ETF及指数产品网格策略周报

Grid Trading Strategy Overview - Grid trading is a high buy low sell strategy that capitalizes on price fluctuations without predicting market trends, suitable for volatile markets[1] - Investors can enhance returns by repeatedly capturing small price differences in a sideways market until a clear market direction emerges[1] Suitable ETF Characteristics - Ideal grid trading targets include on-exchange products, stable long-term trends, low transaction costs, good liquidity, and high volatility[1] - Equity ETFs are considered appropriate for grid trading due to these characteristics[1] Key ETF Recommendations - Hong Kong Dividend ETF (159691.SZ): High dividend yield remains attractive despite a 20%-28% dividend tax for Hong Kong Stock Connect investors; AH premium index at 145.75 indicates a favorable valuation[2] - Pharmaceutical ETF (512010.SH): Long-term growth potential remains strong due to aging population and ongoing clinical challenges; overall industry risk has been largely cleared[3] - Nasdaq Technology ETF (159509.SZ): Expected to benefit from a clear fiscal policy under "Trump 2.0" and cautious Fed rate cuts, supporting a potential market uptrend[3] Risk Considerations - Risks include slower-than-expected domestic economic recovery, U.S. economic rebound, inflation data, and geopolitical uncertainties[4] - Past performance of funds does not guarantee future results; reliance on historical data may lead to discrepancies in real trading scenarios[4]