Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF (517520) Falls 1.20% in Early Trading; Institutions: Gold May Experience Short-Term "Buy the Rumor, Sell the News" Effect

NewTimeSpace News: As of 10:55 on March 6, 2026, Gold Mining Stocks ETF (517520) fell 1.20%, with the latest price at 2.55 yuan. In terms of scale, Gold Mining Stocks ETF's assets under management grew by 395 million yuan over the past week, achieving significant growth, with the new scale ranking 1st out of 6 comparable funds.In terms of shares, Gold Mining Stocks ETF's latest share count reached 6.318 billion shares, hitting a new high for the past month, and ranking 1st out of 6 comparable funds.

NewTimeSpace News: As of 10:55 on March 6, 2026, Gold Mining Stocks ETF (517520) fell 1.20%, with the latest price at 2.55 yuan. Looking at a longer time frame, as of March 5, 2026, Gold Mining Stocks ETF has cumulatively increased 4.03% over the past two weeks, ranking 1st 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 1.74%, with trading volume reaching 277 million yuan. Looking at a longer time frame, as of March 5, the ETF's average daily trading volume over the past week was 1.04 billion yuan, ranking first among comparable funds. (Data source: Wind)

In terms of scale, Gold Mining Stocks ETF's assets under management grew by 395 million yuan over the past week, achieving significant growth, with the new scale ranking 1st out of 6 comparable funds. (Data source: Wind)

In terms of shares, Gold Mining Stocks ETF's latest share count reached 6.318 billion shares, hitting a new high for the past month, and ranking 1st out of 6 comparable funds. (Data source: Wind)

Regarding net capital inflows, Gold Mining Stocks ETF has recorded consecutive net capital inflows for 4 days, with a single-day high of 459 million yuan in net inflows, totaling 1.06 billion yuan in "capital attraction," with an average daily net inflow of 265 million yuan. (Data source: Wind)

Data shows that leveraged funds continue to build positions. Gold Mining Stocks ETF's latest margin purchase amount reached 21.0067 million yuan, with the latest margin balance at 273 million yuan. (Data source: Wind)

As of March 5, Gold Mining Stocks ETF's net value has risen 117.06% over the past year, ranking first among comparable funds, and ranking 44th out of 3,555 index equity funds, placing it in the top 1.24%. In terms of return capability, as of March 5, 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 61.23%, and the historical 2-year holding profit probability was 100.00%. As of March 5, 2026, Gold Mining Stocks ETF's annualized excess return over the benchmark over the past year was 1.94%, 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 March 5, 2026, Gold Mining Stocks ETF's relative benchmark drawdown year-to-date was 0.42%, 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 March 5, 2026, Gold Mining Stocks ETF's tracking error over the past six months was 0.042%, 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.

Open Source Securities stated that as a relatively typical safe-haven asset, gold's price trend is highly correlated with geopolitical situations. With significantly elevated Middle East geopolitical risks, gold's safe-haven function has become prominent. Historical experience shows that after conflicts occur, gold may experience a short-term "buy the rumor, sell the news" effect with downward price pressure, but from a medium- to long-term perspective, gold prices subsequently showed relatively significant increases. In the long term, gold prices may continue to rise.

Looking ahead, the logic that "Federal Reserve rate cut cycle + intensifying overseas uncertainty + global de-dollarization trend" provides support for gold prices still holds.

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