高股息红利股股价出现一定幅度的调整，这在今年的行情中还是难得一见的。 最近，高股息红利股出现了短期退潮的现象，典型的个股如中国移动、长江电力等在分红除息后，股价 短线下跌了10%左右，还有不少银行股在分红除息后短线也进入了调整。 高股息红利股股价出现一定幅度的调整，这在今年的行情中还是难得一见的。像中国移动、长江电力以 及工商银行等股票，因为是白马蓝筹股，同时又是高股息红利股，所以在今年的行情中一直都受到国家 队资金、以及以ETF基金为代表的公募基金及各路机构投资者的追捧。所以在今年3月以来的行情中， 基本上是走单边上涨的走势，虽然这期间也有回调，但回调的幅度都很小。 那么，为什么高股息红利股近期却出现了暂时的退潮现象呢？或者说，高股息红利股在分红后股价下跌 说明了什么呢？这确实是一个值得市场各方思考的问题。本人以为，此举至少说明了这样几个问题。 首先，高股息红利股出现短期退潮现象表明，世上没有只涨不跌的股票。虽然高股息红利股一直是国家 队资金以及许多机构投资者的手中宝，但这些股票同样也会有股价回落的时候。所以，即便是高股息的 红利股，投资者买进这类股票也需要有风险意识，也要注意买入股票的时机。而不是任何时候 ...

Core Viewpoint - The People's Bank of China announced a 0.5 percentage point reduction in the reserve requirement ratio for financial institutions, expected to provide approximately 1 trillion yuan in long-term liquidity to the market, alongside a 0.1 percentage point decrease in policy interest rates, creating a favorable environment for high-dividend assets [1] Group 1: Monetary Policy Impact - The recent monetary policy adjustments are aimed at implementing a more proactive macroeconomic policy, which is expected to support the performance of dividend assets in the long term [1] - The decline in the risk-free interest rate is anticipated to enhance the attractiveness of stable dividend income, positioning dividend assets as a key focus for long-term capital seeking value [1] Group 2: ETF Products Overview - E Fund's dividend series ETFs have been progressively developed, with the recent launch of the Dividend Value ETF (563700) complementing existing products like the E Fund Dividend ETF (515180) and the Dividend Low Volatility ETF (563020), providing comprehensive coverage of A-share and Hong Kong markets [1] - The four E Fund dividend ETFs are designed with a core focus on high dividend yields and feature a low management and custody fee of 0.20% per year, which can enhance long-term returns [2] Group 3: Index Composition - The E Fund Dividend ETF (515180) tracks the CSI Dividend Index, which selects 100 stocks with high cash dividend yields and stable dividends, reflecting the overall performance of high-dividend stocks [2] - The Dividend Value ETF (563700) tracks the CSI Dividend Value Index, selecting 50 stocks with good liquidity, continuous dividends, and high dividend yields, using a dividend yield weighting approach [4] - The Dividend Low Volatility ETF (563020) tracks the CSI Dividend Low Volatility Index, focusing on 50 stocks with low volatility and high dividend yields, catering to long-term capital allocation needs [6] Group 4: Dividend Distribution Policies - The three ETFs (563700, 563020, 159545) evaluate excess returns quarterly, with distinct distribution evaluation dates throughout the year, ensuring coverage of dividend distributions across all 12 months [4] - The Heng Seng Dividend Low Volatility ETF (159545) evaluates excess returns and distributable profits on the last trading day of January, April, July, and October [4]