红利低波ETF华泰柏瑞（512890）流通规模突破301亿元 机构建议“持股过节” 高股息板块配置逻辑更清晰

Market Overview - On February 11, the A-share market exhibited a volatile trend, with the ChiNext Index dropping over 1% and the Shanghai Composite Index slightly rising by 0.09% [1][6] - In this market environment, the Huatai-PB Low Volatility ETF (code: 512890) increased by 0.17%, closing at 1.188 yuan, with a turnover rate of 1.56% and a transaction amount of 470 million yuan, ranking first among similar ETFs in terms of transaction volume [1][6] ETF Performance - As of February 11, the Huatai-PB Low Volatility ETF has accumulated a total transaction volume of 23.061 billion yuan over 28 trading days this year, with an average daily transaction of 824 million yuan [2][7] - Fund flow data indicates that as of February 10, the ETF saw a net inflow of 880 million yuan over the last 10 trading days, 3.472 billion yuan over the last 20 days, and 4.470 billion yuan over the last 60 days, with a circulating scale of 30.128 billion yuan [2][7] Investment Recommendations - Recent recommendations from various institutions suggest a "hold stocks over the holiday" strategy, indicating that the A-share market's performance before the Spring Festival may influence post-holiday trends [4][9] - Huajin Securities noted that the current spring market is not yet over, with expectations for improved economic and corporate profit forecasts during the Spring Festival, and a neutral risk appetite anticipated [4][9] - Zhongtai Securities emphasized that the configuration logic for high-dividend sectors is becoming clearer, with expectations for policy measures related to growth stabilization and consumption promotion to gradually materialize after the Spring Festival [4][9] ETF Characteristics - The Huatai-PB Low Volatility ETF was established on December 19, 2018, with a benchmark of the CSI Low Volatility Index [4][9] - As of February 10, 2026, the ETF has achieved a return of 79.95% over the past five years, outperforming its benchmark and ranking 51st among 909 funds [4][9] - Investors can participate through a systematic investment plan to smooth out volatility risks, and those without stock accounts can access it through its off-market linked funds [4][9]