Policy tailwinds frequently blow and ignite market momentum, Huabao Fund Agriculture, Livestock and Fishery ETF (159275) rises 1.53% and continues to hit new highs since listing! Institutions strongly support the agriculture, livestock and fishery track

The agriculture, livestock, and fishery sector continues to rise. The market’s first agriculture, livestock, and fishery ETF (159275) experienced a brief dip and sideways movement in the early trading session, then quickly surged. By the close, the on-market price soared by 1.53%, marking three consecutive days of gains, and the closing price hit a new high since listing.

In terms of constituent stocks, some of the leading gainers include companies in agricultural product processing and planting sectors. By the end of the day, Morning Light Biotech and Hainan Rubber both surged over 7%, Yasheng Group, Zhongxing Microbial, and Jinhai Biological rose over 5%, while Tianbang Food, COFCO Technology, and Shennong Group each gained over 3%.

On the news front, recent positive developments have been frequent in the agriculture, livestock, and fishery sector. On March 9, the Minister of Agriculture and Rural Affairs gave an interview focusing on how to enhance comprehensive agricultural production capacity and quality efficiency. Additionally, important meetings in 2026 continued to emphasize the deep implementation of seed industry revitalization and smart agricultural machinery.

Huatai Securities expressed optimism about leading companies with R&D barriers in grain and livestock breeding, as well as smart agriculture-related sectors. The first major meeting of the year also highlighted post-harvest processing of agricultural products, shifting the focus from solely yield to a balance of yield and quality. Companies with competitive advantages in grain and meat processing are expected to benefit. Furthermore, the government work report this year proposed in-depth rectification of “involution” competition, weakening the emphasis on supporting stable development of the livestock industry compared to previous years. Under the current pig price environment, there is a reaffirmed investment opportunity in pig capacity reduction.

Looking ahead, Dongfang Securities is optimistic about: (1) the pig farming sector, where prices have bottomed out in the off-season and pessimistic expectations may gradually reverse; (2) the post-cycle sector, with ongoing structural growth in the industry, where profits in the pig industry chain are expected to gradually pass downstream as pig prices recover, driving the animal health sector upward; (3) the planting chain, where geopolitical factors have led to rising commodity prices that are now transmitting to agriculture. Based on fundamental analysis, the current upward trend in grain prices is established, with positive fundamentals in planting and seed industries, highlighting significant investment opportunities in large-scale planting.

Investors can easily gain exposure to the entire agriculture, livestock, and fishery industry chain by focusing on the market’s first agriculture, livestock, and fishery ETF (159275). According to China Securities Index Co., Ltd., this ETF passively tracks the CSI All Share Agriculture, Livestock, and Fishery Index, with key holdings including leading companies like Muyuan Foods and Wens Foodstuffs, covering major segments such as feed, grain planting, and animal health. Off-market investors can also consider the Agriculture, Livestock, and Fishery ETF Connect Funds (Class A 013471 / Class C 013472).

Data source: Wind, as of the end of February 2026, based on Shenwan’s third-level industry classification.

Images and data source: Shanghai and Shenzhen Stock Exchanges, as of March 12, 2026.

Institutional views: ① Huatai Securities’ research report dated March 11, 2026, “New Trends in Agriculture from the 2026 Two Sessions”; ② Dongfang Securities’ research report dated March 8, 2026, “Pig Prices: Bottoming Out, Price Rise Expected.”

Note: The first agriculture, livestock, and fishery ETF (159275) in the market refers to the ETF tracking the CSI All Share Agriculture, Livestock, and Fishery Index.

Note: When subscribing or redeeming fund shares, authorized brokers may charge a commission of up to 0.5%, including related fees from stock exchanges and registrars. The agriculture, livestock, and fishery ETF does not charge sales service fees.

The subscription fee for the Agriculture, Livestock, and Fishery ETF Connect A shares is: under 1 million yuan, 1%; from 1 million to 2 million yuan, 0.6%; above 2 million yuan, a flat 1,000 yuan per transaction. Redemption fees are: within 7 days, 1.5%; from 7 to 30 days, 0.5%; beyond 30 days, 0%.

The redemption fee for the Connect C shares is: within 7 days, 1.5%; beyond 7 days, 0%. The sales service fee is 0.3%.

Risk warning: The ETF passively tracks the CSI All Share Agriculture, Livestock, and Fishery Index, which was launched on December 31, 2004, and published on December 12, 2016. The index components are adjusted periodically according to the index rules. Past backtested performance does not predict future results. The individual stocks mentioned are only for objective illustration of index components and do not constitute recommendations or investment advice. All information in this document (including stocks, comments, forecasts, charts, indicators, theories, and any other forms) is for reference only. Investors are responsible for their own investment decisions. The views, analysis, and forecasts in this document do not constitute investment advice. Huabao Fund is not responsible for any direct or indirect losses caused by using this content. Investors should carefully read the fund’s legal documents, such as the Fund Contract, Prospectus, and Key Information Document, to understand the fund’s risk-return profile and choose products suitable for their risk tolerance. Past performance does not guarantee future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. According to the fund manager’s assessment, the risk level of the Agriculture, Livestock, and Fishery ETF is R3—Medium Risk, suitable for balanced (C3) and above investors. Suitability opinions are subject to the sales institutions’ judgment. Sales institutions (including direct sales by the fund manager and other sales channels) will evaluate the risk according to relevant laws and regulations. Investors should pay attention to the suitability opinions issued by the fund manager. The risk ratings provided by sales institutions may vary and must not be lower than the fund manager’s assessment. Differences may exist between the risk characteristics described in the fund contract and the risk level assigned. Investors should understand the fund’s risk-return profile, consider their own investment objectives, time horizon, experience, and risk capacity, and bear the risks themselves. The China Securities Regulatory Commission’s registration of the fund does not imply any judgment or guarantee of its investment value, market prospects, or returns. Investment in funds should be cautious.