China’s First Pig Farming ETF Profits From Pork Industry Boom

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SHANGHAI – China’s first exchange-traded swine fund (ETF) debuts on the Shenzhen Stock Exchange on Friday, the first of three linked to the country’s burgeoning pig sector rebuilding after African swine fever hit decimated the herds in 2018.

Penghua Fund Management Co’s CSI Livestock Breeding ETF, along with similar funds that will be listed by Guotai Fund Management Co and Ping An Fund Management Co, are the first Chinese funds to track the CSI Livestock Breeding Index, made up of breeders. from listed pigs, pig feed suppliers and vaccine manufacturers.

Chinese pork producers made huge profits last year after African swine fever caused pork supplies to collapse and pork prices soaring. Overwhelmed with money, producers are now investing in new industrialized breeding facilities to rebuild herds and replace traditional small farms.

Stock prices of pork and commodity producers have also skyrocketed. Muyuan Foods, Jiangxi Zhengbang Technology and New Hope Liuhe have surpassed spot pork prices in Shandong, a major producing province, and domestic pork prices since 2018.

“Fueled by soaring hog prices, the hog industry has performed explosively; The vaccines and animal feed sectors have taken full advantage of the pig cycle with strong net profit growth, ”said Liang Xing, ETF fund manager of Guotai.

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