股息率超7%！一键打包【港股通+央企+红利】的港股通央企红利ETF天弘(159281)明日重磅上市

Core Viewpoint - The launch of the Tianhong Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) on September 2, 2025, aims to attract investors seeking high dividend yields as the A-share market approaches the 3900-point mark [1]. Group 1: Market Trends - Insurance capital has significantly increased its investment in high-dividend assets, with a total growth of 640 billion yuan in equity assets during the first half of the year [1]. - Major insurance companies, including China Life, China Pacific Insurance, and China Ping An, have indicated plans to enhance their allocation towards quality high-dividend assets in their semi-annual reports [1]. Group 2: ETF Characteristics - The Tianhong ETF tracks the CSI Hong Kong Stock Connect Central SOE Dividend Index, focusing on high-dividend stocks from central state-owned enterprises (SOEs) [1]. - The ETF selects companies that have consistently paid dividends for three consecutive years, ensuring a dividend payout ratio greater than 0 and less than 1 over the past year, thus avoiding "one-off dividends" [1]. - The index is weighted by dividend yield rather than market capitalization, preventing the pitfalls of high buying and low selling [1]. Group 3: Top Holdings - The top ten weighted stocks in the ETF include China COSCO Shipping, Orient Overseas International, China National Offshore Oil, and China Shenhua Energy, among others [1]. - The profitability of central SOEs supports the high dividend yields, allowing investors to benefit from both capital appreciation and stable dividend income under new market regulations [1]. Group 4: Performance Metrics - As of July 4, 2025, the Hong Kong Stock Connect Central SOE Dividend Index had a dividend yield of 7.73% and a year-to-date increase of 17.17%, significantly outperforming the CSI Central SOE Dividend Index, which had a dividend yield of 4.89% and a year-to-date increase of 5.07% [2]. - Over the past five years, the index has achieved an annualized total return of 14.27% with an annualized volatility of 22.02%, indicating a balance of returns and risk management [2].