正在直播丨易方达基金杨正旺：红利策略是适宜长期持有的策略，A股的红利指数长期收益明显优于沪深300

Group 1 - The core viewpoint is that the dividend strategy is suitable for long-term holding, with the dividend index showing significantly better long-term returns compared to the CSI 300 [1] - The dividend index can maintain high dividend characteristics and valuation advantages, with historical data showing a 33% increase in the index over the past five years while maintaining a dividend yield around 6% [1] - The dividend index demonstrates a significant preference for low valuations during rebalancing, ensuring the sustainability of dividend income and enhancing the index's adaptability and long-term stability through dynamic industry weight adjustments [1] - The core mechanism of the dividend index is to construct a portfolio of stable earnings and abundant cash flow by selecting the top 100 stocks with the highest average dividend yield over the past three years, providing a composite return feature during interest rate decline cycles [1]