红利港股ETF（159331）连续3日资金净流入，市场关注年末高股息配置窗口

Group 1 - The core viewpoint is that the Hong Kong stock high dividend strategy experiences its strongest calendar effect from December to mid-January, leading to higher absolute and excess returns [1] - The main reason for this trend is the asset rebalancing by public funds seeking relative returns, which may lead to a shift from high-valuation growth stocks to high-dividend, high-margin safety stocks in the Hong Kong market [1] - December to January is a peak period for insurance premiums, prompting insurance capital to quickly build positions in high-dividend assets to match liability costs, creating a rigid buying demand [1] Group 2 - The Hong Kong dividend ETF (159331) tracks the Hong Kong Stock Connect High Dividend Index (930914), which selects 30 high-dividend securities with good liquidity and consistent dividends from the Stock Connect range, using a dividend yield weighting method [1] - The constituent stocks cover multiple industry sectors, with a particular focus on the financial and traditional industry sectors, aiming to reflect the overall performance of quality securities under the high dividend strategy [1] - The dividend Hong Kong ETF (159331) has distributed dividends for 16 consecutive months, making it noteworthy [2]