红利风向标 | 市场进入政策和业绩真空期，红利风格或持续占优

Group 1 - The latest dividend yield for Hwabao Fund is 5.18% as of November 6, 2025 [1] - The S&P China A-Share Dividend Opportunity Index is being tracked by the fund [1] - The annualized volatility for the index is reported at 11.54% [1] Group 2 - The S&P Hong Kong Stock Connect Low Volatility Dividend Index shows a one-year return of 25.42% [2] - The annualized volatility for this index is 5.32% [2] - The A500 Low Volatility Dividend ETF has a one-year return of 6.42% [2] Group 3 - The Cash Flow ETF tracks the CSI 300 Free Cash Flow Index and has a one-month return of 0.18% [3] - The annualized volatility for the Cash Flow ETF is 9.77% [3] - The Shanghai Composite Index has shown a one-year return of 17.19% [3] Group 4 - MACD golden cross signals have formed, indicating positive momentum for certain stocks [4]