The non-ferrous metal ETF Tianhong (159157) had a net subscription of 127 million units last Friday, ranking first among the same category in the Shenzhen market, with a valuation lower than over 60% of the time in the past decade

The Non-Ferrous Metal ETF Tianhong (159157) had a net subscription of 127 million units last Friday, becoming the top fund of its kind in the Shenzhen market, with a transaction amount of 204 million yuan. This ETF has achieved a net inflow of 4.889 billion yuan over the past 29 trading days, with the latest scale reaching 5.007 billion yuan. Its underlying index covers industries such as copper, aluminum, and gold, and the current valuation is below 63.49% of the time over the past decade, providing a cost-performance advantage. The industrial non-ferrous sector is boosted by multiple factors, including corporate profit growth and supply-side disruptions