Spot gold tops USD 5,000/oz,Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF (517520) surges more than 6% in early trade

NewTimeSpace News, as of 10:05 on 26 January 2026, the Gold Equities ETF (517520) has jumped 6.36% to 2.79 yuan. Over the past week ended 23 January 2026 the fund has rallied 12.95%, ranking third among six comparable funds. (The stocks cited are index constituents only and do not constitute any recommendation.)

Liquidity: intraday turnover is 1.73% with 328 million yuan traded; the average daily turnover over the past week is 735 million yuan, the highest in the peer group.

Size: the ETF’s asset base stands at 17.752 billion yuan, a one-year high, ranking first among six comparable funds. (Source: Wind)

Shares: outstanding units have reached 6.802 billion, a one-month high, also first among six peer funds. (Source: Wind)

Net inflows: the fund has recorded six consecutive days of inflows, the largest single-day amount being 574 million yuan, totalling 1.787 billion yuan or an average 298 million yuan per day. (Source: Wind)

Margin: the previous trading day saw a net margin purchase of 19.73 million yuan, bringing the outstanding margin balance to 216 million yuan. (Source: Wind)

Performance: net value has risen 130.11% over the past year, ranking first among comparable funds and third among 3,478 index stock funds (top 0.09%). Since inception the best monthly return is 21.81%, the longest winning streak is four consecutive months with a cumulative 40.27% gain, the up-/down-month ratio is 14/12, the average return in up months is 9.41%, the calendar-year win rate is 100% and the two-year holding-profit probability is also 100%. Annualised out-performance versus the benchmark over the past year is 2.55%, ranking first among six peer funds.

Risk metrics: one-year Sharpe ratio is 2.82 as of 23 January 2026; year-to-date maximum draw-down is 1.78% versus 0.10% for the benchmark, the smallest among comparable funds, with a one-day recovery period, the fastest in the peer group.

Fees: management fee 0.50%, custody fee 0.10%, both among the lowest in the category.

Tracking: year-to-date tracking error is 0.028%, the smallest among peer funds. The ETF replicates the CSI Hong Kong-Shanghai-Shenzhen Gold Industry Equity Index, which comprises 50 large-cap listed companies engaged in gold mining, smelting and sales across the mainland and Hong Kong markets.

Market news: on 26 January 2026, New York gold futures surged to USD 5,120/oz, up 2.05% intraday, while spot gold broke through the USD 5,000/oz mark for the first time, taking its year-to-date gain to more than 16% (over USD 700). UBS Wealth Management has reiterated its target of USD 5,000/oz and says that if geopolitical tensions escalate again, the upside risk could extend to USD 5,400/oz.

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