Yongying China Securities Shanghai-Hong Kong-Shenzhen Gold Industry ETF (fund code: 517520) is an ETF product owned by Yongying Fund. It was established on October 24, 2023. The current fund managers are Mr. Liu Tingyu and Mr. Zhang Yun. The management fee for this product is 0.50% and the hosting fee is 0.10%. The fund closely tracks the China Securities Shanghai, Hong Kong and Shenzhen Gold Stock Industry Index (SSH Gold Stock) to minimize tracking deviations and tracking errors.
The positioning of SSH gold stocks: Gold has three major attributes: commodity, currency, and investment. Gold is an important global strategic asset and the cornerstone of each country's financial reserve system, and plays an irreplaceable role in maintaining a country's financial stability and economic security.
According to data from the World Gold Council (World Gold Council), as of 2022/12/31, China's gold production has steadily ranked first in the world, with an annual output of 375.0 tons, accounting for more than 10% of global production. High production has made gold one of China's key resources, and is also driving the development of China's gold industry. In this context, on October 17, 2017, the China Securities Shanghai, Shenzhen and Hong Kong Gold Industry Stock Index was officially released. The index is positioned in the Chinese gold industry and aims to reflect the overall performance of listed companies in the Chinese gold industry.
China Securities Shanghai, Shenzhen and Hong Kong Gold Industry Stock Index: Released on October 17, 2017. The index was based on December 31, 2014. From the Mainland and Hong Kong markets, 50 securities of listed companies with large market capitalization and business involving gold mining, smelting and sales were selected as an index sample to reflect the overall performance of listed gold industry securities in the Mainland and Hong Kong markets.
Characteristics of constituent stocks: concentrated weight and steady growth rate. Judging from the concentration of constituent stocks, the index's weight is concentrated on the top ten constituent stocks, accounting for a total of 67.79%; the index mainly invests in leading stocks in the gold industry, and the constituent stocks are highly representative; judging from the industry distribution, the CCIC Shanghai, Shenzhen and Hong Kong Gold Industry Stock Index is mainly non-ferrous metals, covering the entire process of gold production, production, and sales. While the industry is concentrated, the net profit growth rate of the CSIC Shanghai, Shenzhen and Hong Kong Gold Industry Stock Index is more steady.
Investment value analysis: The trend is similar to that of Shanghai Gold, which better reflects the gold stock market: SSH gold stocks can fluctuate up and down around the price of Shanghai Gold, and can track the domestic gold market over a long period of time. At the same time, SSH gold stocks have both the characteristics of stock fluctuations, and can better reflect the price changes of domestic gold stocks; their performance is independent and their allocation value is outstanding: the index trend is independent of various stock indexes and is independent for a long time. After being included in the portfolio, the ability of the index to maintain growth and control retracement strengthened the long-term performance of the portfolio, and the long-term allocation value was outstanding; SSH gold stocks have performed well since 2023:
In addition to the ability to control retracement and maintain growth in the portfolio, the index performance of SSH gold stocks in the short term is also impressive.
Risk Alerts and Statements: The research and analysis of fund products and indices in this report is based on historical public information, and may cause certain analytical deviations due to changes in index sample stocks; in addition, the historical performance and performance of fund managers does not represent the future; the future performance of the index is affected by multiple factors such as the macro environment, market fluctuations, and style changes, and there is a certain risk of fluctuation; this report does not involve securities investment fund evaluation services, recommendations for fund products, or recommendations for any index sample stocks. Please read the Risk Alerts and Statements section of the report carefully.