把握红利港股ETF（159331）投资价值，连续分红15个月，关注港股通高股息板块防御属性

Core Viewpoint - The Hong Kong Stock Connect high dividend sector exhibits defensive attributes in the current market environment, particularly as weakening economic data and a strengthening US dollar lead to decreased market risk appetite [1] Industry Performance - Traditional high dividend sectors such as banking have become the preferred choice for capital during market fluctuations due to their stable dividend capabilities and lower valuation levels [1] - Cyclical sectors like energy and utilities are also attracting allocation demand due to their stable earnings and high dividend yields [1] - If economic stimulus policies are intensified, certain high dividend cyclical industries may further benefit from expectations of earnings recovery [1] Investment Product - The Dividend Hong Kong Stock ETF (159331) tracks the Hong Kong Stock Connect high dividend index (930914), which selects 30 securities with continuous dividends, good liquidity, and outstanding dividend yields from the Hong Kong Stock Connect range [1] - This index primarily covers traditional high dividend industries such as finance, energy, and industrials, reflecting the overall performance characteristics of high dividend, low valuation sectors in the Hong Kong market [1] - Notably, the Dividend Hong Kong Stock ETF (159331) has distributed dividends for 15 consecutive months, making it noteworthy [1]