港股央企红利50ETF（520990）成立于2024年6月26日，基金全称为景顺长城中证国新港股通央企红利 交易型开放式指数证券投资基金，基金简称为景顺长城中证国新港股通央企红利ETF。该基金管理费率 每年0.50%，托管费率每年0.10%。港股央企红利50ETF（520990）业绩比较基准为中证国新港股通央企 红利指数收益率(使用估值汇率折算)。 规模方面，截止11月20日，港股央企红利50ETF（520990）最新份额为54.32亿份，最新规模为58.51亿 元。回顾2024年12月31日，港股央企红利50ETF（520990）份额为37.46亿份，规模为35.01亿元。即该 基金今年以来份额增加45.00%，规模增加67.11%。 流动性方面，截止11月21日，港股央企红利50ETF（520990）近20个交易日累计成交金额40.83亿元，日 均成交金额2.04亿元；今年以来，215个交易日，累计成交金额286.54亿元，日均成交金额1.33亿元。 港股央企红利50ETF（520990）现任基金经理为龚丽丽、汪洋。龚丽丽自2024年7月25日管理（或拟管 理）该基金，任职期内收益26.19%；汪洋自20 ...

规模方面，截止11月18日，港股央企红利50ETF（520990）最新份额为54.30亿份，最新规模为58.18亿 元。回顾2024年12月31日，港股央企红利50ETF（520990）份额为37.46亿份，规模为35.01亿元。即该 基金今年以来份额增加44.95%，规模增加66.17%。 来源：新浪基金∞工作室 11月19日，景顺长城中证国新港股通央企红利ETF（520990）收盘涨1.30%，成交额2.69亿元。 港股央企红利50ETF（520990）成立于2024年6月26日，基金全称为景顺长城中证国新港股通央企红利 交易型开放式指数证券投资基金，基金简称为景顺长城中证国新港股通央企红利ETF。该基金管理费率 每年0.50%，托管费率每年0.10%。港股央企红利50ETF（520990）业绩比较基准为中证国新港股通央企 红利指数收益率(使用估值汇率折算)。 最新定期报告显示，港股央企红利50ETF（520990）重仓股包括中国石油股份、中国移动、中国神华、 中国海洋石油、中远海控、中国石油化工股份、中国电信、中国联通、中煤能源、华润置地，持仓占比 如下。 股票代码股票名称持仓占比持仓股数（股）持仓市值 ...

Core Viewpoint - The issuance and inflow of dividend funds are increasing, reflecting a preference for stable equity assets among investors, with dividend funds expected to serve as a key entry point for conservative capital into the equity market [2][3]. Group 1: Fund Issuance and Inflow - Since the beginning of the fourth quarter, the scale of dividend funds has increased by 8 billion yuan, with 14 new products established [2]. - As of November 12, there has been a net subscription of 7.05 billion units for ETFs with "dividend" in their names, with the combined scale reaching 106.05 billion yuan, an increase of over 8 billion yuan from the end of the third quarter [3]. Group 2: Investor Preferences - Investors with lower risk tolerance are attracted to dividend strategies that focus on stable cash flow and continuous dividends, which can lower the psychological barrier for participating in the equity market [3]. - The demand for dividend funds is rising as they transition from being a supplementary option for "fixed income+" funds to becoming core assets capable of independently achieving return objectives [4]. Group 3: Institutional Demand - Institutions such as insurance and pension funds find dividend funds appealing due to their ability to match cash flow needs and control risks, as they offer a compounding effect and counter-cyclical attributes [4]. - The recent performance of the dividend sector has been positive, with the CSI Dividend Index rising over 6% as of November 13, benefiting from increased defensive demand amid market volatility [4]. Group 4: Future Investment Strategies - Investors are advised to maintain a balanced allocation, focusing on sectors with stable price increases, such as coal and solar energy, while also considering dividend assets for hedging against market fluctuations [5].

Core Viewpoint - The Invesco Great Wall CSI National New Hong Kong Stock Connect Central Enterprise Dividend ETF (520990) has shown significant growth in both share volume and fund size in 2024, indicating strong investor interest and performance [1][2]. Fund Overview - The fund was established on June 26, 2024, with a management fee of 0.50% and a custody fee of 0.10% [1]. - As of November 5, 2024, the fund's total shares reached 4.982 billion, with a total size of 5.261 billion yuan [1]. - Year-to-date, the fund's shares have increased by 32.99% and its size has grown by 50.25% [1]. Liquidity Analysis - Over the past 20 trading days, the ETF has accumulated a total trading volume of 2.843 billion yuan, averaging 142 million yuan per day [1]. - Since the beginning of the year, the total trading volume has reached 25.725 billion yuan, with an average daily trading volume of 126 million yuan [1]. Fund Management - The current fund managers are Gong Lili and Wang Yang, with returns of 22.52% and 8.40% respectively during their management periods [2]. Top Holdings - The ETF's major holdings include: - China Petroleum & Chemical Corporation (10.88%, 469 million yuan) - China Mobile Limited (10.33%, 445 million yuan) - China Shenhua Energy Company (9.72%, 419 million yuan) - CNOOC Limited (9.54%, 411 million yuan) - COSCO Shipping Holdings (8.43%, 364 million yuan) [3].

Group 1 - The report highlights that the recovery of PPI is expected to drive the recovery of EPS, which will be a new catalyst for the bull market, with listed companies' performance likely to improve in the coming years [1][12][11] - The current market phase provides a rare opportunity for long-term investors to accumulate dividend value, as short-term performance pressures have led to lower valuations [2][17] - The report emphasizes the significant dividend yield and low valuation characteristics of the Guoxin Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index, with a dividend yield of 5.9% compared to the overall Hong Kong market [3][25][26] Group 2 - The Guoxin Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index focuses on leading companies in the energy, communication, and coal sectors, which are characterized by high dividends and stable operations [4][28] - The long-term performance of the Guoxin Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index shows a cumulative return of 136% since early 2017, outperforming other indices [5][36] - The report indicates that the constituent stocks of the Guoxin Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index have demonstrated superior performance compared to the overall Hong Kong market, with a net profit growth rate significantly higher than the market average [6][42] Group 3 - The report introduces the Invesco Great Wall CSI Guoxin Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF, which aims to closely track the performance of the underlying index and provide investors with exposure to the dividend sector [7][49] - The fund is managed by Invesco Great Wall Fund Management Company, which has a substantial asset management scale and a team with extensive experience in the industry [50][52]

Core Viewpoint - The Invesco Great Wall CSI National New Hong Kong Stock Connect Central Enterprise Dividend ETF (520990) has shown significant growth in both share volume and fund size in 2024, indicating strong investor interest and performance in the market [1][2]. Fund Overview - The fund was established on June 26, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1]. - As of October 22, 2024, the fund's total shares stood at 4.792 billion, with a total size of 4.933 billion yuan [1]. - Year-to-date, the fund's shares have increased by 27.92%, and its size has grown by 40.89% compared to December 31, 2024 [1]. Liquidity Analysis - Over the last 20 trading days, the ETF has accumulated a total trading volume of 2.879 billion yuan, averaging 144 million yuan per day [1]. - Since the beginning of the year, the total trading volume has reached 24.485 billion yuan, with an average daily trading volume of 126 million yuan over 194 trading days [1]. Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong managing since July 25, 2024, achieving a return of 19.48%, while Wang has managed since July 15, 2025, with a return of 5.71% [2]. Top Holdings - The ETF's major holdings include China Mobile (10.83%), China Petroleum (10.55%), COSCO Shipping Holdings (9.66%), CNOOC (9.03%), China Shenhua Energy (8.09%), Sinopec (7.66%), China Telecom (4.85%), China Unicom (3.68%), China Merchants Bank (2.63%), and China Coal Energy (2.57%) [2][3].

Core Viewpoint - The Invesco Great Wall CSI National New Hong Kong Stock Connect Central Enterprise Dividend ETF (520990) has shown positive performance with a closing increase of 0.79% and a trading volume of 1.44 billion yuan on October 15, 2024 [1] Fund Overview - The fund was established on June 26, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of October 14, 2024, the fund's total shares stood at 4.590 billion, with a total size of 4.591 billion yuan, reflecting a year-to-date increase of 22.53% in shares and 31.12% in size compared to December 31, 2024 [1] Liquidity Analysis - Over the last 20 trading days, the cumulative trading amount reached 2.616 billion yuan, with an average daily trading amount of 131 million yuan [1] - Year-to-date, the cumulative trading amount for 188 trading days is 23.616 billion yuan, with an average daily trading amount of 126 million yuan [1] Fund Management - The current fund managers are Gong Lili and Wang Yang, with returns of 16.19% and 2.79% respectively during their management periods [2] Top Holdings - Major holdings include China Mobile (10.83%), China Petroleum (10.55%), COSCO Shipping Holdings (9.66%), and China National Offshore Oil Corporation (9.03%) among others, with their respective market values and share counts detailed [3]

Core Viewpoint - The Invesco Great Wall CSI National New Hong Kong Stock Connect Central Enterprise Dividend ETF (520990) has shown a decline of 0.50% in its closing price on October 13, with a trading volume of 267 million yuan Group 1: Fund Overview - The fund was established on June 26, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of October 10, 2024, the fund's total shares stood at 4.412 billion, with a total size of 4.422 billion yuan, reflecting a year-to-date increase of 17.78% in shares and 26.30% in size compared to December 31, 2024 [1] Group 2: Liquidity and Trading Activity - Over the past 20 trading days, the cumulative trading amount reached 2.478 billion yuan, with an average daily trading amount of 124 million yuan [1] - Since the beginning of the year, the cumulative trading amount over 186 trading days has been 23.255 billion yuan, with an average daily trading amount of 125 million yuan [1] Group 3: Fund Management and Performance - The current fund managers are Gong Lili and Wang Yang, with returns of 16.29% and 2.88% respectively during their management periods [2] - The fund's top holdings include China Mobile, China Petroleum, COSCO Shipping, CNOOC, China Shenhua, Sinopec, China Telecom, China Unicom, China Merchants Bank, and China Coal Energy, with varying holding percentages [2][3] Group 4: Top Holdings Breakdown - China Mobile: 10.83% holding, 4.94 billion yuan market value [3] - China Petroleum: 10.55% holding, 4.81 billion yuan market value [3] - COSCO Shipping: 9.66% holding, 4.40 billion yuan market value [3] - CNOOC: 9.03% holding, 4.12 billion yuan market value [3] - China Shenhua: 8.09% holding, 3.69 billion yuan market value [3] - Sinopec: 7.66% holding, 3.49 billion yuan market value [3] - China Telecom: 4.85% holding, 2.21 billion yuan market value [3] - China Unicom: 3.68% holding, 1.68 billion yuan market value [3] - China Merchants Bank: 2.63% holding, 1.20 billion yuan market value [3] - China Coal Energy: 2.57% holding, 1.17 billion yuan market value [3]

Core Viewpoint - The Invesco Great Wall CSI National New Hong Kong Stock Connect Central Enterprise Dividend ETF (520990) has shown positive performance with a closing increase of 1.82% and a trading volume of 102 million yuan on October 9, 2024 [1] Fund Overview - The fund was established on June 26, 2024, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of September 30, 2024, the fund's total shares stood at 4.371 billion, with a total size of 4.311 billion yuan, reflecting a year-to-date increase of 16.68% in shares and 23.11% in size compared to December 31, 2024 [1] Liquidity Analysis - Over the last 20 trading days, the ETF has accumulated a trading amount of 2.256 billion yuan, averaging 113 million yuan per day; since the beginning of the year, the total trading amount has reached 22.881 billion yuan, with an average daily trading amount of 124 million yuan [1] Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong managing since July 25, 2024, achieving a return of 14.42%, while Wang has managed since July 15, 2025, with a return of 1.23% [2] Top Holdings - The ETF's top holdings include China Mobile (10.83%), China Petroleum (10.55%), COSCO Shipping Holdings (9.66%), CNOOC (9.03%), China Shenhua (8.09%), Sinopec (7.66%), China Telecom (4.85%), China Unicom (3.68%), China Merchants Bank (2.63%), and China Coal Energy (2.57%) [2][3]

Group 1 - The core viewpoint highlights the increasing attractiveness of Hong Kong dividend assets, particularly in the context of heightened market volatility, showcasing strong performance and long-term allocation value [1] - From a configuration perspective, Hong Kong dividend assets demonstrate remarkable resilience during market fluctuations, with the Hang Seng High Dividend Yield Index achieving a cumulative increase of 27.1% from the beginning of the year to September 18, despite a maximum drawdown of only 12.6%, significantly lower than that of the Hang Seng Index and Hang Seng Tech [1] - Policy measures are enhancing the appeal of dividend assets, with increased dividend payouts from A-share listed companies and supportive government policies, such as the "New National Nine Articles," which emphasize constraints on companies with weak dividend intentions [1] Group 2 - The continuous release of medium to long-term capital allocation demand, particularly from insurance funds, is expected to bring stable inflows into dividend assets, with insurance capital accelerating its layout in the Hong Kong market, having made 20 stake acquisitions in 2024 [2] - The dividend yield of Hong Kong dividend assets is significantly higher than that of A-shares, with the Hang Seng High Dividend Index yielding 6.14% compared to the CSI Dividend Index's 4.86%, indicating superior actual returns even after considering dividend taxes [2] - The Guoxin Hong Kong Stock Connect Central State-Owned Enterprise Dividend ETF tracks the CSI Guoxin Hong Kong Stock Connect Central State-Owned Enterprise Dividend Index, which selects stable dividend-paying central state-owned enterprises, reflecting the overall performance of high dividend yield central enterprises within the Hong Kong Stock Connect [2] Group 3 - Since 2020, the cumulative return of the Guoxin Hong Kong Stock Connect Central State-Owned Enterprise Dividend ETF has reached 37.2%, outperforming core broad-based indices of A/H shares and similar products [3] - The ETF's constituent stocks are concentrated in resource-based industries, such as oil and petrochemicals, telecommunications, and transportation, with a lower proportion in financial and real estate sectors, highlighting its differentiated allocation value [3] - Overall, the Guoxin Hong Kong Stock Connect Central State-Owned Enterprise Dividend ETF presents higher return potential and relatively low-risk characteristics, with a circulation scale reaching 4.92 billion yuan in recent months, indicating market recognition and interest [3]