华夏时报（www.chinatimes.net.cn）记者 耿倩 上海报道 5月14日，上海海通证券资产管理有限公司（下称"海通资管"）旗下的海通红利优选暂停大额申购、大 额转换转入，限制金额为1万元以上。主要原因是为了保证集合资产管理计划的平稳运作，保护集合资 产管理计划持有人利益。 不止海通红利优选这样的主动权益类基金限购，5月份以来，南方标普中国A股大盘红利低波50ETF联 接、华宝标普中国A股红利机会ETF联接（LOF）、广发中证国新港股通央企红利ETF发起式联接等5只 联接基金，也纷纷发布限制大额申购公告，限制金额从10万元到1000万元不等。 谈及红利基金"扎堆"限购的原因，晨星（中国）基金研究中心高级分析师李一鸣对《华夏时报》记者分 析，多只红利基金宣布限制大额申购政策，或与4月以来国际形势变化，投资者心态趋向避险有关，资 金从高波动资产撤出，进入相对稳健资产。而红利基金属于波动相对较低、收益相对稳定的资产，可能 会受到投资者的追捧。面对大额申购基金流入，基金公司会结合市场流动性以及投资策略的情况，采取 相应的限购措施来保护投资者利益。 多只红利联接基金"闭门谢客" 5月以来，有3只主动权益类红 ...

Group 1 - Multiple dividend-themed funds have imposed purchase limits, including the China Europe Dividend Preferred Mixed Fund, which has a limit of 500,000 yuan starting May 12 [1] - Over 300 listed companies have disclosed share repurchase plans since April, with a total upper limit exceeding 100 billion yuan, including both private and state-owned enterprises [1] - The technology bond market is attracting significant investment, with banks planning to issue themed financial products to support tech innovation [1] Group 2 - The convertible bond market is seeing an increase in strong redemption exits, with the proportion reaching nearly 70% this year, driven by a stable A-share market [2] - The Hong Kong IPO market is becoming a primary venue for Chinese companies to raise funds, with a significant year-on-year increase in equity financing [2] - The brain-computer interface industry is experiencing rapid policy support and investment, with a projected market growth from $40 billion to $145 billion by 2040 [3] Group 3 - Several cross-border photovoltaic companies are facing delisting risks, prompting a focus on clearing excess capacity in the industry [4] - International crude oil prices have rebounded, with Brent crude surpassing $66 per barrel, although future price increases may be limited due to OPEC+ production increases [4] - Jiangxi Province is implementing measures to address unfair contract terms in e-commerce and other sectors to protect consumer rights [4] Group 4 - Microsoft announced a layoff affecting about 6,000 employees, representing less than 3% of its workforce [5] - Neta Auto's associated company has filed for bankruptcy, indicating financial distress within the electric vehicle sector [5] - Weifeng Technology has completed multiple rounds of financing to accelerate innovation in the field of flight embodiment intelligence [6] Group 5 - Sanquan Foods plans to absorb and merge its subsidiary Zhengzhou Fast Kitchen to optimize resource allocation and improve operational efficiency [7] - Zongyi Co. intends to acquire control of Jilai Microelectronics, which is expected to constitute a significant asset restructuring [9] - Hainan Huatie plans to repurchase shares worth between 200 million and 300 million yuan to implement an employee stock ownership plan [10]

Group 1 - Starting from May 12, the China-Europe Dividend Preferred Mixed Fund has a purchase limit of 500,000 yuan [1] - In addition to actively managed equity funds, several dividend index funds have also announced purchase limits [1] - The funds with purchase limits include GF CSI National New Hong Kong Stock Connect Central Enterprise Dividend ETF Link, Huatai-PB CSI Dividend Low Volatility ETF Link, and Southern S&P China A-share Large Cap Dividend Low Volatility 50 ETF Link [1]

Core Viewpoint - The recent market volatility has led to a resurgence in the popularity of dividend assets, prompting several dividend-themed equity funds to announce subscription limits [1][2][4]. Group 1: Fund Subscription Limits - Multiple fund companies have announced the suspension of large subscriptions for their dividend-themed funds, with China Europe Fund limiting subscriptions to 500,000 yuan starting May 12, 2025, to ensure stable operation and protect the interests of fund shareholders [2][3]. - Western Li De Fund has also suspended subscriptions over 10 million yuan for its Central Enterprise Preferred Stock Fund, citing similar reasons for protecting fund holders' interests [4]. Group 2: Performance of Dividend Assets - The Central Enterprise Dividend Index has shown a 1.85% increase since the beginning of the second quarter, outperforming the Shanghai Composite Index and the CSI 300 Index, which increased by 1% and 0.09% respectively [4]. - Over the past year, the Central Enterprise Dividend Index has risen by 14.20%, significantly outperforming the broader market indices [5]. Group 3: Investment Opportunities - The total scale of dividend funds reached 251.367 billion yuan by the end of the first quarter, an increase of approximately 27 billion yuan from the previous quarter, marking a new high [5]. - The cost-effectiveness of dividend assets is currently at the 99th percentile of the past decade, indicating that they are among the most attractive investments in recent history [5]. - Recent monetary policy measures, including interest rate cuts, are expected to enhance the appeal of high-dividend assets, particularly in a low-interest-rate environment [5]. Group 4: Investment Strategies - For long-term holdings, the probability of dividend assets outperforming the CSI 300 and CSI 800 indices exceeds 70% after one year and approaches 90% after three to five years [6]. - Investment strategies suggest adjusting the amount of regular investments based on market conditions, such as reducing contributions during periods of excessive returns and increasing them during significant market corrections [6].

中国经济网北京4月30日讯今日，广发基金管理有限公司公告称，广发国证通信ETF(159507)、广发中证 云计算与大数据ETF(159527)、广发中证国新港股通央企红利ETF(520900)、广发中证半导体材料设备 ETF(560780)、广发国证通信ETF发起式联接(A类019236；C类019237)、广发中证半导体材料设备ETF 发起式联接(A类020639；C类020640)增聘基金经理吕鑫，霍华明离任广发中证云计算与大数据ETF，夏 浩洋离任广发国证通信ETF、广发中证半导体材料设备ETF、广发国证通信ETF发起式联接、广发中证 半导体材料设备ETF发起式联接。 吕鑫2016年7月至2022年12月在建信基金管理有限责任公司金融工程与指数投资部任助理研究员、基金 经理；2022年12月至2024年3月在大家资产管理有限责任公司权益投资部任高级股票投资经理；2024年3 月加入广发基金管理有限公司，曾任指数投资部量化研究员。 广发国证通信ETF成立于2023年6月8日，截至2025年4月29日，其今年来收益率为-9.78%，成立来收益 率为-0.12%，累计净值为0.9988元。 广发中证半导体材料 ...

在此前行情清淡时，发起式基金成为公募基金清冷市场里的"保成立"之选，但当下行情迅速升温之际，发起式基 金的成立逻辑悄然发生了变化，成为与时间赛跑的"快捷方式"。 不少基金公司在年内布局的发起式基金，成立后迅速提高仓位追上了行情的热潮，体现在净值端已经效果明显。 但值得注意的是，发起式基金也面临着宽进严出的约束。三年前集中成立的同类产品中，未能通过规模考核的基金 比比皆是，因此近期清盘的基金中，发起式产品占据了相当的比例。 多只发起式产品登场 日前，凯石基金公告，决定将凯石元鑫的募集截止日提前至2025年3月4日，即本基金2025年3月4日当日的有效认购 申请将全部予以确认，并自3月5日（含当日）起不再接受认购申请。两日后，该基金披露成立公告，作为一只发起 式产品，该基金的初始规模约为1061.38万元，均由凯石基金内部 从业人员认购。 年内，发起式基金再度担纲新发的主力。据Wind数据统计，截至3月8日，今年以来已有41只发起式基金成立（仅统 计初始份额），基金主题涉及多个热门板块。如1月份成立了兴证资管国企红利优选，2月份华宝创业板人工智能 ETF发起式联接、中欧信息科技和汇添富中证全指软件ETF发起式联接 ...