价值、低波、红利等因子有效性或提升，红利低波ETF（512890）值得关注

Group 1 - The core viewpoint of the articles highlights the active trading of the Dividend Low Volatility ETF (512890) and the supportive policies from the China Securities Regulatory Commission (CSRC) aimed at enhancing market stability and investor confidence [1][2] - The CSRC's new action plan includes 25 measures to shift the focus of the public fund industry from "scale" to "returns," which is expected to have a medium to long-term impact on the A-share market ecosystem [2] - The recent economic data, including resilient inflation and export figures, suggests a short-term favorable outlook, although the risk-reward ratio may decline, leading to a more structural market trend [1] Group 2 - The new regulations are expected to accelerate the trend towards indexation of public fund products and emphasize the performance benchmark constraints for fund products, potentially increasing allocations to low-risk equity funds and dividend assets [2] - Investment firms recommend maintaining current positions in the market while adjusting the portfolio structure, favoring sectors like large financials and dividend stocks over previously high-performing technology and growth sectors [1] - The MACD golden cross signal indicates positive momentum in certain stocks, suggesting potential investment opportunities [4]