Middle East Geopolitical Tensions Intensify, Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF (517520) Surges 3.64% in Early Trading
NewTimeSpace News: As of 09:39 on March 2, 2026, Gold Mining Stocks ETF (517520) rose 3.64%, with the latest price at 2.76 yuan. Looking at a longer time frame, as of February 27, 2026, Gold Mining Stocks ETF has cumulatively increased 7.37% over the past week, ranking 2nd out of 6 comparable funds in terms of gains. (The stocks listed above are index constituents only, with no specific recommendation intended.)
In terms of liquidity, Gold Mining Stocks ETF recorded an intraday turnover rate of 2.98%, with trading volume reaching 486 million yuan. Looking at a longer time frame, as of February 27, the ETF's average daily trading volume over the past month was 1.146 billion yuan, ranking first among comparable funds. (Data source: Wind)
In terms of scale, Gold Mining Stocks ETF's assets under management grew by 2.152 billion yuan over the past three months, achieving significant growth, with the new scale ranking 2nd out of 6 comparable funds. (Data source: Wind)
In terms of shares, Gold Mining Stocks ETF's share count increased by 2.065 billion shares over the past six months, achieving significant growth, with the new shares ranking 2nd out of 6 comparable funds. (Data source: Wind)
Data shows that leveraged funds continue to build positions. Gold Mining Stocks ETF's net margin purchase amount on the previous trading day reached 38.6136 million yuan, with the latest margin balance at 266 million yuan. (Data source: Wind)
As of February 27, Gold Mining Stocks ETF's net value has risen 133.53% over the past year, ranking first among comparable funds, and ranking 20th out of 3,536 index equity funds, placing it in the top 0.57%. In terms of return capability, as of February 27, 2026, since its inception, Gold Mining Stocks ETF's highest monthly return was 39.65%, the longest consecutive rising period was 4 months, the longest consecutive rising gain was 40.27%, the ratio of rising to falling months was 15/13, the average return rate during rising months was 11.43%, the annual profit percentage was 100.00%, the monthly profit probability was 61.13%, and the historical 2-year holding profit probability was 100.00%. As of February 27, 2026, Gold Mining Stocks ETF's annualized excess return over the benchmark over the past year was 2.60%, ranking 1st out of 6 comparable funds.
As of February 27, 2026, Gold Mining Stocks ETF's Sharpe ratio over the past year was 2.50.
In terms of drawdown, as of February 27, 2026, Gold Mining Stocks ETF's relative benchmark drawdown year-to-date was 0.40%, representing the smallest drawdown among comparable funds.
In terms of fees, Gold Mining Stocks ETF has a management fee of 0.50% and a custody fee of 0.10%, representing a relatively low fee structure among comparable funds.
In terms of tracking accuracy, as of February 27, 2026, Gold Mining Stocks ETF's tracking error over the past six months was 0.039%, demonstrating the highest tracking precision among comparable funds.
Gold Mining Stocks ETF closely tracks the CSI SH-HK Gold Industry Stock Index. The CSI SH-HK Gold Industry Stock Index selects 50 listed company securities with larger market capitalization and business involvement in gold mining, smelting, and sales from the Mainland and Hong Kong markets as index samples to reflect the overall performance of gold industry listed company securities in the Mainland and Hong Kong markets.
On the news front, Middle East geopolitical tensions have triggered a rise in safe-haven sentiment in the precious metals market. On March 2, gold and silver opened higher across the board. London spot gold rose to $5,341 per ounce, up 1.21%; London spot silver was quoted at $94 per ounce, up 0.48%.
Huafu Securities pointed out that escalating geopolitical conflicts are expected to drive gold to fluctuate and strengthen, but attention needs to be paid to the sustainability of the conflicts. If conflicts continue to escalate or extend in duration, in addition to upward drivers from safe-haven sentiment, attention should also be paid to potential energy price increases and their transmission to U.S. inflation and interest rate cut expectations. In the short term, gold prices may continue a pattern of fluctuating strength, with March focusing on the sustainability of geopolitical conflicts and progress on Trump's visit to China.
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