Continuous capital allocation! The non-ferrous metal ETF Tianhong (159157) had a net subscription of over 50 million units yesterday, ranking first among the same category in the Shenzhen market, presenting a configuration opportunity as valuations adjust at low levels

On March 26, the Tianhong CSI Industrial Non-ferrous Metal ETF (159157) saw a net subscription of over 52 million units, becoming the top fund of its kind in the Shenzhen market. Despite the decline in the non-ferrous metal sector, the fund continued to experience inflows, with a cumulative net inflow of 4.845 billion yuan over the past 30 days, bringing its total size to 5.067 billion yuan, a new high since its listing. This ETF focuses on industrial non-ferrous metals, and its current valuation is at a near ten-year low, providing a cost-performance advantage. The rebound in domestic manufacturing PMI and the recovery of industrial production activities support metal demand