Core Viewpoint - Dividend-themed funds are becoming a core asset for risk-averse investors due to their stable cash flow returns and defensive attributes [1] Fund Performance and Growth - Multiple dividend-themed ETFs have reached record high shares, with significant growth in their issuance [2] - As of June 17, the E Fund CSI Dividend Low Volatility ETF reached 1.576 billion shares, an 85% increase since the beginning of the year; the Southern S&P China A-share Large Cap Dividend Low Volatility 50 ETF rose to 6.564 billion shares, a 75% increase; and the Bosera CSI Dividend Low Volatility 100 ETF surpassed 0.945 billion shares, a 74% increase [2] - Overall, the scale of dividend-themed funds has rapidly expanded, with 217 funds showing a 12% growth to 273.941 billion yuan since the beginning of the year [2] - The net inflow for these funds reached 13.778 billion yuan as of June 17, indicating strong investor interest in "low valuation + high dividend" strategies [2] Early Fund Closures - Several dividend low volatility ETFs have closed their fundraising early, reflecting strong demand and investor confidence in their strategies [3] - The early closure of the Great Wall Fund's dividend low volatility ETF, which ended its fundraising on May 30 instead of June 30, highlights this trend [3] - This early closure suggests a structural shift in market risk appetite, with funds moving from a cautious stance to active allocation [3] Increased Dividend Distribution - Fund companies are adjusting their dividend distribution rules to enhance attractiveness, allowing for more frequent distributions [4] - For instance, the Huatai-PineBridge SSE Dividend ETF and Yongying Dividend Selection Mixed Fund have updated their contracts to allow for monthly dividend assessments [4] - This strategy aims to meet investor demand for stable returns and reduce net asset value volatility, attracting long-term capital [4] Institutional Preference - Dividend assets are increasingly viewed as important core holdings for institutions and long-term investors due to their stable cash flow and defensive characteristics [5] - High dividend stocks can provide a "quasi-fixed income" yield of 3% to 5%, appealing to long-term capital needs [6] - Traditional high-dividend sectors such as banking, electricity, and coal are favored for their strong cash flow and valuation safety margins, making them attractive to risk-averse funds [6]

其中，今年分红金额规模较大的多为宽基、红利主题 ETF 产品。华夏基金、嘉实基金旗下沪深 300ETF 分红金额 均超 20 亿元，南方中证 500ETF、易方达沪深 300ETF、华泰柏瑞红利 ETF 分红金额均达到 10 亿元以上。 在业内人士看来，权益 ETF 分红热情高涨得益于多重因素的共同推动。一方面，新 "国九条" 明确强化上市公司 现金分红监管，A 股上市公司分红金额和比例持续上升，目标指数成分股分红或构成权益 ETF 收益的来源之一； 另一方面，公募基金日益重视投资者获得感，通过积极分红、持续分红提升投资者体验；此外，ETF 市场的繁荣 也为大规模分红提供了坚实基础。（南木） 华泰柏瑞沪深 300ETF 成立于 2012 年 5 月 4 日，加上此次分红，13 年来累计分红 13 次，分红总额有望突破 160 亿元。 此外，同日华泰柏瑞基金旗下华泰柏瑞中证港股通高股息投资 ETF、华泰柏瑞中证中央企业红利 ETF、华泰柏瑞 上证红利 ETF 联接也宣布将实施分红，分红方案分别为每 10 份基金份额分红 0.20 元、0.05 元、0.05 元。 Wind数据显示，截至 6 月10 日，今年以来 ...

Group 1 - The largest equity ETF in the market, Huatai-PB CSI 300 ETF, announced a cash dividend plan of 0.880 yuan per 10 fund shares, with a total dividend amount expected to exceed 8 billion yuan, potentially setting a record for the highest single dividend in domestic ETF history [1] - Since its establishment on May 4, 2012, the Huatai-PB CSI 300 ETF has distributed dividends 13 times, with a total dividend amount expected to surpass 16 billion yuan, maintaining a stable record of returning profits to shareholders [1] - Other ETFs under Huatai-PB, including Huatai-PB CSI Hong Kong Stock Connect High Dividend Investment ETF, Huatai-PB CSI Central Enterprises Dividend ETF, and Huatai-PB SSE Dividend ETF, also announced dividend plans, contributing to a total of 14.5 billion yuan in dividends from four major ETFs, accounting for 70% of all ETF dividends [1] Group 2 - The A-share market's dividend ecosystem has been continuously optimized due to regulatory guidance on cash dividends, with a significant increase in cumulative dividend amounts for ETFs since 2025 compared to the previous year [2] - Major "giant" broad-based ETFs, including Huatai-PB CSI 300 ETF, E Fund CSI 300 ETF, Huaxia CSI 300 ETF, and Harvest CSI 300 ETF, received substantial increases in holdings from the "national team," indicating a supportive stance towards the capital market [2]

Group 1 - The total dividend amount of public funds in 2023 has reached 88.9 billion yuan, which is 1.4 times that of the same period last year, marking a three-year high with over 2,500 distributions [1] - Equity funds are increasingly distributing dividends, with ETFs being prominent in the distribution rankings, such as Huaxia CSI 300 ETF with 2.683 billion yuan and Jiashi CSI 300 ETF with 2.435 billion yuan [1] - Several ETFs have also exceeded 1 billion yuan in dividend distributions this year, including E Fund CSI 300 ETF and Southern CSI 500 ETF [1] Group 2 - Penghua Fund has appointed Italian firm Eurizon Capital as an overseas investment advisor for its global high-yield bond fund and US real estate fund, enhancing service for investors [2] - Eurizon Capital, a shareholder of Penghua Fund, had an asset management scale of 390.5 billion euros as of September last year, operating in 25 countries [2] - The trend of QDII funds hiring experienced overseas advisors is growing, with many having over 15 years of industry experience [2] Group 3 - Dongfanghong Asset Management announced the early closure of its core value mixed fund, which is the first floating fee rate fund in the market, with a planned fundraising cap of 2 billion yuan [3][4] - The fund was subscribed with 10 million yuan of the company's own capital [3] Group 4 - Several public funds, including Fuguo Fund and Guotai Fund, have warned investors about risks associated with the recent volatility in the information technology innovation theme ETFs, which have seen a significant increase in scale [5] - As of June 3, the total scale of seven innovation theme ETFs reached 2.544 billion yuan, up over 110% from 1.188 billion yuan on May 23 [5] Group 5 - The Hong Kong innovative drug sector has gained significant attention, with the Hang Seng Hong Kong Stock Connect Innovative Drug Select Index rising over 51% year-to-date [6] - Multiple innovative drug and healthcare ETFs have also seen year-to-date increases exceeding 40%, outperforming gold stock ETFs which rose 36% [7] Group 6 - Investment opportunities in the medical AI sector are concentrated in three main areas: AI drug development, AI in medical diagnostics and treatment, and the production and application of medical data [8] - The application of AI in drug development is expected to enhance efficiency, with several AI-selected drugs entering clinical validation [8] Group 7 - On June 5, the market experienced a rebound, with the Shanghai Composite Index rising 0.23% and the Shenzhen Component Index increasing by 0.58% [9] - The total trading volume in the Shanghai and Shenzhen markets reached 1.29 trillion yuan, an increase of 137.4 billion yuan from the previous trading day [9] - The information technology sector led the gains, with the information technology ETF rising by 3.98% [9]

权益类基金中，ETF基金分红大幅加码。据同花顺数据，近百只权益ETF（含联接基金）今年以来累计 分红119.43亿元，较去年同期增长了456.36%，分红次数也从30次提升至215次。单只基金方面，分红超 过10亿元的6只权益基金均为ETF，其中华夏沪深300ETF、嘉实沪深300ETF分红超20亿元，南方中证 500ETF、易方达沪深300ETF发起式、华泰柏瑞上证红利ETF、华泰柏瑞鼎利混合等分红10亿元。 国寿安保基金指出，基金分红主要有现金分红和红利再投资这两种方式。现金分红是基金公司将分红的 金额直接以现金的形式打入投资者的账户，适合需要现金流的投资者，或者希望将分红用于其他投资或 消费的投资者；红利再投资则是基金公司将应分红的金额自动转换为基金份额，并增加到投资者的基金 持有份额数中，更适合那些看好基金未来表现、希望增加持有份额的投资者。投资者在投资基金时，应 该充分了解基金的分红机制，根据自己的需求和目标选择合适的分红方式；同时也要注意，分红并不是 基金投资的唯一目标，投资者还需要关注基金的整体表现和投资风险，做出理性的投资决策。 有业内人士认为，公募基金分红金额的增加，反映了公募基金行业的稳健 ...

◎记者 朱妍 公募基金的分红热情持续高涨。数据显示，今年以来基金分红总额已接近900亿元。其中，权益类基金 的分红积极性较高，分红额是去年同期的近7倍。业内人士认为，随着市场有效性提升、经济复苏预期 强化，以及公募改革引导行业向重投资者回报转型，更多基金公司有望采用"定期分红+超额收益分 配"相结合的分红模式，优化投资者持有体验。 Choice数据显示，基金今年以来累计分红金额达889亿元，是去年同期的1.4倍，创出近三年的同期新 高，且分红次数超过2500次。 今年以来，加大分红力度已经成为众多基金公司的共识。公募基金改革强调从重规模向重投资者回报转 型，在政策引导下，基金管理人有望继续积极分红，以增强投资者的体验与黏性。 排排网财富公募产品运营曾方芳认为，随着市场有效性提升和经济复苏预期强化，权益类基金的业绩弹 性或进一步显现，推动更多基金公司采用"定期分红+超额收益分配"相结合的分红模式。 其中，权益类基金（股票型、混合型基金）的分红不断加码，ETF更是基金分红榜的"常客"。数据显 示，华夏沪深300ETF以26.83亿元成为今年以来分红"最大方"基金，嘉实沪深300ETF以24.35亿元的分红 金额名 ...

基金人士认为，短期配置可以捕捉结构性机会，重点关注互联网科技板块以及竞争优势突出的出海板 块。 资金净流出A股ETF 近日，在金价持续走低的背景下，黄金ETF成交重新活跃，资金数据显示或以卖出为主。股票市场方 面，随着上证指数升至3300点上方，近期资金"撤离"迹象明显。本周前三个交易日，A股ETF合计净流 出逾150亿元，主流宽基指数ETF以净流出为主，短期涨幅较大的ETF也遭"获利了结"。 随着上证指数升至3300点上方，资金撤离动向明显。近日A股市场宽幅波动，资金延续净流出态势。本 周以来，A股ETF资金合计净流出153.57亿元。其中，创业板、沪深300、中证A500等主流宽基指数ETF 均呈现净流出。具体来看，易方达创业板ETF净流出23.33亿元，华泰柏瑞沪深300ETF净流出10.29亿 元，国泰中证A500ETF、华安创业板50ETF、华泰柏瑞中证A500ETF等净流出额均在7亿元以上。 行业主题ETF方面，近日涨幅较大的华宝中证全指证券公司ETF、国泰中证军工ETF、华夏中证机器人 ETF本周以来分别净流出6.39亿元、5.87亿元、4.44亿元。此外，华泰柏瑞上证红利ETF净流出超过8亿 ...

数据来源：华泰柏瑞基金官网 当核心产品的高费率保护伞被拆除，当多元化冒进的试错空间被压缩，华泰柏瑞基金唯有回归"以客户 需求为原点"的底层逻辑。韩勇时代的终结，既是公司业务结构失衡的"显性代价"，也是打破路径依赖 的倒逼之机。 2025年5月9日晚间，华泰柏瑞基金管理有限公司（以下简称"华泰柏瑞基金"）发布高级管理人员变更公 告，因工作调整，韩勇不再担任总经理，由董事长贾波代行总经理职务。值得一提的是，华泰柏瑞基金 在公告中特别感谢了韩勇在任期间为公司长期稳健发展做出的积极贡献。 | 离任高级管理人员职务 | 总经理 | | | --- | --- | --- | | 离任高级管理人员姓名 | 韩勇 | | | 离任原因 | 工作调整 | | | 离任日期 | 2025年05月09日 | | | 转任本公司其他工作岗位的说明 | 另有安排 | 10 Amestic | 韩勇的职业生涯始于君安证券，曾担任海外部项目经理；后进入华夏证券担任发行部项目经理。1994年 2月，韩勇加入中国证券监督管理委员会，先后在期货监管部、稽查部、纪委监察局以及基金监管部担 任过副主任科员、主任科员、副处长、处长等职务。 "空降" ...

险资方向，本期较上一季度持股减少的险资共计2个，包括中国平安人寿保险股份有限公司-分红-个险 分红、中国平安人寿保险股份有限公司-自有资金，持股减少占比小幅下跌。 公募基金方面，本期较上一期持股增加的公募基金共计6个，主要包括招商中证红利ETF、易方达中证 红利ETF、华泰柏瑞上证红利ETF、博道红利智航股票A、财通华臻量化选股混合A等，持股增加占比达 0.10%。本期较上一季度持股减少的公募基金共计5个，包括天弘红利智选混合A、国泰君安红利量化选 股混合A、华夏中证智选500价值稳健策略ETF、万家红利量化选股混合发起式A、汇添富稳兴回报债券 发起式A，持股减少占比小幅下跌。本期较上一季度新披露的公募基金共计4个，包括中信保诚红利领 航量化股票A、人保红利智享混合A、交银多策略回报灵活配置混合A、景顺长城红利量化选股股票A。 本期较上一季未再披露的公募基金共计228个，主要包括南方中证500ETF、大成中证红利指数A、富国 中证红利指数增强A/B、万家中证红利ETF、建信中证500指数增强A等。 2025年4月30日，鄂尔多斯(600295.SH)发布2025年第一季报。截至2025年4月30日，共有19个 ...

Group 1 - The public fund industry is experiencing a significant increase in dividend payouts, with total dividends exceeding 80 billion yuan this year, marking a three-year high [1][2] - Equity funds have shown a remarkable increase in dividend distribution, with total dividends this year being ten times that of the same period last year [1][2] - Major ETFs are leading the dividend distribution, with the top two being Huaxia CSI 300 ETF and Harvest CSI 300 ETF, distributing 2.683 billion yuan and 2.435 billion yuan respectively [1] Group 2 - Over 90% of the funds that have distributed dividends this year have positive returns over the past year, with several high-performing funds distributing substantial dividends [2] - In April alone, the total dividend amount reached 13.565 billion yuan, with 505 instances of dividend distribution, reflecting a sustained enthusiasm for dividends despite market volatility [2] - Dividend distribution not only provides stable cash flow for investors but also helps alleviate anxiety caused by market fluctuations, thereby enhancing investor confidence and reducing redemption risks [3]