Group 1 - The popularity of the dividend low-volatility strategy in the A-share market is increasing, with rapid growth in related ETF sizes and accelerated layout by public fund institutions [1][3] - The strategy is gaining traction due to the improvement of the A-share dividend mechanism, the influx of medium to long-term funds, and the decline in risk-free interest rates, making it a core equity tool for investors seeking stable long-term returns [1][3] - Several dividend low-volatility ETFs have been successfully issued since 2025, with the Huatai-PB CSI Dividend Low Volatility ETF leading the market with a scale of 21.235 billion yuan, an increase of 7.485 billion yuan since the beginning of the year [1] Group 2 - Major public fund companies such as E Fund, Huabao, and Ping An have recently applied for new dividend low-volatility ETF products, indicating the long-term value of these assets [3] - The strategy is viewed as a dividend enhancement strategy combined with low volatility factors, expected to provide stable performance across market cycles [3] - The weight of central state-owned enterprises in the dividend low-volatility index components exceeds 70%, enhancing the attractiveness of this strategy amid ongoing reforms [3]