盘中再触历史新高！这只ETF为何持续刷新记录？

Group 1 - The core point of the article highlights the strong performance of the Hong Kong Dividend Low Volatility ETF (520550), which has achieved a cumulative increase of 19% since its establishment on January 15, and has set a record of 38 historical highs [3] - The ETF's consistent new highs serve as a strong emotional catalyst, indicating substantial returns for early investors and reflecting market confidence in the ETF and its underlying logic [3] - The underlying index, the Hang Seng Hong Kong Stock Connect High Dividend Low Volatility Index, boasts a high dividend yield of 7.71%, significantly surpassing the A-share dividend index (5%-6%) and the 10-year government bond yield (approximately 1.7%) [3] Group 2 - The index has a low price-to-earnings ratio of 7.18 and a price-to-book ratio of 0.62, with many constituent stocks trading below their net asset value, suggesting a strong margin of safety [3] - The index also implements a single stock weight limit of 5% to diversify risk and dynamically removes stocks that experience short-term declines, thereby avoiding "high dividend traps" [3] - Insurance capital is expected to increase its stock market investment ratio by 2025, with dividend assets becoming a standard allocation for insurance and pension accounts [4] Group 3 - From March to June, the Hong Kong Dividend Low Volatility ETF has maintained a net inflow of funds for three consecutive months, with its fund size increasing by 215.42% since its listing [7] - The upcoming reduction in predetermined interest rates for insurance funds is anticipated to lower costs, further increasing the willingness to allocate to high dividend assets amid an "asset shortage" [7] - Investors can utilize the ETF's dividend reinvestment strategy to achieve multiple returns in different market conditions, such as earning from stock prices in bull markets, dividends in bear markets, and dividends in volatile markets [9]