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红利低波ETF(512890)成交额4.84亿同类夺冠 规模超205亿!中长期资金净流入26亿显配置价值
Xin Lang Ji Jin·2025-09-02 09:23

Core Viewpoint - The Hongli Low Volatility ETF (512890) has shown a positive performance with a closing price of 1.200 CNY, reflecting a 0.76% increase, and it leads its category in terms of trading volume and net inflow over the long term [1][8]. Fund Performance - As of September 1, 2025, the ETF's circulating scale reached 20.597 billion CNY, indicating strong investor interest [1]. - The ETF experienced net outflows of 40.83 million CNY, 319 million CNY, and 1.23 billion CNY over the last 5, 10, and 20 days, respectively, but still achieved a net inflow of 2.612 billion CNY over the last 60 trading days [1][8]. Holdings Composition - The top ten holdings of the ETF are primarily concentrated in the banking sector, including Chengdu Bank, Industrial Bank, and CITIC Bank, reflecting a strategy focused on high dividends and low volatility [3][4]. - The banking sector's assets dominate the portfolio, with significant contributions from infrastructure-related stocks like Sichuan Road and Bridge and Daqin Railway [3]. Banking Sector Performance - In the first half of 2025, listed banks saw a positive shift in non-interest income contributing to net profits, with notable performances from institutions like China Merchants Bank and CITIC Bank in wealth management and investment returns [5]. - The improvement in bank performance is attributed to loan growth driving interest income and effective cost management on the liability side, supported by regulatory measures from the central bank [5][6]. Investment Strategy - High dividend strategies are gaining traction, with bank stocks becoming a preferred choice for long-term funds such as insurance and pension funds, particularly regional banks showing strong profit growth [6][8]. - The Hongli Low Volatility ETF has achieved a cumulative return of 138.00% since its inception in December 2018, outperforming its benchmark and ranking 63rd among 502 similar products [8].