The Industrial & Nonferrous Metals ETF (560860) continues to see capital inflows, with its size increasing by 317 million yuan over the past week.

As of 11:02 on March 31, among the top ten constituents of the CSI Industrial Nonferrous Metals Theme Index, CMOC Group fell 1.15%, China Northern Rare Earth (Group) High-Tech Co., Ltd. rose 0.68%, Aluminum Corporation of China Limited (CHALCO) fell 4.59%, Xingye Silver & Tin fell 0.05%, Xiamen Tungsten fell 2.71%, Yunnan Aluminium fell 2.45%, Tongling Nonferrous Metals Group fell 1.18%, China Tungsten and Hightech Materials fell 2.19%, Jiangxi Copper fell 1.16%, and Western Mining fell 1.29%.

As of 11:10, Wanjia CSI Industrial Nonferrous Metals Theme ETF (ticker: Industrial Nonferrous ETF Wanjia - 560860) fell 1.46%, with the latest price reported at 1.62 yuan.

I. CSI Industrial Nonferrous Metals Theme Index: Among nonferrous metal-related indices, it has the highest aluminum and copper content, benefiting most from economic recovery.

The CSI Industrial Nonferrous Metals Theme Index (H11059) covers leading companies in strategic resources such as copper, aluminum, rare earths, tungsten & molybdenum, cobalt & nickel, titanium, lead & zinc. It combines the "industrial backbone" (copper, aluminum) with the "king of new materials" (rare earths, cobalt & nickel), making it an efficient tool for precisely capturing trends in the nonferrous metals sector.

Currently, the main indices tracked by ETFs investing in the nonferrous metals sector include:

H11059 CSI Industrial Nonferrous Metals Theme Index, abbreviated as "Industrial Nonferrous"

931892 CSI Nonferrous Metals Mining Theme Index, abbreviated as "Nonferrous Mining"

930708 CSI Nonferrous Metals Index, abbreviated as "CSI Nonferrous"

930632 CSI Rare Metals Theme Index, abbreviated as "CS Rare Metals"

399395 SZSE Nonferrous Metals Index, abbreviated as "SZSE Nonferrous"

000819 CSI Shenwan Nonferrous Metals Index, abbreviated as "Nonferrous Metals"

000811 CSI Segmented Nonferrous Metals Industry Theme Index, abbreviated as "Segmented Nonferrous"

Among these, within the Shenwan tertiary industry classification of the CSI Industrial Nonferrous Metals Theme Index, copper accounts for 32.1% and aluminum for 18.7%, the highest combined proportion among nonferrous metal-related indices. This makes it highly correlated with industrial demand and more beneficial from PPI growth and economic recovery.

II. Among ETFs tracking the CSI Industrial Nonferrous Metals Theme Index: Wanjia CSI Industrial Nonferrous Metals Theme ETF (ticker: Industrial Nonferrous ETF Wanjia - 560860) has the largest scale.

As of March 30, Wanjia CSI Industrial Nonferrous Metals Theme ETF (ticker Industrial Nonferrous ETF Wanjia - 560860) is the ETF tracking the CSI Industrial Nonferrous Metals Theme Index with the largest scale (scale exceeding 100 billion yuan) and the best liquidity (average daily turnover of 616 million yuan in the past month).

ETF products tracking the CSI Industrial Nonferrous Metals Theme Index include:

$Wanjia CSI Industry Non-Ferrous Metal Theme ETF(560860.CN) Industrial Nonferrous ETF Wanjia

$Tianhong CSI Industrial Non-ferrous Metal ETF(159157.CN) Nonferrous Metals ETF Tianhong

$Penghua CSI Industrial Non-ferrous Metal ETF(159162.CN) Industrial Nonferrous ETF Penghua

$Bosera CSI Industrial Non-ferrous Metal ETF(159171.CN) Industrial Nonferrous ETF Boshi

$Fullgoal CSI Industrial Non-ferrous Metal ETF(159168.CN) Nonferrous ETF Fuguo

Among the above ETFs, except for Industrial Nonferrous ETF Wanjia which has a scale exceeding 100 billion yuan, the scale of other ETFs generally ranges between 2-5.3 billion yuan (data from wind, as of March 30).

The latest scale of Industrial Nonferrous ETF Wanjia (560860) is 10.326 billion yuan, ranking first in scale among ETF products tracking the CSI Industrial Nonferrous Metals Theme Index and the only product with a scale exceeding 100 billion yuan (data from wind, as of March 30). Industrial Nonferrous ETF Wanjia had a net inflow of 1.899 billion yuan in the past three months, 5.671 billion yuan in the past six months, and 8.038 billion yuan in the past year. Its scale has grown rapidly, making it the fastest-growing ETF among those tracking the CSI Industrial Nonferrous Metals Theme Index (data from wind, as of March 30).

III. Among ETFs tracking the CSI Industrial Nonferrous Metals Theme Index: Wanjia CSI Industrial Nonferrous Metals Theme ETF (ticker: Industrial Nonferrous ETF Wanjia - 560860) has the best liquidity and continues to receive capital inflows.

Industrial Nonferrous ETF Wanjia had an average daily turnover of 616 million yuan in the past month, indicating active trading and good liquidity (data from wind, as of March 30). In contrast, other ETF products tracking the CSI Industrial Nonferrous Metals Theme Index typically have average daily turnovers ranging between 17 million yuan and 300 million yuan in the past month.

Industrial Nonferrous ETF Wanjia has recently continued to receive capital inflows. Its scale increased by 317 million yuan in the past week, with net capital inflows of 1.899 billion yuan in the past three months and an increase of 772 million units in shares outstanding. Its new scale and share growth rank among the top two in comparable funds (data from wind, as of March 30).

IV. Among ETFs tracking the CSI Industrial Nonferrous Metals Theme Index: Wanjia CSI Industrial Nonferrous Metals Theme ETF (ticker: Industrial Nonferrous ETF Wanjia - 560860) ranks first in gains over the past year and has the highest excess return.

In terms of performance, Industrial Nonferrous ETF Wanjia (560860) has risen 89.61% cumulatively over the past year, ranking first in gains among ETF products tracking the CSI Industrial Nonferrous Metals Theme Index, making it a high-beta choice for capturing nonferrous metals market trends (data from wind, as of March 30).

Industrial Nonferrous ETF Wanjia (560860) had an excess return of 3.48% over the past year, the highest among ETF products tracking the CSI Industrial Nonferrous Metals Theme Index (data from wind, as of March 30).

V. Wanjia CSI Industrial Nonferrous Metals Theme ETF (ticker: Industrial Nonferrous ETF Wanjia - 560860): The first ETF in the entire market to track the CSI Industrial Nonferrous Metals Theme Index, with fees in the lowest tier, and the only margin trading and Stock Connect eligible product.

Industrial Nonferrous ETF Wanjia (560860) was established on February 22, 2023, as the first ETF in the entire market to track the CSI Industrial Nonferrous Metals Theme Index.

Industrial Nonferrous ETF Wanjia (560860) is the only eligible product for margin trading among ETF products tracking the CSI Industrial Nonferrous Metals Theme Index. Its latest margin purchase amount reached 13.552 million yuan, and the latest margin balance reached 146 million yuan, indicating continuous buying by leveraged funds (data from wind, as of March 30). Meanwhile, Industrial Nonferrous ETF Wanjia is the only Stock Connect eligible product among ETF funds tracking the CSI Industrial Nonferrous Metals Theme Index, potentially attracting northbound capital inflows.

Industrial Nonferrous ETF Wanjia (560860) has a management fee rate of 0.50% and a custody fee rate of 0.10%, placing its fees in the lowest tier among comparable funds (data from wind, as of March 30).

VI. Summary: Wanjia CSI Industrial Nonferrous Metals Theme ETF (ticker Industrial Nonferrous ETF Wanjia - 560860) is a high-quality tool for both on-exchange and off-exchange investors to invest in the nonferrous metals sector.

Wanjia CSI Industrial Nonferrous Metals Theme ETF (ticker Industrial Nonferrous ETF Wanjia - 560860) has feeder funds (Wanjia CSI Industrial Nonferrous Metals Theme ETF Feeder Fund A: 018489; Wanjia CSI Industrial Nonferrous Metals Theme ETF Feeder Fund C: 018490). Off-exchange investors without securities accounts can also conveniently purchase these feeder funds on platforms such as banks and Alipay.