顺周期品种崛起强化高股息资产配置逻辑，红利资产防御属性凸显

Group 1 - The market is currently experiencing a "growth adjustment, value recovery" trend, with low-valued cyclical sectors like banking and coal rising, leading to renewed interest in high-dividend assets that were previously underperforming [1][9] - The Huatai-PineBridge "Dividend Family" series of ETFs has gained significant attention, with the Huatai-PineBridge Low Volatility Dividend ETF (512890) and the Huatai-PineBridge Dividend ETF (510880) attracting a total of 22.28 billion yuan in the last two weeks [4][12] Group 2 - As of January 29, 2026, the Huatai-PineBridge Low Volatility Dividend ETF (512890) reached a record high of 28.713 billion yuan, making it the only dividend-themed ETF in the market with a scale exceeding 25 billion yuan [3][11] - The Huatai-PineBridge Dividend ETF (510880) also saw its scale increase to 19.865 billion yuan, positioning it among the few dividend ETFs with over 10 billion yuan in assets [3][11] Group 3 - The "Dividend Family" series of ETFs has a total scale of 53.693 billion yuan, accounting for over 25% of the total market scale of dividend-themed ETFs, which stands at 208.7 billion yuan [4][12] - The series has generated a cumulative profit of 9.879 billion yuan for its investors as of the latest reporting period [4][12] Group 4 - Huatai-PineBridge has over 19 years of experience in managing dividend-themed index investments and has developed a diverse strategy across the Shanghai, Hong Kong, and Shenzhen markets [13] - The series includes unique products such as the first dividend index fund in A-shares and ETFs focusing on high-dividend assets in the Hong Kong market [5][13]