1月6日，港股红利低波ETF（520550）涨0.85%，成交额6434.94万元。当日份额减少50.00万份，最新份 额为11.22亿份，近20个交易日份额增加1.06亿份。最新资产净值计算值为13.49亿元。 来源：新浪基金∞工作室 港股红利低波ETF（520550）业绩比较基准为恒生港股通高股息低波动指数收益率(经汇率调整后)，管 理人为招商基金管理有限公司，基金经理为许荣漫，成立（2025-01-15）以来回报为23.32%，近一个月 回报为-3.38%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 ...

年末以来，ETF申赎资金流向显示，人工智能、医疗、创新药等热门品种出现不同程度净 流出，红利低波、自由现金流等稳健品种则获得资金青睐。 在这一情况下，"A股风格会否切换"成为市场热议话题，"AI泡沫"论被再次提及。这是业内基 于近几年A股年度风格切换规律做出的考虑，更是对AI、医药等热门板块估值水平等指标做出 的衡量。 从券商中国记者采访情况来看，公募不否认科技成长有望成为2026年市场行情主线，但岁末 的资金"高低切换"，也使得新年投资布局回归产业需求是否稳定增长，以及现金流能否持续 这一核心逻辑上来。他们认为，2026年资金有望从科技向现金流稳健的制造业方向扩散，红 利在低利率环境下，依旧是组合的稳定器。 红利低波、自由现金流品种获资金净流入 岁末市场对风格切换的热议，始于近期的资金流向变化。以ETF申赎资金为例，根据Wind统 计，截至12月22日上周以来资金流入显著的沪深300、中证A500等宽基品种，净流入分别在 12亿元和300亿元以上。此外，红利低波、中证红利、自由现金流等稳健类ETF均实现净流 入，红利低波品种净流入在15亿元以上。 另一方面，中证医疗、CS创新药等前期热门品种出现净流出。同花 ...

年末以来，ETF申赎资金流向显示，人工智能、医疗、创新药等热门品种出现不同程度净流出，红利低 波、自由现金流等稳健品种则获得资金青睐。 在这一情况下，"A股风格会否切换"成为市场热议话题，"AI泡沫"论被再次提及。这是业内基于近几年A股年 度风格切换规律做出的考虑，更是对AI、医药等热门板块估值水平等指标做出的衡量。 从券商中国记者采访情况来看，公募不否认科技成长有望成为2026年市场行情主线，但岁末的资金"高低切 换"，也使得新年投资布局回归产业需求是否稳定增长，以及现金流能否持续这一核心逻辑上来。他们认为， 2026年资金有望从科技向现金流稳健的制造业方向扩散，红利在低利率环境下，依旧是组合的稳定器。 资金或从科技向多方向扩散 实际上，岁末年初的市场风格切换，是近几年来A股发生过的情况，如2019年的消费白酒行情切换到此后的半 导体、新能源，再契合到2024年和2025年的人工智能。在上述资金变化背后，公募更为关注的是"高低切换"下 的热门板块基本面变化。 就当前而言，市场的关注第一个焦点，在于2026年科技板块的持续性。针对此，公募的近期策略再次对"AI泡 沫"等质疑进行了分析。"最近美股科技巨头股价不 ...

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 5.03% as of December 17 [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 2.68% as of December 17 [1] Group 2 - Shandong Road and Bridge announced a cash dividend of RMB 0.12 per 10 shares (tax included), with the record date on December 23, 2025, and the ex-dividend date on December 24, 2025 [1] - Shandong Road and Bridge is classified under the construction decoration sector and is not part of the Low Volatility Dividend Index or the Dividend Quality Index [1] Group 3 - Fuzhijing Technology declared a cash dividend of RMB 1.00 per 10 shares (tax included), with the record date on December 24, 2025, and the ex-dividend date on December 25, 2025 [2] - Fuzhijing Technology is classified under the electronics sector and is also not part of the Low Volatility Dividend Index or the Dividend Quality Index [2]

Group 1: Dividend Indices - 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 dividend yield of 5.05% as of December 16 [1] - The Dividend Quality Index (931468.CSI) consists of 50 securities that continuously pay cash dividends, have high payout ratios, and exhibit high profitability, with a dividend yield of 2.72% as of December 16 [1] Group 2: Company Dividend Announcements - Qingdao Port announced a cash dividend of RMB 0.1466 per share (tax included), with the record date on December 23, 2025, and the ex-dividend date on December 24, 2025 [1] - Shenwan Hongyuan declared a cash dividend of RMB 0.35 per 10 shares (tax included), with the same record and ex-dividend dates as Qingdao Port [2] - Huillong Co. announced a cash dividend of RMB 0.5 per 10 shares (tax included), with the same record and ex-dividend dates [2] - Xinda Zheng declared a cash dividend of RMB 1.50 per 10 shares (tax included), with the same record and ex-dividend dates [2] - Caitong Securities announced a cash dividend of RMB 0.06 per share (tax included), with the same record and ex-dividend dates [3]

12月12日消息，市场探底回升，情绪逐步回暖，三大指数集体收红。截至收盘，红利低波ETF （512890）上涨0.09%，报1.174元，换手率2.45%，成交额6.10亿元，成交规模居同类ETF首位。 | | 1.174 +0.001 +0.09% | | | 红利低波ETF ① | ਜੋ | | --- | --- | --- | --- | --- | --- | | | | | | 512890 | | | SSE CNY 15:00:13 闭市 查看L2全景 | | | | | 通融/ ● 十 | | 净值是势 | | 华泰柏瑞红利低波ETF | रेस | 4.45% 120日 | -0.25% | | 爱比 | 39.11% 출장 | 165018 | 5日 | -1.59% 250H | 6.82% | | 英 | 1.178 | 12528 | 20日 | -4.94% 52周高 | 1.25 | | 卖口 | 1.177 | 30203 | 60日 | -1.51% 52周低 | 1.04 | | 李二 | 1.176 | 39049 | 实时申购质回信息 | 申购 | 旋回 | | 定 ...

每日经济新闻 （责任编辑：张晓波 ） 有分析认为，此次调整逻辑清晰，即"风险因子下调→降低险企资本占用→提升偿付能力充足率→ 释放增量资金" ，这不仅缓解了险企的资本压力，理论上可带来千亿级别的长期入市资金，鼓励险资做 市场的"耐心资本" 。叠加与新会计准则的双重共振，高股息、低波动的红利资产成为险资配置的较好 解决方案 。 鼓励"长钱长投"背景下，红利低波板块有望持续迎来"源头活水"，投资者可通过ETF等指数化投资 工具便捷布局相关资产。 据悉，易方达基金是目前唯一一家红利类ETF全部实行低费率的基金公司，旗下红利低波动ETF （563020）、恒生红利低波ETF（159545）、A500红利低波ETF（563510）等产品的管理费率均为 0.15%/年，可助力投资者低成本布局高股息资产。 近日，金融监管总局发布《关于调整保险公司相关业务风险因子的通知》，明确保险公司持仓时间 超过三年的沪深300指数成份股、中证红利低波动100指数成份股的风险因子从0.3下调至0.27，持仓时间 超过两年的科创板上市普通股，其风险因子由0.4下调至0.36。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中 ...

Group 1: Dividend Indices - 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 1-year dividend yield of 4.21% as of December 10 [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 1-year dividend yield of 3.48% as of December 10 [1] Group 2: Company Dividend Announcements - Kweichow Moutai announced a cash dividend of 23.957 RMB per share (tax included), with the record date on December 18, 2025, and the ex-dividend date on December 19, 2025 [1] - Wuliangye announced a cash dividend of 25.78 RMB for every 10 shares (tax included), with the record date on December 17, 2025, and the ex-dividend date on December 18, 2025 [2] - Yidong Electronics declared a cash dividend of 1.00 RMB for every 10 shares (tax included), with the record date on December 16, 2025, and the ex-dividend date on December 17, 2025 [2] - Shouchuang Securities announced a cash dividend of 0.10 RMB per share (tax included), with the record date on December 18, 2025, and the ex-dividend date on December 19, 2025 [2] - Ningbo Bank declared a cash dividend of 3.00 RMB for every 10 shares (tax included), with the record date on December 16, 2025, and the ex-dividend date on December 17, 2025 [3] - Marco Polo announced a cash dividend of 3.00 RMB for every 10 shares (tax included), with the record date on December 17, 2025, and the ex-dividend date on December 18, 2025 [3]

【突出的股息率优势，是吸引资金的核心逻辑】 该基金的核心配置价值，与其标的指数 恒生港股通高股息低波动指数的"高股息"特性 紧密相关。目 前，该指数近12个月股息率已攀升至5.88%，与同期1.85%的10年期国债收益率形成显著利差，其吸引 力也超越了部分主流红利类指数。突出的股息率优势，使港股红利类资产在当前波动加剧的市场中，彰 显出十足的配置韧性。 【低费率+月月评估分红，提升长期持有体验】 据了解，港股红利低波ETF(520550)以全市场最低费率（综合费率0.2%）降低持有成本，其月度分红机 制和T+0交易特性进一步提升了资金效率；持仓结构上，金融、能源等成熟行业构筑安全垫，同时通过 单一个股5%的权重上限实现风险分散，剔除阶段跌幅过大的股票规避"股息率陷阱"。场外投资者可借 助联接基金(A类：024029/C类：024030)进行布局。 随着年末市场波动加剧，资金正加速流向具备防御属性的资产。截至12月4日，港股红利低波 ETF(520550)已获资金连续11日净流入，累计金额约9900万元。在资金的持续推动下，该基金份额规模 大幅增长，年内份额扩容达420.57%，最新份额突破10亿份，创下历史新 ...

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 4.09% as of December 2 [1] - The Low Volatility Dividend ETF (159547) is the ETF with the lowest comprehensive fee tracking this index [1] - The Dividend Quality Index (931468.CSI) consists of 50 listed companies that provide continuous cash dividends, have higher payout ratios, and exhibit high profitability, with a one-year dividend yield of 3.43% as of December 2 [1] Group 2 - Airo Energy announced a cash dividend of 0.9375 CNY per share (tax included), with the record date on December 8, 2025, and the ex-dividend date on December 9, 2025 [2] - Zhuoyi Information declared a cash dividend of 0.10 CNY per share (tax included), with the same record and ex-dividend dates as Airo Energy [2] - Zhuochuang Information will distribute a cash dividend of 4.00 CNY for every 10 shares (tax included), with the same record and ex-dividend dates [2] - Ruitai New Materials will distribute a cash dividend of 1.00 CNY for every 10 shares (tax included), with the record date on December 9, 2025, and the ex-dividend date on December 10, 2025 [2]