Group 1 - The Low Volatility Dividend Index (H30269.CSI) includes 50 securities with good liquidity, continuous dividends, moderate payout ratios, positive growth in dividends per share, high dividend yields, and low volatility, with a one-year dividend yield of 4.14% as of December 9 [1] - The Low Volatility Dividend ETF (159547) tracks this index and has the lowest comprehensive fee rate among ETFs, with quarterly assessments for dividends [1] - The Dividend Quality Index (931468.CSI) consists of 50 listed companies that provide continuous cash dividends, have high payout ratios, and exhibit strong profitability, with a one-year dividend yield of 3.49% as of December 9 [1] Group 2 - Zhongli Co., Ltd. announced a cash dividend of 0.25 CNY per share (tax included), with the record date on December 17, 2025, and the ex-dividend date on December 18, 2025 [2] - China Automotive Research announced a cash dividend of 0.10 CNY per share (tax included), with the record date on December 16, 2025, and the ex-dividend date on December 17, 2025 [2] - Longbai Group declared a cash dividend of 1.00 CNY for every 10 shares (tax included), with the record date on December 16, 2025, and the ex-dividend date on December 17, 2025 [2]

买股票想赚钱，其实主要靠两部分。一部分是股价涨了，你卖出时能赚差价，这叫"资本利得"；另一部 分是公司赚钱后给股东分现金，这就是"股息收入"。 但要是市场行情不稳定、变数多的时候，想靠股 价上涨赚差价就越来越难了——谁也说不准股价明天是涨是跌。这种情况下，股息收入的优势就显出来 了：它的确定性更强，只要公司按时分红，你就能拿到一笔相对稳定的现金。 而"红利投资"，简单说就是把赚钱的重心放在"拿股息"上，关注那些会稳定分红的股票。既然核心是赚 股息，那怎么判断股息给得多不多呢？"股息率"就是个很直观的指标。也正因为这样，股息率现在越来 越受投资者关注了。在"养老投资「红」宝书"专栏的第三期，我们就来拆解一下红利投资中不得不提的 股息率。 什么是股息率 其实不同公司的分红情况差别很大——比如有的公司市值大、赚钱多，有的市值小、盈利少，它们的分 红表现根本不是一个量级的。 上市公司可以通过现金、股票等形式将股利发放给股东，其中现金形式的股利通常称作"现金分红"，红 利投资中的"红利"，一般也是指现金分红。 要是想清楚比较不同公司的现金分红水平，光看表面的分红金额可不够。这时候用"股息率"这个指标就 很合适，它能直接 ...

Group 1 - The core viewpoint of the articles highlights the increasing interest in dividend-themed ETFs, particularly the low-volatility dividend ETF (512890), as a defensive investment strategy amid market uncertainty and profit-taking tendencies as the year-end approaches [1] - Since November, the technology sector has faced pressure, while dividend assets have attracted funds due to their lower volatility and higher profit certainty, making them a preferred choice for risk-averse investors [1] - The low-volatility dividend ETF (512890) has seen significant net inflows, attracting 1.055 billion yuan in November alone, and has become the only dividend-themed ETF in the A-share market with over 10 billion yuan in net inflows during this period [1] Group 2 - The latest scale of the low-volatility dividend ETF (512890) has risen to 25.987 billion yuan, making it the only dividend-themed ETF in the market with a scale exceeding 20 billion yuan [1] - The fund's popularity extends to its off-market connection fund, the Huatai-PB Low Volatility Dividend ETF Connection Y (022951), which reached a scale of 245 million yuan, marking a 440.36% increase compared to the end of 2024 [1] - The dividend yield of the low-volatility index remains attractive compared to the 10-year government bond yield, with the latest spread at 53.92%, indicating a favorable environment for long-term funds seeking enhanced returns [1] Group 3 - Huatai-PB Fund, as one of the first ETF managers in China, has over 19 years of experience in managing dividend-themed index investments, with a total management scale of 47.328 billion yuan across five dividend ETFs [2] - The "dividend family" includes various products such as the first low-volatility dividend ETF (512890) and the first dividend ETF (510880), showcasing a diverse strategy in the dividend investment space [2]

Core Viewpoint - The article discusses the performance of various low-volatility dividend indices and ETFs in the Hong Kong and Chinese markets, highlighting their returns compared to the Shanghai Composite Index. Group 1: Index Performance - The S&P Hong Kong Stock Connect Low Volatility Dividend Index has shown a return of 33.20% over the past year, outperforming the Shanghai Composite Index, which declined by 2.03% during the same period [3]. - The A500 Low Dividend Low Volatility ETF (159296) reported a return of 8.15% over the past year, while the Shanghai Composite Index had a return of -1.94% [3]. - The CSI 800 Low Dividend Low Volatility Index, tracked by the ETF (159355), achieved a return of 5.95% over the past year, again outperforming the Shanghai Composite Index [3]. Group 2: Volatility Metrics - The annualized volatility for the S&P Hong Kong Stock Connect Low Volatility Dividend Index is reported at 2.23%, indicating lower risk compared to the Shanghai Composite Index's annualized volatility of 12.03% [3]. - The A500 Low Dividend Low Volatility ETF has an annualized volatility of 9.89%, which is lower than the Shanghai Composite Index's volatility [3]. - The CSI 800 Low Dividend Low Volatility Index has an annualized volatility of 9.80%, also reflecting a lower risk profile compared to the Shanghai Composite Index [3].

Core Insights - The Ping An SSE Dividend Low Volatility Index C (020457) has shown strong performance, with a year-to-date maximum drawdown of 5.36% and a relative benchmark drawdown of 0.53% [4] - The index has achieved an annualized return of 10.60% over the past three months, outperforming its benchmark [4] - The fund has a management fee rate of 0.50% and a custody fee rate of 0.10%, totaling a fee rate of 0.60% [4] Fund Performance - As of July 25, 2025, the Ping An SSE Dividend Low Volatility Index C has a Sharpe ratio of 1.11 over the past year [4] - The fund has a historical one-year profit probability of 100.00% and an average monthly return of 3.94% [3][4] - The fund's longest consecutive monthly gain was two months, with a maximum monthly return of 11.12% [3] Fund Composition - The Ping An SSE Dividend Low Volatility Index C closely tracks the SSE Dividend Low Volatility Index, which selects 50 securities with good liquidity, continuous dividends, moderate dividend payout ratios, positive growth in earnings per share, and high dividend yields with low volatility [5] - As of June 30, 2025, the top ten holdings of the fund include COSCO Shipping Holdings, Chengdu Bank, Industrial Bank, Sichuan Road & Bridge, and Daqin Railway, accounting for a total weight of 17.41% [5][7] Capital Flow - As of July 25, 2025, the Ping An SSE Dividend Low Volatility Index has attracted a total of 9.61 billion yuan in capital over the past five trading days, with an average daily net inflow of 1.92 billion yuan [3] - The financing net purchase for the index reached 40.51 billion yuan over the past week, with a latest financing balance of 804.61 billion yuan [3] Market Position - The trading congestion level of the Ping An SSE Dividend Low Volatility Index C, as of July 25, 2025, is at the 19.28th percentile since its inception, indicating lower trading activity compared to 80.72% of its historical performance [3]

Group 1 - A total of 42 A-share listed banks announced a cumulative dividend payout of 647 billion yuan for the year 2024, with 23 of these being low-volatility dividend index constituents, accounting for 90.85% of the total dividend amount [1] - The first low-volatility dividend ETF (512890) has seen significant trading activity since July 11, with an average daily trading volume of 724 million yuan as of July 18 [1] - The low-volatility dividend ETF (512890) attracted a net inflow of 2.43 billion yuan over 10 consecutive trading days from July 7 to July 18, highlighting strong market interest [1] Group 2 - Since its establishment in late 2018, the low-volatility dividend ETF (512890) has achieved positive returns every year from 2019 to 2024, ranking first in its category over the past five years as of June 30 [2] - The linked funds of the low-volatility dividend ETF have over 829,800 holders, making it the only dividend-themed index fund with over 800,000 holders in the market [2] - The linked fund has distributed dividends for 22 consecutive months as of July 18, and its Y share (022951) is among the first index funds eligible for personal pension investments [2] Group 3 - Huatai-PineBridge Fund, one of the first ETF managers in China, has over 18 years of experience in dividend index investment and manages a total of 43.62 billion yuan in dividend-themed ETFs as of July 18 [3] - The company has developed a diverse range of dividend-themed ETFs, including the first dividend ETF (510880) and the first QDII mode high-dividend ETF (513530) [3]

Group 1 - The first dividend low-volatility ETF (512890) in the market has seen significant trading activity, with daily transaction volumes exceeding 700 million yuan, accumulating a total of 1.171 billion yuan from July 15 to July 17 [1] - The fund's scale has reached a historical high of 21.872 billion yuan as of July 17, following a continuous increase over 13 trading days [1] - Insurance capital has conducted over 9,800 investigations into A-share listed companies this year, focusing on high-dividend sectors such as banking and electricity, indicating a strong interest in long-term equity investments [1] Group 2 - The dividend low-volatility ETF (512890) has achieved positive returns every year since its inception, making it one of the few ETFs in the A-share market with such a track record [2] - As of June 30, the fund's linked funds have a total of 829,800 holders, making it the only dividend-themed index fund with over 800,000 holders in the same period [2] - The fund has consistently distributed dividends for 22 consecutive months, highlighting its attractiveness to investors [2] Group 3 - The management company, Huatai-PB Fund, has over 18 years of experience in managing dividend index investments and has developed a range of dividend-themed ETFs [3] - As of July 17, the total management scale of Huatai-PB's dividend-themed ETFs has reached 43.13 billion yuan [3]

Core Viewpoint - The banking sector continues its upward trend, with major banks' stock prices reaching historical highs, and the low volatility dividend index also showing strong performance, indicating a favorable investment environment for dividend-focused assets [1][2]. Group 1: Market Performance - As of July 10, the banking sector's major banks have surpassed previous highs, setting new historical records [1]. - The low volatility dividend index has broken the 11,940 point mark, achieving a new high since its inception on May 12, 2030, with an annualized growth rate of 8.46% over the next four years [1]. - The low volatility dividend ETF (512890) has attracted over 520 million net inflows over four consecutive trading days, reaching a fund size of over 20 billion, making it the only low volatility dividend ETF in the A-share market to exceed this threshold [1]. Group 2: Fund Performance - The low volatility dividend ETF (512890) has consistently delivered positive returns every year since its inception in late 2018, ranking first among its peers in terms of five-year returns as of June 30 [1]. - The ETF has reached a record high in both fund shares and size, with 16.721 billion shares and 20.535 billion yuan in assets as of July 10 [1]. Group 3: Investor Interest - The low volatility dividend ETF (512890) is expected to remain a key option for investors seeking high dividend assets, with its linked funds also gaining popularity among retail investors [2]. - The linked funds have a holder count of 829,800, making it the only dividend theme index fund with over 800,000 holders in the market [2]. - The linked fund has achieved over 20 cumulative dividend distributions and has maintained monthly dividends for 22 consecutive months as of July 10 [2]. Group 4: Management Expertise - Huatai-PB Fund, one of the first ETF managers in China, has over 18 years of experience in managing dividend index investments, with a total management scale of 42.42 billion yuan across its dividend-themed ETFs as of July 10 [3].

Group 1 - Goldman Sachs reports that the cash returns to shareholders from Chinese listed companies are expected to reach a historical high in 2024, driven by the new "National Nine Articles" policy, strong cash flow, and ample cash reserves [1] - The total cash dividends from onshore and offshore listed companies in China may reach 3 trillion RMB in 2025, setting a new record [1] - The low-volatility dividend index constituents are projected to distribute a total cash dividend of 520.5 billion RMB in 2025, accounting for nearly 40% of all A-share cash dividends [1] Group 2 - The Low-Volatility Dividend ETF (512890) has attracted over 2 billion RMB in net inflows over 26 trading days, making it the only dividend-themed ETF to achieve such inflows during this period [1] - As of July 8, 2025, the fund size of the Low-Volatility Dividend ETF reached 19.974 billion RMB, approaching the 20 billion RMB mark [1] - The Low-Volatility Dividend ETF has consistently delivered positive returns every full year since its inception, ranking first among similar funds over the past five years [1][2] Group 3 - The Low-Volatility Dividend ETF (512890) is one of the few hundred billion-level dividend-themed ETFs in the A-share market, with a total of 829,800 account holders, making it highly favored among retail dividend investors [2] - The fund has achieved over 20 cumulative dividend distributions and has maintained monthly dividends for 22 consecutive months as of July 8, 2025 [2] - Huatai-PB has developed a range of dividend-themed ETFs, managing a total of 41.83 billion RMB across its dividend-themed ETFs as of July 8, 2025 [2]

Group 1 - The core viewpoint of the news highlights the strong performance and growing popularity of the Dividend Low Volatility ETF (512890), which has seen significant inflows and record fund size due to its favorable long-term performance and quality underlying assets [1][2] - As of July 1, the Dividend Low Volatility ETF (512890) achieved a single-day inflow of 280 million, increasing its fund size by 471 million, setting a new record for daily growth in 2023 [1] - The ETF has surpassed 19 billion in total assets, reaching 19.213 billion, marking a new record for the fund size [1] Group 2 - Despite recent pressures on high dividend sectors, a medium to long-term perspective indicates that these sectors still hold significant allocation value, with the high dividend strategy remaining attractive compared to 10-year government bond yields [2] - The Dividend Low Volatility ETF (512890) is noted as the first billion-level ETF in the low volatility dividend theme, with its associated funds having a total of 829,800 account holders, making it the only dividend index fund with over 800,000 holders [2] - The fund has consistently paid dividends for 21 consecutive months, with its Y share (022951) being among the first index funds eligible for personal pension investments, and it has become the first "index Y" fund to exceed 100 million in size as of March 31, 2025 [2] Group 3 - In addition to the Dividend Low Volatility ETF (512890), the company has developed a range of dividend-themed ETFs, including the first dividend ETF (510880) and a QDII mode ETF for high dividend Hong Kong stocks (513530), collectively managing 41.53 billion in assets as of July 1, 2025 [3]