低利率时代资金“搬家”，港股红利低波ETF（520550）备受青睐

Group 1 - The Hong Kong Dividend Low Volatility ETF (520550) experienced a slight adjustment, down 0.26% after reaching a new high following nine consecutive days of gains [1] - The ETF has seen a capital inflow of 34.16 million HKD over five days, with a year-to-date share increase of over 119%, marking a historical high [1] Group 2 - As of early June, southbound capital inflows exceeded 650 billion HKD, more than doubling year-on-year, accounting for nearly 80% of the expected total inflow for 2024 [2] - Southbound funds have shown a strong preference for high-dividend sectors, particularly banks, with net purchases exceeding 200 billion HKD in the past year [2][4] Group 3 - The current low interest rate environment enhances the appeal of dividend assets, which offer stable earnings and high dividends, with the Hang Seng High Dividend Low Volatility Index yielding 8.10%, significantly higher than the 1.64% yield of ten-year government bonds [5] - Major banks have collectively lowered deposit rates, with one-year deposit rates dropping below 1%, indicating that dividend assets may become a long-term necessity for allocation [6] Group 4 - The Hang Seng High Dividend Low Volatility Index currently has a PE ratio of 7 and a PB ratio of 0.6, indicating a higher safety margin compared to similar indices [11] - The ETF implements monthly dividend assessments, with a current dividend of 0.04 HKD per ten shares, representing a distribution ratio of approximately 0.37% [13] Group 5 - The ETF has the lowest fee rate of 0.2% among similar products in the market, making it a cost-effective long-term investment option [14]