股息率超8%！

Core Viewpoint - The attractiveness of high-yield assets in the low-interest-rate environment is highlighted, with some Hong Kong Stock Connect high dividend indices showing yields exceeding 8% [1][5]. Group 1: Market Trends - The Hong Kong stock market has shown resilience, achieving four consecutive weeks of gains since early April, following a period of volatility [3]. - As of May 15, 2023, the total net inflow into Hong Kong dividend-themed ETFs has exceeded 11 billion yuan, with a total scale approaching 46.2 billion yuan, marking a growth of over 40% compared to the end of 2022 [3][4]. - The Morgan Fund's Hong Kong dividend index ETF has seen a net inflow of 3.767 billion yuan this year, becoming the first ETF in this category to exceed 10 billion yuan in scale, nearly doubling since the end of last year [3]. Group 2: Performance Metrics - The Hong Kong Stock Connect high dividend index has risen by 16.63% over the past year, significantly outperforming the China Securities Dividend Index, which fell by 2.37% [6]. - As of May 15, 2023, the latest dividend yield for the Hang Seng Hong Kong Stock Connect high dividend low volatility index is 8.31%, while the overall Hong Kong Stock Connect high dividend index yields 8.08% [6]. Group 3: Investment Strategy - The "technology + dividend" strategy is suggested as a superior asset allocation approach, balancing the volatility of tech assets with the stability of dividend-paying stocks [8]. - The low valuation and high dividend yield of Hong Kong dividend assets present a dual opportunity for undervaluation recovery and high dividend returns [8]. - The composition of the China Securities Hong Kong Stock Connect high dividend index is primarily large-cap stocks, with a significant proportion of state-owned enterprises, indicating that its performance will largely depend on the recovery of the domestic economy [8].