Core Insights - Nine joint-stock banks have followed state-owned banks in reducing deposit rates, focusing on medium to long-term deposit rates in the current interest rate adjustment cycle [1] - The low interest rate environment is driving market funds to seek high-quality assets that meet long-term allocation needs, with Hong Kong stock dividend assets showing significant attractiveness due to lower valuations and higher dividend yields [1] Group 1: Market Trends - The Hong Kong Stock Connect Dividend ETF (513530) has seen continuous net inflows for 17 trading days since April 24, 2025, reaching new highs in both share and scale [1] - As of May 21, 2025, the ETF's latest price-to-earnings ratio (TTM) is 6.81 times, with a dividend yield of 7.92% over the past 12 months, indicating potential for both undervaluation recovery and high dividend returns [1] Group 2: Investment Opportunities - The Hong Kong Stock Connect Dividend ETF (513530) is the first ETF to invest in Hong Kong stocks through the QDII model, offering a more advantageous tax structure compared to traditional channels, potentially enhancing investor experience [1] - The ongoing interest rate cuts are expected to provide stable dividend returns from high-dividend Hong Kong assets, alongside potential valuation recovery as the overall economic fundamentals improve [1] Group 3: Company Background - Huatai-PB Fund has over 18 years of experience in index investment and has been proactive in the dividend-themed ETF sector since 2006 [1] - As of May 21, 2025, Huatai-PB's dividend ETFs (510880 and 512890) are the only two dividend-themed ETFs in the A-share market with scales exceeding 15 billion, at 20.44 billion and 16.20 billion respectively [1]
降息潮持续蔓延!港股通红利ETF(513530)份额、规模创成立以来新高
Jin Rong Jie·2025-05-22 03:36