跟跌不跟涨，“我在红利基金里躲行情”！红利策略还有效吗？

Core Viewpoint - The recent adjustment in the banking sector has led to challenges for dividend-themed funds, while the technology growth sector remains strong, prompting discussions among investors about the effectiveness of dividend strategies [2][3]. Group 1: Market Performance - The banking sector has experienced a significant downturn, with the Shenwan Banking Index dropping 4.21% this week, marking the largest decline among 31 Shenwan first-level industry indices [2]. - Approximately 90% of equity dividend funds reported negative returns this week, and around 70% have negative returns over the past month [2]. Group 2: Dividend Strategy Effectiveness - Despite the market shift towards technology growth, Huaxia Fund believes that the dividend strategy is not ineffective but rather experiencing a temporary style switch, emphasizing the long-term stability and low volatility of high-dividend assets [3]. - Haitong Securities indicates that dividend assets and technology growth sectors exhibit a rotation effect, suggesting that dividend assets are not merely a short-term safe haven but also a long-term choice for stable investment [3]. Group 3: Investment Strategies - The "barbell strategy" is recommended, which involves incorporating dividend assets into the core portfolio while complementing them with high-growth assets to create a more resilient investment mix [4]. - There is a suggestion to focus on Hong Kong dividend-themed funds, which are seen as deep value plays, with the potential for stable performance despite recent pullbacks [4]. - Industry experts recommend upgrading dividend indices by considering products focused on free cash flow and dividend quality indices [5].