GF CSI Military Industry ETF(512680) Approaches Fourth Consecutive Gain; Institutions: Intensifying Great Power Rivalry is Long-term Trend, Defense Sector Remains Positive Long-term

NewTimeSpace News – As of 09:56 on April 15, 2026, Defense ETF GF (512680) rose 1.28%, approaching its fourth consecutive gain. The latest price reached 1.43 yuan. Looking at a longer time frame, as of April 14, 2026, the ETF had cumulatively increased 8.15% over the past week. (The stocks listed above are merely index constituents and do not constitute specific recommendations.)

In terms of liquidity, Defense ETF GF recorded an intraday turnover rate of 0.27%, with trading volume reaching 14.9839 million yuan. Looking at a longer time frame, as of April 14, the ETF's average daily trading volume over the past year was 140 million yuan.

Regarding scale, Defense ETF GF's assets under management grew by 148 million yuan over the past week, achieving significant growth and ranking 2nd out of 4 comparable funds in terms of new scale additions. (Data Source: Wind)

In terms of shares outstanding, Defense ETF GF's shares increased by 408 million over the past year, achieving significant growth and ranking 2nd out of 4 comparable funds in terms of new share additions. (Data Source: Wind)

Data shows that leveraged funds continue to accumulate positions. Defense ETF GF's latest financing purchase amount reached 2.2479 million yuan, with the latest financing balance at 30.761 million yuan. (Data Source: Wind)

As of April 14, Defense ETF GF's net asset value has increased 32.54% over the past five years. In terms of return capability, as of April 14, 2026, since its inception, the ETF's highest monthly return was 29.40%, the longest consecutive rising period was 4 months, the longest consecutive gain was 40.40%, and the average return during rising months was 6.87%. As of April 14, 2026, Defense ETF GF's annualized excess return relative to its benchmark since inception was 1.37%.

As of April 10, 2026, Defense ETF GF's Sharpe ratio over the past year was 1.18.

Regarding drawdowns, as of April 14, 2026, Defense ETF GF's drawdown relative to its benchmark year-to-date was 0.09%, representing the smallest drawdown among comparable funds.

In terms of fees, Defense ETF GF charges a management fee of 0.50% and a custody fee of 0.10%, representing the lowest fee structure among comparable funds.

Regarding tracking accuracy, as of April 14, 2026, Defense ETF GF's tracking error over the past month was 0.007%, representing the highest tracking precision among comparable funds.

Defense ETF GF closely tracks the CSI Defense Index. The CSI Defense Index selects listed company securities controlled by the ten major defense industry groups with businesses related to the defense industry, as well as other representative listed company securities whose main business is in the defense industry, as index samples, to reflect the overall performance of companies in the defense industry.

Guotai Haitong stated that intensifying great power rivalry is a long-term trend, and the defense sector remains positive long-term. The international environment is becoming increasingly complex and severe. To win modern warfare, advanced fighter jets and missiles are needed as means of victory, cost-effective equipment such as rocket artillery is required to sustain prolonged consumption, and reliable communication and command systems must serve as guarantees. It is recommended to focus on key segments such as aerospace equipment construction and cutting-edge hotspots including satellite internet.

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