Core Viewpoint - The Hong Kong stock market is experiencing a pullback, with investors shifting towards dividend-paying stocks due to profit-taking in the technology sector and a preference for lower-risk assets [1][2] Fund Flows and Preferences - Southbound funds are increasingly allocating to Hong Kong dividend stocks, with the banking sector being the most favored over the past month, followed by oil and petrochemicals, and non-bank financials [1] - The Hong Kong Dividend ETF (513530) has seen continuous net inflows for 11 trading days since October 30, 2025, accumulating a total of 374 million yuan [1] Dividend Yield and Performance - The Hong Kong Dividend ETFs (513530 and 520890) have attractive dividend yields of 5.46% and 5.65%, significantly higher than the 1.81% yield of 10-year government bonds, making them appealing in a low-interest-rate environment [2] - Over the past year, the cumulative returns for these ETFs have been 36.97% and 40.71%, outperforming major A-share dividend indices and the Hang Seng Technology Index [2] Shareholder Returns and Dividend Capability - Hong Kong-listed companies exhibit a strong willingness to distribute dividends, with average declared dividends for the first half of 2025 being 23.129 billion yuan and 12.899 billion yuan for the respective indices, surpassing A-share indices [3] - The Hong Kong Dividend ETF (513530) is the first ETF in the A-share market to invest in the Hong Kong high dividend index through the QDII model, potentially reducing dividend tax costs for long-term holders [3] Management and Experience - The management of the Hong Kong Dividend ETFs, Huatai-PB Fund, has over 18 years of experience in index investment and has been proactive in the dividend ETF sector since 2006 [4] - As of November 13, 2025, the total management scale of Huatai-PB's dividend-themed ETFs reached 47.879 billion yuan [4]
港股红利类资产风景或好！港股通红利ETF（513530）、港股通红利低波ETF（520890）跟踪标的股息率吸引力增强
Mei Ri Jing Ji Xin Wen·2025-11-14 05:30