政策助力，A股与港股红利资产价值凸显，关注这两类ETF

Group 1 - The core viewpoint is that policies encouraging dividends and a low interest rate environment are making dividend assets more attractive for investors, providing both defensive and appealing investment options [1][2][3] Group 2 - A-share and Hong Kong-listed companies are increasingly willing to distribute dividends, with over 800 A-share companies proposing mid-term dividend plans totaling over 640 billion yuan, a year-on-year increase of over 10%, marking a historical high [1] - Hong Kong-listed Chinese enterprises are also maintaining a strong dividend distribution trend, with a total of 25.8 billion USD in dividends planned for September to October, representing a year-on-year growth of over 10% [1] Group 3 - The Federal Reserve's recent interest rate cut to a target range of 4.00%-4.25% has opened up a low interest rate environment, enhancing the appeal of dividend assets as the yield spread between dividend rates and treasury yields widens [2] - The price-to-earnings ratios (TTM) and dividend yields for various indices indicate that dividend assets are currently undervalued, with the CSI Dividend Index at a P/E ratio of 7.89 and a dividend yield of 4.58% [2] Group 4 - For ordinary investors, dividend ETFs provide a convenient way to invest in undervalued, high-dividend assets, with specific A-share and Hong Kong dividend ETFs recommended for different investor preferences [2] - A-share dividend ETFs include E Fund Dividend ETF (code: 515180) and others, while Hong Kong dividend ETFs like Hang Seng Dividend Low Volatility ETF (code: 159545) are suitable for those seeking lower valuations and diverse sectors [2] Group 5 - The investment logic for dividend assets is becoming clearer due to the convergence of policy guidance, market conditions, and asset characteristics, offering a good safety margin for investors [3]