China Southern CSI All Share Real Estate ETF (512200) Gains 1.57% in Morning Trading; Institutions Believe New Property Reserves Policy Will Help Bring Valuation Repair Opportunities to Real Estate Stocks

NewTimeSpace News - As of 11:19 on February 4, 2026, the Real Estate ETF (512200) gained 1.57%, with its latest price reaching 1.55 yuan. Looking at a longer timeframe, as of February 3, 2026, the ETF has cumulatively gained 1.93% over the past month, ranking 1st out of 2 comparable funds. (Stocks listed above are constituent stocks of the index and do not constitute specific investment recommendations.)

In terms of liquidity, the Real Estate ETF recorded an intraday turnover rate of 2.9%, with trading volume reaching 200 million yuan. Looking at a longer timeframe, as of February 3, the average daily trading volume over the past week stood at 514 million yuan.

On the size front, the Real Estate ETF's latest assets under management reached 6.811 billion yuan, marking a new high for the past 3 months and ranking 1st out of 2 comparable funds. (Data source: Wind)

Regarding shares outstanding, the ETF's latest share count reached 4.465 billion units, marking a new high for the past 3 months and ranking 1st out of 2 comparable funds. (Data source: Wind)

From a capital flow perspective, the Real Estate ETF has seen continuous net capital inflows for the past 6 days, with the highest single-day net inflow reaching 739 million yuan, accumulating to a total of 1.361 billion yuan in attracted funds and an average daily net inflow of 227 million yuan. (Data source: Wind)

Data shows that leveraged funds continue to build positions. The ETF's latest margin purchase amount reached 24.8275 million yuan, with the latest margin financing balance standing at 140 million yuan. (Data source: Wind)

As of February 3, the ETF's NAV has gained 16.28% over the past two years. In terms of return capability, as of February 3, 2026, since the ETF's inception, its highest monthly return reached 36.69%, with the longest consecutive winning streak lasting 4 months and generating a cumulative gain of 22.47%. The average monthly return during up months stands at 6.78%. As of February 3, 2026, the ETF's annualized excess return over its benchmark since inception reached 1.73%.

Regarding drawdowns, as of February 3, 2026, the ETF's maximum year-to-date drawdown was 6.12%, with a relative drawdown against its benchmark of 0.06%, the smallest among comparable funds.

On fees, the Real Estate ETF's management fee rate is 0.50% and custodian fee rate is 0.10%, the lowest among comparable funds.

In terms of tracking accuracy, as of February 3, 2026, the ETF's tracking error over the past month stood at 0.004%, the highest tracking precision among comparable funds.

The Real Estate ETF closely tracks the CSI All Share Real Estate 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.

Huatai Securities stated that Shanghai's new property reserves policy provides a template for first-tier cities to stabilize the market. Combined with the central government's frequent release of real estate support signals since the beginning of this year, it will help bring valuation repair opportunities to real estate stocks. The firm recommends focusing on "three-good" real estate stocks that possess "good credit, good city locations, and good products," especially developers with quality reserves in Shanghai, those who have mastered cash flow lifelines through operational capabilities during market adjustments, Hong Kong local developers benefiting from Hong Kong market recovery, and property management companies with stable cash flows and dividend advantages.

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