Group 1 - The A-share market experienced a pullback on January 20, with growth sectors adjusting while dividend sectors showed resilience [3][7] - GF Securities predicts that A-share valuations may break historical patterns and increase for three consecutive years by 2026 [3][7] - 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 [3][7] Group 2 - The S&P A-share Dividend ETF (华宝 562060) tracks the S&P China A-share Dividend Opportunities Index, showing a 4.76% return over the past year [1] - The Hong Kong Stock Connect Low Volatility Dividend ETF (华宝 159220) tracks the S&P Hong Kong Stock Connect Low Volatility Dividend Index, with a return of 5.08% over the past year [1] - The CSI 800 Low Volatility Dividend ETF (华宝 159355) focuses on large and mid-cap stocks, with a return of 8.43% over the past year [7]
红利风向标 | 三大指数集体回调，红利风格逆市走强
Xin Lang Cai Jing·2026-01-21 01:04