Core Insights - The China Securities Regulatory Commission (CSRC) emphasizes the role of long-term funds as stabilizers in the market, promoting reforms in public funds and encouraging the implementation of long-term investment strategies [1] - The low-volatility dividend ETF (512890) is expected to benefit from increased long-term capital inflows due to its characteristics aligning with the demand for stable returns from insurance funds and other long-term investors [1] Group 1: Market Performance - The low-volatility dividend ETF (512890) recorded a single-day trading volume of 983 million yuan on October 27, 2025, representing a 44% increase from the previous week's average daily trading volume of 683 million yuan [2] - From October 17 to October 27, 2025, the ETF saw net inflows on 6 out of 7 trading days, accumulating a total of 1.103 billion yuan, making it the only dividend-themed ETF to surpass 1 billion yuan in net inflows during this period [2] - As of October 27, 2025, the fund size of the low-volatility dividend ETF reached 24.55 billion yuan, making it the only dividend-themed ETF in the market with a size exceeding 24 billion yuan [2] Group 2: Investment Appeal - The latest dividend yield of the low-volatility dividend ETF (512890) stands at 4.17%, significantly higher than the 10-year government bond yield of 1.84%, indicating a strong yield advantage [2] - Investors are increasingly focused on asset quality and stable shareholder returns, making high-dividend, low-volatility assets more attractive in the context of declining long-term interest rates [2] Group 3: Fund Management - Huatai-PB Fund, a pioneer in ETF management in China, has over 18 years of experience in managing dividend-themed index investments, offering a range of products including the low-volatility dividend ETF (512890) and other related ETFs [2] - As of October 27, 2025, Huatai-PB Fund's "dividend family" products have a combined management scale of 45.927 billion yuan [2]