红利主题ETF受资金追捧，份额创上市以来新高，港股央企红利ETF（513910）成交火爆

Core Viewpoint - The continuous inflow of funds has led to record high shares for several dividend-themed ETFs, including the Hong Kong Central Enterprise Dividend ETF (513910), with the total scale of dividend-themed ETFs (A-shares and Hong Kong) reaching 188 billion yuan, an increase of nearly 70 billion yuan compared to the end of last year [1] Group 1 - The low interest rate environment has made traditional deposits and bonds less attractive, prompting funds to flow into other income-generating assets [1] - In contrast, during the interest rate hike cycle, dividend assets may face challenges, as evidenced by U.S. dividend stocks underperforming the broader market from 2022 to 2024 [1] - Increased market volatility has led investors to seek "safe havens," with dividend assets showing strength while technology sectors like the Sci-Tech Innovation Index and Sci-Tech 50 have experienced declines since October [1] Group 2 - The recent shift in risk appetite among investors has highlighted new income options, contributing to the record high shares of various ETFs, including the Hong Kong Central Enterprise Dividend ETF (513910) [1] - As of December 1, the trading volume of the Hong Kong Central Enterprise Dividend ETF exceeded 400 million yuan, with a one-year dividend yield of approximately 5.7%, significantly higher than the 10-year government bond yield of around 3.8% [1]