高度青睐，ETF成为机构投资者入市重要工具

Group 1 - The Guolian An CSI A500 Dividend Low Volatility ETF was announced for trading on September 15, with institutional investors holding 98.93% of the total shares, amounting to 1.233 billion shares as of September 11 [1] - Among institutional investors, insurance funds emerged as the largest buyers, with China Pacific Life Insurance holding 1.15 billion shares, representing 92.27% of the fund's total shares [3] - The CSI A500 Dividend Low Volatility Index is designed to reflect the performance of 50 securities with high dividends and low volatility, selected from the CSI A500 Index, and is weighted by dividend yield [4] Group 2 - The ETF market has seen significant participation from institutional investors, with over 120 billion shares held by more than 100 corporate pension plans as of June 30, marking an increase of over 24 billion shares since the end of last year [4] - Pension products collectively held over 23 billion shares of ETFs by the end of June, with specific funds increasing their positions in sectors like electric utilities and semiconductors [5] - Insurance asset management products and institutions held over 240 billion shares of ETFs, with significant increases in holdings of the CSI A500 ETF and other technology-related ETFs [5]