Core Viewpoint - The Hong Kong stock market is experiencing a mid-term adjustment, with quality assets becoming more attractive due to improved safety margins and sustained net inflows from southbound capital [1] Group 1: Market Performance - The Hong Kong Stock Connect Low Volatility Dividend ETF (159118) has seen a slight increase of approximately 0.3% [1] - After a one-sided rise in September, the market has undergone a period of adjustment since October [1] Group 2: Investment Strategy - Multiple factors are contributing to the opening of a mid-term trading window in the Hong Kong market, including market adjustments enhancing safety margins and improvements in macro fundamentals [1] - Investors are advised to focus on high-quality stocks with strong dividend sustainability and stable earnings, particularly in growth sectors that have been deeply adjusted due to style shifts [1] Group 3: ETF Characteristics - The Hong Kong Stock Connect Low Volatility Dividend ETF (159118) closely tracks the S&P Hong Kong Stock Connect Low Volatility Dividend Index, which has a strong historical performance and leans towards large-cap value style [1] - The top three industries represented in the index are real estate, utilities, and banking, with the top ten constituent stocks covering high-dividend targets across multiple sectors [1] - The ETF offers low fees (management and custody fees only 0.2%) and high efficiency (T+0 trading), facilitating easy access to Hong Kong stocks, dividends, and low volatility [1]