红利板块震荡分化，资金逆势布局，红利低波ETF易方达（563020）本周“吸金”超3亿元

Core Viewpoint - The Hang Seng High Dividend Low Volatility Index increased by 0.5% this week, while the CSI Dividend Low Volatility Index and CSI Dividend Index both decreased by 1.8% [1][3]. Group 1: Index Performance - The CSI Dividend Index and CSI Dividend Low Volatility Index both experienced a decline of 1.8% and 1.7% respectively this week [3]. - The Hang Seng High Dividend Low Volatility Index recorded a gain of 0.5% [1][3]. - The dividend yield for the CSI Dividend Index is 4.7%, while the CSI Dividend Low Volatility Index has a yield of 4.6%, and the Hang Seng Index has a yield of 6.0% [3]. Group 2: ETF Fund Flows - The E Fund Dividend Low Volatility ETF (563020) saw a net inflow of over 300 million yuan in the first four trading days of the week [1]. - E Fund is currently the only fund company that implements low fee rates for all its dividend ETFs, with a management fee rate of 0.15% per year for its various products [1][4]. Group 3: Index Composition - The CSI Dividend Index consists of 100 stocks with high cash dividend rates and stable dividends, with over 50% representation from the banking, coal, and transportation sectors [4]. - The CSI Dividend Low Volatility Index is composed of 50 stocks with good liquidity and continuous dividends, with over 60% representation from the banking, coal, and transportation sectors [4]. - The Hang Seng High Dividend Low Volatility Index includes 50 stocks within the Hong Kong Stock Connect that have good liquidity and low volatility, with over 60% representation from the financial, real estate, and energy sectors [4].