最低费率一档，可T+0交易的港股通红利低波ETF基金（159118）今日上市

Core Viewpoint - The newly listed Hong Kong Stock Connect Low Volatility Dividend ETF (159118) aims to provide investors with a better investment option focusing on high dividend yield and low volatility stocks [1] Group 1: Fund Overview - The ETF closely tracks the S&P Hong Kong Stock Connect Low Volatility Dividend Index, which balances industry coverage and has a relatively even distribution across sectors [1] - The top three sectors represented in the index are Real Estate (16%), Utilities (15%), and Banks (14%) [1] - The fund has a market capitalization bias towards large-cap stocks, with a price-to-earnings (PE) ratio of less than 9 [1] Group 2: Historical Performance - The historical performance of the S&P Hong Kong Stock Connect Low Volatility Dividend Index is notable, with a total return index (including dividends) showing a cumulative increase of 94.95% from 2021 to October 22, 2025, translating to an annualized return exceeding 16% [1] - This performance significantly outpaces the Hang Seng Index and other dividend-focused indices [1] Group 3: Risk and Return Metrics - According to Huatai Securities, the Low Volatility Dividend style index has strong metrics in terms of return, risk, and dividend yield, with the S&P Hong Kong Stock Connect Low Volatility Dividend Index achieving the highest annualized return this year [1] - The Sharpe ratio and Calmar ratio median for the Low Volatility Dividend style index rank among the top in its category [1]