China Merchants Semiconductor Equipment ETF (561980) Falls 3.33%; Google's New TurboQuant Technology Causes Memory Prices to Plunge

NewTimeSpace News - As of 11:09 on April 2, 2026, the China Merchants Semiconductor Equipment ETF (561980) fell 3.33%, with its latest price at 2.03 yuan. Looking at a longer timeframe, as of April 1, 2026, the ETF has accumulated a gain of 0.29% over the past week, ranking 1st among 2 comparable funds. (The stocks listed above are solely index constituents and do not constitute specific investment recommendations.)

In terms of liquidity, the China Merchants Semiconductor Equipment ETF recorded an intraday turnover rate of 2.71% and a trading volume of 88.1113 million yuan. Looking at a longer timeframe, as of April 1, the ETF's average daily trading volume reached 159 million yuan over the past month.

Regarding fund size, the China Merchants Semiconductor Equipment ETF has grown by 2.544 billion yuan over the past year, representing a significant increase and ranking 1st among 2 comparable funds in terms of new asset inflows. (Data source: Wind)

In terms of fund shares, the China Merchants Semiconductor Equipment ETF increased by 76 million shares over the past month, achieving substantial growth and ranking 1st among 2 comparable funds in terms of new share additions. (Data source: Wind)

For capital flows, the China Merchants Semiconductor Equipment ETF recorded a net outflow of 23.1588 million yuan in the latest session. Looking at a longer timeframe, over the past 23 trading days, 12 days saw net inflows, with a total of 157 million yuan attracted, representing an average daily net inflow of 6.8174 million yuan. (Data source: Wind)

Data indicates continued positioning by leveraged funds. The China Merchants Semiconductor Equipment ETF recorded a net margin purchase of 2.6346 million yuan on the previous trading day, with its latest margin balance reaching 99.4824 million yuan. (Data source: Wind)

As of April 1, the China Merchants Semiconductor Equipment ETF has gained 125.91% over the past 2 years, ranking 29th among 2,638 equity index funds, placing it in the top 1.10%. In terms of return capability, as of April 1, 2026, since its inception, the ETF has achieved a maximum monthly return of 24.91%, a maximum consecutive rising period of 4 months, a maximum consecutive gain of 68.32%, a rising-to-falling month ratio of 17/14, an average monthly return of 10.45% during rising months, an annual profit percentage of 100.00%, and a 100.00% probability of profit for historical 2-year holdings. As of April 1, 2026, the China Merchants Semiconductor Equipment ETF has outperformed its benchmark by 0.79% in annualized returns over the past 2 years.

As of March 27, 2026, the China Merchants Semiconductor Equipment ETF's Sharpe ratio over the past year was 1.45, ranking 1st among 2 comparable funds, indicating the highest returns for equivalent risk levels.

Regarding drawdown, as of April 1, 2026, the China Merchants Semiconductor Equipment ETF's relative benchmark drawdown this year was 0.16%, representing the smallest drawdown among comparable funds.

In terms of fee structure, the China Merchants Semiconductor Equipment ETF charges a management fee of 0.50% and a custody fee of 0.10%, representing the lowest fee level among comparable funds.

For tracking accuracy, as of April 1, 2026, the China Merchants Semiconductor Equipment ETF's tracking error over the past month was 0.012%, achieving the highest tracking precision among comparable funds.

The China Merchants Semiconductor Equipment ETF closely tracks the CSI Semiconductor Industry Index, which selects up to 40 listed companies engaged in semiconductor materials, equipment, and applications from among listed companies as index constituents to reflect the overall performance of core semiconductor industry listed companies.

On the news front, a Citigroup report indicates that Google's new TurboQuant technology has caused memory prices to plunge, with mainstream DDR5 16GB spot prices recently falling 6%.

Morgan Stanley stated that while AI computing power demand continues to be released, customers' tolerance for high DRAM (Dynamic Random Access Memory) prices has become a substantive constraint, with related manufacturers facing valuation downward pressure.

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