红利板块持续震荡，资金加仓力度不减，恒生红利低波ETF（159545）规模突破60亿元
Sou Hu Cai Jing·2025-11-28 10:41

Core Viewpoint - The dividend sector experienced fluctuations this week, with the Hang Seng High Dividend Low Volatility Index rising by 0.9%, while the CSI Dividend Index and CSI Dividend Low Volatility Index both fell by 0.2% and 0.6% respectively [1][2]. Index Performance - The CSI Dividend Index decreased by 0.2% this week, with a dividend yield of 4.3% and a rolling price-to-earnings (P/E) ratio of 8.6 times [2]. - The CSI Dividend Low Volatility Index fell by 0.6%, maintaining a dividend yield of 4.1% and a rolling P/E ratio of 8.6 times [2]. - The Hang Seng High Dividend Low Volatility Index increased by 0.9%, boasting a higher dividend yield of 5.8% and a lower rolling P/E ratio of 7.8 times [2]. - The CSI Dividend Value Index also saw a decline of 0.6%, with a dividend yield of 4.2% and a rolling P/E ratio of 8.1 times [2]. ETF Insights - The Hang Seng Dividend Low Volatility ETF (159545) attracted nearly 700 million yuan this week, bringing its total size to over 6 billion yuan, a record high [1]. - E Fund is currently the only fund company offering all dividend ETFs at a low fee rate of 0.15% per year, which includes products like the Hang Seng Dividend Low Volatility ETF and others [1][3]. Sector Composition - The CSI Dividend Index comprises 100 stocks with high cash dividend yields and stable dividends, with significant representation from the banking, coal, and transportation sectors, accounting for nearly 55% [3]. - The CSI Dividend Low Volatility Index consists of 50 stocks with good liquidity and stable dividends, with over 60% representation from the banking, coal, and transportation sectors [3]. - The Hang Seng High Dividend Low Volatility Index includes 50 stocks within the Hong Kong Stock Connect, with over 60% representation from the financial, real estate, and energy sectors [3]. - The CSI Dividend Value Index is made up of 50 stocks with high dividend yields and value characteristics, with over 75% representation from the banking, coal, and transportation sectors [3].