港股红利风景好！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

Core Viewpoint - The Hong Kong stock market is experiencing a pullback, with investors shifting towards dividend-paying assets due to profit-taking in the technology sector and a preference for lower-risk investments as the year ends [1] Fund Flows and Preferences - Southbound funds are increasingly allocating to Hong Kong dividend stocks, with banks being the most favored sector over the past month, followed by oil and petrochemicals, and non-bank financials [1] - The Hong Kong Dividend ETF (513530) and the Hong Kong Dividend Low Volatility ETF (520890) are becoming popular choices for mainstream fund allocations, with the former seeing a net inflow of 374 million yuan over 11 consecutive trading days [2] Dividend Yield and Performance - The high dividend yield of Hong Kong dividend assets is becoming more attractive in a low-interest-rate environment, with the Hong Kong Dividend ETF and the Low Volatility ETF showing yields of 5.46% and 5.65%, respectively, significantly higher than the 1.81% yield of 10-year government bonds [3] - Over the past year, the cumulative returns of the Hong Kong Dividend ETF and the Low Volatility ETF were 36.97% and 40.71%, outperforming several A-share dividend indices and the Hang Seng Technology Index [3] Shareholder Returns - The Hong Kong market has a strong emphasis on shareholder returns, with the average dividend amounts for the Hong Kong Dividend Index components significantly exceeding those of A-share indices, indicating a more robust dividend-paying capability [4] Fund Characteristics - The Hong Kong Dividend ETF (513530) is the first ETF in the A-share market that allows investment in the Hong Kong Dividend Index through the QDII model, potentially reducing dividend tax costs for long-term holders [5] - Both the Hong Kong Dividend ETF and the Low Volatility ETF support T+0 trading, providing flexibility for investors [6] Management and Performance - The fund manager, Huatai-PB Fund, has over 18 years of experience in index investment and has developed a comprehensive range of dividend-themed ETFs [7] - As of November 13, 2025, the total management scale of Huatai-PB's dividend-themed ETFs reached 47.879 billion yuan, with the Hong Kong Dividend ETF showing returns of 3.59%, 7.14%, 30.16%, and 12.94% for the years 2022 to 2025 [8]