年化超10%的中证800红利低波，真的很能打！

Core Viewpoint - Dividend assets are not only defensive but also exhibit strong offensive capabilities in the current slow bull market, as evidenced by significant index performance since September 24, 2024 [1][3]. Group 1: Performance of Dividend Assets - From September 24, 2024, to November 30, 2025, the Hang Seng and Shanghai-Hong Kong Dividend 50 Index increased by 35.67%, while the CSI 800 Dividend Low Volatility Index rose by 18.84% [1][3]. - Since the end of 2021, the main dividend indices have shown a smaller decline compared to the overall market during periods of significant market adjustments [2]. Group 2: Year-End Market Trends - Historical data indicates that the year-end market, particularly December, is favorable for dividend assets, with higher win rates compared to growth-oriented styles [4]. - Key sectors with high win rates in December include home appliances (approximately 80%), banks (about 65%), and oil and petrochemicals (around 60%) [4]. Group 3: Low Volatility Dividend Strategy - The combination of dividend and low volatility strategies enhances asset stability and investment experience, optimizing risk-return profiles [6]. - The CSI 800 Dividend Low Volatility Index employs a four-step screening process to ensure the selection of stable, high-dividend companies while minimizing exposure to high volatility stocks [6][7]. Group 4: Characteristics of CSI 800 Dividend Low Volatility Index - The CSI 800 Dividend Low Volatility Index has shown a 223% increase since its base date (December 31, 2013), outperforming the CSI 800 Index by 130% [8]. - The average dividend yield of the CSI 800 Dividend Low Volatility Index is 4.48%, with a three-year average yield of 5.39%, providing substantial cash flow in a low-interest-rate environment [8]. - The index has a nearly 91% annual win rate over the past eleven years, with ten years showing positive returns [8]. Group 5: Industry Distribution - The CSI 800 Dividend Low Volatility Index is primarily focused on bond-like dividends, with banks making up about 26.5% of the index, followed by utilities and transportation [9]. - This balanced industry distribution allows the index to maintain defensive characteristics while capturing growth opportunities from cyclical and consumer sectors [9]. Group 6: Investment Products - Xinyuan Fund has launched the Xinyuan CSI 800 Dividend Low Volatility ETF and its associated funds, providing convenient investment options that track the index closely [10]. - These products are suitable for various investor preferences, offering a combination of high dividend yields and low volatility characteristics to enhance investment safety [10].