The Tianhong CSI Food and Beverage ETF (159736) saw its underlying index drop over 2% during intraday trading; institutions: the current sector has welcomed a good opportunity for positioning
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The Tianhong CSI Food and Beverage ETF (159736) experienced a pullback in the market on March 23, with a decline of over 2%. Despite the overall market downturn, the ETF's trading volume exceeded 4.03 million yuan, with a circulating share count of 7.918 billion shares and a circulating scale of 5.135 billion yuan. Analysts believe that the current food and beverage sector presents good layout opportunities due to its defensive attributes and the supporting logic of consumption recovery
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