| 重合持股 (2025-03-31) | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 股票名称 | 持仓市值(元) | 持仓数量 | 相对上期增减 | 占股票市值比 | 占基金净值比 | 占流通股本比 | | 成都银行 | 416,833,623.09 | 24,248,611 | 16.17% | 2.82%T | 2.81%1 | 0.57% | | 雅戈尔 | 378,143,123.B8 | 45.857.884 | 9.85% | 2.56%- | 2.54% | 1.01% | | 示机器行 | 376.409.462.40 | 17,426,364 | 118 | 2.55% | 2.53% | 0.08% | | 沪农商行 | 375.117,354.00 | 44,978,100 | 9.53% | 2.54% | 2.52% | 0.48% | | 南钢股份 1 | 369,174,793.00 | 80.081.300 | 9.53% | 2.50% | 2.48%4 | 1.30% | | 四川路桥 | 368, ...

中国银河证券认为，本次修订有望进一步推动人民币国际化，助力银行跨境业务发展。本次业务规则的 修订具有必要性和前瞻性。对于银行类CIPS直接参与者，规则优化有助拓展银行参与跨境人民币支付 与金融市场业务空间，完善国际业务布局，同时，也能够为实体企业走出去提供更加高效的跨境金融服 务。华西证券则表示，市场轮动格局未有明显改变，银行指数即便已经大幅上涨，但整体的市净率水平 依然处于偏低的分位数，截至2025年6月25日，银行指数的市净率0.6，是近10年市净率水平的32%分 位，仍处于相对偏低的水平，而在监管推动长期资金入市的背景下，银行板块的收益特征会吸引中长期 资金的配置。 华泰柏瑞红利低波动ETF成立于2018-12-19，业绩比较基准：中证红利低波动指数收益率，基金经理柳 军。最新定期报告显示，红利低波ETF（512890）重仓股包括成都银行、雅戈尔、兴业银行、沪农商 行、南钢股份、四川路桥、大秦铁路、上海银行、建发股份、苏泊尔，持仓占比如下： | 重合持股 (2025-03-31) | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 股票 ...

Group 1 - Goldman Sachs reports that the cash returns to shareholders from Chinese listed companies are expected to reach a historical high in 2024, driven by the new "National Nine Articles" policy, strong cash flow, and ample cash reserves [1] - The total cash dividends from onshore and offshore listed companies in China may reach 3 trillion RMB in 2025, setting a new record [1] - The low-volatility dividend index constituents are projected to distribute a total cash dividend of 520.5 billion RMB in 2025, accounting for nearly 40% of all A-share cash dividends [1] Group 2 - The Low-Volatility Dividend ETF (512890) has attracted over 2 billion RMB in net inflows over 26 trading days, making it the only dividend-themed ETF to achieve such inflows during this period [1] - As of July 8, 2025, the fund size of the Low-Volatility Dividend ETF reached 19.974 billion RMB, approaching the 20 billion RMB mark [1] - The Low-Volatility Dividend ETF has consistently delivered positive returns every full year since its inception, ranking first among similar funds over the past five years [1][2] Group 3 - The Low-Volatility Dividend ETF (512890) is one of the few hundred billion-level dividend-themed ETFs in the A-share market, with a total of 829,800 account holders, making it highly favored among retail dividend investors [2] - The fund has achieved over 20 cumulative dividend distributions and has maintained monthly dividends for 22 consecutive months as of July 8, 2025 [2] - Huatai-PB has developed a range of dividend-themed ETFs, managing a total of 41.83 billion RMB across its dividend-themed ETFs as of July 8, 2025 [2]

近期，受益于银行股等高股息风格个股的持续上涨，红利类资产普遍表现强势。截至上周五收盘 （7/4），红利低波指数创下基日（05/12/30）以来新高，近五年（2020/7/4-2025/7/4）年化涨幅8.43%， 历史长期表现跑赢同期红利低波100指数（6.34%）与标普港股通低波红利指数（6.14%）。 从近一周（6/30-7/4）资金流向看，红利低波ETF（512890）作为市场首只追踪红利低波指数的ETF，已 成为资金布局高股息资产的焦点之一。Wind数据显示，6月30日至7月4日，红利低波ETF（512890）5个 交易日中4日实现净申购，累计吸引6.99亿元资金，是同期全市场仅有的净流入超6亿元的红利类主题 ETF。 在标的指数"红利+低波"因子强强联合下，红利低波ETF（512890）在过往6个完整年度（2019-2024 年）中均彰显出了较为出色的业绩韧性与抗风险能力，是当前市场仅有的、自成立以来年年实现正收益 的权益类ETF。成份股较高的分红水平或同样进一步赋予红利低波ETF（512890）在低利率+资产荒环 境中对中长期资金的配置吸引力。 没有股票账户的场外投资者，可以关注红利低波ETF（5 ...

持有体验方面，华泰柏瑞中证红利低波ETF联接也是目前A股市场仅有的累计分红次数超20次的ETF联 接基金，截至2025年6月30日已连续21个月实现每月分红。其Y份额（022951）更是首批纳入个人养老 金可投范围的指数基金，2025年3月31日更是成为首个规模超过1亿元的"指数Y"。 7月1日早盘，全市场过半股指震荡调整，具备一定防御属性的红利风格则展现出较强韧性，以红利低波 指数为代表的红利类指数早盘表现普遍强势。Wind数据显示，截至6月30日收盘，红利低波ETF （512890）的标的指数红利低波指数点位仍然处于基日（2005/12/30）以来的历史高位区间，近五年 （2020/6/30-2025/6/30）年化涨幅9.47%，跑赢红利低波100指数、标普港股通低波红利指数近五年 7.43%、6.49%的年化涨幅。 标的指数靓丽的历史表现，带动市场首只追踪红利低波指数的ETF——红利低波ETF（512890）吸引力 持续提升。据Wind数据，自6月16日以来，红利低波ETF（512890）已连续两周获得资金周度净流入， 累计吸金10.20亿元。 6月，在连续两周（6/16-6/30）实现周度基金份额与 ...

Group 1 - The market has returned to a volatile pattern, but the dividend low volatility index, represented by the dividend low volatility ETF (512890), shows strong resilience [1] - As of June 26, 2025, the dividend low volatility ETF (512890) has achieved a cumulative increase of 10.43% over the past year and an annualized return of 9.71% over the past five years, outperforming other indices [1] - The dividend low volatility ETF (512890) has consistently generated positive returns annually since its establishment at the end of 2018, making it a unique performer in the A-share market [1] Group 2 - A total of 350 A-share companies are expected to distribute dividends amounting to 205 billion yuan this week, indicating a peak period for dividend distributions [2] - The dividend low volatility ETF (512890) has seen significant inflows, with a total of 1.382 billion yuan accumulated in 18 trading days, leading to a fund size increase of 2.143 billion yuan [1][2] - The fund has reached a historical high in size of 19.094 billion yuan as of June 26, 2025, following seven consecutive trading days of growth [1] Group 3 - Huatai-PineBridge has developed a range of dividend-themed ETFs, including the first dividend ETF (510880) and the first QDII mode ETF for high dividends in Hong Kong stocks (513530), managing a total of 41.6 billion yuan in assets [3] - The Huatai-PineBridge dividend low volatility ETF connection fund has over 829,800 holders, making it one of the most favored dividend-themed index funds among retail investors [2][3]

Group 1 - The core viewpoint of the articles highlights the acceleration of long-term capital entering the market due to regulatory measures and the favorable low-interest-rate environment, which is expected to enhance the maturity of the "long money long investment" market ecology in A-shares [1][2] - Since the beginning of the year (January 1 to June 24), a total of 17.8 billion yuan has flowed into dividend-themed ETFs, indicating strong investor interest in high-dividend assets [1] - The Hongli Low Volatility ETF (512890) has attracted 3.978 billion yuan in inflows and has become a key target for capital allocation, with significant daily net inflows recorded [1][2] Group 2 - The Hongli Low Volatility ETF (512890) has reached a new scale high of 18.804 billion yuan as of June 24, reflecting its popularity among investors [2] - The ETF has demonstrated strong defensive attributes, making it appealing to risk-averse investors, and has achieved positive returns every year since its inception in 2018 [2] - The associated connection funds for the Hongli Low Volatility ETF have gained significant traction, with 829,800 holders as of the end of 2024, making it one of the most favored dividend index funds among retail investors [2] Group 3 - The Huatai-PineBridge Zhongzheng Hongli Low Volatility ETF connection fund has distributed dividends for 21 consecutive months, showcasing its reliability in providing returns to investors [3] - Huatai-PineBridge has developed a diverse range of "dividend family" products, including the first dividend-themed ETF and a QDII model ETF, with total management scale exceeding 41.4 billion yuan as of June 24 [3]

Group 1 - The A-share market has experienced wide fluctuations since early 2025, but the banking sector has led the gains among 31 Shenwan primary industries, with a rise of 31% in the past six months, attracting significant capital inflow into dividend low-volatility indices [1] - The Dividend Low-Volatility ETF (512890) has seen a net inflow of 742 million yuan over four consecutive trading days since June 18, making it the only dividend-themed ETF to exceed 700 million yuan in net inflow during this period, with its fund size reaching a new high of 18.5 billion yuan on June 23 [1] - The Dividend Low-Volatility Index, which includes 50 stocks with good liquidity, continuous dividends, high dividend yields, and low volatility, has a banking sector weight of 49.16% as of June 23 [1] Group 2 - The State Council meeting on June 13 emphasized increasing macro policy adjustments, which is expected to alleviate concerns about the asset quality of banks, while new regulations from the banking regulatory authority on June 20 aim to enhance the operational resilience of banks [2] - The Dividend Low-Volatility Index reached a new high since its base date (December 30, 2005) on June 23, with an annualized return of 13.85%, making the Dividend Low-Volatility ETF (512890) an attractive option for risk-averse investors [2] - The connecting funds for the Dividend Low-Volatility ETF (512890) have attracted 829,800 holders as of the end of 2024, making it the only dividend-themed index fund with over 800,000 holders in the market [2] Group 3 - Huatai-PineBridge has launched a range of dividend-themed ETFs, including the first dividend ETF (510880) and the first QDII mode ETF for high-dividend Hong Kong stocks (513530), with the total management scale of its dividend-themed ETFs exceeding 41.3 billion yuan as of June 23 [3]

上周（6/16-6/20）市场震荡下行，海外地缘局势的反复扰动压制短期资金风险偏好，带动防御属性突出 的红利策略持续升温，相关红利类主题ETF也在上周展现出较为强劲的吸金能力。 除了红利低波ETF（512890），华泰柏瑞基金还一手打造了包括首只红利主题ETF——红利ETF （510880）、首只通过QDII模式投资港股通高股息（CNY）的港股通红利ETF（513530）在内的5只策 略类型丰富的"红利全家桶"。交易所数据显示，截至6月20日，华泰柏瑞旗下红利类主题ETF管理规模 突破410亿元。 风险提示：基金有风险，投资需谨慎。 MACD金叉信号形成，这些股涨势不错！ 得益于"高股息+低波动"双因子的强强联合，红利低波ETF（512890）标的指数红利低波自基日 （2005/12/30）以来持续彰显出良好的行情适应能力，即使面对上周A股市场的反复调整，截至6月20 日，指数点位同样已缓慢攀升至仅次于2025年6月4日的历史次高点，区间年化涨幅达13.82%，带动红 利低波ETF（512890）吸引力逐渐增强。 据悉，红利低波ETF（512890）是市场首只追踪红利低波指数的ETF，标的指数汇聚50只连续分 ...

6月19日，市场延续震荡回调态势，得益于成份股相对稳健的基本面与良好的防御属性，红利类指数普 遍跌幅相对较浅，部分红利类主题ETF关注度有所提升，不断吸引资金逆市布局。 （文章来源：每日经济新闻） 此外，红利低波ETF（512890）的联接基金（包括A类007466，C类007467，I类022678，Y类022951） 也深受场外投资者青睐。最新基金年报数据显示，截至2024年底，其联接基金持有人户数82.98万户， 是同期市场仅有的持有人户数超80万户的红利主题指数基金。 持有体验方面，截至6月16日，红利低波ETF（512890）的联接基金已连续21个月实现每月分红，其Y份 额（022951）更是首批纳入个人养老金可投范围的指数基金，2025年3月31日更是成为首个规模超过1亿 元的"指数Y"。 作为国内首批ETF管理人之一，华泰柏瑞基金在红利指数投资领域拥有超过18年的管理经验，早在2006 年就开始了前瞻布局，一手打造了包括首只红利主题ETF——红利ETF（510880）、首只通过QDII模式 投资港股通高股息（CNY）的港股通红利ETF（513530）在内的5只策略类型丰富的"红利全家桶"。交 易 ...