Core Insights - The investment landscape in A-shares is showing signs of strength as 2025 approaches its conclusion, with investors seeking opportunities amid market fluctuations [1] - Looking ahead, it is crucial to grasp relative certainty in the face of changing market dynamics, with a positive long-term outlook for A-share investments despite various disruptive factors [1] Dividend Assets - In a low interest rate environment, dividend assets exhibit significant appeal due to their high dividend yields, which are attractive compared to declining returns from other interest-sensitive products [3][4] - The dividend yield for the CSI Dividend Index and the CSI Hong Kong Stock Connect High Dividend Investment Index stands at 4.29% and 5.75%, respectively, both exceeding the yields of the Shanghai Composite Index and the Hang Seng Index [3][4] Long-term Performance - Dividend assets have not only attracted attention recently but have also demonstrated strong long-term performance, with the CSI Dividend Index rising 465.17% since 2005, significantly outperforming the Shanghai Composite Index and the Shenzhen Component Index during the same period [5][7] New Fund Launch - The newly launched Jianxin Dividend Select Mixed Fund aims to capitalize on dividend asset opportunities, with a stock allocation of 60-95% and a minimum of 80% of non-cash fund assets invested in dividend-related stocks [7][8] - The fund will adopt a dual-market strategy, investing in both A-shares and Hong Kong stocks to leverage the advantages of each market, particularly in terms of dividend yield and valuation [8] Investment Strategy - The fund will utilize a quantitative investment strategy, focusing on high-quality stocks with stable historical dividends or strong future dividend potential, while also considering growth and valuation metrics [8][9] - The fund manager, Jiang Yanze, emphasizes a top-down investment research framework that incorporates macroeconomic factors, liquidity conditions, and market sentiment to identify investment opportunities [9]
2025投资即将收官，下一站去哪？
Zhong Guo Ji Jin Bao·2025-11-13 01:53