Low volatility ETF Huatai Bairui half-day trading exceeds 900 million, leading the same category! Industry insiders: dividend realization + style switching is the main reason, high dividend logic remains unbroken.

On June 18th, the three major indices showed mixed movements, with the ChiNext Index rising over 1% and the Shanghai Composite Index falling by 0.37%. In this context, the dividend low volatility ETF Huatai Bairui dropped by 1.84% in early trading, closing at 1.119 yuan with a turnover rate of 2.77%. The half-day trading volume reached 9.05 billion yuan, ranking first among similar ETFs in terms of trading scale. In terms of fund flows, the Huatai Bairui dividend low volatility ETF has been favored by funds in the long term, with a net inflow of funds of 7 billion yuan over the past 5 trading days, 26.3 billion yuan over the past 20 trading days, and 34.6 billion yuan over the past 60 trading days. As of June 17th, 2026, the ETF has a circulating scale of 330.28 billion yuan. Industry analysis points out that the recent consecutive declines in bank stocks are mainly driven by short-term factors such as dividend cashing and style switching, rather than deterioration in industry fundamentals. The net interest margin of banks has basically bottomed out and asset quality remains sound, making high dividend yields of 4% to 6% still attractive for allocation. Institutions predict that the defensive nature of banks will become more prominent in the second half of the year, with structural opportunities dominating the market. The valuation repair space for large banks with high dividends and high-quality regional city commercial banks is worth looking forward to. Investors should continue to track core variables such as interest rate differentials and asset quality. China Everbright Strategy believes that overall, the short-term A-share market may trend towards fluctuations, while in the medium to long term, supported by both fundamentals and industrial trends, it is expected to gradually trend upwards. In the short term, defensive sectors may show periodic performance, such as high dividend and value stocks, but such opportunities may be more emotional and trading-oriented. In the medium to long term, the high prosperity direction remains the core of allocation. Investors may consider the Huatai Bairui dividend low volatility ETF as a base portfolio allocation, and investors without stock accounts can also allocate through its off-exchange linked funds.