The overall position of the sector decreased. The proportion of food and beverage allocation in 2021q3 accounted for 8.14% of the total market value of the fund’s heavy positions, down 1.07pct month on month.
Baijiu holdings are still at a relatively high level, but the proportion has dropped. The proportion of 2021Q3 Baijiu holding market capitalization to the total value of the fund’s heavy warehouse stocks is 6.9%, a slight decline of 0.9pct in the ring.
Non Baijiu holdings declined slightly, 2021Q3 non Baijiu holding total market value accounted for the proportion of the fund’s heavy stock market capitalization was 1.2%, a decrease of 0.2pct. The epidemic has led to the bottom of social zero growth rate. Since August 2020, the social zero growth rate has become positive. In March 2021, due to the low base in the same period of the previous year, the social zero growth rate soared to 34%, and the growth rate began to slow down since April, with a growth rate of 3.9% in November.
After bottoming out in June 2020, the consumer confidence index gradually recovered to the pre epidemic level and remained basically stable.
Although the recent epidemic situation rebounded, with the popularization of covid-19 vaccine, China’s economic activities have basically normalized, and the consumer industry as a whole is expected to maintain a sustained and stable growth trend.
