红利板块震荡调整，恒生红利低波ETF（159545）今日获超6700万份净申购

Core Viewpoint - The article discusses various dividend-focused ETFs, highlighting their composition, performance, and sector allocations, indicating a trend towards stable, high-dividend yielding stocks in the A-share and Hong Kong markets [2]. Group 1: Dividend ETFs Overview - The E Fund Dividend ETF tracks the China Securities Dividend Index, composed of 100 stocks with high cash dividend yields, reflecting the overall performance of high-dividend A-share companies [2]. - The E Fund Low Volatility Dividend ETF tracks the China Securities Low Volatility Dividend Index, consisting of 50 stocks with good liquidity, continuous dividends, and low volatility, indicating a focus on stable dividend-paying stocks [2]. - The Hang Seng Low Volatility Dividend ETF tracks the Hang Seng High Dividend Low Volatility Index, made up of 50 stocks within the Hong Kong Stock Connect that have good liquidity and moderate dividend payout ratios [2]. Group 2: Performance Metrics - The E Fund Dividend ETF has a rolling price-to-earnings ratio of 8.3 times, with a valuation percentile of 72.2% since its inception in 2013, and a recent decline of -0.4% [2]. - The E Fund Low Volatility Dividend ETF has a rolling price-to-earnings ratio of 8.41 times, with a valuation percentile of 77.2% since its inception in 2013, and a recent decline of -0.6% [2]. - The Hang Seng Low Volatility Dividend ETF has a rolling price-to-earnings ratio of 7.3 times, with a valuation percentile of 86.0% since its inception in 2017, and a recent decline of -0.3% [2]. Group 3: Sector Allocations - In the E Fund Dividend ETF, the banking, coal, and transportation sectors account for over 55% of the index, with a significant weight in banking stocks [2]. - In the E Fund Low Volatility Dividend ETF, the banking, transportation, and construction sectors make up nearly 70% of the index [2]. - In the Hang Seng Low Volatility Dividend ETF, the financial, industrial, and energy sectors represent nearly 70% of the index [2].