地产政策利好，价值风格回归，A500红利低波ETF（561680）备受关注

Core Viewpoint - The 中证A500红利低波动指数 and its corresponding ETF have shown positive performance, with significant liquidity and low valuation metrics, indicating potential investment opportunities in the underlying stocks. Group 1: Performance Metrics - As of September 19, 2025, the 中证A500红利低波动指数 increased by 0.37%, with notable gains from stocks such as 圆通速递 (5.35%) and 特变电工 (4.38%) [1] - The 中证A500红利低波ETF rose by 0.20%, with a latest price of 0.98 yuan [1] - The ETF's average daily trading volume over the past year was 51.24 million yuan, ranking it first among comparable funds [1] Group 2: Liquidity and Fund Flows - The 中证A500红利低波ETF had a turnover rate of 2.23% during the trading session, with a total transaction value of 11.64 million yuan [1] - Recent fund inflows showed a net inflow of 985,900 yuan, with a total of 46.33 million yuan net inflow over the last five trading days [1] Group 3: Risk and Valuation - The maximum drawdown since the inception of the 中证A500红利低波ETF is 2.79%, with a relative benchmark drawdown of 0.23% [1] - The ETF's management fee is 0.50%, and the custody fee is 0.10% [1] - The ETF's tracking error for the year is 0.178%, the highest among comparable funds [2] - The latest price-to-earnings ratio (PE-TTM) for the index is 9.82, indicating a valuation lower than 82.35% of the time over the past year [2] Group 4: Index Composition - The 中证A500红利低波动指数 consists of 50 stocks selected for their high dividend yield and low volatility, with the top ten stocks accounting for 31.13% of the index [2] - The top ten weighted stocks include 农业银行, 雅戈尔, 交通银行, and others, with varying performance on the trading day [3]