Group 1: Cross-Border ETF Market in Hong Kong - The cross-border ETF market in Hong Kong accounts for nearly 70% of the total, making it the preferred destination for mainland investors [2] - The total scale of cross-border ETFs tracking internet technology indices exceeds 10 billion yuan, with four ETFs collectively managing over 200 billion yuan [3][5] - The Hang Seng Technology Index ETF has a management scale exceeding 770 billion yuan, ranking second only to the Nasdaq 100 index among all cross-border indices [3] Group 2: Internet Technology ETFs - The four ETFs tracking internet technology indices include major companies like Alibaba, Tencent, and Meituan, with varying weight distributions across sectors [5][6] - The top three sectors for the Hang Seng Technology Index are non-essential consumer (52.8%), information technology (41.8%), and healthcare (2.6%) [4] - The largest single ETF tracking the Hong Kong Internet ETF exceeds 410 billion yuan [5][6] Group 3: Healthcare ETFs - The healthcare sector in Hong Kong accounts for nearly 36% of the total market capitalization, with four ETFs tracking healthcare indices exceeding 10 billion yuan [6][8] - The Hang Seng Healthcare Index ETF has a management scale exceeding 150 billion yuan, making it the largest among healthcare ETFs [8] - The top three sectors for the Hang Seng Healthcare Index are biotechnology (45.7%), pharmaceuticals (29.7%), and pharmaceutical distribution (13.2%) [7][10] Group 4: Dividend ETFs - In a volatile equity market with low interest rates, the demand for stable returns has increased, highlighting the investment value of dividend assets [9] - Various dividend-focused ETFs are available, with some tracking indices like the Hang Seng Low Volatility Dividend Index and the National Enterprise Dividend Index [11]

Core Insights - The low-volatility dividend ETF (512890) has seen a continuous increase in both fund size and shares over the past two weeks, indicating a growing interest from investors despite the overall pressure on dividend styles this year [1] Fund Performance - The low-volatility dividend ETF (512890) and the dividend ETF (510880) recorded significant trading volumes on March 26, 2025, with transaction amounts of 190 million yuan and 220 million yuan respectively, showing a notable increase compared to the previous trading day [1] - From March 10 to March 25, 2025, the low-volatility dividend ETF (512890) experienced a growth of 30.9 million shares and an increase in fund size by 79.2 million yuan, marking two consecutive weeks of net growth [1] - Cumulatively, the low-volatility dividend ETF (512890) attracted 364 million yuan in investments during this period [1] Market Position - As of March 25, 2025, the dividend ETF (510880) and the low-volatility dividend ETF (512890) have reached fund sizes of 22.234 billion yuan and 14.306 billion yuan respectively, making them the only two dividend-themed ETFs in the A-share market with sizes exceeding 10 billion yuan [1]