The situation between the U.S. and Iran has changed again! Defense deployment focuses on the State-Owned Enterprise Dividend ETF Huatai-PineBridge (561580)

Today’s morning session, Trump declared himself that he achieved a “quick, decisive, overwhelming victory” in the Iran conflict, which caused sharp fluctuations in global assets. The A-share market also came under pressure, driving the demand for high-dividend assets with certain defensive attributes to further heat up. Wind and exchange data show that as of April 1, 2026, as the market’s first central enterprise dividend-themed ETF, the Central Enterprise Dividend ETF Huatai-PineBridge (561580) has accumulated nearly 300 million yuan in contrarian inflows during the volatile market since March, boosting its fund shares and fund size to 1.22B units and 1.56B yuan, both hitting record highs.

Meanwhile, against the backdrop of tightening external geopolitical tensions, the logic of supply security strategies and strategic resource guarantees continues to resonate, with tangible “physical assets” gaining market attention. Traditional dividend sectors represented by coal, oil, and petrochemicals have relatively high profit certainty and may become the core beneficiaries of this main line. This aligns with the current market’s reassessment of the value of HALO assets—tangible assets with the potential to traverse cycles—potentially injecting new momentum into the revival of the central enterprise dividend style.

Data from the China Securities Index Co. show that as of April 1, 2026, the top five industry weights in the CSI Central Enterprise Dividend Index underlying the Huatai-PineBridge (561580) Central Enterprise Dividend ETF are transportation, banking, oil and petrochemicals, coal, and construction and decoration. Excluding banking, the other four are typical HALO assets, fitting well with the current market allocation theme.

Huaxi Securities pointed out that the direction of the US-Iran conflict remains a key external variable affecting overseas markets and is the primary external factor suppressing risk appetite in A-shares. Due to significant gaps in core demands between the two sides, “TACO” trading difficulty has increased markedly. In terms of industry allocation, defensive strategies may be temporarily more advantageous. Recommendations include: 1) defensive sectors such as banks, utilities, and consumer staples; 2) energy independence-related sectors like new energy, power, energy storage, and lithium batteries; 3) sectors with strong performance certainty and high prosperity growth, such as AI computing power and innovative drugs.

It is reported that the Huatai-PineBridge (561580) Central Enterprise Dividend ETF is the market’s first central enterprise dividend-themed ETF. Wind data shows that under the dual screening logic of “high dividend + 100% central enterprise attribute,” the latest dividend yield of the underlying index has risen to 4.31% over the past year. The spread with the 10-year government bond yield is in the high range of 76.5% since its launch, indicating that in an environment of asset scarcity, the dividend yield advantage is likely to continue to stand out.

Huatai-PineBridge (561580) and its linked funds (A class 020466 / C class 020467) have accumulated over 19 years of management experience in dividend-themed index investment. Its “Dividend Family” is a popular dividend-themed investment brand in the market, with five ETFs each featuring unique characteristics, totaling assets of 53.48B yuan.

Among them, the Huatai-PineBridge Dividend ETF (510880) is the first dividend index fund in A-shares. By the end of 2025, it had 416.7k shareholders, making it the only dividend-themed ETF in the market with over 400k shareholders at that time. The Huatai-PineBridge Low-Volatility Dividend ETF (512890) is the first in A-shares and currently the only one in the market with over 30 billion yuan in assets, with its linked fund holding over 1.4 million shareholders. The Huatai-PineBridge Central Enterprise Dividend ETF (561580) is the first “central enterprise + dividend” dual-theme ETF in A-shares. 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 and has certain advantages in Hong Kong dividend tax, while the latter incorporates a low-volatility factor, making its defensive attributes more prominent in the volatile Hong Kong market.

MACD golden cross signals have formed, and these stocks are showing good upward momentum!