Core Viewpoint - The Invesco Great Wall Hong Kong Stock Connect Dividend Low Volatility ETF (159569) has shown a positive performance with a closing increase of 2.41% on February 24, 2024, and a trading volume of 74.30 million yuan [1]. Group 1: Fund Overview - The fund was established on August 14, 2024, and has an annual management fee of 0.50% and a custody fee of 0.08% [1]. - As of February 13, 2024, the fund's total shares stood at 331 million, with a total size of 472 million yuan, reflecting a 5.16% decrease in shares and a 1.14% increase in size since December 31, 2025 [1]. Group 2: Liquidity and Trading Activity - The cumulative trading amount over the last 20 trading days reached 1.159 billion yuan, with an average daily trading amount of 57.97 million yuan [1]. - Year-to-date, the cumulative trading amount for 31 trading days is 1.500 billion yuan, with an average daily trading amount of 48.40 million yuan [1]. Group 3: Fund Management and Performance - The current fund managers are Gong Lili and Wang Yang, with Gong Lili managing the fund since August 29, 2024, achieving a return of 48.54%, while Wang Yang has managed it since August 13, 2025, with a return of 5.74% [2]. - The fund's top holdings include COSCO Shipping Holdings, Orient Overseas International, Yanzhou Coal Mining, 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) experienced significant net redemptions recently, indicating a potential shift in investor sentiment towards this fund [1][2]. Group 1: Fund Performance - As of February 13, 2024, the fund's latest size is 472 million yuan, down from 484 million yuan the previous day, reflecting a net outflow of 4.25 million yuan, which is 0.88% of the previous day's size [1]. - Over the past five days, the fund faced net redemptions totaling 8.56 million yuan, ranking 46th out of 215 in cross-border ETF net outflows [1]. - Year-to-date, the fund's shares have decreased by 5.16%, while its size has increased by 1.14% compared to December 31, 2025 [2]. Group 2: Trading Activity - The fund recorded a cumulative trading amount of 1.103 billion yuan over the last 20 trading days, with an average daily trading amount of 55.17 million yuan [2]. - In the year-to-date period, the cumulative trading amount reached 1.426 billion yuan, with an average daily trading amount of 47.53 million yuan [2]. 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 47.76%, while Wang Yang has been managing it since August 13, 2025, with a return of 5.46% [2]. Group 4: Top Holdings - The fund's top holdings include COSCO Shipping Holdings (8.86%), Orient Overseas International (7.48%), Yanzhou Coal Mining (5.65%), and several others, with their respective holding percentages and market values detailed [2].

Core Viewpoint - The Invesco Great Wall National Index Hong Kong Stock Connect Dividend Low Volatility ETF (159569) experienced significant net redemptions, indicating a potential shift in investor sentiment towards this fund [1][2]. Group 1: Fund Performance - As of February 12, the fund had a net redemption of 4.31 million yuan, ranking 14th out of 215 in cross-border ETF net outflows [1]. - The fund's latest size was 484 million yuan, down from 488 million yuan the previous day, with a net outflow representing 0.88% of the prior day's size [1]. - Over the past five days, the fund faced net redemptions totaling 8.49 million yuan, ranking 47th in cross-border ETF net outflows [1]. - Year-to-date, the fund's share count decreased by 4.30%, while its size increased by 3.82% [2]. Group 2: Trading Activity - The fund recorded a cumulative trading volume of 1.06 billion yuan over the last 20 trading days, with an average daily trading amount of 52.99 million yuan [2]. - Year-to-date, the cumulative trading amount reached 1.358 billion yuan, averaging 46.83 million yuan per day over 29 trading days [2]. 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 50.19%, while Wang has managed it since August 13, 2025, with a return of 7.19% [2]. Group 4: Holdings - The fund's top holdings include COSCO Shipping Holdings, Orient Overseas International, Yanzhou Coal Mining, and China Shenhua Energy, with respective holding percentages of 8.86%, 7.48%, 5.65%, and 3.63% [2].

Core Viewpoint - The Invesco Great Wall National Index Hong Kong Stock Connect Dividend Low Volatility ETF (159569) experienced significant net redemptions recently, indicating a potential shift in investor sentiment towards this fund [1][2]. Fund Performance - As of February 6, 2024, the fund's latest size is 476 million yuan, down from 480 million yuan the previous day, reflecting a net outflow of 4.18 million yuan, which is 0.87% of the previous day's size [1]. - Over the past five days, the fund faced net redemptions totaling 8.32 million yuan, ranking 39th out of 214 in cross-border ETF net outflows [1]. - Year-to-date, the fund's share count decreased by 3.44% from 349 million shares to 337 million shares, while its size increased by 2.20% [2]. Trading Activity - The fund recorded a cumulative trading volume of 919 million yuan over the last 20 trading days, with an average daily trading amount of 45.96 million yuan [2]. - In the current year, the fund has seen a total trading volume of 1.068 billion yuan over 25 trading days, averaging 42.74 million yuan per day [2]. 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 46.69%, while Wang has managed it since August 13, 2025, with a return of 4.70% [2]. Top Holdings - The fund's top holdings include: - COSCO Shipping Holdings (8.86%) - Orient Overseas International (7.48%) - Yanzhou Coal Mining (5.65%) - Seaspan Corporation (4.52%) - Yancoal Australia (4.46%) - WH Group (3.76%) - China Shenhua Energy (3.63%) - Far East Horizon (3.39%) - CNOOC (3.27%) - Sinopec (3.26%) [2].

Core Viewpoint - The Invesco Great Wall National Index Hong Kong Stock Connect Dividend Low Volatility ETF (159569) experienced significant net redemptions recently, indicating a trend of outflows from this fund [1][2] Fund Performance - As of February 5, 2024, the fund's latest size is 480 million yuan, down from 482 million yuan the previous day, with a net outflow of 1.39 million yuan, representing 0.29% of the previous day's size [1] - Over the past five days, the fund faced net redemptions totaling 6.92 million yuan, ranking 40th out of 213 in cross-border ETF net outflows [1] - Year-to-date, the fund's shares decreased by 2.58%, while its size increased by 2.98% compared to December 31, 2023 [2] Liquidity Metrics - The cumulative trading volume over the last 20 trading days reached 871 million yuan, with an average daily trading amount of approximately 43.56 million yuan [2] - Year-to-date, the cumulative trading amount over 24 trading days is 997 million yuan, with an average daily trading amount of about 41.55 million yuan [2] 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 46.52%, while Wang has managed it since August 13, 2025, with a return of 4.58% [2] Top Holdings - The fund's major holdings include: - COSCO Shipping Holdings (8.86%) - Orient Overseas International (7.48%) - Yanzhou Coal Mining (5.65%) - Seaspan Corporation (4.52%) - Yancoal Australia (4.46%) - WH Group (3.76%) - China Shenhua Energy (3.63%) - Far East Horizon (3.39%) - CNOOC (3.27%) - Sinopec (3.26%) [2]

Group 1 - The Invesco Great Wall National Index Hong Kong Stock Connect Dividend Low Volatility ETF (159569) experienced a net redemption of 2.7415 million yuan on February 3, ranking 47th out of 212 in cross-border ETF net outflows [1] - The latest fund size is 471 million yuan, with a previous day's size of 470 million yuan, indicating a net outflow of 0.58% relative to the previous day's size [1] - Over the past 5 days, the fund faced a net redemption of 9.6882 million yuan, ranking 51st out of 212 in cross-border ETF net outflows [1] Group 2 - As of February 3, the fund's latest share count is 341 million shares, with a total size of 471 million yuan, showing a 2.29% decrease in shares and a 1.01% increase in size since December 31, 2025 [2] - The cumulative trading amount over the last 20 trading days is 723 million yuan, with an average daily trading amount of 36.1478 million yuan [2] - The current fund managers are Gong Lili and Wang Yang, with returns of 43.44% and 2.38% respectively during their management periods [2] Group 3 - The fund's top holdings include COSCO Shipping Holdings, Orient Overseas International, Yanzhou Coal Mining, and China Shenhua Energy, with respective holding percentages of 8.86%, 7.48%, 5.65%, and 3.63% [2] - The fund's management fee is 0.50% per annum, and the custody fee is 0.08% per annum [1] - The ETF tracks the Hong Kong Stock Connect Dividend Low Volatility Index (987016) [1]

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]