震荡行情红利类资产吸引力渐强！头部ETF品种布局踊跃、交投活跃

Group 1 - The A-share market experienced a collective pullback on July 31, with increasing attractiveness of dividend assets characterized by "high dividend + low volatility + counter-cyclical attributes" [1] - The two leading dividend ETFs, the Dividend Low Volatility ETF (512890) and the Dividend ETF (510880), saw significant trading volumes of 625 million and 639 million yuan respectively, with increases of 20.5% and 44.6% compared to the previous trading day, accumulating over 450 million yuan in total [1] - The Dividend ETF (510880), established on June 11, 2017, has attracted a total of 626 million yuan in net subscriptions over four consecutive trading days, making it the only dividend-themed ETF with net inflows exceeding 600 million yuan during this period [1] Group 2 - The Dividend Low Volatility ETF (512890) has gained 2.796 billion yuan in funding since July, reaching a fund size of 21.366 billion yuan as of July 31, marking it as the only low volatility dividend ETF in the A-share market exceeding 20 billion yuan [2] - Since its establishment on December 19, 2018, the Dividend Low Volatility ETF (512890) has consistently achieved positive returns every full year, ranking first among its peers in terms of five-year returns as of June 30 [2] - The latest fund annual report indicates that the Dividend Low Volatility ETF (512890) has 829,800 account holders, making it the only dividend-themed index fund with over 800,000 account holders in the market [2] Group 3 - The Hong Kong stock market has also seen increased volatility, with defensive assets represented by dividend assets attracting capital attention [3] - The Hong Kong Dividend ETF (513530), which invests in the CSI Hong Kong Stock Connect High Dividend Investment Index through the QDII model, has recorded net inflows for 11 consecutive trading days since July 17, with its fund size approaching 3 billion yuan as of July 31 [3] - Huatai-PineBridge Fund, one of the first ETF managers in China, has over 18 years of experience in dividend index investment, managing a total of 42.8 billion yuan across its dividend-themed ETFs as of July 31 [3]