On Friday, March 6, the Metals ETF (159876), which holds leading companies in the non-ferrous metals sector, experienced a market adjustment with its price declining by over 3.2% at one point, currently down 1.66%. Capital flowed in to buy on the dip, with the ETF seeing a net subscription of 16.8 million shares by the time of reporting. This follows four consecutive days of capital inflows, totaling 1.14 billion yuan.
Among the constituent stocks, Steel Research High-Na led gains with an increase of over 3%, followed by Lizhong Group, Jinmoo Shares, and Vanadium-Titanium Shares, each rising more than 1%. Other advancing stocks included Hailiang Shares, Hunan Gold, Hunan Silver, and Xiamen Tungsten. On the other hand, Tianshan Aluminum, Yun Aluminum, and Aluminum Corporation of China fell by over 5%, ranking among the top decliners and weighing on the index performance.
Notably, HALO trading (Heavy Assets Low Obsolescence) has emerged as a core theme in global capital markets. Its fundamental logic involves investing in tangible hard assets that are difficult for AI to replace and are essential for AI infrastructure. The non-ferrous metals sector, characterized by heavy asset attributes, scarcity of strategic resources, and essential demand for AI infrastructure, stands as a primary beneficiary of the HALO trading strategy.
Looking ahead, is there further upside for the non-ferrous metals sector? Industrial Securities believes that the sector may regain momentum for growth by mid-year. The broader logic suggests that the current metals cycle is driven by overseas manufacturing restructuring and unconventional inventory building against a backdrop of deglobalization, differing from traditional monetary cycles. This cycle is expected to persist and potentially last longer in duration.
The underlying index of Huabao Metals ETF (159876) and its feeder funds (Class A: 017140, Class C: 017141) comprehensively covers industries such as copper, aluminum, gold, rare earths, and lithium, spanning various cycles including precious metals (safe-haven), strategic metals (growth), and industrial metals (recovery). This broad coverage allows for better capture of the sector's beta trends. Additionally, the ETF is a margin trading security, serving as an efficient tool for investing in the non-ferrous metals sector.
Note: Huabao Metals ETF (159876) was previously known as the Metals Leaders ETF. Reminder: Recent market volatility may be significant, and short-term price movements do not indicate future performance. Investors should make rational investment decisions based on their financial situation and risk tolerance, paying close attention to position and risk management.
ETF fee information: When subscribing or redeeming fund shares, subscription and redemption agents may charge a commission of up to 0.5%. Trading fees are subject to the rates set by securities firms. The ETF does not charge a sales service fee.
Feeder fund fee information: For Huabao CSI Non-Ferrous Metals ETF Feeder Fund (Class A), the subscription fee is 1,000 yuan per transaction for amounts of 2 million yuan or more, 0.6% for amounts between 1 million yuan and 2 million yuan, and 1% for amounts below 1 million yuan. The redemption fee is 1.5% for holdings under 7 days and 0% for holdings of 7 days or more. No sales service fee is charged. For Huabao CSI Non-Ferrous Metals ETF Feeder Fund (Class C), no subscription fee is charged. The redemption fee is 1.5% for holdings under 7 days and 0% for holdings of 7 days or more. A sales service fee of 0.3% applies.
Risk disclosure: Huabao Metals ETF passively tracks the CSI Non-Ferrous Metals Index, which has a base date of December 31, 2013, and 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 constituents are adjusted according to its rules, and past performance does not indicate future results. The mention of constituent stocks is for illustrative purposes only and does not constitute investment advice or reflect the holdings or trading activities of the fund manager. The fund manager assesses the fund's risk level as R3-medium risk, suitable for balanced (C3) and higher risk-profile investors. Suitability assessments are determined by sales institutions. All information provided is for reference only, and investors are responsible for their investment decisions. The views, analyses, and forecasts presented do not constitute investment advice, and no liability is accepted for any direct or indirect losses resulting from the use of this content. Fund investments carry risks; past performance does not guarantee future results, and the performance of other funds managed by the fund manager does not indicate the fund's future performance. Invest with caution.
A MACD golden cross signal has formed, indicating positive momentum for these stocks.
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