Recently, HALO assets—characterized by "heavy assets and low elimination rates"—have become a key focus for market allocation. Sectors with substantial physical barriers and potential for cyclical resilience continue to attract capital inflows. As of the latest data, the top five weighted industries in the underlying index of the Central SOE Dividend ETF Huatai-PineBridge (561580), the CSI Central SOE Dividend Index, are transportation, banking, petroleum and petrochemicals, construction and decoration, and coal. Excluding banking, the other four industries are typical HALO assets, aligning with the current market trend.
As the market's first central SOE dividend-themed ETF, the Central SOE Dividend ETF Huatai-PineBridge (561580) has drawn significant investor attention amid the recent trading atmosphere favoring HALO assets. Wind data shows the product has experienced net capital inflows for three consecutive trading days, driving the fund's size to a record high of 1.309 billion yuan since its inception.
Simultaneously, policy developments provide strong support for the long-term value of dividend assets. On March 6, 2026, during an economic-themed press conference at the Fourth Session of the 14th National People's Congress, the Chairman of the China Securities Regulatory Commission emphasized the need to improve market mechanisms and ecosystems for "long-term money and long-term investment," enhance stability mechanisms with Chinese characteristics, and enrich cross-cycle and counter-cyclical adjustment tools to continuously strengthen the market's intrinsic stability. This direction aligns well with the high-dividend, low-volatility characteristics of central SOE dividend assets, potentially optimizing their long-term allocation environment.
It is reported that the Central SOE Dividend ETF Huatai-PineBridge (561580) is the market's first central SOE dividend-themed ETF. Supported by a dual screening logic of "high dividend yield + 100% central SOE attributes," the index has a trailing one-year dividend yield of 4.35%, with its yield advantage expected to remain prominent in an environment of asset scarcity.
Huatai-PineBridge Fund, as one of China's first ETF managers, has accumulated over 19 years of management experience in dividend-themed index investing and has built a "dividend family" of ETFs with a total size of 51.523 billion yuan, comprising five distinct products.
Among them, the Dividend ETF Huatai-PineBridge (510880) is the first dividend index fund in the A-share market, having distributed cumulative dividends of 5.18 billion yuan over its 19-year history. The Low Volatility Dividend ETF Huatai-PineBridge (512890) is the first and currently the only dividend low-volatility themed ETF in the A-share market with assets exceeding 20 billion yuan; its feeder fund's Y-share class is a popular choice among personal pension index products. The Central SOE Dividend ETF Huatai-PineBridge (561580) is the first dual-themed ETF combining "central SOE + dividend" in the A-share market. The Hong Kong Stock Connect Dividend ETF Huatai-PineBridge (513530) and the Hong Kong Stock Connect Low Volatility Dividend ETF Huatai-PineBridge (520890) focus on high-dividend assets in Hong Kong stocks. The former adopts a QDII model, offering certain advantages in Hong Kong dividend tax, while the latter incorporates a low-volatility factor, enhancing its defensive characteristics in the more volatile Hong Kong market.
Risk warning: Funds carry risks, and investment requires caution.
The MACD golden cross signal has formed, and these stocks are performing well.
Comments