Core Viewpoint - The introduction of personal pension accounts and the tax incentives associated with them have made dividend low-volatility strategies increasingly attractive for long-term retirement planning, particularly in the context of a low-interest-rate environment [1][5]. Group 1: Understanding Pension Investment - Pension investment fundamentally aims to ensure a comfortable retirement, which includes financial security alongside health and family well-being [1]. - For many young individuals, pension investment is a long-term accumulation process, emphasizing risk control and stable asset growth rather than short-term high returns [2]. Group 2: Dividend Low-Volatility Strategy - The dividend low-volatility strategy combines high dividend yield stocks with low volatility factors, aiming to select fundamentally strong stocks that can perform well in various economic conditions [3]. - This strategy is designed to provide a defensive approach during market downturns, thereby reducing volatility and drawdown risks [3]. Group 3: Alignment with Pension Investment - The inclusion of low-volatility factors helps identify high-quality value stocks, making it suitable for pension investments that prioritize long-term stability [4]. - Dividend low-volatility assets can accumulate wealth over time, contributing significantly to overall returns in a pension portfolio [5]. - In a persistently low-interest-rate environment, dividend low-volatility indices offer attractive yields compared to traditional fixed-income investments, making them appealing for pension funds [5]. Group 4: Performance and Resilience - The dividend low-volatility strategy has demonstrated strong performance across different market conditions, particularly during market downturns, outperforming broader indices [6][8]. - Since its inception, the strategy has achieved significant cumulative and annualized returns, indicating its effectiveness as a long-term investment approach [7].

>>>>> ETF早知道 >>>>> ETF早知道 ETF早知道 <<<< >>>>> FEFR 2025 国际早知道 Dec 2 ETFEFR设 <<<< 市场温度计 >>>>> 中长期信号 · 投资看温度 ETFOFD --- 75% --- 75% + 75% -- + 25% + 25% -- + 25% ETF 早知道 1.25% 0.65% 1.31% ← ↑ T <<<< 上证指数 深证成指 创业板指 注:温度计水提条由对应指数的近十年市盈率分位数表示,总值为100%。数据来源:lFind,截至 2025.12.1, 上证指数、深证成指、创业板指的近十年市盈率分位数分别为91.86%、77.58%、35.79% e 0 e ETFOFA 6 板块热力图 ETFERS <<<< 短期轮动走向 · 观九宫热力值 +2.85% +2.81% +1.58% 电子 有色金厘 通信 ETFEFR +1.41% +1.35% +0.03% 非银金融 商贸零售 社会服务 -0.06% -0.23% -0.43% 房地产 农林牧渔 环保 数据来源:iFind,截至2025.12.1,以申万一级行业区分,分别列出当 ...

MACD金叉信号形成，这些股涨势不错！ 责任编辑：张恒星 "同以心听旧退·尼尼灯!" 跟踪标普港股通低波红利指数 - 联接A 022887 近1年 近1日 近1周 ( 近1月) 近1年 指数涨赔 指数涨跌幅 指数涨跌幅 年化波动率 指数涨跌幅 3.77% 0.79% 0.18% 33.4% 12.53% (VS) 上证指数 上证指数 上证指数 上证指数 上证指数 0.65% 1.14% -1.03% 17.66% 11.98% 器 全新品 原因 4.18% A500红利低波ETF 159296 · 行业均衡·双因子攻守兼备 · -跟踪中证A500红利低波动指数 - 近1日 近1周 (近1月) 近1年 近1年 指数涨跌幅 指数涨跌幅 据数涨跌幅 指數涨跌幅 年化波动率 0.37% 0.83% 9.85% 0.04% 6.86% 最至2025.121 (US) 上证指数 上证指数 上证指数 上证指数 上证指数 0.65% 1.14% -1.03% 17.66% 11.98% 最新能息表 4.14% 800红利低波ETF 159355 · 聚焦大中盘·季季可评估分红 * · 跟踪中证800红利低波动指数 - *注: ...

Core Insights - The article highlights the top-performing stocks in the S&P China A-Share Dividend Opportunity Index, showcasing significant daily and year-to-date gains along with dividend yields [1]. Group 1: Stock Performance - The top stock, Semir Apparel (002563.SZ), experienced a daily increase of 10.05% and a year-to-date gain of 3.81%, with a dividend yield of 8.24% [1]. - Zhongchuang Logistics (603967.SH) saw a daily rise of 6.77% and a substantial year-to-date increase of 31.43%, with a dividend yield of 5.20% [1]. - Zhongyuan Marine Energy (600026.SH) reported a daily gain of 6.71% and a year-to-date increase of 13.45%, with a dividend yield of 3.11% [1]. Group 2: Notable Year-to-Date Performers - Zhongchuang Zhiling (601717.SH) achieved a remarkable year-to-date gain of 97.46%, with a daily increase of 5.54% and a dividend yield of 4.92% [1]. - Yiyi Co., Ltd. (001206.SZ) also showed impressive performance with a year-to-date increase of 98.51%, alongside a daily rise of 4.45% and a dividend yield of 2.74% [1]. - Xiamen Bank (601187.SH) had a year-to-date gain of 36.49%, with a daily increase of 5.17% and a dividend yield of 4.34% [1].

Group 1 - The chemical sector continues to rise, with the chemical ETF (516020) experiencing a maximum intraday increase of 1.89% and closing up 1.01%, marking three consecutive days of gains [1][2] - Key stocks in the sector include HEBANG Biological, which hit the daily limit, and others like Tongcheng New Materials, Sankeshu, and Cangge Mining, all showing significant gains [1][3] - The basic chemical sector has seen a net inflow of 19.525 billion yuan in the last five trading days, ranking fourth among 30 sectors, and a total net inflow of 194.6 billion yuan over the past 60 days, ranking second [1][3] Group 2 - The chemical ETF (516020) has outperformed major indices, with a year-to-date increase of 28.99%, compared to 16.77% for the Shanghai Composite Index and 16.3% for the CSI 300 Index [3][4] - The current valuation of the chemical sector is relatively low, with a price-to-book ratio of 2.32, indicating potential for long-term investment [5][6] - The chemical industry is expected to experience a turning point due to a combination of factors, including a potential recovery in demand and a decrease in supply, driven by policies aimed at reducing competition [6][7] Group 3 - The recent establishment of a large-capacity all-solid-state battery production line in China is expected to significantly boost upstream demand in the chemical sector [5][6] - The chemical ETF (516020) provides a diversified investment opportunity across various sub-sectors, with nearly 50% of its holdings in large-cap stocks and the other half in leading stocks from various chemical segments [7]

Market Overview - In November, major A-share indices experienced varying degrees of adjustment, with the Shanghai Composite Index down 1.67%, the ChiNext Index down 4.23%, and the STAR 50 Index down 6.24% [1] - The overall market activity has cooled, with the average daily trading volume across A-shares decreasing by 249.2 billion compared to the previous month [1] - The primary reason for the market adjustment is attributed to changes in overseas expectations leading to increased risk aversion, rather than an actual deterioration in liquidity conditions [1] Sector Performance - Sectors such as banking, oil and petrochemicals, and textiles performed well, while electronics, automotive, and computer industries lagged behind [1] - The adjustment in the A-share market aligns with global market trends, primarily due to concerns that expectations for overseas liquidity easing may not materialize in December, alongside fears of a bubble and risks in the AI sector [2] Investment Sentiment - The fluctuating expectations regarding the Federal Reserve's policies have become a key variable affecting market sentiment, with recent comments from Fed officials increasing uncertainty [2] - The market has shown signs of recovery as expectations for a rate cut by the Fed in December have been somewhat restored, leading to a gradual warming of global capital markets [2] Future Outlook - The short-term market is characterized by a "waiting for profit-driven" pattern, with the potential for upward movement still present [3] - The current valuation levels are constraining upward momentum, with the median PE ratio for A-shares at the 84th percentile and the median PB ratio at the 85.5th percentile over the past three years [3] - Investment strategies should focus on three main areas: low-crowding sectors within technology, opportunities in global pricing resources like gold and copper, and manufacturing sectors benefiting from a restart in overseas credit cycles [3]

Market Overview - A-shares experienced a rebound with the Shanghai Composite Index rising 0.65% to close at 3914.01 points, and the Shenzhen Component Index increasing by 1.25% to 13146.72 points, indicating improved trading activity with nearly 1.9 trillion yuan in total turnover and around 3400 stocks gaining [1] - The upcoming economic work conference is expected to boost bullish sentiment, while external liquidity improvements may support valuation recovery, suggesting a systemic slow bull market for A-shares in the medium term [1] Metals Sector - Precious metals, particularly silver, have shown strong performance, with spot silver surpassing $57 per ounce and both Shanghai silver and copper reaching historical highs [3] - Macro factors, including a likely 25 basis point rate cut by the Federal Reserve and a relatively weak US dollar, are supporting the financial attributes of metals like silver and copper [3] - Industrial demand for metals is increasing due to AI and new energy developments, with low inventory levels indicating a real supply gap [3] - The copper supply is constrained by declining ore grades and insufficient capital expenditure, while demand is driven by significant projects like the AI research initiative launched by former President Trump [3] - The China Nonferrous Metals Industry Association has taken measures to curb excessive expansion in the industry, halting around 2 million tons of illegal capacity [3] Gaming Sector - The gaming sector is recovering, with the gaming ETF rising 1.64% following the National Press and Publication Administration's approval of 184 domestic game licenses in November, the highest monthly issuance this year [4] - The normalization of game license approvals has significantly reduced supply-side uncertainties, allowing major companies to launch quality products, which is expected to enhance revenue and performance [4] - Public funds have increased their holdings in the media and internet sector, with the gaming sub-sector's allocation rising to 1.68%, highlighting the sector's attractiveness [5] - Many leading gaming companies possess strong cash flow attributes, with some blue-chip stocks offering dividend yields of 3%-4%, providing defensive value in a low-interest-rate environment [5] - The introduction of AI tools has improved production efficiency in the gaming industry, with reports indicating a 40%-50% increase in 2D art production efficiency and over 30% reduction in outsourcing costs [5] Gold Sector - The gold sector is active, with COMEX gold prices breaking through $4270, and gold ETFs showing positive performance [6] - The expectation of a rate cut by the Federal Reserve has risen significantly, supporting gold prices, while geopolitical uncertainties, including the Russia-Ukraine conflict and tensions between China and Japan, enhance gold's appeal as a safe-haven asset [6] - The long-term outlook for gold remains positive due to the anticipated Fed rate cut cycle, increasing geopolitical risks, and a global trend towards de-dollarization [6] AI and Computing Sector - The computing sector continues its upward trend, with communication ETFs and AI-focused ETFs showing significant gains [8] - Strong demand for AI infrastructure capital expenditure is expected, with major cloud providers projected to increase their capital spending significantly in the coming years [8] - The competition among AI giants is driving demand for computing power, benefiting related A-share companies in the chip and server markets [8] - The AI industry is rapidly developing, with substantial investments expected to sustain growth over a longer lifecycle compared to previous technological revolutions [9]

展望后市，中信建投建议以择机布局为主，备战跨年行情。时点上关注12月10日后美联储议息会议和中 央经济工作会议，可在会议开始前低位加仓、择机布局，关注半年线支撑和市场缩量情况。考虑到2026 年产业景气预期，我们认为AI、创新药、有色、化工有望成为跨年行情主要上涨方向，同时关注港股 互联网和商业航天方向的机会。 【ETF全知道热点收评】重点聊聊创业板人工智能、国防军工、化工等三个行业主题ETF的交易和基本 面情况。 一、多热点驱动，创业板人工智能ETF（159363）放量大涨2.51%，能否突破前高？最新光模块含量超 56% 多重热点助推，超七成仓位布局算力（且光模块含量超56%）的创业板人工智能上涨2.5%领涨AI行情， 算力股大面积走强！其中，存储芯片龙头北京君正20CM涨停，算力卫星概念股航宇微涨超14%，光模 块龙头中际旭创涨超4%，润泽科技、星宸科技、富瀚微、全志科技等多股跟涨。 周一（12月1日），A股震荡拉升，沪指重返3900点上方，深成指、创业板指均涨超1%。沪深两市成交 额1.87万亿元，较上一个交易日放量2881亿元。盘面上，市场热点快速轮动，全市场近3400只个股上 涨。盘面上，有色金属 ...

综合市场信息来看，算力多重分支走强，或与三方面热点催化有关： 周一（12月1日），多重热点助推，超七成仓位布局算力（且光模块含量超56%）的创业板人工智能上 涨2.5%领涨AI行情，算力股大面积走强！其中，存储芯片龙头北京君正20CM涨停，算力卫星概念股航 宇微涨超14%，光模块龙头中际旭创涨超4%，润泽科技、星宸科技、富瀚微、全志科技等多股跟涨。 热门ETF方面，同类规模最大的创业板人工智能ETF（159363）场内收涨2.51%，全天放量成交7.73亿 元，资金单日净申购2200万份。从技术指标看，当前MACD金叉形成，叠加量能充足，创业板人工智能 ETF（159363）后市或有望突破箱体冲击前高。 3、算力卫星方面，算力卫星作为算力新基建，全球产业化进程逐步推进，国内政策细则出台引领。中 信证券研报指出，海外来看，科技巨头争相布局，太空算力逐渐成为共识。国内来看，算力星座发射加 速，产业化进程加快。国家政策细则进一步明确，建议关注算力卫星相关标的。 展望后市，华安证券指出，AI产业景气趋势明确，短期调整压力提供下阶段行情良好布局时机，作为 本轮最核心主线信心不动摇。配置上，关注算力+AI应用。以算力基建 ...

12月首个交易日，银行板块低开高走，午后单边向上。截至收盘，A股42只银行股37股收涨，厦门银行 领涨逾5%，张家港行涨超4%，齐鲁银行涨超3%，南京银行、沪农商行等4股涨逾2%。全市场规模最大 的银行ETF（512800）场内价格收涨0.72%，站上5日、10日线，全天成交额10.8亿元，环比小幅放量。 | 分时 零日 1分 * 绿合屏 F9 前震权 超级盘加 面式 工具 @ (2 > | | | 银行ETF ① | | | --- | --- | --- | --- | --- | | 512800.SH 银行ETF] 2025/12/01 收 0.842 幅0.72%(0.006) 开0.833 高 0.84回 | 0.842 +0.006 +0.72% | | 512800 | | | MAS 0.8411 MA10 0.8411 MA20 0.8411 MA60 0.8227 MA120 0.0411 MA2602 T = | SSE CNY 15:00:17 闭市 查看L2全景 | | | 第二十二 | | 115017 | 净值走势宝中让银行ET | ਟੇਸ਼ੇ 13.34% 120日 | | ...