China Southern CSI SWS Non-Ferrous Metal ETF(512400) Rises 3.99% Intraday,Institutions Express Optimism About Precious Metals Outlook with Supported Downstream Demand

NewTimeSpace News:As of 13:33 on February 3, 2026, the CSI Shenwan Non-Ferrous Metals Index (000819) rose 0.53%. Among its constituent stocks, Hunan Gold climbed 9.55%, China Rare Non-Ferrous Metals advanced 8.28%, Shenghe Resources increased by 6.82%, Quartz Co., Ltd. rose 5.87%, and Guocheng Mining gained 5.46%. TheChina Southern CSI SWS Non-Ferrous Metal ETF (512400) rose 3.99% to close at RMB 2.19. Over a longer time frame, as of February 2, 2026, the ETF had achieved a cumulative increase of 9.24% in the past month. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

In terms of liquidity, theChina Southern CSI SWS Non-Ferrous Metal ETF recorded an intraday turnover rate of 6.28% and a trading volume of RMB 2.422 billion. Looking back, as of February 2, the ETF's average daily trading volume in the past week reached RMB 5.030 billion.

Regarding scale, the latest size of theChina Southern CSI SWS Non-Ferrous Metal ETF stood at RMB 38.683 billion. (Data source: Wind)

For capital flow, theChina Southern CSI SWS Non-Ferrous Metal ETF recorded a latest net capital outflow of RMB 2.564 billion. Over the recent 5 trading days, it achieved net capital inflows on 4 days, accumulating a total of RMB 1.925 billion in "capital absorption" with an average daily net inflow of RMB 385 million. (Data source: Wind)

Data shows that leveraged capital has been continuously deploying in the ETF. The latest margin purchase amount of theChina Southern CSI SWS Non-Ferrous Metal ETF reached RMB 155 million, and the latest margin trading balance stood at RMB 783 million. (Data source: Wind)

As of February 2, theChina Southern CSI SWS Non-Ferrous Metal ETF had a net asset value (NAV) increase of 171.98% in the past two years, ranking 51st out of 2,554 index equity funds (top 2.00%). In terms of profitability, as of February 2, 2026, since its establishment, the ETF has achieved a maximum monthly return of 27.29%, the longest consecutive monthly growth period of 6 months with a cumulative increase of 70.46%, an average monthly return of 8.63% in upward months, an annual profit percentage of 62.50%, and a 66.29% profit probability for a 3-year historical holding period. As of February 2, 2026, the ETF's annualized excess return over the benchmark in the past year was 2.60%.

As of January 30, 2026, theChina Southern CSI SWS Non-Ferrous Metal ETF had a Sharpe ratio of 3.52 in the past year.

Regarding drawdown, as of February 2, 2026, the ETF's relative benchmark drawdown since the beginning of the year was 0.16%.

In terms of fees, theChina Southern CSI SWS Non-Ferrous Metal ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%.

For tracking accuracy, as of February 2, 2026, the ETF's tracking error in the past month was 0.014%.

TheChina Southern CSI SWS Non-Ferrous Metal ETF closely tracks the CSI Shenwan Non-Ferrous Metals Index. This index selects 50 listed company securities from the Shenwan Non-Ferrous Metals and Non-Metallic Materials industry in the Shanghai and Shenzhen markets as index samples to reflect the overall performance of listed company securities in the non-ferrous metals industry in the Shanghai and Shenzhen markets.

Data shows that as of January 30, 2026, the top 10 weight stocks of the CSI Shenwan Non-Ferrous Metals Index (000819) were Zijin Mining Group Co., Ltd., Luoyang Molybdenum Co., Ltd., Northern Rare Earth (Group) High-Tech Co., Ltd., Aluminum Corporation of China Limited, Huayou Cobalt Co., Ltd., China National Gold Group Co., Ltd., Shandong Gold Mining Co., Ltd., Industrial Bank Tin Co., Ltd., Ganfeng Lithium Co., Ltd., and Chifeng Jilong Gold Mining Co., Ltd., with a combined weight of 47.89%. (The stocks listed above are merely constituent stocks of the index and do not constitute specific investment recommendations.)

Huaxin Securities stated that Trump's nomination of the incoming Federal Reserve Chairman this week triggered a sharp volatility in precious metals. However, the Federal Reserve is still expected to cut interest rates within the year, and it is optimistic that precious metal prices will further rise after stabilizing. Recently, the operating rate of copper downstream has recovered, and domestic inventories have started to decrease, so prices are expected to remain strong; the downstream demand for aluminum is differentiated, the growth trend on the supply side continues, and the demand side shows a differentiated pattern; both supply and demand for tin are weak, and prices may fluctuate at a high level.

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