Southern Fund's Gold ETF Sees Four Consecutive Days of Net Fund Inflows, Long-term Gold Market Trend Expected to Continue

As of March 13, 2026, 10:13 AM, the South Gold ETF (159834) traded 8.9066 million yuan. As of March 12, the South Gold ETF (159834) had a latest single-day net subscription of 91 million yuan, with continuous net capital inflows over the past four days.

Data released by the World Gold Council shows that in February, global physical gold ETF inflows were approximately $5.3 billion, marking the ninth consecutive month of net inflows. The total holdings of gold ETFs rose to a record high, increasing by 26 tons to 4,171 tons, with total assets under management reaching a record $701 billion.

Guotai Haitong Securities pointed out that against the backdrop of geopolitical conflicts and the restructuring of the global monetary system, the upward momentum of gold is spreading from official sources to the private sector. Since 2025, private sector demand for gold investment has significantly increased, becoming a more important factor influencing gold prices. Data shows that the asset size of alternative commodity funds, represented by gold, continues to rise, and capital inflows have also shown a sustained upward trend. Looking ahead, as trust in various countries declines, the world is still undergoing ongoing restructuring of the monetary system, and geopolitical conflicts will continue to cause disturbances. Therefore, the long-term trend of gold prices is expected to persist.

Related ETF—South Gold ETF (159834) investment opportunities are highly regarded. This fund closely tracks the spot contract prices of gold on the Shanghai Gold Exchange, offering high transparency and good liquidity, supporting T+0 intraday trading. Over-the-counter connection (Class A: 018391; Class C: 018392; Class I: 021004).

Related OTC products—South China Securities CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index Fund (Class A: 021958; Class C: 021959) closely tracks the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index. In the morning session of March 13, the CSI Shanghai-Shenzhen-Hong Kong Gold Industry Stock Index surged into positive territory. This index comprehensively covers leading companies across the entire gold industry chain in three regions—exploration, mining, processing, and sales—potentially allowing investors to share in the industry’s growth dividends.

Institutions indicate that gold stocks, as a leverage amplifier of gold price fluctuations, have demonstrated stronger profit explosion potential and investment opportunities during this bull market. The continued improvement of the fundamentals of gold stocks has driven the gold industry into a high-quality growth cycle characterized by rising volume and prices. On one hand, gold prices hit a historic high, directly increasing the profit margins of gold mining companies. Many companies have announced earnings forecasts showing profit growth or turning losses into profits, visually confirming the comprehensive improvement in industry profitability.

On the other hand, mining companies are accelerating resource integration and capacity expansion through large overseas asset acquisitions, resource reserve development, and core project commissioning, strengthening diversified resource layouts to boost performance. Additionally, companies have issued 2026 gold mine production guidance, clarifying capacity targets to provide stable support for industry fundamentals. In simple terms, rising gold prices → increased profits → higher valuations → explosive stock prices, suggesting that gold stocks may be entering a “volume and price rising” golden cycle.