现金流ETF（159399）是以自由现金流作为选股因子的Smart Beta ETF，紧密跟踪富时中国A股自由现金 流聚焦指数，剔除金融和地产行业，优选自由现金流率最高的50只股票，为投资者筛选出了一批 A 股 市场中的 "现金牛" 企业，为长期投资收益奠定了坚实基础。 进入四季度，防御属性的红利基金再受资金青睐，现金流ETF（159399）连续5日吸金超2.6亿元，当前 规模近40亿元。根据wind数据，今日盘中再获申购1.7亿份额。 进入四季度，沪指位于历史高位，资金止盈压力较大，叠加海外市场风险波动放大，权益风险偏好有所 回落，红利有望成为更优收益/波动比的"防御底仓"。 另外，年底资金倾向止盈防御，同时博弈政策红利，红利板块成资金优选。 值得关注的是，现金流ETF（159399）月月评估分红，截止2025年11月，自上市以来已经连续分红9个 月。感兴趣的投资者可以关注相关布局机会。 （文章来源：每日经济新闻） ...

同时，多家公募机构旗下红利产品规模创下历史新高，展现出震荡市中独特的"吸金"能力。 本报记者 彭衍菘 规模最大的红利主题ETF—华泰柏瑞基金旗下红利低波ETF于11月14日刷新规模纪录，达266.03亿元，成为这一波红利行 情中的"领头羊"。 近期，红利主题ETF（交易型开放式指数基金）在资本市场中表现抢眼。Wind资讯数据显示，截至11月21日，红利主题 ETF月内净流入额达63.18亿元，自年初以来净流入额高达356.23亿元，目前规模较年初增长49.31%至1661.71亿元。 此外，还有摩根标普港股通低波红利ETF、易方达中证红利ETF、工银瑞信基金旗下港股红利ETF等刷新规模纪录，最高 纪录分别达170.07亿元、111.66亿元、90.32亿元。 "高股息资产兼具股息收益与估值修复双重潜力。"晨星（中国）基金研究中心分析师崔悦向《证券日报》记者分析，一方 面其能在低利率环境下提供可观的现金回报，另一方面较低的估值水平为后续修复留出空间。 一位公募人士对《证券日报》记者表示，上市公司分红一般在年末尤其是年报公布之后相对密度更高一些，分红季来临 前，是配置红利资产重要的时间窗口。 在红利主题ETF中， ...

Designed to provide broad exposure to the Technology ETFs category of the market, the State Street SPDR S&P Semiconductor ETF (XSD) is a smart beta exchange traded fund launched on 01/31/2006.What Are Smart Beta ETFs?Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicati ...

A smart beta exchange traded fund, the State Street SPDR Russell 1000 Yield Focus ETF (ONEY) debuted on 12/02/2015, and offers broad exposure to the Style Box - Large Cap Value category of the market.What Are Smart Beta ETFs?The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.A good option for investors who believe in market efficiency, market cap weighted indexes offer a ...

Core Insights - Ex-U.S. equities have provided strong returns amid U.S. market volatility, prompting investors to increase allocations to these stocks as 2025 approaches [1] - The Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM) has shown significant performance, returning 30.8% year-to-date, outperforming its category average of 24.7% [2] - GEM has seen an increase of over $1 billion in assets under management (AUM) this year, indicating strong investor interest [2] Performance Metrics - GEM's year-to-date return of 30.8% surpasses the ETF Database Category average of 24.7% [2] - The ETF has also outperformed over one- and three-year periods, showcasing its strong performance track record [2] - The fund's portfolio includes high-performing companies such as SK Hynix, which has returned 253% year-to-date [2] Market Positioning - GEM offers diversification and exposure to top-tier emerging market firms, making it a notable option for investors [3] - The ETF's broad diversification includes significant allocations to equities from East Asia, India, and South America [2] - Domestic uncertainties around interest rates and a weakening dollar may enhance the appeal of foreign equities, positioning GEM favorably for 2026 [3]

Core Insights - The State Street SPDR Russell 1000 Low Volatility Focus ETF (ONEV) debuted on December 2, 2015, and provides broad exposure to the Style Box - Large Cap Blend category of the market [1] Fund Overview - ONEV is managed by State Street Investment Management and has accumulated assets exceeding $579.23 million, positioning it as an average-sized ETF in its category [5] - The ETF aims to match the performance of the Russell 1000 Low Volatility Focused Factor Index, which includes large-cap U.S. equity securities with high value, high quality, and low size characteristics, focusing on low volatility [6] Cost Structure - ONEV has annual operating expenses of 0.20%, which is competitive with most peer products in the same space [7] - The fund's 12-month trailing dividend yield is 1.89% [7] Sector Exposure and Holdings - The ETF has a significant allocation in the Industrials sector, comprising approximately 20.7% of the portfolio, followed by Healthcare and Financials [8] - Cardinal Health Inc (CAH) represents about 1.33% of the fund's total assets, with the top 10 holdings accounting for around 9.38% of total assets under management [9] Performance Metrics - As of November 12, 2025, ONEV has increased by approximately 7.23% and is up about 1.3% year-to-date [11] - The ETF has traded between $114.16 and $135.42 over the past 52 weeks, with a beta of 0.89 and a standard deviation of 13.08% for the trailing three-year period [11] Alternatives - ONEV is considered a strong option for investors looking to outperform the Style Box - Large Cap Blend segment, with alternatives such as iShares Core S&P 500 ETF (IVV) and Vanguard S&P 500 ETF (VOO) available for consideration [12][13]

Core Insights - The State Street SPDR S&P Telecom ETF (XTL) debuted on January 26, 2011, providing broad exposure to the Communication Services ETFs category [1] - XTL is managed by State Street Investment Management and has accumulated over $202.69 million in assets, positioning it as an average-sized ETF in its category [5] - The ETF seeks to match the performance of the S&P Telecom Select Industry Index, which is a modified equal weight index [6] Fund Characteristics - XTL has an annual operating expense ratio of 0.35%, which is competitive within its peer group [7] - The ETF's 12-month trailing dividend yield is 1.12% [7] - The fund's top holdings include Ast Spacemobile Inc (7.32% of total assets), Ondas Holdings Inc, and Ciena Corp, with the top 10 holdings accounting for approximately 42.55% of total assets [9] Performance Metrics - As of November 11, 2025, XTL has returned approximately 38.23% year-to-date and 37.48% over the past year [10] - The ETF has traded between $86.93 and $155.49 in the past 52 weeks [10] - XTL has a beta of 1.13 and a standard deviation of 23.08% over the trailing three-year period, indicating medium risk [10] Alternatives and Comparisons - Other ETFs in the Communication Services space include Vanguard Communication Services ETF (VOX) with $5.69 billion in assets and Communication Services Select Sector SPDR ETF (XLC) with $25.84 billion [12] - VOX has a lower expense ratio of 0.09%, while XLC charges 0.08% [12] - Investors seeking lower-cost options may consider traditional market cap weighted ETFs that aim to match the returns of the Communication Services ETFs [13]

Core Insights - The State Street SPDR S&P Retail ETF (XRT) is a smart beta ETF launched on June 19, 2006, designed to provide broad exposure to the Consumer Discretionary sector [1] - XRT has accumulated over $284.35 million in assets, making it one of the larger ETFs in its category [5] - The fund seeks to match the performance of the S&P Retail Select Industry Index, which is a modified equal weight index representing the retail sub-industry of the S&P Total Market Index [6] Fund Characteristics - XRT has an annual operating expense ratio of 0.35%, positioning it as one of the cheaper options in the ETF space [7] - The fund offers a 12-month trailing dividend yield of 1.33% [7] - The portfolio is heavily allocated to the Consumer Discretionary sector, comprising approximately 78.7% of total assets [8] Holdings and Performance - Etsy Inc (ETSY) is the largest holding, accounting for about 1.77% of total assets, with the top 10 holdings representing around 16.11% of total assets under management [9] - As of November 7, 2025, XRT has experienced a year-to-date loss of approximately -0.37% and a one-year increase of about 1.3% [11] - The fund has a beta of 1.24 and a standard deviation of 23.78% over the trailing three-year period, indicating medium risk [11] Alternatives - Alternatives to XRT include the Amplify Online Retail ETF (IBUY) and the VanEck Retail ETF (RTH), with respective assets of $147.61 million and $253.07 million [13] - IBUY has an expense ratio of 0.65%, while RTH has an expense ratio of 0.35% [13]

Core Insights - The State Street SPDR S&P Bank ETF (KBE) is a smart beta ETF launched on November 8, 2005, providing broad exposure to the Financials sector [1] - KBE aims to match the performance of the S&P Banks Select Industry Index, which is a modified equal-weighted index reflecting publicly traded banks and thrifts [5][6] Fund Management and Size - Managed by State Street Investment Management, KBE has accumulated over $1.38 billion in assets, making it one of the larger ETFs in the Financials category [5] - The fund has an annual operating expense ratio of 0.35%, positioning it as one of the least expensive options in the market [7] Performance Metrics - As of November 6, 2025, KBE has gained approximately 5.04% year-to-date and 7.19% over the past year, with a trading range between $45.85 and $62.76 in the last 52 weeks [11] - The fund has a beta of 1.02 and a standard deviation of 28.16% over the trailing three-year period, indicating a higher risk profile [11] Sector Exposure and Holdings - KBE is fully allocated to the Financials sector, with its top 10 holdings representing about 11.19% of total assets [8][9] - Comerica Inc (CMA) is the largest individual holding at approximately 1.22% of total assets [9] Alternatives in the Market - Other ETFs in the Financials space include the First Trust NASDAQ Bank ETF (FTXO) and the Invesco KBW Bank ETF (KBWB), with assets of $240.53 million and $5.69 billion respectively [12] - FTXO has an expense ratio of 0.60%, while KBWB matches KBE's expense ratio of 0.35% [12]

Core Insights - The WisdomTree U.S. Multifactor ETF (USMF) is designed to provide broad exposure to the Style Box - All Cap Blend category and was launched on June 29, 2017 [1] - USMF is managed by WisdomTree and has accumulated over $379.17 million in assets, making it an average-sized ETF in its category [5] - The fund seeks to match the performance of the WisdomTree U.S. Multifactor Index, which includes 200 U.S. companies selected based on value, quality, momentum, and correlation factors [5] Fund Characteristics - USMF has an annual operating expense ratio of 0.28%, which is competitive within its peer group [6] - The fund offers a 12-month trailing dividend yield of 1.34% [6] - The top holding, Dreyfus Trsy Oblig Cash Mgmt Cl Ins, constitutes approximately 53.05% of the fund's total assets [7] - The top 10 holdings account for about 110.35% of total assets under management, indicating a concentration in these positions [8] Performance Metrics - Year-to-date, USMF has increased by approximately 3.3%, and it has risen about 5.42% over the last 12 months as of November 4, 2025 [9] - The fund has traded between $44.42 and $52.86 in the past 52 weeks [9] - USMF has a beta of 0.81 and a standard deviation of 12.98% over the trailing three-year period, indicating a lower risk profile compared to the market [10] Alternatives - Other ETFs in the Style Box - All Cap Blend segment include iShares Core S&P Total U.S. Stock Market ETF (ITOT) and Vanguard Total Stock Market ETF (VTI), with assets of $80.02 billion and $559.88 billion respectively [12] - Both ITOT and VTI have a lower expense ratio of 0.03%, making them attractive alternatives for cost-conscious investors [12]