红利低波ETF（512890）近60个交易日吸金59亿元 机构：拥抱高股息，配置红利资产正当时

Core Viewpoint - The market experienced a pullback on December 23, with the major indices turning negative, while the Dividend Low Volatility ETF (512890) closed flat with a 0.00% change, indicating stability amidst market fluctuations [1][9]. Trading Performance - The Dividend Low Volatility ETF (512890) had a closing price of 1.173, with a trading volume of 5.10 billion CNY and a turnover rate of 1.92% on December 23 [2][10]. - Over the past 20 trading days, the ETF accumulated a total trading volume of 12.602 billion CNY, averaging 630 million CNY per day. Year-to-date, the total trading volume reached 114.068 billion CNY, averaging 481 million CNY per day [3][10]. Fund Flows - The ETF has seen significant net inflows, with 1.15 billion CNY over the last 5 trading days, 1.59 billion CNY over the last 10 days, and 5.9 billion CNY over the last 60 days, indicating strong investor interest [3][10]. Market Outlook - Multiple institutions have expressed views on the market outlook. Zhongtai Securities highlighted the increasing value of high-dividend, strong cash flow assets in a low-interest-rate environment, driven by long-term capital inflows [5][12]. - CICC noted that dividend assets may exhibit defensive value as the market approaches the end of December, with the CSI 300 index's dynamic P/E ratio nearing historical averages, suggesting potential for further expansion [5][13]. - Caixin Securities emphasized the sustainability of high-dividend strategies, predicting continued institutional allocation towards dividend assets, particularly in sectors like home appliances, banking, gas, publishing, cement, and telecommunications, which generally have stable earnings and high dividend yields [5][13]. Historical Performance - The Dividend Low Volatility ETF (512890) has shown a solid historical performance since its inception in December 2018, with a total return of 134.48%, outperforming its benchmark and ranking 78th among 502 products [8][15].