YTL(SZ:000960) Shanghai Securities·2025-11-17 12:18Group 1 - The report focuses on the rare metals ETF managed by GF Fund Management, which tracks the CSI Rare Metals Theme Index, selecting up to 50 listed companies involved in the mining, smelting, and processing of rare metals [2][8] - The best-performing stock in the ETF from May 1, 2025, to October 31, 2025, is Yunnan Tin Company (000960.SZ), chosen based on the deviation of its performance from the CSI Rare Metals Index and research coverage [2][8] - As of November 13, 2025, Yunnan Tin's stock price was 25.77 CNY, with a projected EPS of 26.8 CNY per share for 2027 based on a 15x PE ratio, indicating a closing position of 20.22% [2][9] Group 2 - From October 9, 2025, to November 13, 2025, the dynamic allocation strategy based on Yunnan Tin's stock outperformed the buy-and-hold strategy, achieving an end-period return of 8.89% with a maximum drawdown of 5.57% [3][9] - The buy-and-hold strategy for the rare metals ETF yielded a return of 10.33% with a maximum drawdown of 10.32% during the same period [3][9]