沪指录得K线15连阳 红利低波ETF（512890）近20个交易日逆势2吸金18.08亿元

Core Viewpoint - The market is experiencing fluctuations, with the ChiNext Index dropping over 1% and the Shanghai Composite Index down 0.07%, while the Hongli Low Volatility ETF (512890) has seen a decline of 0.77% [1][11]. Fund Performance - The Hongli Low Volatility ETF (512890) is currently priced at 1.161 CNY, with a trading volume of 7.57 billion CNY and a turnover rate of 2.86% [1][11]. - Over the past five trading days, the fund has seen a net inflow of 297 million CNY, with a total net inflow of 1.808 billion CNY over the last 20 days and 5.172 billion CNY over the last 60 days [4][10]. - The fund's total return as of January 7, 2026, is 133.70%, outperforming its benchmark, ranking 98th among 502 funds [6][13]. Market Context - Morgan Stanley predicts that the CSI 300 Index will reach a target of 5200 points in 2026, indicating a potential increase of approximately 13.5% [6][13]. - The current market phase is transitioning from liquidity-driven growth to profit improvement-driven growth, suggesting a favorable environment for cyclical stocks [6][13]. - New regulations are expected to benefit sectors such as banking, public utilities, and coal, which are part of the dividend sector [6][13]. Top Holdings - The top ten holdings of the Hongli Low Volatility ETF include companies like COFCO Sugar, Nanjing Bank, and Agricultural Bank of China, with varying performance among these stocks [3][8].