As of 10:44 on March 11, 2025, the CSI Major Consumer Index (000932) rose 0.88%, the constituent stocks Bloomage Biotech (688363) rose 4.12%, Shanxi Fenjiu (600809) rose 3.83%, Gujing Gongjiu (000596) rose 3.32%, Tomson Beijian (300146) rose 2.44%, and Bethany (300957) rose 2.40%. Consumer ETF (159928) rose 0.87%, the latest price was 0.81 yuan, and the intraday turnover has reached 210 million yuan, temporarily ranking 1/5 of comparable ETFs, with a turnover rate of 1.43%.

In the long run, as of March 10, 2025, consumer ETFs have risen by 1.13% in the past 1 week.

In terms of scale, the scale of consumer ETFs has increased by 157 million yuan in the past week, achieving significant growth, and the new scale ranks 1/5 of comparable funds.

In terms of shares, the share of consumer ETFs has increased by 294 million in the past two weeks, achieving significant growth, and the new shares rank 1/5 of comparable funds.

In terms of fund inflow, consumer ETFs have attracted a total of 352 million yuan in the past 10 trading days.

The data shows that leveraged funds continue to be deployed. The latest financing purchase amount of consumer ETF reached 14.2502 million yuan, and the latest financing balance reached 358 million yuan.

Debang Securities pointed out that the recent real estate data has shown signs of recovery, and the fundamentals of the industry are expected to gradually improve after the package of policies, and the liquor industry is promising, and it is recommended to pay more attention to the 25-year liquor investment opportunities.

The agency pointed out that the core of the current liquor sector is still macroeconomic expectations, and the economic recovery is expected to drive the recovery of business activities and demand for liquor. At present, the valuation of the liquor sector is still at a historically low position, the institutional positions are basically cleared, and the valuation of the sector still has a lot of room for repair under the policy catalyst. CITIC Securities research report said that the current liquor industry is in the past 30 years since the third round of the bottom of the big cycle of the bottoming stage, although in the short term the industry fundamentals still need to continue to be under pressure, out of the bottom of the substantial inflection point still needs to be observed, but the investment side with policy signals, economic repair is expected to rise, terminal demand stabilized and other signals to promote the sentiment to pick up, it is expected that the performance of the liquor industry capital market will be ahead of the industry performance ushered in an upward cycle, and in the new round of rise in the liquor industry, based on consumer cultivation, The top wine companies with continuous improvement in brand power will perform better.

[One-click layout of liquor > animal husbandry and other rigid demand plates].

As a rigid demand and domestic demand attribute sector in the major consumption sectors, the CSI Major Consumption Index has obvious profitability resilience through the economic cycle, and has experienced a relatively large correction in the early stage, and the negative expectations are fully expressed. In the long run, with the strengthening of income expectations and the stabilization of the unemployment rate, residents' savings are expected to be released, the leverage ratio of the residential sector may increase, and the potential for consumption growth is expected to increase.

As a flagship product tracking CSI's major consumer index, the Consumer ETF (159928) is the leading consumer ETF in the whole market, and it is also a consumer ETF with better liquidity. The constituents of the index cover consumer goods that are essential for people's daily lives. As of March 6, the top ten constituent equity weights accounted for 66.49%, of which 5 liquor leading stocks (Kweichow Moutai, Wuliangye, Luzhou Laojiao, Shanxi Fenjiu, Yanghe shares) accounted for 35.79%, large pig farmers Muyuan shares, Wen's shares accounted for 12.7%, and other weighted stocks include: dairy product leader Yili shares (10.12%), condiment leader Haitian Flavor Industry (4.64%) ) and beverage leader Dongpeng Beverage (3.22%).

Focus on the consumer sector, related products: consumer ETF (159928), over-the-counter feeder (Class A: 000248; Category C: 012857).

Risk Warning: Funds are risky, and investment should be cautious. Investors should read the Fund Contract, Prospectus, Product Key Facts Statement and other legal documents to understand the risk-return characteristics of the fund, especially the unique risks, and judge whether it is suitable for their own risk tolerance based on their own investment objectives, investment experience, asset status, etc. The fund manager undertakes to manage and use the fund assets in good faith, prudence and due diligence, but does not guarantee that the fund will be profitable or the principal will not be lost. Consumer ETFs (159928) are higher risk level (R4) products, which are suitable for investors who are aggressive (C4) and above after the customer's risk level assessment. The individual stocks mentioned in the article are only objectively displayed and enumerated by the constituent stocks of the index, and the information appearing in this article is for reference only, and investors must be responsible for any investment behavior determined independently. Any opinions, analyses and forecasts contained in this article do not constitute investment advice of any kind to the reader.