China Southern CSI SWS Non-Ferrous Metal ETF(512400) Gains 3.60% in Morning Trading, Attracting Total of 14.474 Billion Yuan Over Past 17 Trading Days

NewTimeSpace News - As of 11:00 on January 28, 2026, the Non-Ferrous Metals ETF (512400) gained 3.60%, with its latest price reaching 2.48 yuan. Looking at a longer timeframe, as of January 27, 2026, the ETF posted a cumulative gain of 9.48% over the past week. (Stocks listed above are constituent stocks of the index and do not constitute specific investment recommendations.)

In terms of liquidity, the Non-Ferrous Metals ETF recorded an intraday turnover rate of 3.84%, with trading volume reaching 1.627 billion yuan. Looking at a longer timeframe, as of January 27, the average daily trading volume over the past week stood at 2.604 billion yuan.

On the size front, the Non-Ferrous Metals ETF's latest assets under management reached 41.444 billion yuan, hitting a new high for the past year. (Data source: Wind)

Regarding shares outstanding, the Non-Ferrous Metals ETF's latest share count reached 17.371 billion units, also marking a new high for the past year. (Data source: Wind)

From a capital flow perspective, the Non-Ferrous Metals ETF has seen continuous net capital inflows for the past 17 trading days, with the highest single-day net inflow reaching 1.811 billion yuan, accumulating to a total of 14.474 billion yuan in attracted funds and an average daily net inflow of 851 million yuan. (Data source: Wind)

Data shows that leveraged funds continue to build positions. The Non-Ferrous Metals ETF recorded net purchases from leveraged funds for four consecutive trading days, with the highest single-day net purchase reaching 92.5356 million yuan, while the latest margin financing balance stood at 778 million yuan. (Data source: Wind)

As of January 27, the ETF's NAV has surged 170.59% over the past two years, ranking 32nd out of 2,531 index equity funds (top 1.26%). In terms of return capability, as of January 27, 2026, since the ETF's inception, its highest monthly return reached 27.29%, with the longest consecutive winning streak lasting 6 months and generating a cumulative gain of 70.46%. The average monthly return during up months stands at 8.32%, with an annual profitability percentage of 62.50% and a historical probability of profit for 3-year holdings at 66.19%. As of January 27, 2026, the ETF's annualized excess return over its benchmark over the past year reached 3.09%.

As of January 23, 2026, the Non-Ferrous Metals ETF's Sharpe ratio over the past year stood at 3.26.

Regarding drawdowns, as of January 27, 2026, the ETF's maximum year-to-date drawdown was 2.03%, with a relative drawdown against its benchmark of 0.04%. The recovery time after the drawdown was 1 day.

On fees, the Non-Ferrous Metals ETF's management fee rate is 0.50% and custodian fee rate is 0.10%.

In terms of tracking accuracy, as of January 27, 2026, the ETF's tracking error over the past month stood at 0.003%.

The Non-Ferrous Metals ETF closely tracks the CSI Shenwan Non-Ferrous Metals Index, which selects 50 listed securities from the Shenwan Non-Ferrous Metals and Non-Metallic Materials industries in the Shanghai and Shenzhen markets as index constituents, aiming to reflect the overall performance of listed securities in the non-ferrous metals sector.

Galaxy Securities noted that with the weakening of the US dollar and continuous capital flight from risk assets, combined with market concerns about the independence of US monetary policy, escalating US-European disagreements, and rising geopolitical uncertainties in regions such as the Middle East, safe-haven capital has been flocking to the precious metals sector. Both gold and silver prices have simultaneously broken through historical ranges, continuously reaching new all-time highs.

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