调整行情防御属性凸显，红利低波ETF（512890）本周净流入超5亿元

Core Viewpoint - The market continues to experience fluctuations, but the dividend-themed ETFs, particularly the Low Volatility Dividend ETF (512890), are attracting significant capital inflows due to their stable fundamentals and defensive attributes [1][2]. Group 1: Market Performance and Fund Inflows - The Low Volatility Dividend ETF (512890) has seen a net inflow of 5.11 billion yuan over four trading days from June 16 to June 19, achieving a total fund size of 180.89 billion yuan, marking a new high since its inception [1]. - The ETF has consistently generated positive returns since its establishment in 2018, making it an attractive option for long-term capital seeking value in a volatile investment environment [2]. Group 2: Regulatory Environment and Investment Trends - Recent regulatory policies encouraging cash dividends from listed companies and promoting long-term capital inflows are contributing to the growing appeal of the Low Volatility Dividend ETF [1]. - The narrowing premium between A-shares and H-shares is expected to align the overall valuation and dividend yield differences, further enhancing the attractiveness of dividend investments [1]. Group 3: Fund Management and Historical Performance - Huatai-PineBridge Fund, a pioneer in ETF management in China, has over 18 years of experience in dividend index investment, having launched multiple dividend-themed ETFs since 2006 [3]. - As of June 19, the total management scale of Huatai-PineBridge's dividend-themed ETFs has surpassed 40.6 billion yuan [3].