红利风向标 | 关注红利资产与景气成长搭配的“哑铃策略”

Core Viewpoint - The market is showing signs of recovery, potentially entering a "spring market" phase, suggesting a strategic allocation of assets between high-dividend and quality cash flow assets, and high-growth assets to capture market opportunities [3][7]. Fund Performance Summary - The Hwabao A-Share Dividend ETF (562060) has a latest dividend yield of 4.76% with a one-year return of 23.89% and a one-year annualized volatility of 10.79% [1]. - The Hwabao Hong Kong Stock Connect Low Volatility Dividend ETF (159220) shows a one-year return of 26.9% and an annualized volatility of 11.77% [2][6]. - The Hwabao A500 Low Volatility Dividend ETF (159296) has a one-year return of 1.06% and an annualized volatility of 8.40% [2][6]. - The Hwabao 800 Low Volatility Dividend ETF (159355) reports a one-year return of 0.49% with an annualized volatility of 8.30% [2][6]. - The Hwabao Cash Flow ETF (562080) tracks the CSI 300 Free Cash Flow Index, showing a one-year return of 15.57% [3][7]. Market Strategy - Investors are advised to adopt a "barbell strategy," balancing high-dividend and quality cash flow assets with high-growth assets aligned with industry trends and policy directions to mitigate volatility during market corrections [3][7].