春季行情的级别和定位判断不变，港股通红利低波ETF基金（159118）低位布局窗口打开

Group 1 - The Hong Kong Stock Connect Dividend Low Volatility ETF (159118) experienced a fluctuation, currently down approximately 0.6%, with most holdings declining, while only a few, such as China CNR Corporation, Beijing Enterprises, and VTech Holdings, showed gains [1] - According to Shenwan Hongyuan Securities, the risk factors for insurance companies' related businesses have been lowered, allowing for significant equity allocation space, estimated to be in the hundreds of billions, as insurance funds increase their equity allocation ratio [1] - The historical long-term performance of the S&P Hong Kong Stock Connect Low Volatility Dividend Index is notable, with a cumulative increase of 102.23% and an annualized return exceeding 16% since 2021, significantly outperforming the Hang Seng Index and other related indices [1] Group 2 - The Hong Kong Stock Connect Dividend Low Volatility ETF (159118) closely tracks the S&P Hong Kong Stock Connect Low Volatility Dividend Index, focusing on large-cap value stocks, providing investors with low fees (management and custody fees only 0.2%) and high efficiency (T+0 trading) [2] - The ETF allows for quarterly assessments and profit distributions, with arrangements for profit distribution when conditions are met [2]