红利低波ETF（512890）单日“吸金”5.2亿元创近三月新高

Core Viewpoint - The growth sector is experiencing a significant adjustment, while high-dividend sectors are showing resilience, attracting funds towards defensive assets like the Low Volatility Dividend ETF (512890) amid increased market volatility [1][7]. Group 1: Market Performance - The Low Volatility Dividend ETF (512890) has seen a notable increase in trading activity since January 16, 2026, with two out of the last three trading days recording transaction volumes exceeding 1 billion yuan, compared to an average daily trading volume of 870 million yuan since the beginning of the year [2][8]. - From January 14 to January 20, 2026, the Low Volatility Dividend ETF (512890) attracted a total of 1.558 billion yuan in net inflows over five consecutive trading days, with a single-day net inflow of 523 million yuan on January 20, marking a three-month high [2][8]. Group 2: Fund Growth and Historical Records - As of January 20, 2026, the fund shares and total assets of the Low Volatility Dividend ETF (512890) reached 23.766 billion shares and 27.569 billion yuan, respectively, both setting historical records and making it the only dividend-themed ETF in the market with a scale exceeding 25 billion yuan [2][8]. - The total scale of the "Dividend Family" managed by Huatai-PB Fund, which includes the Low Volatility Dividend ETF (512890) and other dividend ETFs, has reached 53.242 billion yuan [3][9]. Group 3: Economic Context and Investment Logic - Current economic conditions indicate weak internal momentum, with monetary easing expected to remain a primary direction. The low-interest-rate environment is likely to persist, enhancing the allocation value of dividend assets, which are characterized by low valuations and high dividends [3][9]. - The current yield on 10-year government bonds is 1.83%, with a spread of 2.96% over the dividend yield of the Low Volatility Dividend Index, which is higher than 70.35% of the time over the past decade [3][9].