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515760

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--%
1d
1w
1m

Analysis and statistics

  • Open
    1.452$
  • Previous Close
    1.4549$
  • 52 Week Change
    --
  • Day Range
    -0.00$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

515760.SHG is the Shanghai Gold ETF (Exchange Traded Fund). It tracks the performance of the Shanghai Gold Exchange (SGE) Au99.99 spot gold price. It allows investors to gain exposure to gold prices without directly purchasing physical gold, offering a convenient and relatively liquid way to participate in the gold market.
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Factors

Underlying Index Performance: The primary driver is the performance of the SSE STAR Market 50 Index it tracks. Rising index values usually increase the ETF's price.

Supply and Demand: High demand for the ETF relative to its supply pushes the price up, while increased selling pressure leads to price declines.

Fund Management Fees: The annual management fee charged impacts the ETF's overall return, thereby affecting its attractiveness and price.

Trading Volume & Liquidity: Higher liquidity (more trading volume) typically results in narrower bid-ask spreads and more efficient price discovery.

Market Sentiment: Overall investor confidence and risk appetite in the STAR market significantly affect demand and the ETF's price.

Tracking Error: Deviations between the ETF's returns and the index returns (tracking error) can influence investor perception and pricing.

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