［6月15日］美股指数估值数据（港股红利类指数创新高；全球指数星级更新）

Core Viewpoint - The article discusses the valuation of global stock indices, U.S. Treasury indices, and the performance of various dividend indices, highlighting investment opportunities in overseas markets and the recent trends in Hong Kong dividend indices. Group 1: Market Overview - The global stock market experienced minor fluctuations this week, returning to a rating of 3.2 stars [8] - The European market saw a slight decline, while the Asia-Pacific market remained stable [9][10] - Recent regional conflicts caused some volatility in global markets, but the impact on corporate operations is expected to be minimal and short-lived [11][12][13] Group 2: Hong Kong and A-shares Performance - The Hong Kong stock market experienced a pullback on Thursday and Friday, but overall, it showed a slight increase for the week [14] - A-shares remained stable with little fluctuation [15] - Notably, Hong Kong dividend indices have recently reached historical highs, including the Hong Kong Dividend Index, Hang Seng Dividend Low Volatility, and Shanghai-Hong Kong-Shenzhen Dividend Low Volatility [16][17] Group 3: Dividend Indices Valuation - The article provides a valuation table for various dividend indices, including earnings yield, price-to-earnings ratio, and dividend yield [20][21][22] - The recent rise in dividend indices is attributed to a decrease in deposit rates, leading to a shift of funds from deposits and bonds into dividend and REIT assets [27] - The valuation of dividend indices remains relatively low, with adjustments made during index rebalancing that typically lower the average price-to-earnings ratio of included stocks [28] Group 4: Global Investment Opportunities - The article mentions the availability of global stock index funds in overseas markets, which have substantial assets under management, but such options are limited in mainland China [32] - The company has introduced a "Global Index Advisory Portfolio" that diversifies investments across U.S., UK, Hong Kong, and A-shares to track global stock market performance [33] - There are current restrictions on the purchase amounts for overseas market investment funds, with a maximum daily purchase limit of 350 yuan [34] Group 5: New Book Release - The article announces the release of the new edition of "The Long-Term Investment Guide," which includes updated data and new chapters, emphasizing the importance of stock assets for long-term wealth accumulation [37][40] - The book has achieved significant sales rankings upon release, indicating strong interest in investment literature [38]