国企红利ETF(159515)红盘蓄势，高股息资产在市场避险情绪下凸显防御属性

Core Viewpoint - The article highlights the performance of the China Securities State-Owned Enterprises Dividend Index and the attractiveness of dividend stocks in the current market environment, particularly in the context of rising risk aversion and the potential for policy support in the fourth quarter [1][2]. Group 1: Index Performance - As of November 27, 2025, the China Securities State-Owned Enterprises Dividend Index increased by 0.20%, with notable gains from stocks such as LUXI Chemical (+2.67%) and Western Mining (+2.66%) [1]. - The National Enterprise Dividend ETF (159515) rose by 0.09%, with a turnover rate of 1.75% and a transaction volume of 771,300 yuan [1]. Group 2: Market Conditions - Entering the fourth quarter, there is significant profit-taking pressure, coupled with increased volatility in overseas markets, leading to a decline in equity risk appetite [1]. - The dividend style of investment is becoming more attractive due to the stability of leading companies and strong dividend certainty, especially during periods of heightened volatility in popular sectors [1]. Group 3: Investment Appeal - According to Debon Securities, dividend stocks are appealing in the current market due to their high dividend yield and defensive characteristics, particularly as funds shift towards high-dividend assets amid fluctuating expectations regarding U.S. Federal Reserve interest rate cuts [1]. - The China Securities State-Owned Enterprises Dividend Index comprises 100 listed companies selected for their high cash dividend yields and stable dividends, reflecting the overall performance of high-dividend securities among state-owned enterprises [1]. Group 4: Top Holdings - As of October 31, 2025, the top ten weighted stocks in the China Securities State-Owned Enterprises Dividend Index accounted for 17.08% of the index, with notable companies including COSCO Shipping Holdings and Jizhong Energy [2].