股息率吸引力提升！红利低波ETF（512890）连续5个交易日获资金净流入！

Core Viewpoint - The market is experiencing a downturn due to hawkish signals from the Federal Reserve and escalating international trade tensions, leading to increased interest in low-volatility dividend assets as a strategic investment choice [1][6]. Group 1: Market Trends - The red-chip low-volatility ETF (512890) has seen significant net inflows of 4.8 billion yuan since the fourth quarter of 2025, making it the only product in its category to exceed 4 billion yuan in net inflows during this period [2][6]. - The red-chip low-volatility ETF has recorded a total of 7.05 million yuan in inflows over the last five trading days, bringing its total shares to 21.754 billion, a new high since its inception [2][6]. Group 2: Dividend Yield and Performance - The dividend yield of the red-chip low-volatility index has risen to over 5.05%, significantly outperforming the 10-year government bond yield of 1.85%, with a historical spread of 76.71%, indicating strong appeal for long-term investors seeking yield enhancement [7][8]. - The total cash dividends from the red-chip low-volatility index constituents have reached 678.016 billion yuan since the beginning of the year, contributing to 33.67% of the total cash dividends in the A-share market despite representing less than 1% of the total constituent stocks [7][8]. Group 3: Fund Management and Strategy - Huatai-PB Fund, the manager of the red-chip low-volatility ETF, has over 19 years of experience in managing ETF investments and has developed a diverse "dividend family" strategy, which includes multiple ETFs focused on dividend-paying stocks [8][9]. - The Huatai-PB Zhongzheng Red Chip Low Volatility ETF Link Y (022951) has gained popularity among individual pension investors, with its fund size reaching 245 million yuan and a year-to-date growth rate of 440.36% [8][9].