Institutions: Continue to Favor Dividend Value of Banking Sector, ChinaAMC CSI Banks ETF (515020) Rises 0.30% Against Trend

NewTimeSpace News - As of 10:26 on January 30, 2026, ChinaAMC Bank ETF (515020) gained 0.30%, with its latest price reaching 1.66 yuan. Looking at a longer timeframe, as of January 29, 2026, the ETF has cumulatively gained 0.30% over the past week. (Stocks listed above are constituent stocks of the index and do not constitute specific investment recommendations.)

In terms of liquidity, ChinaAMC Bank ETF recorded an intraday turnover rate of 9.4%, with trading volume reaching 79.3373 million yuan. Looking at a longer timeframe, as of January 29, the average daily trading volume over the past week stood at 84.3734 million yuan.

On the size front, ChinaAMC Bank ETF's assets under management grew by 205 million yuan over the past six months, achieving significant growth and ranking 2nd out of 9 comparable funds. (Data source: Wind)

Regarding shares outstanding, ChinaAMC Bank ETF's share count grew by 158 million units over the past six months, achieving significant growth and ranking 2nd out of 9 comparable funds. (Data source: Wind)

On capital flows, ChinaAMC Bank ETF's latest capital inflows and outflows were balanced. Looking at a longer timeframe, capital inflows were recorded on 6 out of the past 10 trading days, accumulating to a total of 15.8284 million yuan in attracted funds and an average daily net inflow of 1.5828 million yuan. (Data source: Wind)

Data shows that leveraged funds continue to build positions. ChinaAMC Bank ETF recorded net margin purchases of 1.6853 million yuan on the previous trading day, with the latest margin financing balance standing at 4.7279 million yuan. (Data source: Wind)

As of January 29, the ETF's NAV has gained 38.61% over the past five years, ranking 1st among comparable funds. In terms of return capability, as of January 29, 2026, since the ETF's inception, its highest monthly return reached 13.31%, with the longest consecutive winning streak lasting 3 months and generating a cumulative gain of 17.81%. The up/down months ratio stands at 38/36, with average return in up months at 4.34%, annual profitability percentage at 66.67%, and historical probability of profit for 3-year holdings at 89.89%. As of January 29, 2026, the ETF's annualized excess return over its benchmark since inception reached 7.37%.

As of January 23, 2026, ChinaAMC Bank ETF's Sharpe ratio over the past two years stood at 1.12, ranking in the top 2/8 of comparable funds, indicating higher returns for equivalent risk.

Regarding drawdowns, as of January 29, 2026, the ETF's maximum year-to-date drawdown was 7.40%, with a relative drawdown against its benchmark of 0.01%, the smallest among comparable funds.

On fees, ChinaAMC Bank ETF's management fee rate is 0.15% and custodian fee rate is 0.05%, the lowest among comparable funds.

In terms of tracking accuracy, as of January 29, 2026, the ETF's tracking error over the past six months stood at 0.047%, indicating relatively high tracking precision among comparable funds.

Notably, the CSI Bank Index tracked by the fund is valued at a historically low level, with the latest price-to-book ratio (PB) of 0.65x, lower than over 92.34% of the time in the past year, offering compelling valuation attractiveness.

ChinaAMC Bank ETF closely tracks the CSI Banking Index. To reflect the overall performance of securities of companies in different industries within the CSI All Share Index sample and provide analytical tools for investors, the CSI All Share Index sample is divided into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and over 200 quaternary industries according to the CSI industry classification. All securities entering each primary, secondary, tertiary, and quaternary industry are then used as samples to compile indices, forming the CSI All Share industry indices.

China Galaxy Securities stated that the market style in the fourth quarter overall continued from the previous quarter, with funds' preference for the banking sector remaining at a relatively low level. However, state-owned banks and joint-stock banks continued to attract attention. Recent outflows of passive funds have created disturbances to banking sector capital, but in an environment of low interest rates and accelerated entry of medium-to-long-term capital into the market, the high-dividend, low-valuation dividend attributes of the banking sector remain continuously attractive to long-term capital such as insurance funds, accelerating the reconstruction of valuation pricing. The firm continues to favor the dividend value of the banking sector.

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