趁调整抢筹？连续第4周获净流入，港股通红利ETF（159220）场内收涨0.48%

Core Viewpoint - The A-share market showed narrow fluctuations on November 19, while the Hang Seng Index slightly declined by 0.38%. High dividend stocks became the focus in both A and H markets, with the Hong Kong Dividend ETF (159220) rising by 0.48% despite market adjustments, indicating strong buying interest from investors [1][2]. Group 1: Market Performance - The Hong Kong Dividend ETF (159220) traded at a premium of 0.43% at closing, reflecting a robust demand for high dividend assets [1]. - Southbound funds have significantly increased their positions in Hong Kong stocks, with net inflows reaching nearly 86 billion HKD in November alone, and over 1.3 trillion HKD year-to-date [2][3]. Group 2: Index and Fund Characteristics - The S&P Hong Kong Stock Connect Low Volatility Dividend Index rose by 0.20%, with major contributors being the "three oil giants" (Sinopec, PetroChina, and CNOOC) and sectors like non-ferrous metals and transportation [3]. - The Hong Kong Dividend ETF (159220) tracks the S&P Hong Kong Stock Connect Low Volatility Dividend Index, which selects 50 stocks based on high dividend yield and low volatility, with a dividend yield of 5.54% as of October 2025 [5]. Group 3: Investment Insights - The index has shown strong performance metrics, with the highest annualized return among dividend style indices and a favorable risk-return profile, evidenced by a maximum drawdown recovery time of only 21 days [5]. - The index's structure includes limits on individual stock and industry weightings, enhancing risk diversification and making it attractive for investors focused on sustainable earnings and dividends [5].