市场或重回震荡走势，资金回流红利类资产！恒生红利低波ETF（159545）七月吸金超15亿元

Group 1 - The A-share market has shown signs of short-term pressure after breaking through resistance levels at the end of July, leading to adjustments in major stock indices [1] - There has been a significant inflow into dividend-focused ETFs, with over 9 billion yuan net inflow in July, indicating a shift in market focus towards dividend assets [1] - The Hang Seng Dividend Low Volatility ETF (159545) has attracted over 1.5 billion yuan in net inflows in July, ranking among the top in dividend ETFs [1] Group 2 - Analysts suggest that as domestic interest rates enter a downward cycle, the focus of asset allocation is shifting from growth to returns, increasing attention on dividend assets [1] - The overall valuation of the Hong Kong stock market is at historical lows, with a growing willingness among companies to distribute dividends, supported by policies encouraging long-term capital market investments [1] - The Hang Seng High Dividend Low Volatility Index consists of 50 stocks with good liquidity, consistent dividends, moderate payout ratios, and low volatility, currently offering a dividend yield of approximately 5.8% [1] Group 3 - The Hang Seng Dividend Low Volatility ETF (159545) has the lowest management fee rate of 0.15% per year among ETFs, facilitating low-cost investment in the Hong Kong high dividend sector [1]