NewTimeSpace News: As of 14:35 on March 19, 2026, the CSI Media Index (399971) dropped 1.64%. Its constituent stocks saw a mixed performance of rises and falls: Guizhou Broadcasting Network led the gains with an increase of 9.95%, Kunlun Tech rose 8.88% and China Science Publishing & Media advanced 4.54%; Giant Network topped the decliners with a fall of 5.91%, Wanrun Technology dropped 4.64% and 37 Interactive Entertainment declined 3.87%. The GF CSI Media Index ETF(512980) fell 1.71% to a latest quote of RMB 1.03. Over a longer period, as of March 18, 2026, the ETF had a cumulative increase of 0.67% since the start of the month, ranking 1st among 2 comparable funds in terms of growth rate. (The stocks listed above are only constituent stocks of the index and do not constitute any specific investment recommendation.)

In terms of liquidity, the GF CSI Media Index ETFposted an intraday turnover rate of 2.91% with a trading volume of RMB 190 million. As of March 18, its average daily trading volume reached RMB 467 million in the past month.

In terms of scale, the GF CSI Media Index ETFachieved a remarkable growth with a scale increase of RMB 4.018 billion in the past three months, ranking 1st among 2 comparable funds in terms of newly added scale. (Data source: Wind)

In terms of shares, the GF CSI Media Index ETFsaw a significant rise with a share increase of 3.602 billion in the past three months, ranking 1st among 2 comparable funds in terms of newly added shares. (Data source: Wind)

Data showed that leveraged funds have been continuously building positions in the ETF. The net margin purchase amount of the GF CSI Media Index ETFin the previous trading day reached RMB 2.0699 million, with the latest margin balance standing at RMB 185 million. (Data source: Wind)

As of March 18, the net asset value of the GF CSI Media Index ETFhad risen 19.80% in the past year. In terms of earnings capacity, as of March 18, 2026, since its establishment, the ETF has achieved a maximum monthly return of 26.55%, a longest consecutive rising period of 6 months with a cumulative increase of 87.46% during the period, an average yield of 6.66% in rising months and an annual profit rate of 62.50%. As of March 18, 2026, the ETF has an annualized return of 1.75% outperforming the benchmark since its establishment.

In terms of drawdown, as of March 18, 2026, the GF CSI Media Index ETFhad a drawdown of 0.12% relative to the benchmark year-to-date, the smallest among comparable funds.

On the fee front, the GF CSI Media Index ETFhas a management fee rate of 0.50% and a custodian fee rate of 0.10%, the lowest among comparable funds.

In terms of tracking accuracy, as of March 18, 2026, the tracking error of the GF CSI Media Index ETFwas 0.014% in the past month, the highest in tracking accuracy among comparable funds.

The GF CSI Media Index ETFclosely tracks the CSI Media Index. The index selects 50 listed company securities with relatively large total market capitalization from industries such as marketing and advertising, culture and entertainment, and digital media as index samples, so as to reflect the overall performance of representative listed company securities in the media sector.

Data showed that as of February 27, 2026, the top 10 weight stocks of the CSI Media Index (399971) were Focus Media, BlueFocus Intelligent Communication, Leo Group, Yanshan Technology, Kunlun Tech, Giant Network, Kaiying Network, 37 Interactive Entertainment, Perfect World and Enlight Media, accounting for a total of 53.92% of the index's weight. (The stocks listed above are only constituent stocks of the index and do not constitute any specific investment recommendation.)

China Post Securities stated that the domestic multimodal track is developing vigorously with intensive efforts, and the multimodal competition has stepped into the deep-water zone of industrial restructuring. Advertising and marketing is one of the fields most sensitive to costs and efficiency, and multimodal technologies represented by Google are expected to drive an exponential drop in the marginal cost of marketing materials.

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