Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF(517520) Rises 4.07% Intraday,Institutions Attribute Market Support to Central Bank Gold Purchases and Explosive Demand

NewTimeSpace News: As of 13:04 on January 29, 2026, the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index (931238) rose strongly by 4.56%. Component stocks performed prominently, with Xiaocheng Technology up 16.43%, Tongling Nonferrous Metals up 10.06%, China National Gold Group up 10.02%, and other stocks such as Western Gold and Hunan Gold following the upward trend. Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF(517520) climbed 4.07% to close at RMB 3.22 intraday. Over a longer period, as of January 28, 2026, the ETF has achieved a cumulative increase of 19.45% in the past week. (The stocks listed above are only index components and do not constitute specific investment recommendations.)

In terms of liquidity, Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF recorded an intraday turnover rate of 11.89% and a trading volume of RMB 2.666 billion, indicating active market transactions. Looking back, as of January 28, its average daily trading volume in the past week reached RMB 1.285 billion, ranking first among comparable funds.

In terms of scale, the ETF's latest size hit RMB 21.427 billion, a new high in nearly a year, ranking 1st among 6 comparable funds. (Data source: Wind)

In terms of shares, the ETF's latest share count reached 7.037 billion, a new high in nearly a month, also ranking 1st among 6 comparable funds. (Data source: Wind)

Regarding capital inflows, the ETF saw a latest net capital inflow of RMB 439 million. Over the past 5 trading days, it has achieved net inflows on 4 days, accumulating a total of RMB 1.449 billion in capital inflows, with an average daily net inflow of RMB 290 million. (Data source: Wind)

Data shows that leveraged funds have been continuously deploying in the ETF. Since the beginning of this month, the net financing purchase amount of Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF has reached RMB 3.1479 million, with the latest financing balance standing at RMB 3.35 billion. (Data source: Wind)

As of January 28, the ETF's net value has soared 165.83% in the past year, ranking first among comparable funds and 2nd among 3,491 index equity funds (top 0.06%). In terms of profitability, as of January 28, 2026, since its establishment, the ETF has achieved a maximum monthly return of 21.81%, the longest consecutive upward period of 4 months with a cumulative increase of 40.27%, and a ratio of rising to falling months of 14:12. The average return in rising months is 9.41%, with an annual profit percentage of 100.00% and a monthly profit probability of 60.34%. The historical profit probability for a 2-year holding period is 100.00%. As of January 28, 2026, the ETF's annualized excess return over the benchmark in the past year was 2.65%, ranking 1st among 6 comparable funds.

As of January 23, 2026, the ETF's Sharpe ratio over the past year was 2.82.

In terms of drawdown, as of January 28, 2026, the ETF's maximum drawdown since the beginning of this year was 1.78%, with a relative benchmark drawdown of 0.18%, the smallest among comparable funds. The number of days to recover after the drawdown was 1 day, the fastest recovery among comparable funds.

In terms of fees, the ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%, which are at a relatively low level among comparable funds.

In terms of tracking accuracy, as of January 28, 2026, the ETF's tracking error since the beginning of this year was 0.028%, the highest tracking accuracy among comparable funds.

Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF closely tracks the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index. This index selects 50 listed company securities with large market capitalization and businesses involving gold mining, smelting, and sales from the mainland and Hong Kong markets as index samples, aiming to reflect the overall performance of gold industry listed company securities in these two markets.

Data shows that as of December 31, 2025, the top 10 constituent stocks by weight of the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index (931238) were Zijin Mining Group, Shandong Gold Mining, China National Gold Group, Chifeng Jilong Gold Mining, Zhaojin Mining Industry, Shandong Gold International Mining, Shandong Gold Mining, Zijin Mining Group, Zijin Gold International, and Hunan Gold. The total weight of these top 10 stocks accounted for 63.58%. (The stocks listed above are only index components and do not constitute specific investment recommendations.)

Shenhua Futures stated that global central banks have continued the gold purchasing boom that began in 2022, becoming a "ballast stone" supporting gold prices. In the fourth quarter of 2025, global gold demand presented a multi-driven pattern of "investment-led, central bank-supported, technology-driven growth, and jewelry demand recovery". Among them, the explosive growth of investment demand and the continuous gold purchases by central banks have become the core engines driving demand; the new demand in the technology sector has emerged as an important growth point; and jewelry demand is expected to achieve marginal improvement driven by seasonal factors.

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.