Global X ETFs投资策略师林健荣则提到，在当前市场环境下，利用备兑认购期权策略可有效管理风险 和增加期权金收益，特别是在科技等高波动板块的应用值得关注。 Global X ETFs 此前发布了三款国指、恒指和恒生科技指数相关的备兑认购期权策略ETF作为波动市况 的创新选择，其中Global X 国指成份股备兑认购期权主动型ETF (3416)，刚刚宣布连续第十五次派息(派 息及息率不保证，可能从股本中分派)。该ETF通过持有股票并卖出认购期权获得期权金，期权金收益 与市场波动率相关性高，市场波动时获取期权金机会或增加。 论坛中，对于港股走势，香港股票分析师协会理事温杰则特别提醒关注美国十年期国债收益率等。香港 股票分析师协会副会长，技术分析专家郭思治认为大市交投偏疏，现阶段处于整固待变格局。此外，专 家们还达成 "主题投资" 共识，郭思治、刘嘉辉等提及科技、EV 汽车板块及美股指数相关产品受投资者 关注，黄金市场表现也被关注。 在论坛上，Global X ETFs的ETF投资分析师黄一民表示，得益于深厚的人才储备以及政策支持，越来越 多的领先中国企业在尖端科技以及高端制造领域取得了令人瞩目的突破，这 ...

Core Viewpoint - Investors should focus on "quality dividends" rather than merely seeking "high dividends," emphasizing a bottom-up stock selection strategy that considers operational resilience, capital allocation discipline, and sustainability of shareholder return policies [1] Group 1: Investment Strategy - Fidelity International emphasizes the importance of identifying high-quality companies in sectors such as information services, finance, utilities, consumer staples, and insurance, which exhibit strong cash flow and stable dividend records [1] - The use of active management strategies, such as covered call options, can enhance portfolio cash flow without significantly sacrificing capital appreciation potential [1] Group 2: Market Outlook - The global stock market is expected to experience volatility through 2025, influenced by geopolitical and trade policy challenges, prompting investors to adjust their confidence and asset allocation [1] - Despite market turbulence, recent data indicates significant capital inflows into global stock markets, although there are signs of slowing capital rotation in North American markets, suggesting a shift towards diversified market allocations [1] Group 3: Geographic Diversification - Diversification across regions, including the U.S., Europe, and Asia, is crucial for enhancing portfolio resilience against market fluctuations and policy changes [2] - U.S. companies face pressure from tariffs and policy disruptions, leading Fidelity to focus less on U.S. stocks and more on service industries that are less directly impacted [2] - European companies with a global revenue base and strong dividend policies present good opportunities for risk diversification and return generation, despite a conservative economic outlook [2] Group 4: Quality and Dividend Growth - High-quality index investments demonstrate higher efficiency and lower volatility, with approximately 40% of total global stock market returns derived from dividends [3] - Dividend growth potential reflects operational quality, allowing investors to participate in capital market growth in a more stable manner [3] - Continuous dividend growth is a key factor, as it not only provides cash flow but also constitutes a significant part of long-term returns [2][3]