抹平跌幅！港股红利低波ETF(520550)重拾升势，规模年内扩容超5倍

Core Viewpoint - The Hong Kong stock market shows resilience with expectations of potential policy support despite short-term challenges, particularly in the context of tariff impacts and economic slowdown [1]. Group 1: Market Performance - As of August 8, the Hang Seng Index opened lower but showed upward movement, with the Hong Kong Dividend Low Volatility ETF (520550) recovering from previous losses [1]. - Fund sizes have increased significantly, with a year-to-date growth of 510.59% as of August 7 [1]. Group 2: Policy Outlook - Guoyuan International Holdings indicates that while immediate expectations for substantial easing policies are low, there may still be relevant policies introduced in the second half of the year to address economic momentum decline and tariff impacts [1]. - The expectation of policy support is believed to sustain Hong Kong stock valuations in the medium to long term [1]. Group 3: Investment Strategy - Long-term investors are advised to consider defensive sectors such as energy, telecommunications, and public utilities, which possess strong cash flow capabilities, to mitigate potential external shocks [1]. - Professionals suggest a "dumbbell strategy" combining the A-share CSI Dividend Quality ETF (159209) and the Hong Kong Dividend Low Volatility ETF (520550) to balance offensive and defensive positions while diversifying risks across two markets [1]. - The design of low-fee, monthly dividend-paying products is expected to enhance long-term investment returns [1].