ChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF(159562) Drops 3.48% Intraday,Institutions: Sector Correction Driven by Dovish Rate Cut Expectations

NewTimeSpace News: As of 14:14 on March 26, 2026, the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index (931238) dropped 3.58%. Among its constituent stocks, Zijin Gold International led the decline by 8.12%, Luk Fook Group fell 6.52%, Shandong Gold dropped 6.43%, Laopu Gold declined 5.41% and Zijin Mining fell 5.22%.ChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF(159562) fell 3.48% to the latest price of RMB 2.3. Over a longer period, as of March 25, 2026, the fund had a cumulative increase of 6.43% in the past three months. (The stocks listed above are only constituent stocks of the index and do not constitute any specific investment recommendation.)

In terms of liquidity,ChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETFrecorded an intraday turnover rate of 2.37% with a trading volume of RMB 142 million. Over a longer period, as of March 25, the fund had an average daily trading volume of RMB 362 million in the past week, ranking top 2 among comparable funds.

In terms of scale,ChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETFsaw a significant growth of RMB 3.054 billion in scale over the past three months, with the newly added scale ranking 1st among 6 comparable funds. (Data source: Wind)

In terms of fund shares, the fund witnessed a notable increase of 1.22 billion shares in the past three months, with the newly added shares ranking 1st among 6 comparable funds. (Data source: Wind)

Data showed that leveraged funds have continued to build positions in the fund. The latest margin purchase volume ofChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETFreached RMB 17.4429 million, with the latest margin balance standing at RMB 68.3986 million. (Data source: Wind)

As of March 25, the net asset value (NAV) ofChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETFhad risen 99.38% in the past two years, ranking 91st among 2,617 index equity funds and placing it in the top 3.48%. In terms of earnings capacity, as of March 25, 2026, since its inception, the fund has achieved a maximum monthly return of 38.46%, a longest consecutive monthly gain of 4 months with a cumulative increase of 40.15% during the period, and a ratio of up months to down months of 15:10. The average return in up months was 11.30%, with an annual profit ratio of 100.00%, a monthly profit probability of 63.60%, and a 100.00% historical probability of making a profit with a two-year holding period.

As of March 25, 2026,ChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETFhas an annualized excess return over the benchmark of 3.66% since its establishment.

As of March 20, 2026, the Sharpe ratio ofChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETFwas 1.64 in the past year, ranking top 3 among 6 comparable funds, delivering higher returns at the same risk level.

In terms of drawdown, as of March 25, 2026,ChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETFhad a relative drawdown of 3.38% against the benchmark since its inception.

In terms of fees, the fund has a management fee rate of 0.15% and a custodian fee rate of 0.05%, the lowest among comparable funds.

ChinaAMC CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETFclosely tracks the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index, which selects 50 large-cap listed company securities engaged in gold mining, smelting and sales from the mainland and Hong Kong markets as index samples, reflecting the overall performance of gold industry listed company securities in the mainland and Hong Kong markets.

Data showed that as of February 27, 2026, the top 10 weight stocks of the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index (931238) were Zijin Mining, China National Gold Group, Shandong Gold, Chifeng Gold, Zhaojin Mining, Shandong Gold International, Hunan Gold, Zijin Gold International, Zijin Mining and Shandong Gold in turn, accounting for a total of 61.77% of the index weight. (The stocks listed above are only constituent stocks of the index and do not constitute any specific investment recommendation.)

Shenyin & Wanguo Futures stated that the core drivers of the current precious metal correction stem from the dual pressure of revised dovish rate cut expectations and liquidity shocks. Firstly, the weakened rate cut expectations have pushed up the US dollar index and real interest rates; secondly, the pressured global risk appetite has led to liquidity tightness.

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