Geopolitical Risks Heating Up Boost Safe-Haven Asset Demand,Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF(517520) Surges Over 2% in Morning Trading, Aiming for 5th Consecutive Gain

NewTimeSpace News – As of 10:26 on January 15, 2026, Gold Mining ETF (517520) rose 2.01%, aiming for its fifth consecutive gain, with the latest price at RMB 2.39. Looking at a longer timeframe, as of January 14, 2026, the ETF has accumulated a 9.61% gain over the past week, ranking 1st among 6 comparable funds. (The stocks listed above are index constituents only and do not constitute specific investment recommendations.)

In terms of liquidity, Gold Mining ETF recorded an intraday turnover ratio of 1.58% with trading volume of RMB 230 million. Over a broader period, as of January 14, the ETF's average daily trading volume over the past month reached RMB 419 million, ranking 1st among comparable funds.

Regarding scale, Gold Mining ETF's latest assets under management reached RMB 14.321 billion, marking a new high for the past year and ranking 1st among 6 comparable funds. (Data source: Wind)

In terms of shares, Gold Mining ETF's share count increased by 136 million units over the past week, a significant increase ranking 1st among 6 comparable funds. (Data source: Wind)

From a fund flow perspective, Gold Mining ETF has received continuous net capital inflows for 3 consecutive days, with a peak single-day net inflow of RMB 139 million, totaling RMB 336 million in "capital attraction" with an average daily net inflow of RMB 112 million. (Data source: Wind)

Data shows leveraged funds continue to build positions. Gold Mining ETF recorded net purchases through margin financing of RMB 12.5398 million on the previous trading day, with the latest financing balance at RMB 148 million. (Data source: Wind)

As of January 14, the ETF's NAV has increased 104.71% over the past year, ranking 1st among comparable funds and 49th out of 3,414 equity index funds, placing it in the top 1.44%.

In terms of return capability, as of January 14, 2026, since its inception, Gold Mining ETF's highest monthly return reached 21.81%, the longest consecutive gain period lasted 4 months with a total gain of 40.27%, the ratio of up months to down months was 14/12, the average return during positive months was 9.41%, the annual profitability percentage was 100.00%, and the historical probability of profit from holding for 2 years was 100.00%. As of January 14, 2026, the ETF's 1-year annualized excess return over benchmark reached 2.54%, ranking 1st among 6 comparable funds.

As of January 9, 2026, Gold Mining ETF's Sharpe ratio over the past year stands at 2.56.

Regarding drawdown, as of January 14, 2026, the ETF's maximum year-to-date drawdown was 1.78%, with a relative benchmark drawdown of 0.04%, representing the smallest drawdown among comparable funds. The recovery period after drawdown was 1 day, representing the fastest recovery among comparable funds.

In terms of fees, Gold Mining ETF's management fee rate is 0.50% and custody fee rate is 0.10%, placing it at a relatively low level among comparable funds.

In tracking accuracy, as of January 14, 2026, the ETF's 2-month tracking error was 0.030%, representing the highest tracking precision among comparable funds.

Gold Mining ETF closely tracks the CSI Mainland and Hong Kong Gold Industry Stock Index, which selects 50 listed company securities with larger market capitalization from Mainland and Hong Kong markets whose business involves gold mining, smelting, and sales as index constituents to reflect the overall performance of gold industry listed companies in Mainland and Hong Kong markets.

GF Futures stated that the decline in the US Dollar Index provides strong support for gold prices. Meanwhile, renewed tension in US-Iran relations has heated up geopolitical risks, significantly boosting safe-haven asset demand and further driving gold prices upward. Although the gold market faces technical adjustment pressure after substantial short-term gains, its long-term allocation value remains solid amid escalating global economic uncertainty, normalized central bank gold purchases, and a shift toward accommodative monetary policy.

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