宽财政推动融资需求增长！红利低波ETF（512890）近5个交易日“吸金”4.8亿

Core Viewpoint - The Hongli Low Volatility ETF (512890) has shown positive performance with a 0.76% increase in price, attracting significant net inflows over recent trading days, indicating strong investor interest and confidence in the fund's strategy [1][2]. Fund Performance - As of August 5, the ETF's price was 1.196 CNY, with a trading volume of 2.54 billion CNY and a turnover rate of 1.16% [1][2]. - The fund has experienced a net inflow of 4.8 billion CNY over the last 5 trading days and 24.53 billion CNY over the last 20 trading days [1][2]. - The total circulation scale of the ETF reached 217.31 billion CNY as of August 4, 2025 [1]. Holdings and Strategy - The Hongli Low Volatility ETF tracks the CSI Low Volatility Index and includes major holdings such as Chengdu Bank, Industrial Bank, and Sichuan Road and Bridge, among others [1][3]. - The top ten holdings account for a significant portion of the fund's net asset value, with a combined market value of approximately 5.15 billion CNY [3]. Market Outlook - The central bank's recent meeting indicates a supportive environment for credit growth, which is expected to stabilize bank performance and asset quality, particularly in the real estate and urban investment sectors [3]. - Analysts suggest focusing on high dividend and regional growth opportunities in bank stocks, particularly large state-owned banks and quality regional banks with dividend growth potential [3]. Investment Options - For investors seeking stable returns and low volatility, the Hongli Low Volatility ETF can be accessed through various fund classes, even without a stock account [4].