险资新年首次举牌！近两年举牌频次创近十年新高！

Group 1 - The core viewpoint of the article highlights the increasing trend of insurance capital stake acquisitions, with a notable example being Taiping Asset's acquisition of a 5% stake in Shanghai Airport, marking the first instance of such activity in 2026 [1] - In 2025, the number of stake acquisitions by insurance capital reached 41, a significant increase from 20 in 2024, setting a near ten-year high, second only to the historical peak in 2015 [1] - The current wave of stake acquisitions differs from previous ones, primarily driven by two considerations: the emphasis on high dividend stocks in a low-interest-rate environment and the strategy of long-term equity investments in high-quality targets with stable ROE to optimize asset structure [1] Group 2 - The trend of frequent stake acquisitions by insurance capital is expected to continue in 2026, driven by the same two investment logic considerations [1] - Other funds are focusing more on low-volatility dividend strategies, as exemplified by the low-volatility dividend index (H30269.CSI), which selects securities with stable dividends, high dividend yields, and low volatility [1] - As of January 13, the one-year dividend yield of the low-volatility dividend index was 4.45%, with the Huaxia low-volatility dividend ETF (159547) being the lowest fee ETF tracking this index [1]