Institution: Long-term coal-price upside intact,Coal ETF (515220) up 2.14% in early trade

NewTimeSpace News, 10:46 on 28 Jan 2026 – Coal ETF (515220) gains 2.14% to 1.10 yuan; one-month return to 27 Jan 2026 is +3.27%. (Constituents cited for reference only.)

Liquidity: intraday turnover 4.65%, CNY 401 m traded; one-week average daily turnover CNY 580 m.

Size: latest asset base CNY 8.493 bn. (Source: Wind)

Net inflows: 3 consecutive inflow days, peak single-day CNY 1.97 bn, total CNY 3.82 bn, average CNY 1.27 bn per day. (Source: Wind)

Margin: month-to-date net margin buy CNY 3.70 m; outstanding margin balance CNY 271 m. (Source: Wind)

Performance: 5-year NAV +94.19%, ranks 30/1,094 index stock funds (top 2.74%); best month +30.48%; longest winning streak 8 months, cumulative +91.06%; average up-month return +6.15%; annual win rate 80%; 2-year holding-profit probability 83.25%; annualised out-performance since inception +7.86%.

Draw-down: YTD max 3.79% vs benchmark 0.06%; 10-day recovery.

Fees: management 0.50%, custody 0.10%.

Tracking: 1-month tracking error 0.005%. ETF replicates CSI Coal Index, covering coal mining and processing companies.

Guohai Securities: coal price trend is upward, driven by rising labour costs, higher safety and environmental spending, commodity inflation and increased local taxation. These factors remain intact, supporting long-term price upside.

NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.