Xin Lang Ji Jin·2025-07-14 05:23Core Viewpoint - High dividend stocks continue to rise, with a focus on "high dividend + low valuation" large-cap blue-chip stocks in the value ETF (510030) [1][4] Group 1: Market Performance - The value ETF (510030) opened slightly lower but then rose, with a current price increase of 0.27% [1] - The 180 Value Index has outperformed major A-share indices since the beginning of the year, with a cumulative increase of 7.24% compared to the Shanghai Composite Index's 4.73% and the CSI 300 Index's 2.03% [1][3] - As of July 11, 2025, the 180 Value Index's price-to-book ratio is at 0.85, indicating a relatively low valuation compared to the past decade [8] Group 2: Sector Analysis - The banking sector is the largest weight in the 180 Value Index, accounting for 50% as of June 2025 [5] - Insurance funds are expected to continue increasing their allocation to high-dividend bank stocks due to anticipated decreases in preset interest rates [4][6] - The focus on high dividend and high free cash flow return combinations is emphasized as a strategy to mitigate external uncertainties [6] Group 3: Investment Strategy - The value ETF closely tracks the 180 Value Index, which selects the top 60 stocks based on value factor scores, including major financial and infrastructure stocks [6] - The strategy suggests maintaining a "dividend core + small-cap growth" allocation to balance stability and growth potential [6]