Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF (517520) Surges Nearly 5% in Early Trading as Middle East Tensions Show Signs of Easing Overnight

NewTimeSpace News - As of 09:47 on March 25, 2026, the Yongying Gold Mining ETF (517520) rose 4.87%, with its latest price reaching 2.24 yuan. Looking at a longer timeframe, as of March 24, 2026, the ETF has accumulated a gain of 2.65% over the past three months, ranking 2nd among 6 comparable funds. (The stocks listed above are solely index constituents and do not constitute specific investment recommendations.)

In terms of liquidity, the Yongying Gold Mining ETF recorded an intraday turnover rate of 1.32% and a trading volume of 164 million yuan. Looking at a longer timeframe, as of March 24, the ETF's average daily trading volume reached 745 million yuan over the past week, ranking first among comparable funds.

Regarding fund size, the Yongying Gold Mining ETF has grown by 533 million yuan over the past six months, representing a significant increase and ranking 3rd among 6 comparable funds in terms of new asset inflows. (Data source: Wind)

In terms of fund shares, the Yongying Gold Mining ETF increased by 3.29 billion shares over the past year, achieving substantial growth and ranking 1st among 6 comparable funds in terms of new share additions. (Data source: Wind)

Data indicates continued positioning by leveraged funds. The Yongying Gold Mining ETF recorded a net margin purchase of 22.9196 million yuan on the previous trading day, with its latest margin balance reaching 263 million yuan. (Data source: Wind)

As of March 24, the Yongying Gold Mining ETF has gained 65.13% over the past year, ranking first among comparable funds and 103rd among 3,632 equity index funds, placing it in the top 2.84%. In terms of return capability, as of March 24, 2026, since its inception, the ETF has achieved a maximum monthly return of 39.65%, a maximum consecutive rising period of 4 months, a maximum consecutive gain of 40.27%, a rising-to-falling month ratio of 15/13, an average monthly return of 11.43% during rising months, an annual profit percentage of 100.00%, a monthly profit probability of 60.18%, and a 100.00% probability of profit for historical 2-year holdings. As of March 24, 2026, the Yongying Gold Mining ETF has outperformed its benchmark by 1.45% in annualized returns over the past year, ranking 1st among 6 comparable funds.

As of March 20, 2026, the Yongying Gold Mining ETF's Sharpe ratio over the past year was 1.64, ranking among the top 2 of 6 comparable funds, indicating higher returns for equivalent risk levels.

Regarding drawdown, as of March 24, 2026, the Yongying Gold Mining ETF's relative benchmark drawdown since inception was 1.86%.

In terms of fee structure, the Yongying Gold Mining ETF charges a management fee of 0.50% and a custody fee of 0.10%, representing a relatively low fee level among comparable funds.

For tracking accuracy, as of March 24, 2026, the Yongying Gold Mining ETF's tracking error over the past six months was 0.044%, achieving the highest tracking precision among comparable funds.

The Yongying Gold Mining ETF closely tracks the CSI SHHK Gold Industry Index, which selects 50 listed companies with relatively large market capitalizations engaged in gold mining, smelting, and sales from the Mainland China and Hong Kong markets as index constituents to reflect the overall performance of gold industry listed companies in these markets.

On the news front, Middle East tensions showed signs of easing overnight, with COMEX gold futures surging over 4% to currently trade at $4,611.80 per ounce.

An institutional executive noted that precious metals have become a "crowded trade" on the long side at a time when investors suddenly need liquidity, making them more vulnerable to concentrated position unwinding. This is because gold is one of the easiest assets to liquidate quickly when markets rush to raise funds. Analysts at Standard Chartered also expressed continued optimism about gold's long-term prospects.

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