Institution: Regional and Urban Differentiation to Further Deepen,China Southern CSI All Share Real Estate ETF(512200) Rises 1.11% in Morning Trading

NewTimeSpace News–As of 09:52 on January 20, 2026, Real Estate ETF (512200) rose 1.11%, with the latest price at RMB 1.55. Looking at a longer timeframe, as of January 19, 2026, the ETF has accumulated a 0.99% gain over the past two weeks. (The stocks listed above are index constituents only and do not constitute specific investment recommendations.)

In terms of liquidity, Real Estate ETF recorded an intraday turnover ratio of 1.2% with trading volume of RMB 58.3592 million. Over a broader period, as of January 19, the ETF's average daily trading volume over the past year reached RMB 248 million.

Regarding scale, Real Estate ETF's assets under management increased by RMB 28.3903 million over the past week, achieving significant growth and ranking 1st among 2 comparable funds. (Data source: Wind)

In terms of shares, Real Estate ETF's share count increased by 46.25 million units over the past week, a significant increase ranking 1st among 2 comparable funds. (Data source: Wind)

From a fund flow perspective, Real Estate ETF has received continuous net capital inflows for 3 consecutive days, with a peak single-day net inflow of RMB 100 million, totaling RMB 220 million in "capital attraction" with an average daily net inflow of RMB 73.2985 million. (Data source: Wind)

Data shows leveraged funds continue to build positions. Real Estate ETF's latest margin purchase reached RMB 9.8287 million, with the latest financing balance at RMB 95.0925 million. (Data source: Wind)

As of January 19, Real Estate ETF's NAV has increased 12.39% over the past two years. In terms of return capability, as of January 19, 2026, since its inception, the ETF's highest monthly return reached 36.69%, the longest consecutive gain period lasted 4 months with a total gain of 22.47%, and the average return during positive months was 6.87%. As of January 19, 2026, Real Estate ETF's annualized excess return over benchmark since inception is 1.75%.

Regarding drawdown, as of January 19, 2026, Real Estate ETF's maximum year-to-date drawdown was 3.94%, with a relative benchmark drawdown of 0.02%, representing the smallest drawdown among comparable funds.

In terms of fees, Real Estate ETF's management fee rate is 0.50% and custody fee rate is 0.10%, representing the lowest fee level among comparable funds.

In tracking accuracy, as of January 19, 2026, Real Estate ETF's year-to-date tracking error was 0.005%, representing the highest tracking precision among comparable funds.

Real Estate ETF closely tracks the CSI All Real Estate Index. The CSI All Real Estate Index is compiled by selecting all securities from the CSI All Index sample that belong to the real estate industry according to the CSI industry classification, which divides the CSI All Index sample into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and over 200 quaternary industries.

Everbright Securities stated that looking ahead to 2026, as the previous package of real estate policies continues to be implemented and local governments' autonomy in property market regulation increases, regional and urban differentiation will further deepen. Meanwhile, as the supply side gradually clears out, leading central state-owned enterprise real estate developers with clear credit advantages will continue to benefit from optimized competitive structures, achieving stabilization and recovery of business performance.

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