The agricultural ETF Tianhong (512620) underlying index rose over 2%, with valuations below 70% of the time in the past decade

The Tianhong CSI Agriculture Thematic ETF (512620) saw its underlying index rise by 2.02%, with a transaction volume of 1.9009 million yuan and a turnover rate of 0.18%. Over the last 30 trading days, the ETF has experienced a net inflow of 503 million yuan, with a total scale of 1.072 billion yuan, closely tracking the CSI Agriculture Index, which has increased by 19.51% over the past year. The current valuation is at the 25.15% percentile over the past decade, lower than 74.85% of the time, indicating a certain cost-performance ratio. International crude oil is fluctuating at high levels, fertilizer costs are rising, and imported inflationary pressures are emerging