Geopolitical Situation Boosts Safe-Haven Demand,Maxwealth CSI Shanghai-Shenzhen-Hong Kong Gold Industry Commodity ETF(517520) Rises 2.74%, Aiming for Third Consecutive Gain

NewTimeSpace News – As of 10:02 on January 21, 2026, Gold Mining ETF (517520) rose 2.74%, aiming for its third consecutive gain, with the latest price at RMB 2.51. Looking at a longer timeframe, as of January 20, 2026, the ETF has accumulated a 7.05% gain over the past week. (The stocks listed above are index constituents only and do not constitute specific investment recommendations.)

In terms of liquidity, Gold Mining ETF recorded an intraday turnover ratio of 2.37% with trading volume of RMB 373 million. Over a broader period, as of January 20, the ETF's average daily trading volume over the past week reached RMB 557 million, ranking 1st among comparable funds.

Regarding scale, Gold Mining ETF's latest assets under management reached RMB 15.263 billion, marking a new high for the past year and ranking 1st among 6 comparable funds. (Data source: Wind)

In terms of shares, Gold Mining ETF's latest share count reached 6.281 billion units, a new high for the past month and ranking 1st among 6 comparable funds. (Data source: Wind)

From a fund flow perspective, Gold Mining ETF has received continuous net capital inflows for 3 consecutive days, with a peak single-day net inflow of RMB 320 million, totaling RMB 454 million in "capital attraction" with an average daily net inflow of RMB 151 million. (Data source: Wind)

Data shows leveraged funds continue to build positions. Gold Mining ETF's latest margin purchase reached RMB 33.113 million, with the latest financing balance at RMB 178 million. (Data source: Wind)

As of January 20, Gold Mining ETF's NAV has increased 115.15% over the past year, ranking 1st among comparable funds and 11th out of 3,447 equity index funds, placing it in the top 0.32%. In terms of return capability, as of January 20, 2026, since its inception, the ETF's highest monthly return reached 21.81%, the longest consecutive gain period lasted 4 months with a total gain of 40.27%, the ratio of up months to down months was 14/12, the average return during positive months was 9.41%, the annual profitability percentage was 100.00%, and the historical probability of profit from holding for 2 years was 100.00%. As of January 20, 2026, Gold Mining ETF's 1-year annualized excess return over benchmark was 2.64%, ranking 1st among 6 comparable funds.

As of January 16, 2026, Gold Mining ETF's Sharpe ratio over the past year stands at 2.69.

Regarding drawdown, as of January 20, 2026, Gold Mining ETF's maximum year-to-date drawdown was 1.78%, with a relative benchmark drawdown of 0.04%, representing the smallest drawdown among comparable funds. The recovery period after drawdown was 1 day, representing the fastest recovery among comparable funds.

In terms of fees, Gold Mining ETF's management fee rate is 0.50% and custody fee rate is 0.10%, placing it at a relatively low level among comparable funds.

In tracking accuracy, as of January 20, 2026, Gold Mining ETF's year-to-date tracking error was 0.025%, representing the highest tracking precision among comparable funds.

Gold Mining ETF closely tracks the CSI Mainland and Hong Kong Gold Industry Stock Index. The CSI Mainland and Hong Kong Gold Industry Stock Index selects 50 listed company securities with larger market capitalization from Mainland and Hong Kong markets whose business involves gold mining, smelting, and sales as index constituents to reflect the overall performance of gold industry listed companies in Mainland and Hong Kong markets.

Huayuan Securities stated that the precious metals sector has seen strong price gains recently, with geopolitical situations boosting safe-haven demand. Against the backdrop of protectionism and great power rivalry, central bank gold reserves accumulation will provide strong bottom support for gold prices, with sufficient upward momentum. The duration of the Federal Reserve's current rate-cutting cycle may be extended by employment resilience and inflation disturbances, but there remains substantial policy space, increasing the window for gold long positions. Continued strategic purchases by central banks and potential new investment entrants may also further support the positive trend in gold prices.

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