红利板块本周回调，恒生红利低波ETF(159545)和红利ETF易方达(515180)获资金持续布局

Core Viewpoint - The dividend sector experienced a pullback this week, with various indices reflecting declines in performance, while certain ETFs saw significant net inflows, indicating continued investor interest in high-dividend assets [1][2]. Index Performance - The China Securities Dividend Index and the China Securities Dividend Value Index both fell by 2.4%, while the China Securities Low Volatility Dividend Index decreased by 1.9%, and the Hang Seng High Dividend Low Volatility Index dropped by 2.0% [1][2]. - The dividend yield for the China Securities Dividend Index is 4.6%, while the China Securities Low Volatility Dividend Index has a yield of 4.4%, and the Hang Seng High Dividend Low Volatility Index boasts a yield of 6.8% [2][3]. ETF Inflows - The Hang Seng Dividend Low Volatility ETF (159545) and the E Fund Dividend ETF (515180) recorded net inflows of 550 million yuan and 320 million yuan, respectively, this week [1]. - E Fund is noted as the only fund company offering all its dividend ETFs at a low fee rate of 0.15% per year, which supports low-cost investment in high-dividend assets [1][3]. Sector Composition - The China Securities Dividend Low Volatility Index comprises 50 stocks with good liquidity and stable dividends, with significant representation from the banking, coal, and transportation sectors, which together account for over 60% [3]. - The Hang Seng High Dividend Low Volatility Index includes 50 stocks from the Hong Kong Stock Connect, with financial, real estate, and energy sectors making up more than 60% of its composition [3]. Historical Performance - Over the past month, the China Securities Dividend Index has decreased by 6.5%, while the China Securities Low Volatility Dividend Index has fallen by 5.9% [5]. - Year-to-date, the China Securities Low Volatility Dividend Index has shown a slight increase of 0.1%, while the Hang Seng High Dividend Low Volatility Index has risen by 21.0% [5].