ChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF(159562) Plummets 10.00%,Macro Negative Factors Fuel Sentiment Correction

NewTimeSpace News:As of 14:58 on February 2, 2026, the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index (931238) dropped 9.46%. Among its constituent stocks, Xiaocheng Technology led the declines with a 19.96% plunge, Shandong Gold fell 13.19%, Chifeng Gold decreased by 12.88%, Jiangxi Copper Corporation Limited dropped 10.49%, and Zhaojin Mining fell 10.28%. TheChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF (159562) plummeted 10.00% to close at RMB 2.76. Over a longer time frame, as of January 30, 2026, the ETF had achieved a cumulative increase of 7.23% in the past week. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

In terms of liquidity, theChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF recorded an intraday turnover rate of 0.77% and a trading volume of RMB 68.5575 million. Looking back, as of January 30, the ETF's average daily trading volume in the past week reached RMB 1.367 billion, ranking among the top 2 of comparable funds.

Regarding scale, theChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF's size increased by RMB 3.242 billion in the past week, achieving significant growth, with the new scale ranking 1st out of 6 comparable funds. (Data source: Wind)

In terms of share count, the latest share of theChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF reached 3.213 billion units, a new high in nearly one year, ranking 2nd out of 6 comparable funds. (Data source: Wind)

For capital inflows, theChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF achieved consecutive net capital inflows over the past 14 days, with the highest single-day net inflow of RMB 1.335 billion, accumulating a total of RMB 5.697 billion in "capital absorption" and an average daily net inflow of RMB 407 million. (Data source: Wind)

Data shows that leveraged capital has been continuously deploying in the ETF. The latest margin purchase amount of theChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF reached RMB 20.1245 million, and the latest margin trading balance stood at RMB 98.1156 million. (Data source: Wind)

As of January 30, theChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF had a net asset value (NAV) increase of 213.93% in the past two years, ranking 11th out of 2,536 index equity funds (top 0.43%). In terms of profitability, as of January 30, 2026, since its establishment, the ETF has achieved a maximum monthly return of 38.46%, the longest consecutive monthly growth period of 4 months with a cumulative increase of 40.15%, a ratio of rising to falling months of 15:9, an average monthly return of 11.30% in upward months, an annual profit percentage of 100.00%, a monthly profit probability of 64.30%, and a 100.00% profit probability for a 2-year historical holding period. As of January 30, 2026, the ETF's annualized excess return over the benchmark since its establishment was 4.63%.

As of January 30, 2026, theChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF had a Sharpe ratio of 3.04 in the past year, ranking among the top 2 out of 6 comparable funds, delivering higher returns under the same level of risk.

Regarding drawdown, as of January 30, 2026, the ETF's maximum drawdown since the beginning of the year was 8.96%, with a relative benchmark drawdown of 1.17%.

In terms of fees, theChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF has a management fee rate of 0.15% and a custodian fee rate of 0.05%, the lowest among comparable funds.

TheChinaAMC 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, so as to reflect the overall performance of listed company securities in the gold industry in the mainland and Hong Kong markets.

Data shows that as of January 30, 2026, the top 10 weight stocks of the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index (931238) were China National Gold Group Co., Ltd., Zijin Mining Group Co., Ltd., Shandong Gold Mining Co., Ltd., Chifeng Jilong Gold Mining Co., Ltd., Shandong Gold International Mining Corporation, Zhaojin Mining Industry Co., Ltd., Hunan Gold Corporation Limited, Shandong Gold Mining Co., Ltd., Zijin Gold International Holdings Limited, and Zijin Mining Group Co., Ltd., with a combined weight of 61.69%. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

East Securities Futures stated that after the bullish sentiment in the precious metals market reached an extreme, negative factors began to ferment. The Federal Reserve kept interest rates unchanged as scheduled at its January monetary policy meeting, with the short-term willingness to cut interest rates declining; Jerome Powell's speech also failed to provide more dovish signals, making the meeting biased towards bearish. Donald Trump nominated Kevin Warsh as the next Federal Reserve Chairman, reversing market sentiment. The subsequent expectation of interest rate cuts combined with balance sheet reduction means the end of the period of full liquidity release; the U.S. Treasury yield curve will further steepen, and financial market volatility will increase.

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.