央行连续第七个月增持黄金，黄金ETF基金(159937)成交额超3.8亿元

Core Insights - The gold ETF fund (159937) has seen a decline of 1.47% as of June 9, 2025, with a latest price of 7.36 yuan and a transaction volume of 382 million yuan [1] - As of the end of May, China's foreign exchange reserves increased by 3.6 billion USD to 32,853 billion USD, with gold reserves at 242 billion USD, accounting for 7.37% of total reserves, a slight decrease of 0.06 percentage points from the previous month [1] - The People's Bank of China has increased its gold reserves for the seventh consecutive month, with expectations for further increases in the future [1] - Leverage funds are actively investing in the gold ETF, with the latest financing purchase amounting to 7.54 million yuan and a financing balance of 3.73 billion yuan [1] Performance Metrics - The gold ETF fund has appreciated by 95.50% over the past five years, ranking in the top two among comparable funds and fourth out of 21 in the precious metals category [2] - The fund's highest monthly return since inception was 10.62%, with the longest consecutive monthly gains being six months and a maximum increase of 16.53% [2] - The fund has a historical three-year profit probability of 100% and an average monthly return of 3.27% [2] Risk and Return Analysis - The Sharpe ratio for the gold ETF fund over the past year is 2.50, indicating strong risk-adjusted returns [3] - Year-to-date, the fund has experienced a relative drawdown of 0.35% compared to its benchmark [4] Fee Structure - The management fee for the gold ETF fund is 0.50%, while the custody fee is 0.10% [5]