春季行情有望提前展开，港股通红利低波ETF基金（159118）布局价值凸显

Group 1 - A-shares opened high but closed lower on December 11, with the Hong Kong Stock Connect Low Volatility Dividend ETF (159118) narrowing its intraday gains to approximately 0.1%, while constituent stocks showed mixed performance, with companies like Cheung Kong Infrastructure, Henderson Land, Cathay Pacific, and Sino Land leading the gains [1] - Huajin Securities indicated that clear policy signals in the short term could help stabilize and enhance market expectations for economic recovery and profit restoration, while a "moderately loose monetary policy" further reinforces the expectation of maintaining reasonable liquidity, which may collectively support an early spring market rally [1] - In the medium to long term, if the positive policy tone effectively promotes a recovery in the credit cycle and structural improvement in corporate profits, it will solidify the logic of a gradual rise in A-shares [1] Group 2 - The Hong Kong Stock Connect Low Volatility Dividend ETF (159118) closely tracks the S&P Hong Kong Stock Connect Low Volatility Dividend Index (in HKD), with constituent stocks leaning towards large-cap value styles, providing investors with low fees (management and custody fees only 0.2%) and high efficiency (T+0 trading) for a one-click layout of Hong Kong stocks, dividends, and low volatility [1] - Additionally, the Hong Kong Stock Connect Low Volatility Dividend ETF can conduct quarterly evaluations and profit distributions, with arrangements for profit distribution if the fund meets the dividend conditions [1]