红利低波100ETF(159307)近5日“吸金”近2000万元，港股红利ETF博时(513690)获杠杆资金持续布局中，机构：快牛还是慢牛?

Core Viewpoint - The market is currently experiencing a "slow bull" phase, with a focus on dividend and technology stocks as potential investment opportunities, while the environment lacks the fundamental support seen in previous bull markets [6][7]. Group 1: Index Performance - The CSI Dividend Low Volatility 100 Index (930955) increased by 0.09% as of August 26, 2025, with notable gains from COFCO Sugar (600737) at 5.78% and Lin Yang Energy (601222) at 4.00% [3]. - The Hong Kong Stock Connect High Dividend Yield Index (HSSCHKY) decreased by 0.15%, with Uni-President China (00220) leading gains at 3.42% [5]. Group 2: ETF Performance - The Dividend Low Volatility 100 ETF (159307) reported a recent price of 1.11 yuan, with a weekly increase of 2.21% as of August 25, 2025 [3]. - The Hong Kong Dividend ETF (513690) had a recent price of 1.1 yuan, with a weekly increase of 0.55% as of August 25, 2025 [5]. Group 3: Liquidity and Trading Volume - The Dividend Low Volatility 100 ETF had a turnover rate of 0.6% with a trading volume of 7.6498 million yuan, averaging 20.0433 million yuan over the past month [3]. - The Hong Kong Dividend ETF had a turnover rate of 1.9% with a trading volume of 91.0635 million yuan, averaging 229 million yuan over the past month [5]. Group 4: Fund Flows and Performance Metrics - The Dividend Low Volatility 100 ETF saw a net inflow of 2.2092 million yuan, with a total of 19.6492 million yuan net inflow over the past five trading days [9]. - The Hong Kong Dividend ETF reported a net inflow of 7.5391 million yuan, with a total net inflow of 15.4735 million yuan [15]. Group 5: Risk and Return Analysis - The Dividend Low Volatility 100 ETF has a one-year Sharpe ratio of 1.25, indicating high returns relative to risk [11]. - The Hong Kong Dividend ETF has a one-year Sharpe ratio of 1.98, also indicating strong performance relative to risk [16]. Group 6: Fee Structure - The management fee for the Dividend Low Volatility 100 ETF is 0.15%, and the custody fee is 0.05%, which are among the lowest in comparable funds [12]. - The management fee for the Hong Kong Dividend ETF is 0.50%, with a custody fee of 0.10% [18]. Group 7: Tracking Accuracy - The Dividend Low Volatility 100 ETF has a tracking error of 0.054% over the past two months, indicating high tracking precision [13]. - The Hong Kong Dividend ETF has a tracking error of 0.028% over the past month, also indicating strong tracking accuracy [19].