ETF日报：当前美元资产不确定性上升，亚洲资产吸引力提升，可关注红利国企ETF

Market Overview - A-shares experienced a correction today, with the Shanghai Composite Index down 0.3% to 3342 points, the Shenzhen Component Index down 0.69%, and the ChiNext Index down 0.87% [1] - The trading volume in A-shares was 1.22 trillion yuan, slightly lower than the previous day [1] Trade Data - In April, China's total goods trade value reached 3.84 trillion yuan, an increase of 5.6%, with exports growing by 9.3% year-on-year (previously 13.5%) and imports increasing by 0.8% (previously down 3.5%), resulting in a trade surplus of 689.9 billion yuan [1] - For the first four months of 2025, China's total goods trade value was 14.14 trillion yuan, a year-on-year increase of 2.4%, with exports at 8.39 trillion yuan (up 7.5%) and imports at 5.75 trillion yuan (down 4.2%) [1] - The growth rate of imports turned positive in April, indicating strong resilience in the economy [1] Trade Partners - ASEAN remains China's largest trading partner, with trade totaling 2.38 trillion yuan (up 9.2%), accounting for 16.8% of total foreign trade [1] - Trade with the EU reached 1.78 trillion yuan (up 1.1%), making up 12.6% of total trade [1] - Trade with the US totaled 1.44 trillion yuan, down 2.1%, accounting for 10.2% [1] Private Enterprises - The share of private enterprises in imports and exports has increased, with their total trade reaching 8.05 trillion yuan (up 6.8%), accounting for 56.9% of total foreign trade, an increase of 2.3 percentage points year-on-year [2] High-Tech Products - High-tech products showed strong performance, with a total trade value of 1.52 trillion yuan (up 7.4%) in the first four months [2] - Mechanical and electrical products accounted for 60.1% of total exports, with significant growth in exports of automatic data processing equipment, integrated circuits, and automobiles [2] Market Sentiment - The recent trade data exceeded market expectations, reflecting a continuous recovery trend in the economy, with previous policy effects becoming evident [2] - If the US-China tariff conflict eases and economic data continues to show resilience, market sentiment may improve [2] Investment Opportunities - In the current market environment, attention can be given to dividend and cash flow products, as certain ETFs showed resilience despite market declines [2] - The dividend yield for the Red Chip ETF (510720) is approximately 6.91%, while the Hong Kong Dividend ETF (159331) has a yield of about 8.96%, providing investment appeal [5] - The focus on "large and medium-sized enterprises + central state-owned enterprises + abundant cash flow" is expected to be a key investment theme for the year [5]