In May, the overall CPI remained stable, while the PPI continued to rise! The low volatility ETF of Huatai Bairui attracted 2.5 billion in funds in the past 20 trading days against the market trend. There is still potential for dividend value.

On June 10th, the market opened with volatile adjustments, with the ChiNext Index falling by over 2% and the Shanghai Composite Index falling by 0.58%. Against this backdrop, the dividend low volatility ETF Huatai Bairui rose against the market by 0.60%, reaching 1.171 yuan, with a turnover rate of 1.72% and a half-day trading volume of 5.74 billion yuan, ranking first among similar ETFs. According to data from the National Bureau of Statistics, in May, the overall operation of the consumer market remained stable, with the consumer price index falling by 0.1% month-on-month and rising by 1.2% year-on-year, while the core CPI excluding food and energy prices rose by 1.1% year-on-year. Due to increased demand in certain domestic industries and fluctuations in international commodity prices, the producer price index rose by 0.5% month-on-month and by 3.9% year-on-year. In terms of funding, the dividend low volatility ETF Huatai Bairui has been favored by funds for a long time, with net inflows of funds totaling 9.5 billion yuan in the past five trading days, 25.4 billion yuan in the past 20 trading days, and 33 billion yuan in the past 60 trading days. As of June 9, 2026, the ETF had a circulation scale of 332.49 billion yuan. Guojin Securities released a research report stating that without the innovation cycle of internet-level industries, the A-share market is a very typical market with a rotation cycle of 3-4 years and a dividend cycle of 1-2 years intertwined. Galaxy Securities believes that the long-term low interest rate environment continues, the logic of asset scarcity has not fundamentally changed, and the value of bank dividends is expected to continue to be favored by the market. Investors can consider Huatai Bairui's dividend low volatility ETF as a core holding, while investors without a stock account can also allocate through its off-exchange link funds.