Core Viewpoint - The performance of the Hongli Low Volatility ETF (512890) reflects a resilient investment strategy amid market fluctuations, with significant net inflows indicating investor confidence in the fund's long-term viability [1][3]. Group 1: ETF Performance - On July 24, the Hongli Low Volatility ETF (512890) decreased by 0.66%, with a latest price of 1.209 yuan and a turnover rate of 1.62% [1]. - The ETF recorded a net inflow of 4.8 billion yuan over the past five trading days and 17.46 billion yuan over the past ten trading days [1]. - As of July 23, 2025, the circulating scale of the ETF reached 220.12 billion yuan [1]. Group 2: Market Trends and Strategy - The Hongli Low Volatility Index rose by 6.78% in the second quarter, showcasing the strategy's resilience and adaptability in the current market [3]. - The core logic driving the sustained rise of the dividend strategy in recent years has been the decline in risk-free interest rates, suggesting that the strategy's effectiveness is likely to remain stable unless significant changes occur [3]. - The upcoming earnings disclosure period in the third quarter, combined with external tariff disturbances, may lead to a decrease in risk appetite among investors [4]. Group 3: Investment Opportunities - For investors seeking stable returns and low-risk volatility, the Hongli Low Volatility ETF (512890) and its linked funds (including A Class 007466, C Class 007467, I Class 022678, Y Class 022951) are recommended as viable investment options [4].