The petrochemical industry index has risen for six consecutive days, and the low-fee chemical industry ETF, E Fund (516570), has attracted capital attention.

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As of the close, the CSI Petroleum & Petrochemical Industry Index rose 0.9%, while the CSI Rare Earth Industry Index fell 0.4%. According to Wind data, the chemical industry ETF of E Fund (516570, linked funds A/C: 020104/020105) has received net capital inflows for two consecutive trading days. Its latest size is RMB 2.3 billion, ranking first among ETFs tracking the same underlying index. The product charges a management fee rate of 0.15% per year, which is the lowest tier among its peers.

China Merchants Securities believes that going forward, there is limited room for the A-share market to plunge further significantly. The key observation signals for a phase of bottoming out lie in when the capital market stabilization mechanism begins to take substantive action. Next, investors should focus on petrochemicals, coal, building materials, chemicals, and other sectors with relatively higher industry momentum or signs of improvement.

Daily Economic News

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