越跌越买！加仓

Core Viewpoint - On December 2, the A-share market experienced a collective decline, but the stock ETF market showed relative stability with a net inflow of 16.19 billion yuan, indicating a shift towards dividend assets as attractive investment options amid market volatility [2][4]. Group 1: ETF Market Performance - The total scale of all stock ETFs in the market reached 4.55 trillion yuan as of December 2, with a net inflow of 16.19 billion yuan on that day [4]. - The dividend sector saw significant inflows, totaling 20.2 billion yuan, with notable contributions from various ETFs, including the Everbright Fund's Hang Seng Dividend Low Volatility ETF, which had a net inflow of 1.56 billion yuan, reaching a historical high of 64.06 billion yuan [4][5]. - Other sectors such as non-ferrous metals, securities, pharmaceuticals, and Hang Seng Technology also attracted substantial inflows, amounting to 6.4 billion yuan, 5.7 billion yuan, 4 billion yuan, and 3.8 billion yuan respectively [5]. Group 2: Fund Manager Insights - Fund manager Huo Huaming from GF Fund highlighted that with the upcoming Federal Reserve meeting, market volatility is expected to increase, making dividend assets more appealing due to their defensive nature [4][5]. - The Hang Seng Index is currently trading at approximately 12 times PE and 1.2 times PB, which are considered low valuations compared to major global markets, further enhancing the attractiveness of dividend stocks [4]. Group 3: ETF Inflows and Outflows - The top inflowing ETFs on December 2 included the S&P Dividend ETF with a net inflow of 3.69 billion yuan and the Industrial Non-Ferrous ETF with 2.82 billion yuan [6]. - Conversely, the broad-based ETFs experienced significant outflows, with a total of 25.2 billion yuan leaving the market, primarily from the CSI 300 Index and the CSI 500 Index ETFs, which saw outflows of 7 billion yuan each [9][10].