市场调整，黄金股票ETF基金(159322)兼顾避险与景气双逻辑，现逆市飘红！

Core Viewpoint - The ongoing rise in risk aversion has made gold an essential asset in the restructuring of international order, with increasing demand for gold driven by U.S. government shutdowns and trade tensions with China [1] Group 1: Gold Market Dynamics - The demand for gold is being pushed up by the U.S. government shutdown and threats of tariffs on Chinese goods, leading to heightened skepticism about the dollar's credibility [1] - Global central banks continue to increase their gold reserves, with China's central bank having raised its gold reserves for 11 consecutive months, now accounting for 7.7% of its foreign reserves [1] - The strategic value of gold is being recognized at the national level, as evidenced by the increase in China's gold reserves and the concurrent rise in foreign exchange reserves [1][3] Group 2: Gold ETF Performance - As of October 10, 2025, the gold stock ETF fund has seen a net value increase of 61.30% over the past six months, ranking in the top 2 among comparable funds [4] - The gold stock ETF fund has a historical one-year profit probability of 100%, with an average monthly return of 9.45% during rising months [4] - The fund's management fee is 0.50%, and the custody fee is 0.10%, indicating a relatively low cost structure for investors [4] Group 3: Index Composition - The CSI Hong Kong and Shanghai Gold Industry Stock Index includes 50 large-cap companies involved in gold mining, refining, and sales, reflecting the overall performance of the gold industry in the region [5] - The top ten weighted stocks in the index account for 68.2% of the total, with major players including Zijin Mining and Shandong Gold [5]