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华泰柏瑞红利低波ETF(512890)
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高盛坚定看好“股东回报”主题!红利低波ETF(512890)日成交额6.68亿霸榜 或成震荡市低吸利器
Xin Lang Ji Jin· 2025-09-18 09:32
Core Viewpoint - The recent market volatility has led to a collective decline of over 1% in the three major stock indices, with the Hongli Low Volatility ETF (512890) experiencing a drop of 1.87% but maintaining long-term net inflows, indicating investor confidence in the strategy [1][3][6]. Group 1: ETF Performance - The Hongli Low Volatility ETF (512890) closed at 1.153 yuan, with a trading volume of 6.68 billion yuan and a turnover rate of 3.32% [1][2]. - Over the past 60 trading days, the ETF has seen a net inflow of 1.79 billion yuan, reflecting a long-term positive sentiment among investors despite short-term fluctuations [1][3]. - The ETF has maintained strong liquidity, with a cumulative trading amount of 90.42 billion yuan over the last 20 trading days, averaging 4.52 billion yuan per day [2]. Group 2: Fund Flow Dynamics - Recent fund flow data indicates a mixed trend, with short-term outflows of 1.2 billion yuan over the last 5 trading days, while long-term inflows of 1.79 billion yuan over 60 trading days suggest strategic positioning by investors [3][6]. - As of September 16, the ETF's circulating scale was 20.293 billion yuan, ranking it among the top in its category, showcasing market recognition of the low volatility strategy [3]. Group 3: Holdings and Market Sentiment - The top ten holdings of the Hongli Low Volatility ETF include major banks and infrastructure companies, all of which have experienced varying degrees of adjustment recently [4][5]. - Goldman Sachs has maintained an overweight rating on A-shares and H-shares, advising investors to buy on dips, particularly favoring themes like shareholder returns and artificial intelligence, aligning with the ETF's focus [5][6].
与持有人长期共赢,这只产品做到了!
点拾投资· 2025-07-10 12:56
Core Viewpoint - The article discusses the evolving dynamics between fund managers and investors, emphasizing the importance of achieving mutual benefits through investment strategies that focus on lower volatility and long-term factors [1]. Group 1: Fund Characteristics - The first key factor for desirable fund returns is lower volatility, which allows investors to achieve better "lifetime return rates" [2]. - The second key factor is the inclusion of long-term factors, such as dividend yield, to align fund uncertainty with investor goals [3]. - The HuaTai BaRui Dividend Low Volatility ETF (512890) has recently surpassed a scale of 20 billion, indicating a shift in investor behavior towards products that combine these two factors [4][5]. Group 2: Market Trends - In the first half of the year, the A-share market presented significant structural opportunities, with the Wande Equity Mixed Fund Index rising by 8.75%, outperforming the CSI 300 Index, which only increased by 1.44% [7]. - Despite this, there has not been a substantial increase in the scale of actively managed equity funds; instead, more low-volatility strategy products are emerging as important alternatives for investors [7][9]. - The market's product innovation is primarily focused on reducing volatility, with strategies including the allocation of low-correlated assets and incorporating gold as a risk-hedging tool [9][10]. Group 3: Performance Analysis - The HuaTai BaRui Dividend Low Volatility ETF has achieved positive returns every year since its inception, outperforming its benchmark in each complete year from 2019 to 2024 [17][18]. - The ETF's annual returns from 2019 to 2024 show that it achieved over 20% returns in 2019 and 2024, and between 10% to 20% in 2021 and 2023, with only 2022 yielding less than 5% [20][25]. - The ETF's performance illustrates that low-volatility strategies can provide stable returns while minimizing risk, aligning with the changing investor demand for long-term wealth growth rather than short-term gains [22][24]. Group 4: Company Development - HuaTai BaRui Fund has demonstrated significant growth, with its ETF total scale exceeding 500 billion as of July 9, 2025, reflecting a successful strategy focused on reducing volatility [24][25]. - The company has established a strong reputation in the industry for its low-volatility products, contributing to its leadership in the market [24][25].