红利风向标 | 市场或进入牛市整理期，红利配置价值凸显

Group 1 - The latest dividend yield for Hwabao Fund is 4.92% as of November 12, 2025 [1] - The S&P China A-Share Dividend Opportunity Index is being tracked by the fund [1] - The fund's performance over the past year shows a return of 11.74%, outperforming the Shanghai Composite Index which had a return of 0.84% [1] Group 2 - The S&P Hong Kong Stock Connect Low Volatility Dividend Index is being tracked by another fund, which has shown a return of 30.93% over the past year [2] - The annualized volatility for this fund is reported at 3.44% [2] - The A500 Low Volatility Dividend ETF has a return of 8.30% over the past month, with an annualized volatility of 9.86% [2] Group 3 - The MACD golden cross signal has formed, indicating a positive trend for certain stocks [4]