Core Viewpoint - The dividend sector has shown resilience this week, with various indices reflecting significant gains, indicating strong investor interest and potential for continued growth in this area [1][3]. Summary by Category Performance of Dividend Indices - The CSI Dividend Low Volatility Index increased by 3.1%, the CSI Dividend Value Index rose by 3.0%, the Hang Seng High Dividend Low Volatility Index gained 1.2%, and the CSI Dividend Index saw a 0.7% increase [1][3]. - The dividend yield for the CSI Dividend Index is 4.4%, while the CSI Dividend Low Volatility Index has a yield of 4.3%, and the Hang Seng High Dividend Low Volatility Index boasts a yield of 6.0% [3][5]. Fund Inflows and Market Interest - The E Fund CSI Dividend ETF (515180) attracted over 600 million yuan in inflows this week, bringing its total size to over 10 billion yuan, a record high [1][3]. - The E Fund CSI Dividend ETF Connect Fund announced a dividend of 0.52 yuan per 10 shares, with the record date on October 20 and payment date on October 21 [1][3]. Long-term Investment Value - Long-term analysis suggests that the dividend sector holds greater allocation value during low interest rate periods, with excess returns negatively correlated with government bond yields [1][4]. - The current ten-year government bond yield is at its lowest since 2002, indicating an opening for price appreciation in dividend assets [1][4]. Composition of Dividend Indices - The CSI Dividend Index comprises 100 stocks with high cash dividend yields and stable dividends, with significant representation from the banking, coal, and transportation sectors, accounting for nearly 55% [4][5]. - The CSI Dividend Low Volatility Index includes 50 stocks characterized by good liquidity and consistent dividends, with over 60% representation from banking, coal, and transportation sectors [4][5]. - The Hang Seng High Dividend Low Volatility Index consists of 50 stocks within the Hong Kong Stock Connect, with over 60% representation from financial, real estate, and energy sectors [4][5].
红利板块本周逆势走强,红利ETF易方达(515180)最新规模超100亿元,创历史新高
Sou Hu Cai Jing·2025-10-17 11:36