Core Viewpoint - The food and beverage sector is experiencing a strong upward trend, with significant gains in leading liquor brands and consumer goods, indicating a potential recovery in the industry [1] Group 1: Industry Performance - The food ETF (515710) saw an intraday increase of nearly 4%, marking its largest daily gain in the past six months, with trading volume expanding to 160 million yuan [1] - The underlying logic for the food and beverage sector is that the fundamentals are nearing a bottom, with recovery expectations gradually rising [1] - Industry headwinds have largely been released, and the impact of policies is slowing down [1] Group 2: Company Strategies - Some companies are proactively reducing supply to achieve a balance between supply and demand, thereby alleviating channel pressure and mitigating channel risks [1] - Strengthened policy expectations are boosting demand in related consumption areas [1] Group 3: Valuation Insights - The valuation of the food and beverage sector is at historical lows, presenting a favorable opportunity for left-side positioning [1] - As of the last trading day (November 7), the price-to-earnings ratio of the food ETF's underlying index was 20.59 times, positioned at the 7.55% percentile over the past decade, highlighting the mid-to-long-term cost-effectiveness of the sector [1] Group 4: Investment Focus - The food ETF (515710) and its linked fund (012548) track the CSI segmented food and beverage industry theme index, with approximately 60% of the portfolio allocated to leading high-end and mid-range liquor stocks [2] - Nearly 40% of the portfolio also includes leading stocks from beverage, dairy, seasoning, and beer segments, with top-weighted stocks including "Moutai, Wuliangye, Luzhou Laojiao, and Yanghe," as well as Yili and Haitian Flavoring [2]

（责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 食品ETF（515710）跟踪中证细分食品饮料产业主题指数，约6成仓位布局高端、次高端白酒龙头 股，近4成仓位兼顾饮料乳品、调味、啤酒等细分板块龙头股，前十权重股包括"茅五泸汾洋"、伊利股 份、海天味业等。场外投资者亦可通过食品ETF联接基金（012548）对吃喝板块核心资产进行布局。 每日经济新闻 10月24日，大盘创新高之际，吃喝板块逆市下跌，反映吃喝板块整体走势的食品ETF（515710）现 跌1.13%。从估值方面来看，吃喝板块估值仍处低位，当前或为板块较好配置时机。截至10月23日，食 品ETF（515710）标的指数细分食品指数市盈率为20.49倍，位于近10年来7%分位点的低位，中长期配 置性价比凸显。 消息面上，重要会议明确提出：建设强大国内市场，加快构建新发展格局。坚持扩大内需这个战略 基点，坚持惠民生和促消费、投资 ...