Institution: Everbright Securities stated that the NDRC's early approval of the 2026 "Two Priorities" project list promotes investment stabilization and recovery, ,GF CSI Construction & Engineering ETF(516970) rising 0.40% against the trend

NewTimeSpace News – As of 10:12 on January 20, 2026, GF Infrastructure ETF (516970) rose 0.40%, with the latest price at RMB 1.24. Looking at a longer timeframe, as of January 19, 2026, the ETF has accumulated a 3.96% gain over the past two weeks. (The stocks listed above are index constituents only and do not constitute specific investment recommendations.)

In terms of liquidity, GF Infrastructure ETF recorded an intraday turnover ratio of 1.32% with trading volume of RMB 23.0629 million. Looking at the broader period, as of January 19, the ETF's average daily trading volume over the past year reached RMB 75.1016 million.

Regarding scale, GF Infrastructure ETF's latest assets under management reached RMB 1.739 billion. (Data source: Wind)

Data shows leveraged funds continue to build positions. GF Infrastructure ETF's latest margin purchase reached RMB 2.7342 million, with the latest financing balance at RMB 10.6050 million. (Data source: Wind)

As of January 19, GF Infrastructure ETF's NAV has increased 31.29% over the past two years. In terms of return capability, as of January 19, 2026, since its inception, the ETF's highest monthly return reached 18.03%, the longest consecutive gain period lasted 6 months with a total gain of 16.59%, and the average return during positive months was 4.60%. As of January 19, 2026, GF Infrastructure ETF's 2-year annualized excess return over benchmark was 2.93%.

As of January 16, 2026, GF Infrastructure ETF's Sharpe ratio over the past year stands at 1.27.

Regarding drawdown, as of January 19, 2026, GF Infrastructure ETF's maximum year-to-date drawdown was 1.20%, with a relative benchmark drawdown of 0.03%.

In terms of fees, GF Infrastructure ETF's management fee rate is 0.50% and custody fee rate is 0.10%.

In tracking accuracy, as of January 19, 2026, GF Infrastructure ETF's year-to-date tracking error was 0.021%.

GF Infrastructure ETF closely tracks the CSI Infrastructure Engineering Index. The CSI Infrastructure Engineering Index selects listed securities of companies engaged in construction and engineering, as well as building decoration industries, as index constituents to reflect the overall performance of listed companies in the infrastructure engineering sector.

Everbright Securities stated that the NDRC issued the early approval list of 2026 "Two Priorities" projects to promote investment stabilization and recovery. On December 31, 2025, the National Development and Reform Commission announced at a press conference that it had issued the 2026 early approval "Two Priorities" construction project list and central budget investment plan, with a total of approximately RMB 295 billion, an increase of RMB 95 billion compared with the same period last year, marking that investment in 2026 will continue to be front-loaded, with project construction still relying on central government funding. By accelerating fund disbursement and utilization and project approval, investment will be stabilized with greater intensity.

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