截至2025年9月5日 13:36，中证红利低波动100指数下跌0.16%。成分股方面涨跌互现，特变电工领涨4.80%，江苏国泰上涨3.92%，山西焦煤上涨2.81%；农 业银行领跌3.32%，邮储银行下跌2.97%，中信银行下跌2.37%。红利低波100ETF(159307)多空胶着，最新报价1.08元。拉长时间看，截至2025年9月4日，红 利低波100ETF近3月累计上涨3.52%，涨幅排名可比基金1/5。 流动性方面，红利低波100ETF盘中换手0.5%，成交638.76万元。拉长时间看，截至9月4日，红利低波100ETF近1周日均成交2237.09万元，排名可比基金前 2。 截至2025年9月5日 13:36，恒生港股通高股息率指数上涨0.96%，成分股恒隆地产上涨4.75%，中国宏桥上涨3.79%，波司登上涨3.56%，粤海投资上涨 2.95%，信义玻璃上涨2.94%。港股红利ETF博时(513690)上涨0.84%，最新价报1.08元。拉长时间看，截至2025年9月4日，港股红利ETF博时近3月累计上涨 7.99%。 流动性方面，港股红利ETF博时盘中换手1.63%，成交7984.61万元。拉长 ...

Market Performance - The National Securities Large Cap Value Index decreased by 0.70% as of September 4, 2025, with mixed performance among constituent stocks [2] - The Hang Seng High Dividend Yield Index fell by 1.08%, showing a similar trend of mixed stock performance [7] - The CSI Dividend Low Volatility 100 Index declined by 0.21%, reflecting a downward trend in the market [5] ETF Performance - The Large Cap Value ETF (159391) dropped by 0.45%, with a recent price of 1.1 yuan, but has seen a 4.25% increase over the past three months [2] - The Dividend Low Volatility 100 ETF (159307) decreased by 0.37%, currently priced at 1.08 yuan, with a 3.92% increase over the last three months [5] - The Hong Kong Dividend ETF (513690) fell by 0.84%, priced at 1.07 yuan, but has increased by 1.23% over the past month [7] Trading Volume and Liquidity - The Large Cap Value ETF had a turnover of 0.06% with a transaction volume of 290,100 yuan, averaging 4.4 million yuan daily over the past year [2] - The Dividend Low Volatility 100 ETF recorded a turnover of 1.27% with a transaction volume of 16.02 million yuan, averaging 22.9 million yuan daily over the past week [5] - The Hong Kong Dividend ETF had a turnover of 2.1% with a transaction volume of 102 million yuan, averaging 218 million yuan daily over the past month [7] Market Sentiment and Analysis - The recent market decline is attributed to investors' profit-taking ahead of the "93 Military Parade," reflecting a consensus expectation of market performance [8] - The core logic driving the market's previous rise is not solely linked to the parade, suggesting that the current adjustment is a healthy trading behavior [8] - Future focus should be on low-valued sectors with potential for rebound, particularly those with policy support or improving fundamentals [8] Sector Insights - The Large Cap Value ETF tracks the National Securities Large Cap Value Index, which includes major financial sector stocks with high dividend yields [9] - The Dividend Low Volatility 100 ETF focuses on companies with high dividend yields and low volatility, with the banking sector being the largest contributor [9] - The Hong Kong Dividend ETF tracks high dividend stocks available through the Hong Kong Stock Connect, with real estate and banking being significant sectors [11]