NewTimeSpace News:As of 14:13 on March 4, 2026, the CSI All-Share Real Estate Index (931775) dropped 1.12%. Its constituent stocks were mixed in performance: Huali Group led the gains with a 2.81% rise, Sanxiang Impression went up 1.81%, and Huitong Energy increased 1.26%; China Merchants Property Services led the declines with a 6.06% drop, Shenzhen Special Zone Services fell 3.64%, and Shenzhen Shendifang A slid 3.52%. TheChina Southern CSI All Share Real Estate ETF (512200) declined 0.96% to a latest price of 1.45 yuan. (The stocks listed above are only constituent stocks of the index and do not constitute any specific investment recommendation.)

In terms of liquidity, theChina Southern CSI All Share Real Estate ETF posted an intraday turnover rate of 1.94% with a trading volume of 139 million yuan. As of March 3, its average daily trading volume in the past week reached 315 million yuan.

In terms of scale, theChina Southern CSI All Share Real Estate ETF saw a significant increase of 1.956 billion yuan in scale over the past three months, with the newly added scale ranking the top half among comparable funds. (Data source: Wind)

In terms of shares, theChina Southern CSI All Share Real Estate ETF witnessed a notable growth of 106 million shares in the past two weeks, with the newly added shares ranking the top half among comparable funds. (Data source: Wind)

In terms of capital flow, theChina Southern CSI All Share Real Estate ETF had a latest net capital outflow of 122 million yuan. Over a longer horizon, it registered net capital inflows on 4 out of the past 5 trading days, with a total net inflow of 181 million yuan and a daily average net inflow of 36.1078 million yuan. (Data source: Wind)

Data showed that leveraged funds have been continuously building positions in the ETF. The margin net purchase of theChina Southern CSI All Share Real Estate ETF in the previous trading day reached 2.5632 million yuan, with the latest margin balance standing at 133 million yuan. (Data source: Wind)

As of March 3, the net asset value (NAV) of theChina Southern CSI All Share Real Estate ETF had risen 5.98% in the past two years. In terms of profitability, as of March 3, 2026, since its establishment, the ETF has achieved a maximum monthly return of 36.69%, a longest streak of 4 consecutive monthly gains with a cumulative increase of 22.47%, and an average return of 6.78% in rising months. As of March 3, 2026, the ETF has delivered an annualized excess return of 1.71% over the benchmark since its launch.

In terms of drawdown, as of March 3, 2026, theChina Southern CSI All Share Real Estate ETF had a maximum drawdown of 7.72% since the start of the year and a relative benchmark drawdown of 0.10%, the smallest among comparable funds.

In terms of fees, theChina Southern CSI All Share Real Estate ETF has a management fee rate of 0.50% and a custodian fee rate of 0.10%, the lowest among comparable funds.

In terms of tracking accuracy, as of March 3, 2026, theChina Southern CSI All Share Real Estate ETF posted a tracking error of 0.004% in the past two months, boasting the highest tracking accuracy among comparable funds.

TheChina Southern CSI All Share Real Estate ETF closely tracks the CSI All-Share Real Estate Index. Designed to reflect the overall performance of securities of companies in different sectors within the CSI All-Share Index sample and provide an analytical tool for investors, the CSI All-Share Index sample is classified into 11 first-tier sectors, 35 second-tier sectors, more than 90 third-tier sectors and over 200 fourth-tier sectors according to the CSI Industry Classification. Indices are then compiled with all securities in each of the first, second, third and fourth-tier sectors as samples, forming the CSI All-Share Industry Indices.

Data showed that as of February 27, 2026, the top 10 weight stocks of the CSI All-Share Real Estate Index (931775) were Poly Developments, China Merchants Shekou, Vanke A, Zhangjiang Hi-Tech, Hainan Airport, Wantong Development, Quzhou Development, Seazen Holdings, Binjiang Group and Xiandao Jidian, accounting for a total of 44.32% of the index weight. (The stocks listed above are only constituent stocks of the index and do not constitute any specific investment recommendation.)

Kaiyuan Securities stated that the first issue of Qiushi Journal in 2026 made a significant statement, setting the tone of "improving and stabilizing market expectations for the real estate sector", which sent a clear signal of policy shift and guidance for the improvement of the real estate industry. During the current downward cycle, the retracement of newly started construction area (a 74.1% drop from the peak) is higher than that of sales area (a 50.9% drop from the peak), showing a certain "overshooting" in newly started construction and a more significant supply-side consolidation.

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