Xin Lang Cai Jing·2025-08-19 07:10Core Viewpoint - The performance of the GF CSI National New Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (520900) has shown a decline in both share count and total assets in 2024, indicating potential liquidity concerns and investor sentiment shifts [1][2]. Fund Overview - The GF CSI National New Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (520900) was established on June 26, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1]. - As of August 18, 2024, the fund had a total of 1.85 billion yuan in assets and 1.783 billion shares outstanding, reflecting a decrease of 28.83% in shares and 20.24% in total assets since December 31, 2024 [1]. Liquidity Analysis - Over the past 20 trading days, the ETF has recorded a cumulative trading volume of 1.933 billion yuan, averaging 96.63 million yuan per day [1]. - Year-to-date, the ETF has seen a total trading volume of 15.865 billion yuan, with an average daily trading volume of 104 million yuan across 153 trading days [1]. Fund Management - The current fund managers are Huo Huaming and Lü Xin, with Huo managing the fund since June 26, 2024, achieving a return of 5.23%, while Lü has managed it since April 30, 2025, with a return of 18.36% [2]. Top Holdings - The ETF's major holdings include China Mobile (10.90%), China Petroleum (10.62%), COSCO Shipping Holdings (9.72%), CNOOC (9.09%), China Shenhua Energy (8.14%), Sinopec (7.71%), China Telecom (4.89%), China Unicom (3.71%), China Merchants Bank (2.64%), and China Coal Energy (2.59%) [2][3].