"Policy + Technology + Going Global" Triple Resonance! Huabao Fund's Another Major ETF Piece to Launch on April 3rd

The home appliance industry is entering a golden window where “policy + technology + overseas expansion” are all converging for a triple boost. Today (April 3), the Huabao Home Appliances ETF (159176) is officially listed and began trading on the Shenzhen Stock Exchange. Investors can trade the Huabao Home Appliances ETF (159176) conveniently, just like buying and selling stocks.

Public information shows that the Huabao Home Appliances ETF (159176) tracks the CSI All-Share Home Appliances Index, whose constituent stocks include four categories: white goods, black goods, kitchen appliances, and small appliances. It packages core assets across all home appliance categories in one click, becoming a convenient tool for investors to gain exposure to home appliance leading companies and capture the growth dividend—truly a real “treasure at home.”

“Policy + Technology + Overseas Expansion” Triple Convergence

In March this year, the Government Work Report proposed to expand and upgrade consumer goods consumption, allocating 250 billion yuan of ultra-long-term special government bonds to support “trade-in and upgrade” for consumer goods, and to optimize the mechanism for implementing policies. A special fund of 100 billion yuan in fiscal and financial coordination was set up to stimulate domestic demand, using a combination of methods such as loan interest subsidies, financing guarantees, and risk compensation to support expanding domestic demand.

“AI + home appliances” and Chinese home appliance brands going global are also becoming key incremental drivers for the home appliance industry. Against the backdrop of maintaining nearly 10% growth in revenue, the home appliance industry’s dividend yield, valuation, and growth indicators show strong competitiveness.

Taking the CSI All-Share Home Appliances Index tracked by the “Huabao Home Appliances ETF (159176)” as an example, as of December 31, 2025, the index’s dividend yield reached 3.41%, sitting in the high range of the past 10 years.

Data source: Wind, as of 2025.12.31

The constituent stocks of the CSI All-Share Home Appliances Index include four categories: white goods, black goods, kitchen appliances, and small appliances. It packages core assets across all home appliance categories with one click, and the top ten constituent stocks account for more than 70%.

Data source: CSI Index Company, as of 2025.12.15. The above index constituent stocks are for illustrative purposes only. The description of individual stocks does not constitute any form of investment advice, nor does it represent information on holdings or trading trends of any funds managed by the manager. Investing involves risk.

It is worth noting that since 2020 through December 31, 2025, the CSI All-Share Home Appliances Index has cumulatively increased by 52.16%, with long-term returns outperforming indices such as the CSI Home Appliances Leaders Index, Home Appliances & Household Appliances, the Guosen Home Appliances Leaders Index, and the CSI 300. (Data source: Wind)

A billion-yuan AUM ETF giant adds another key piece

The Huabao Home Appliances ETF (159176) is a member of Huabao Fund’s “billion-yuan AUM ETF club.” It is another strategic placement in the industry-themed ETF space, further meeting the increasingly diversified investment needs of a broad range of investors.

Over the first half ended March 31, 2026, Huabao Fund’s equity ETFs (including cross-border) recorded cumulative net subscriptions of 20.68B yuan, ranking in the top three in the industry and surpassing many leading fund companies. In addition, whether it is this year to date, over the past year, or since 2025, Huabao Fund’s equity ETFs’ net subscription size has consistently ranked within the top four in the industry—its capital-attracting ability is also excellent. (Data source: Shenzhen Stock Exchange, Wind)

Faced with the home appliance industry’s triple convergence of “policy + technology + overseas expansion,” expectations for the future performance of A-share home appliance sector should be high. Against this backdrop, the listing of the Huabao Home Appliances ETF (159176) comes at the right time, providing investors with a convenient one-stop tool to gain exposure to home appliance leaders and capture the industry’s growth dividend.

Special Reminder: Near-term market volatility may be relatively large, and short-term gains or losses do not indicate future performance. Investors must invest rationally based on their own fund situation and risk tolerance, and give high attention to position sizing and risk management.

ETF fund fee-related notes: When investors apply for subscription or redemption of fund shares, the subscription/redemption agent may charge a commission not exceeding 0.5%. For on-exchange transactions, the transaction fees are subject to what the securities firm actually charges. No sales service fee is charged.

Data source: CSI Index Company, Shenzhen Stock Exchange, Wind. The price changes of the CSI All-Share Home Appliances Index over the last 5 complete years are: 2021, -10.70%; 2022, -22.02%; 2023, 2.99%; 2024, 22.26%; 2025, 13.47%. The composition of index constituents is adjusted in a timely manner according to the index compilation rules, and its backtested historical performance does not predict the index’s future performance. As of March 31, 2026, over the past one year, Huabao Fund’s equity ETFs and cross-border ETFs obtained net inflows totaling 42.45B yuan through fund subscriptions/redemptions, ranking in the top three among peers; since the beginning of 2025, net inflows obtained through subscriptions/redemptions by Huabao Fund’s equity ETFs and cross-border ETFs were 46.13B yuan, ranking in the top three among peers; since the beginning of 2026, this figure is 12.89B yuan, ranking in the top four among 56 public fund companies.

Risk Warning: The Huabao Home Appliances ETF passively tracks the CSI All-Share Home Appliances Index. The base date of this index is 2004.12.31, and the publication date is 2015.7.7,

The composition of index constituents is adjusted in a timely manner according to the index compilation rules, and its backtested historical performance does not predict the index’s future performance. This product is issued and managed by Huabao Fund. The distributor does not assume responsibility for the product’s investment, redemption/payment, and risk management. Investors should carefully read the fund legal documents such as the “Fund Contract,” the “Prospectus,” and the “Fund Product Information Summary,” to understand the fund’s risk and return characteristics, and choose a product that is suitable for their own risk tolerance. The risk level assessed by the fund manager for this fund is R3—medium risk, suitable for balanced (C3) investors and above. The product risk level and suitability for investor types are subject to the risk evaluation results of the sales institutions. Performance of other funds managed by the fund manager does not constitute a guarantee of the fund’s performance. Past performance does not predict future performance. The fund has risk, and investors should be cautious in making investments! Sales institutions (including the fund manager’s direct sales entity and other sales institutions) conduct risk evaluations for this fund based on the relevant laws and regulations. Investors should promptly pay attention to the appropriateness opinions issued by the fund manager. The appropriateness opinions issued by different sales institutions do not necessarily一致, and the risk level evaluation results for fund products issued by sales institutions shall not be lower than the risk level evaluation results made by the fund manager. Differences exist in the fund contract regarding the fund’s risk and return characteristics and its risk level because of different considerations. Investors should understand the fund’s risk and return situation, and based on their own investment objectives, investment horizon, investment experience, and risk tolerance, carefully select fund products and bear the risks themselves. The China Securities Regulatory Commission’s registration of this fund does not indicate any substantive judgment or guarantee regarding the fund’s investment value, market prospects, or returns. The fund has risk, and investors should be cautious.

MACD golden cross signal formation—these stocks have strong upward momentum!

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责任编辑：杨赐