恒生红利低波ETF(159545)成交放量，本月强势“吸金”14亿元

Group 1 - The market experienced fluctuations with sectors such as banking, coal, and steel collectively retreating, while the Hang Seng High Dividend Low Volatility Index fell nearly 2% [1] - Despite the market downturn, capital increased its allocation to related products, with the Hang Seng Dividend Low Volatility ETF (159545) achieving a trading volume exceeding 300 million yuan and a net subscription of nearly 100 million shares throughout the day [1] - The product has seen continuous growth in scale for 20 consecutive days, with a net inflow of 1.4 billion yuan this month [1] Group 2 - According to Everbright Securities, the investment logic for dividend stocks is shifting from style-driven to stock-specific, with certain high-quality stocks continuing to attract specific style capital inflows [1] - Since the beginning of the year, dividend stocks have frequently been targeted by insurance and AMC stake purchases, indicating a clear demand from medium to long-term capital for high dividend sectors [1] - The current focus for the dividend sector should be on stock selection logic, as some high-quality stocks still possess allocation value despite a weakening relative economic advantage [1] Group 3 - The Hang Seng High Dividend Low Volatility Index consists of 50 liquid stocks within the Hong Kong Stock Connect that have a history of continuous dividends, moderate dividend payout ratios, and low volatility, with the top three industries being finance, energy, and real estate construction, accounting for nearly 60% [1] - The current dividend yield of the index is approximately 5.8% [1] - The Hang Seng Dividend Low Volatility ETF (159545) is the largest product tracking this index, with a management fee rate of only 0.15% per year, facilitating low-cost investment in Hong Kong high dividend assets [1]