As of the close on April 13, 2026, the Dividend Low Volatility ETF Tianhong (159549) had a transaction volume of 6.6686 million yuan. The tracked CSI Dividend Low Volatility 100 Index (930955) fell by 0.42%. In terms of constituent stocks, there were mixed performances, with Guanghui Energy leading with a rise of 3.67%, followed by Shuanghui Development up 2.04%, and Shaanxi Energy up 2.02%.
As of April 13, the Dividend Low Volatility ETF Tianhong (159549) saw a scale increase of 38.9516 million yuan over the past week, with a share increase of 52 million shares, achieving significant growth.
In terms of capital inflow, the Dividend Low Volatility ETF Tianhong (159549) attracted a total of 148 million yuan over the last 10 trading days.
The Hong Kong Stock Central SOEs Dividend ETF Tianhong (159281) had a turnover rate of 5.67%, with a transaction volume of 23.0772 million yuan. The tracked CSI Hong Kong Connect China Central-SOEs Dividend Index (931233) fell by 0.34%. In terms of constituent stocks, performances were mixed, with China National Building Material leading, followed by China Coal Energy and China Petroleum &amp; Chemical Corporation with notable gains.
As of April 13, the Hong Kong Stock Central SOEs Dividend ETF Tianhong (159281) saw a scale increase of 8.2876 million yuan over the past two weeks, with a share increase of 2 million shares, achieving significant growth.
In terms of capital inflow, the Hong Kong Stock Central SOEs Dividend ETF Tianhong (159281) attracted a total of 76.4821 million yuan over the last 21 trading days.
【Product Highlights】
The Dividend Low Volatility ETF Tianhong (159549) closely tracks the CSI Dividend Low Volatility 100 Index, which selects 100 stocks from the Shanghai and Shenzhen A-shares that have good liquidity, continuous dividends, high dividend yields, and low volatility as index sample stocks, using a dividend yield/volatility weighting to reflect the overall performance of high dividend yield and low volatility stocks in the A-share market.
Focusing on the &#34;low valuation + high dividend&#34; investment logic, the Hong Kong Stock Central SOEs Dividend ETF Tianhong (159281) closely tracks the CSI Hong Kong Connect China Central-SOEs Dividend Index, primarily covering sectors with stable cash flows such as finance, energy, public utilities, and transportation, making it particularly attractive during a declining interest rate cycle and possessing strong defensive characteristics.
【Related Products】
Dividend Low Volatility ETF Tianhong (159549), corresponding to the off-exchange linked funds (Class A: 008114; Class C: 008115; Class Y: 022980).
Hong Kong Stock Central SOEs Dividend ETF Tianhong (159281), corresponding to the off-exchange linked funds (Class A: 024371; Class C: 024372).
【Hot Events】
Multiple banks intensively disclose progress on share buybacks to stabilize market confidence
According to industry statistics, on April 12, several banks including Suzhou Rural Commercial Bank, Postal Savings Bank, Everbright Bank, Chengdu Bank, Changshu Rural Commercial Bank, Chongqing Rural Commercial Bank, and Qilu Bank successively disclosed the implementation progress of their buyback plans, with a total buyback amount exceeding 1.5 billion yuan. Relevant parties indicated that shareholders are increasing their holdings at this time essentially to acquire quality assets at a lower cost
At the same time, the regulatory authorities have repeatedly emphasized the need to &#34;promote the quality improvement of listed companies&#34; and encourage major shareholders to increase their holdings to stabilize the market.
【Institutional Views】
A report from Industrial Securities points out that in April, the cost-effectiveness of dividend asset allocation is still marginally improving and may attract more funds, based on the following four main reasons.
First, under the two uncertainties of unresolved overseas geopolitical conflicts and the performance of the earnings season waiting to be tested, recent market funding risk appetite has converged, with increased rotation intensity across various sectors, making dividend assets a widely recognized safe-haven direction.
Second, the scale of incremental funds shows a negative relationship with the relative returns of low-volatility dividends. When the market is short of incremental funds and in a state of stock game, dividend assets often outperform.
Third, in recent years, the pricing anchor for dividend investment has shifted from &#34;static dividend yield&#34; to &#34;dynamic dividend yield.&#34; Currently, many sectors within dividends are also experiencing a recovery driven by price increases, and in the future, we can expect to see an improvement in the dividend payout ratio, especially in energy alternatives and price transmission-related directions that can benefit from the upward shift in oil price levels.
Fourth, most dividend sectors currently have a reasonable level of crowding. With the exception of the power and coal industries, the crowding levels of other dividend sectors are all at moderate or below levels.
【More Products】
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159549

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As of April 13, 2026, the Tianhong CSI Dividend Low Volatility ETF (159549) has seen a net inflow of nearly 150 million yuan over the past 10 days, with significant growth in both scale and shares. This ETF closely tracks the CSI Dividend Low Volatility 100 Index, focusing on undervalued and high-dividend investment logic. The Tianhong CSI Hong Kong Connect China Central-SOEs High Dividend Yield ETF (159281) has also performed well, attracting a total of 76.4821 million yuan over the past 21 trading days. Overall, the cost-effectiveness of dividend asset allocation is still improving

腾讯新闻 - 财经

Tianhong CSI Hong Kong Connect China Central-SOEs High Dividend Yield ETF

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ChinaAMC CSI Hong Kong Connect China Central-SOEs High Dividend Yield ETF

In the past 10 days, Tianhong CSI Dividend Low Volatility ETF has seen a net inflow of nearly 150 million yuan, and institutions assess that the cost-effectiveness of dividend asset allocation in April is still improving