截至2025年11月7日 10:02，中证A500红利低波动指数(932422)上涨0.60%，成分股江苏国泰(002091)上涨10.01%，云天化(600096)上涨3.91%，特变电工 (600089)上涨1.69%，浙江龙盛(600352)上涨1.37%，海螺水泥(600585)上涨1.13%。中证A500红利低波ETF(561680)上涨1.07%， 冲击5连涨。最新价报1.04 元。拉长时间看，截至2025年11月6日，中证A500红利低波ETF近1周累计上涨1.28%。 流动性方面，中证A500红利低波ETF盘中换手1.85%，成交374.97万元。拉长时间看，截至11月6日，中证A500红利低波ETF近1年日均成交2731.60万元。 | 股票代码 | 股票简称 | 涨跌幅 | 权庫 | | --- | --- | --- | --- | | 601288 | 农业银行 | -0.25% | 1.45% | | 600177 | 雅戈尔 | 0.39% | 1.34% | | 601328 | 交通银行 | -0.27% | 1.27% | | 601988 | 中国银行 | -0.18% | ...

Core Viewpoint - The Zhongzheng A500 Dividend Low Volatility Index and its corresponding ETF are showing positive performance, with a low valuation and high tracking accuracy, indicating potential investment opportunities in the underlying stocks. Group 1: Index Performance - As of October 10, 2025, the Zhongzheng A500 Dividend Low Volatility Index (932422) increased by 0.11%, with notable gains from stocks such as YTO Express (600233) up 1.76% and Yuntianhua (600096) up 1.33% [1] - Over the past two weeks, the Zhongzheng A500 Dividend Low Volatility ETF (561680) has accumulated a rise of 1.34% [1] - The ETF's trading volume was 109.33 million yuan with a turnover rate of 0.22% [1] Group 2: Liquidity and Drawdown - The average daily trading volume of the Zhongzheng A500 Dividend Low Volatility ETF over the past year was 31.39 million yuan [1] - The maximum drawdown since the ETF's inception is 3.42%, with a relative benchmark drawdown of 0.23% [1] Group 3: Fee Structure and Tracking Accuracy - The management fee for the Zhongzheng A500 Dividend Low Volatility ETF is 0.50%, and the custody fee is 0.10% [1] - The tracking error for the ETF over the past month is 0.035%, which is the highest among comparable funds [1] Group 4: Valuation Metrics - The latest price-to-earnings ratio (PE-TTM) for the Zhongzheng A500 Dividend Low Volatility Index is 9.78, placing it in the 18.75th percentile over the past year, indicating it is undervalued compared to 81.25% of the time in the last year [2] - The index consists of 50 stocks selected for continuous dividends, high dividend yields, and low volatility, reflecting the overall performance of these securities [2] Group 5: Top Holdings - As of September 30, 2025, the top ten weighted stocks in the Zhongzheng A500 Dividend Low Volatility Index account for 30.72% of the index, including Agricultural Bank of China (601288) and Gree Electric Appliances (000651) [2]

Core Viewpoint - The approval and issuance of the first batch of CSI A500 Dividend Low Volatility ETFs mark a significant milestone in the domestic fund market, providing investors with diversified asset allocation options and promoting rational and stable investment in the capital market [3][4]. Group 1: ETF Approval and Market Context - The first batch of CSI A500 Dividend Low Volatility ETFs was officially approved in July 2025, following the release of the CSI A500 Dividend Low Volatility Index in April of the same year [1]. - The initial offering of the Ping An CSI A500 Dividend Low Volatility ETF (subscription code 561683) received widespread attention and recognition from investors on its first day of issuance [1]. Group 2: Index Characteristics and Performance - The CSI A500 Dividend Low Volatility Index has achieved an annualized return of 10.81% since 2015, outperforming traditional dividend indices by 1% [2]. - The index has demonstrated lower volatility and smaller maximum drawdowns, winning five out of the last ten years against three mainstream dividend indices, showcasing its defensive attributes during economic downturns [2]. - The index includes 50 stocks selected for high dividend yield and low volatility, utilizing four optimization metrics to better reflect the performance of high-dividend and low-volatility stocks [1][2]. Group 3: Investor Suitability and Market Impact - The index is suitable for various investor profiles, including those seeking stable returns to counter inflation, investors unfamiliar with equity index investments, and institutional funds looking to optimize asset allocation [3]. - The launch of the CSI A500 Dividend Low Volatility ETFs is expected to attract significant capital from both individual and institutional investors, enhancing market vitality and promoting the prosperity of the capital market [4].