Agriculture, Animal Husbandry, and Fishery ETF Invesco ( 560210 ) rose 2.21% in early trading, as rising upstream resource prices and geopolitical disturbances may boost agricultural product prices.

As of 10:59 on April 2, 2026, the Agricultural, Animal Husbandry, and Fishery ETF Invesco (560210) rose by 2.21%. The constituent stocks, including giant agricultural and animal husbandry companies, increased by 8.53%, Husheng Biological rose by 6.61%, Jinhe Biological rose by 5.90%, Shennong Group, Zhongmu Co., and other stocks also followed the upward trend.

A prosperity target driven by cycle + valuation! The Agricultural, Animal Husbandry, and Fishery ETF Invesco (560210) tracks the CSI All Share Agriculture, Animal Husbandry, and Fishery Index (930910). The top three industry weights are breeding, feed, and planting industries, with the top ten constituent stocks accounting for over 57% of the weight, and market value distribution is relatively balanced; its correlation with other mainstream broad-based indices is relatively low, making it a better diversification investment tool.

The agricultural sector has obvious cyclicality. After a previous correction, as of 2026/4/1, the current price-to-earnings ratio and price-to-book ratio of the agricultural sector are approximately 25.30 and 2.38, respectively. The overall valuation has entered a low range, highlighting its value in a volatile market.

Rising prices of agricultural products remain the fundamental logic. Since the outbreak of the US-Iran conflict on February 28, the Strait of Hormuz has entered a substantive blockade phase. Brent crude oil has risen from $60 per barrel at the beginning of the year to over $100 per barrel this week. The upward movement in energy and chemical prices has driven the agricultural sector higher. Under the expectations of price increases and strategic security considerations, agriculture currently has high allocation value: (1) The strengthening of upstream resource prices and geopolitical disturbances will directly push up the prices of some agricultural substitutes (energy, petrochemical products), thereby disrupting their fragile supply-demand balance and pushing prices higher; (2) Rising costs of production factors will increase the marginal costs of the entire planting and breeding industry chain, and the natural time lag between cost push and efficiency improvement will lead to some funds in the industry being insufficiently accumulated and low productivity entities being eliminated, helping agricultural companies break out of disorderly competition and ongoing internal competition.

Data source: Wind, public information, as of 2026/3/31.
Risk reminder: The market carries risks; investment should be cautious!

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