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source: sina fund

the popular layout tool of the food and beverage sector, food etf (515710), received another inflow of funds yesterday (september 18)! data shows that as of yesterday, in the past 5 trading days, food etf (515710) has received net subscriptions for 4 trading days, with a total net subscription amount of 7.62 million yuan; in the past 60 trading days, the cumulative amount of funds attracted by food etf (515710) has reached 60.26 million yuan.

from the perspective of overseas monetary policy and sector valuations, now may be a good time to invest in the food and beverage sector.

[the federal reserve cut interest rates by 50 basis points]

on september 18, local time, the federal reserve cut interest rates by 50 basis points, lowering the target range of the federal funds rate to 4.75%-5%, the first rate cut since march 2020, which also marks the beginning of the fed's rate cut cycle, and the beginning of the fed's rate cut cycle may also help foreign capital flow into the a-share market. it is worth noting that the weighted stocks of food etfs (515710) such as kweichow moutai and wuliangye are mostly heavily held by northbound funds, and may benefit to a large extent from the inflow of foreign capital.

[the valuation of the food and beverage sector fell back to a low level]

perhaps due to the poor sales of liquor during the mid-autumn festival, some leading liquor companies continued to pull back. yesterday, kweichow moutai fell another 2.85%, and its share price closed at 1,266.9 yuan, setting a new low for the period, and its total market value fell below 1.6 trillion yuan.

as the heavyweight stocks continue to pull back, the current valuation level of the food and beverage sector is already quite attractive. wind data shows that as of yesterday's close, the price-to-earnings ratio of the food etf (515710) underlying index, the food index, was 16.61 times, which is at the low of the 0% percentile in the past 10 years and has a high safety margin.