period, driven by new demand from emerging industries such as renewable energy, AI, and aerospace [4]. - Domestic non-ferrous metal companies are valued lower compared to their international counterparts, despite having similar growth potential and core competitiveness [4]. - The industry is experiencing a significant output gap due to a long-term contraction in capital expenditures since 2011, which continues to support prices and highlight the strategic value of these metals [3]. Group 3: Performance Indicators - As of January 28, 2025, 24 out of 60 listed companies covered by the non-ferrous ETF have released earnings forecasts, with 21 companies expected to be profitable, indicating a positive outlook for the sector [3]. - The Huabao ETF covers a wide range of metals, including copper, aluminum, gold, rare earths, and lithium, allowing investors to capture the overall sector's performance effectively [5].