On Tuesday (March 24), major A-share indices collectively rose, with the nonferrous metals sector leading the gains. The Nonferrous Metals ETF (159876), which comprehensively covers industry leaders in gold, rare earths, copper, aluminum, and other nonferrous metals, saw its on-exchange price surge by 1.79% during the morning session. It is currently up 1.48%, potentially ending a nine-day consecutive decline. Notably, the ETF's current price is at levels last seen in December of last year, which may present a low-position entry opportunity for funds optimistic about the sector's future performance.
Among constituent stocks, Guocheng Mining and Baiyin Nonferrous led the gains with increases exceeding 6%. Yunnan Germanium and Yongxing Special Materials rose by over 5%, while Hunan Silver, Xingye Silver & Tin, Tianqi Lithium, and China Molybdenum also posted gains.
Huatai Securities believes the medium-term logic for the nonferrous metals sector remains intact. For gold, historical patterns suggest prices often rebound quickly after geopolitical conflicts end, and continued central bank purchases provide a floor for prices. For industrial metals, tight copper ore supply and domestic inventory drawdowns, along with unpriced risks for aluminum capacity in the Middle East, maintain fundamental support. For minor metals, varieties like rare earths, tungsten, molybdenum, and cobalt are catalyzed by geopolitical tensions, with expectations for strategic reserves and military restocking strengthening. Their high supply concentration within China and resistance to external shocks make their resilience and medium-term allocation value more prominent. Overall, the sector's recovery potential following an oversold condition warrants active attention.
The Nonferrous Metals ETF Huabao (159876) and its feeder funds (Class A: 017140, Class C: 017141) track an index that comprehensively covers industries such as copper, aluminum, gold, rare earths, and lithium, spanning different cycles including precious metals (for hedging), strategic metals (for growth), and industrial metals (for recovery). This full-category coverage allows for better capture of the sector's beta movements. Additionally, the ETF is a margin trading target, making it an efficient tool for one-click exposure to the nonferrous metals sector.
As of the end of February, the Huabao Nonferrous Metals ETF (159876) had a latest size of 2.427 billion yuan, with an average daily turnover exceeding 100 million yuan over the past month. Among the three ETF products tracking the same index in the market, it leads in both size and liquidity.
Investors are reminded that recent market volatility may be significant, and short-term gains or losses do not indicate future performance. Please invest rationally based on your own financial situation and risk tolerance, paying close attention to position and risk management.
ETF fee information: When subscribing for or redeeming fund shares, subscription and redemption agents may charge a commission of up to 0.5%. On-exchange trading fees are subject to the rates charged by securities firms. The ETF does not charge a sales service fee.
Feeder fund fee information: For the Huabao CSI Nonferrous Metals ETF Feeder Fund (Class A), the subscription fee is 1,000 yuan per subscription for amounts of 2 million yuan (inclusive) or more, 0.6% for amounts between 1 million yuan (inclusive) and 2 million yuan, and 1% for amounts below 1 million yuan. The redemption fee is 1.5% for holding periods under 7 days and 0% for holding periods of 7 days (inclusive) or more. No sales service fee is charged. For the Huabao CSI Nonferrous Metals ETF Feeder Fund (Class C), there is no subscription fee. The redemption fee is 1.5% for holding periods under 7 days and 0% for holding periods of 7 days (inclusive) or more. The sales service fee is 0.3%.
Risk disclosure: The Huabao Nonferrous Metals ETF passively tracks the CSI Nonferrous Metals Index. The index's base date is December 31, 2013, and it was launched on July 13, 2015. The index's performance over the past five full years is as follows: 2021, +35.89%; 2022, -19.22%; 2023, -10.43%; 2024, +2.96%; 2025, +91.67%. The index's constituent stocks are adjusted according to its compilation rules. Its past performance does not indicate future results. The mention of index constituents herein is for illustrative purposes only and does not constitute investment advice in any form, nor does it represent the holdings or trading动向 of any fund managed by the manager. The fund manager assesses this fund's risk level as R3-Medium Risk, suitable for Balanced (C3) and above investors. Suitability matching opinions are subject to the selling institution. All information appearing in this article (including but not limited to stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors are solely responsible for any independent investment decisions. Furthermore, any views, analyses, or forecasts herein do not constitute investment advice of any kind to readers, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks. Past performance of a fund does not indicate its future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest with caution.
Comments