红利低波ETF泰康(560150)冲击6连涨，A股上市公司中期分红升温，红利资产已成长期配置焦点

Core Viewpoint - The increasing interest in dividend-paying assets, particularly in a low-interest-rate environment, is driving investment in the Tianhong Dividend Low Volatility ETF (560150) and related securities [2]. Group 1: ETF Performance - As of August 8, 2025, the Tianhong Dividend Low Volatility ETF (560150) rose by 0.08%, marking its sixth consecutive increase, with a trading volume of 8.2666 million yuan [1]. - The underlying index, the CSI Dividend Low Volatility Index (H30269), increased by 0.26%, with notable gains from constituent stocks such as Wanhua Electric (002543) up 6.28% and Focus Media (002027) up 2.06% [1]. - The Tianhong Dividend Low Volatility ETF reached a new high in scale at 915 million yuan, with a significant increase of 28 million shares over the past two weeks [1]. Group 2: Fund Inflows and Dividend Trends - In the last five trading days, the Tianhong Dividend Low Volatility ETF experienced net inflows on three occasions, totaling 22.2677 million yuan [1]. - As of August 6, 2025, 114 A-share listed companies have disclosed their mid-year reports, with 34 companies announcing mid-year dividend plans totaling approximately 16 billion yuan, indicating a growing trend in shareholder returns [1]. Group 3: Market Context - In the current low-interest-rate environment, dividend assets are gaining attention for their relatively high and stable returns, supported by policies encouraging long-term capital market participation [2]. - The banking sector, as a holder of high-quality debt, is highlighted for its attractive Sharpe ratio and stable annual return expectations, particularly under a backdrop of moderately loose monetary policy [2]. - The Tianhong Dividend Low Volatility ETF closely tracks the CSI Dividend Low Volatility Index, which selects 50 securities based on liquidity, consistent dividend payments, and low volatility, reflecting high dividend levels [2].