国有企业改革深化提升行动加速推进，红利低波ETF（512890）助力把握高分红国企配置机遇

Core Insights - The domestic market continues to experience fluctuations due to overseas geopolitical disturbances and political maneuvering, with a notable preference for defensive dividend assets among investors [1] - The Dividend Low Volatility ETF (512890) has seen significant inflows, achieving a net growth in fund size of 39.5 billion CNY over the past three and a half months, making it the only dividend-themed fund to surpass this growth during the same period [1][2] Group 1 - The Dividend Low Volatility ETF (512890) has a current size of 176.57 billion CNY and has attracted 26.9 billion CNY in investments since March 2025 [1][2] - As of the end of Q1 2025, the average completion rate of key reform tasks for central and local state-owned enterprises has exceeded 80%, with a focus on high-quality completion of these reforms [1] - The underlying index of the Dividend Low Volatility ETF consists of 50 stocks with high dividend yields and low volatility, with a significant 69.63% of its components being central state-owned enterprises [2] Group 2 - The Dividend Low Volatility ETF is the first ETF to track the Dividend Low Volatility Index and has surpassed 100 billion CNY in size, indicating strong market interest [2] - The ETF's linked funds have also gained popularity, with 829,800 account holders as of the end of 2024, making it one of the few dividend-themed index funds with such a high number of investors [2] - The ETF has consistently paid monthly dividends for 21 consecutive months, and its Y share class has become the first index fund eligible for personal pension investments, exceeding 100 million CNY in size by March 31, 2025 [2]