Core Viewpoint - The Invesco Great Wall CSI Hong Kong Stock Connect Dividend Low Volatility ETF (159569) has shown stable performance with a slight increase in scale and consistent trading activity since its inception in August 2024 [1][2]. Fund Overview - The fund was established on August 14, 2024, with an annual management fee of 0.50% and a custody fee of 0.08% [1]. - As of January 14, 2025, the fund's total shares stood at 349 million, with a total scale of 471 million yuan, reflecting a 1.10% increase in scale since the end of December 2024 [1]. Trading Activity - The ETF recorded a total trading volume of 553 million yuan over the last 20 trading days, averaging 27.67 million yuan per day [1]. - Year-to-date, the ETF has seen a total trading volume of 298 million yuan over 9 trading days, with an average daily trading volume of 33.17 million yuan [1]. Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong Lili managing the fund since August 29, 2024, achieving a return of 40.03%, while Wang Yang has managed it since August 13, 2025, with a return of -0.32% [2]. Top Holdings - The ETF's major holdings include: - Orient Overseas International: 9.08% of the portfolio - China COSCO Shipping: 6.30% - Yanzhou Coal Mining: 6.13% - Seaspan Corporation: 5.16% - Yancoal Australia: 4.92% - China Hongqiao: 4.51% - China Shenhua Energy: 3.47% - CNOOC: 3.25% - Anhui Conch Cement: 3.15% - Sinopec: 3.01% [2][3].

Core Viewpoint - The Invesco Great Wall Hong Kong Stock Connect Dividend Low Volatility ETF (159569) has shown stable performance with no change in share count or fund size year-to-date, indicating a steady investment environment [1]. Fund Overview - The fund was established on August 14, 2024, with a management fee of 0.50% and a custody fee of 0.08% [1]. - As of December 31, the fund's total shares stood at 349 million, with a total size of 466 million yuan [1]. - The fund's performance benchmark is the National Index Hong Kong Stock Connect Dividend Low Volatility Index [1]. Liquidity Analysis - As of January 5, the ETF recorded a trading volume of 36.31 million yuan, with an average daily trading amount of 27.52 million yuan over the last 20 trading days [1]. Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong Lili managing since August 29, 2024, achieving a return of 39.29%, while Wang Yang has managed since August 13, 2025, with a return of -0.85% [2]. Top Holdings - The ETF's major holdings include: - Orient Overseas International: 9.08% [3] - China COSCO Shipping: 6.30% [3] - Yanzhou Coal Mining: 6.13% [3] - Seaspan Corporation: 5.16% [3] - Yancoal Australia: 4.92% [3] - China Hongqiao Group: 4.51% [3] - China Shenhua Energy: 3.47% [3] - CNOOC: 3.25% [3] - Anhui Conch Cement: 3.15% [3] - Sinopec: 3.01% [3]

Core Insights - The Invesco Great Wall National Index Hong Kong Stock Connect Dividend Low Volatility ETF (159569) has seen significant net subscriptions, indicating strong investor interest and confidence in the fund's performance [1][2]. Fund Performance - As of December 1, 2024, the fund's latest size is 434 million yuan, up from 417 million yuan the previous day, reflecting a net inflow of 14.0653 million yuan, which is 3.37% of the previous day's size [1][2]. - Over the past five days, the fund has received a net subscription of 21.084 million yuan, ranking 36th out of 198 in cross-border ETF net inflows [1][2]. - Year-to-date, the fund's shares have increased by 172.34%, and its size has grown by 235.77% compared to December 31, 2024, when the fund had 113 million shares and a size of 129 million yuan [2]. Liquidity and Trading Activity - The fund has recorded a total trading volume of 892 million yuan over the last 20 trading days, with an average daily trading amount of 44.5896 million yuan [2]. - Since the beginning of the year, the cumulative trading amount has reached 8.828 billion yuan, with an average daily trading amount of 39.9448 million yuan over 221 trading days [2]. Fund Management - The current fund managers are Gong Lili and Wang Yang, with returns of 43.58% and 2.48% respectively during their management periods [3]. - The fund's top holdings include major companies such as Orient Overseas International, COSCO Shipping Holdings, and Yanzhou Coal Mining, with significant percentages of the fund's total assets allocated to these stocks [3]. Fund Structure - The fund was established on August 14, 2024, with a management fee of 0.50% and a custody fee of 0.08% [2]. - The ETF tracks the Hong Kong Stock Connect Dividend Low Volatility Index (987016) [2].

Core Viewpoint - The market is experiencing an upward trend with the Shanghai Composite Index breaking a 10-year high at 4030.40 points, leading to discussions on whether investors should switch sectors as the year-end approaches [1] Market Trends - The market is currently in a policy vacuum period, with strong sectors like semiconductors, AI, and chips showing lackluster performance recently [1] - Historical patterns indicate that value stocks such as banks, non-bank financials, and food and beverage sectors have a win rate exceeding 70% during the year-end period (November-December) [3] - The banking sector saw a 9.36% increase in December 2024, while technology sectors like computers and electronics gained a 15% increase in January 2023 [3] Sector Performance - The Consumer sector, particularly the liquor segment, has shown strong performance despite pressure from fundamentals after the third-quarter reports [1] - The China Securities Dividend Index tends to perform well before year-end, indicating a potential shift in market focus [1] Investment Strategies - Two key investment tracks are highlighted: 1. **Cyclical Recovery in Undervalued Industries**: Traditional industries are seeing improvements in supply-demand dynamics, with sectors like white goods, engineering machinery, and commercial vehicles being identified as having global competitive advantages [6] 2. **Defensive High-Dividend Strategies**: High-dividend assets are viewed as a stabilizing force in investment portfolios, particularly in uncertain market conditions [10] Fund Performance - The China Securities Major Consumer Index has nearly doubled in size since 2023, with the Huatai-PineBridge China Securities Major Consumer ETF leading with a scale exceeding 20 billion [7] - The demand for long-term dividend investments remains strong, driven by the ongoing asset shortage in the banking sector [11] Index and Fund Recommendations - The S&P Hong Kong Stock Connect Low Volatility Dividend Index and the Hang Seng High Dividend Low Volatility Index are recommended for investors seeking stable growth and risk diversification [12][13]

Core Viewpoint - The Invesco Great Wall National Index Hong Kong Stock Connect Dividend Low Volatility ETF (159569) has shown significant growth in both share count and total assets since its inception, indicating strong investor interest and performance in the Hong Kong market [1][2]. Fund Overview - The fund was established on August 14, 2024, with a management fee of 0.50% and a custody fee of 0.08% [1]. - As of October 30, 2024, the fund's total shares stood at 240 million, with a total asset size of 335 million yuan [1]. - Year-to-date, the fund's shares have increased by 112.24%, and its total assets have grown by 158.98% compared to December 31, 2024 [1]. Liquidity Analysis - Over the last 20 trading days, the ETF has recorded a cumulative trading volume of 859 million yuan, averaging 42.95 million yuan per day [1]. - For the year, the cumulative trading volume over 200 trading days reached 7.89 billion yuan, with an average daily trading volume of 39.45 million yuan [1]. Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong Lili managing the fund since August 29, 2024, achieving a return of 41.22% during her tenure [2]. - Wang Yang has been managing the fund since August 13, 2025, with a return of 0.52% [2]. Top Holdings - The ETF's top holdings include: - Orient Overseas International: 9.08% [3] - China COSCO Shipping: 6.30% [3] - Yanzhou Coal Mining: 6.13% [3] - Seaspan Corporation: 5.16% [3] - Yancoal Australia: 4.92% [3] - China Hongqiao Group: 4.51% [3] - China Shenhua Energy: 3.47% [3] - CNOOC: 3.25% [3] - Anhui Conch Cement: 3.15% [3] - Sinopec: 3.01% [3]

Core Viewpoint - The Invesco Great Wall National Index Hong Kong Stock Connect Dividend Low Volatility ETF (159569) has shown significant growth in both share count and total assets in 2024, indicating strong investor interest and performance in the low volatility dividend sector [1][2]. Group 1: Fund Performance - As of October 20, 2024, the ETF's share count reached 248 million, with a total asset size of 338 million yuan, reflecting a 119.31% increase in shares and a 161.65% increase in assets year-to-date [1]. - The fund's management fee is set at 0.50% annually, while the custody fee is 0.08% annually [1]. Group 2: Trading Activity - The ETF recorded a cumulative trading volume of 794 million yuan over the last 20 trading days, averaging 39.71 million yuan per day [1]. - Year-to-date, the ETF has seen a total trading volume of 7.564 billion yuan, with an average daily trading amount of 39.40 million yuan across 192 trading days [1]. Group 3: Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong managing the fund since August 29, 2024, achieving a return of 37.56%, while Wang has managed it since August 13, 2025, with a return of -2.08% [2]. - The ETF's top holdings include Orient Overseas International, COSCO Shipping Holdings, Yancoal Australia, and others, with significant weightings in the portfolio [2][3].

Core Viewpoint - The Invesco Great Wall National Index Hong Kong Stock Connect Dividend Low Volatility ETF (159569) has shown significant growth in both share count and total assets in 2024, despite a recent decline in trading performance [1][2]. Fund Overview - The fund was established on August 14, 2024, with an annual management fee of 0.50% and a custody fee of 0.08% [1]. - As of October 16, 2024, the fund's share count was 248 million, with a total asset size of 339 million yuan [1]. - Year-to-date, the fund's share count has increased by 119.31% and total assets have grown by 161.80% compared to December 31, 2024 [1]. Trading Activity - The fund recorded a trading volume of 528.25 million yuan on October 17, 2024, with a recent decline of 1.32% in closing price [1]. - Over the past 20 trading days, the cumulative trading amount reached 767 million yuan, averaging 38.34 million yuan per day [1]. - Year-to-date, the total trading amount has been 7.47 billion yuan, with an average daily trading amount of 39.32 million yuan [1]. Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong Lili managing the fund since August 29, 2024, achieving a return of 36.94% during her tenure [2]. - Wang Yang has managed the fund since August 13, 2025, with a return of -2.52% [2]. Top Holdings - The fund's top holdings include: - Orient Overseas International: 9.65% [3] - China COSCO Shipping: 7.14% [3] - Yancoal Australia: 5.43% [3] - Yanzhou Coal Mining: 4.73% [3] - Seaspan Corporation: 4.36% [3] - China Hongqiao Group: 3.10% [3] - Sinopec: 3.08% [3] - CNOOC: 3.03% [3] - Minsheng Bank: 3.01% [3] - China Everbright Bank: 3.01% [3]

Core Viewpoint - The Invesco Great Wall National Index Hong Kong Stock Connect Dividend Low Volatility ETF (159569) has shown significant growth in both share volume and fund size in 2024, indicating strong investor interest and performance [1][2]. Fund Performance - As of October 14, 2024, the ETF's share volume reached 251 million, with a total fund size of 333 million yuan, reflecting a year-to-date increase of 121.96% in share volume and 157.68% in fund size compared to December 31, 2023 [1]. - The ETF's management fee is set at 0.50% annually, while the custody fee is 0.08% annually [1]. Trading Activity - The ETF recorded a total trading volume of 709 million yuan over the last 20 trading days, averaging 35.47 million yuan per day. Year-to-date, the total trading volume reached 7.352 billion yuan, with an average daily trading volume of 39.11 million yuan [1]. Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong Lili managing the fund since August 29, 2024, achieving a return of 35.04%, while Wang Yang has managed it since August 13, 2025, with a return of -3.88% [2]. Top Holdings - The ETF's top holdings include: - Orient Overseas International: 9.65% of the portfolio - China COSCO Shipping: 7.14% - Yancoal Australia: 5.43% - Yanzhou Coal Mining: 4.73% - Seaspan Corporation: 4.36% - China Hongqiao Group: 3.10% - Sinopec: 3.08% - CNOOC: 3.03% - Minsheng Bank: 3.01% - China Everbright Bank: 3.01% [2][3].

Core Viewpoint - The Invesco Great Wall CSI Hong Kong Stock Connect Dividend Low Volatility ETF (159569) has experienced significant growth in both share count and total assets since its inception, despite a recent decline in share price [1][2]. Group 1: Fund Performance - As of September 22, 2024, the ETF closed down 2.29% with a trading volume of 37.53 million yuan [1]. - The fund's share count increased by 112.24% from 1.13 million shares at the end of 2024 to 2.40 million shares as of September 19, 2024 [1]. - The total asset size grew by 151.37%, from 129 million yuan to 325 million yuan during the same period [1]. Group 2: Liquidity - Over the last 20 trading days, the ETF recorded a cumulative trading amount of 643 million yuan, averaging 32.14 million yuan per day [1]. - Year-to-date, the ETF has seen a total trading volume of 6.96 billion yuan, with an average daily trading amount of 39.32 million yuan across 177 trading days [1]. Group 3: Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong Lili managing the fund since August 29, 2024, achieving a return of 38.39% during her tenure [2]. - Wang Yang has been managing the fund since August 13, 2025, with a return of -1.49% during his management period [2]. Group 4: Top Holdings - The ETF's top holdings include Orient Overseas International (9.65%), COSCO Shipping Holdings (7.14%), Yancoal Australia (5.43%), and others, with significant positions in major companies such as China Petroleum & Chemical Corporation and China Minmetals Corporation [3].

Core Viewpoint - The Invesco Great Wall National Index Hong Kong Stock Connect Dividend Low Volatility ETF (159569) has shown significant growth in both share volume and fund size since its inception, indicating strong investor interest and market performance [1][2]. Fund Performance - As of September 19, 2024, the ETF closed with a gain of 1.50% and a trading volume of 41.06 million yuan [1]. - The fund was established on August 14, 2024, with a management fee of 0.50% and a custody fee of 0.08% [1]. - The latest share count is 240 million, with a total fund size of 322 million yuan, reflecting a 112.24% increase in shares and a 149.02% increase in size since December 31, 2024 [1]. Liquidity - Over the past 20 trading days, the ETF has accumulated a trading volume of 639 million yuan, averaging 31.97 million yuan per day [1]. - Year-to-date, the ETF has seen a total trading volume of 6.922 billion yuan, with an average daily trading volume of 39.33 million yuan over 176 trading days [1]. Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong Lili managing since August 29, 2024, achieving a return of 39.00%, while Wang Yang has managed since August 13, 2025, with a return of -1.05% [2]. Top Holdings - The ETF's top holdings include: - Orient Overseas International: 9.65% [3] - China COSCO Shipping: 7.14% [3] - Yancoal Australia: 5.43% [3] - Yanzhou Coal Mining: 4.73% [3] - Seaspan Corporation: 4.36% [3] - China Hongqiao Group: 3.10% [3] - Sinopec: 3.08% [3] - CNOOC: 3.03% [3] - Minsheng Bank: 3.01% [3] - China Everbright Bank: 3.01% [3]