NewTimeSpace News, as of 10:55 on 26 January 2026, the Securities ETF (512880) has added 1.25% to 1.22 yuan. (The stocks cited are index constituents only and do not constitute any recommendation.)

Liquidity: intraday turnover is 4.29% with 2.452 billion yuan traded; the average daily turnover over the past month is 2.881 billion yuan, the highest in the peer group.

Size: the ETF’s asset base stands at 56.617 billion yuan, ranking first among 14 comparable funds. (Source: Wind)

Shares: outstanding units have increased 227 million over the past month, the third-largest increase among 14 peer funds. (Source: Wind)

Flows: the latest single-day net in-flow is 8.41 million yuan; over the past 15 trading days the fund recorded eight in-flow days, accumulating 115 million yuan or an average 7.66 million yuan per day. (Source: Wind)

Margin: month-to-date net margin purchases are 36.34 million yuan, bringing the outstanding margin balance to 4.004 billion yuan. (Source: Wind)

Performance: net value has risen 42.02% over the past two years, placing the fund in the top three among comparable peers. Since inception the best monthly return is 37.80%, the longest winning streak is four consecutive months with a cumulative 28.48% gain, and the average return in up months is 6.91%. Annualised out-performance versus the benchmark since inception is 2.33%.

Draw-down: year-to-date maximum draw-down is 6.67% versus 0.03% for the benchmark.

Fees: management fee 0.50%, custody fee 0.10%.

Tracking: one-year tracking error is 0.028%, the smallest among peer funds. The ETF replicates the CSI All-Share Securities Companies Index, which comprises all listed securities companies within the CSI All-Share universe and serves as the industry benchmark.

Valuation: the underlying index’s latest PE-TTM is only 17.15×, placing it in the 6.05th percentile of the past year—i.e. cheaper than 93.95% of the time and at a historical low.

Guotai Haitong Securities expects listed brokers to report a 46.4% year-on-year increase in net profit amid active turnover and favourable base effects. Long-term capital inflows will create a wealth effect that draws retail money into the market, supporting further earnings releases across wealth-management and retail-driven businesses. The sector is poised for a dual-driven rally powered both by valuation re-rating and earnings improvement.

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