大盘今日高开低走，红利板块跌幅相对较窄，指数层面，恒生港股通高股息低波动指数、中证红利价值指数均下跌0.4%，中证红利低波动指数下跌0.5%， 中证红利指数下跌0.8%，恒生红利低波ETF（159545）全天净申购达4500万份。资金持续加仓，Wind数据显示，恒生红利低波ETF（159545）和红利ETF易 方达（515180）近一周分别获6.3亿元和2.5亿元资金净流入。 据悉，易方达基金是目前唯一一家红利类ETF全部实行低费率的基金公司，旗下恒生红利低波ETF（159545）、红利ETF易方达（515180）、红利低波动 ETF（563020）、红利价值ETF（563700）、A500红利低波ETF（563510）等产品的管理费率均为0.15%/年，可助力投资者低成本布局高股息资产。 该指数由50只流动性好、连续分红、 红利支付率适中、每股股息正增长 以及股息率高目波动率低的股票组 成,反映分红水平高且波动率低的A 股上市公司股票的整体表现,银行、 交通运输、建筑装饰行业合计占比 超65% 令日 该指数涨跌 -0. 5% 恒生红利低波ETF 低费率 跟踪恒生港股通高股息低波动指 该指数由港股通范围内50 ...

Group 1 - The core viewpoint of the news is that the dividend sector continues to experience fluctuations, with the commercial and transportation sectors rising, while the banking sector is leading the decline [1] - The CSI Dividend Index and the Hang Seng High Dividend Low Volatility Index both increased by 0.1%, while the CSI Dividend Value Index decreased by 0.4% and the CSI Dividend Low Volatility Index fell by 0.5% [1] - The Hang Seng Dividend Low Volatility ETF (159545) saw a net subscription of over 100 million units throughout the day, indicating strong investor interest [1] Group 2 - The Hang Seng Dividend Low Volatility ETF is currently the only dividend ETF managed by a fund company that implements a low fee rate of 0.15% per year across all its products, which helps investors to cost-effectively allocate to high dividend assets [1] - The index consists of 50 stocks that are liquid, have a history of continuous dividends, moderate dividend payout ratios, positive growth in earnings per share, and high dividend yields with low volatility [3] - The banking, transportation, and construction sectors collectively account for over 65% of the index [3]

大盘今日震荡上行，煤炭、石油化工等能源股回调，银行板块震荡分化。指数层面，中证红利低波动指数下跌0.2%，中证红利价值指数下跌0.4%，中证红 利指数下跌0.6%，恒生港股通高股息低波动指数下跌1.3%，资金逆势加仓，恒生红利低波ETF（159545）全天获近1亿份净申购。 据悉，易方达基金是目前唯一一家红利类ETF全部实行低费率的基金公司，旗下恒生红利低波ETF（159545）、红利ETF易方达（515180）、红利低波动 ETF（563020）、红利价值ETF（563700）、A500红利低波ETF（563510）等产品的管理费率均为0.15%/年，可助力投资者低成本布局高股息资产。 1. 3% 红利价值ETF 保護率 跟踪中证红利价值指数 该指数由50只流动性好、连续分红、 红利支付率适中、每股股息正增长 以及股息率高目波动率低的股票组 成,反映分红水平高且波动率低的A 股上市公司股票的整体表现,银行、 交通运输、建筑装饰行业合计占比 超65% 令日 该指数涨跌 -0. 2% 恒生红利低波ETF 低费率 跟踪恒生港股通高股息低波动指数 该指数由港股诵范围内50只流动性 较好、连续分红、红利支付率适中 且 ...

智通财经APP获悉，近年来，国内指数投资市场的扩容速度堪称迅猛。2003年，首只完全复制指数 的基金诞生后，公募指数产品规模用16年突破1万亿；至2024年，仅5年便跨越了5万亿关口。截至今年 三季度末，全市场非货币 ETF、ETF 联接基金及其他场外指数基金规模合计已逼近8万亿，年内增长达 2.1万亿，其中易方达旗下的公募指数产品规模已突破万亿，位列行业之首。 指数产品的投资运作远非"简单复制"，从跟踪误差的控制、超额收益的获取，到全流程的风险管 理，每一个环节都充满了技术细节，绝非易事。指数投资的专业性，体现在管理人对细微之处的极致追 求和经年累月的打磨之中。 如何精准控制跟踪误差? 对于指数投资而言，紧密跟踪标的指数是首要目标，跟踪误差的控制能力直接体现基金公司的专业 功底。 指数基金跟踪误差主要源于股票仓位偏离、个股权重偏离，因此精准控制跟踪误差，简单来说，就 是尽量保证指数基金的持仓组合与指数成份股权重分布一致。基金经理通常需要一方面做好基金股票仓 位的管理，预留一定的现金比例保证基金的安全运作，另一方面则要深入钻研指数的编制规则，监控指 数成份股的偏离程度，针对成份股定期调整、股本变动等事件进行优 ...

今日早盘，红利板块震荡分化，截至午间收盘，中证红利价值指数、中证红利指数均上涨0.2%，中证红利低波动指数上涨0.02%，恒生港股通高股息低波动 指数下跌0.6%，恒生红利低波ETF（159545）半日净申购超1亿份。 据悉，易方达基金是目前唯一一家红利类ETF全部实行低费率的基金公司，恒生红利低波ETF（159545）、红利ETF易方达（515180）、红利低波动ETF （563020）、红利价值ETF（563700）、A500红利低波ETF（563510）等产品管理费率均为0.15%/年，可助力投资者低成本布局高股息资产。 该指数由50只流动性好、连续分红、 红利支付率适中、每股股息正增长 以及股息率高目波动率低的股票组 成,反映分红水平高且波动率低的A 股上市公司股票的整体表现,银行、 交通运输、建筑装饰行业合计占比 超65% 截至午间收盘 该指数涨跌 0. 0% 恒生红利低波ETF 低费率 跟踪恒生港股通高股息低波动指数 该指数由港股诵范围内50只流动性 较好、连续分红、红利支付率适中 且波动率较低的股票组成,反映分 红水平高且波动率低的港股通范围 内上市公司整体表现, 金融、工业、 能源行业占比超6 ...

Group 1 - The core viewpoint of the news is the performance of various dividend indices, with the CSI Dividend Low Volatility Index rising by 1.5% this week, and the Hang Seng High Dividend Low Volatility Index increasing by 1.2% [1][2] - The CSI Dividend Index and CSI Dividend Value Index also showed positive growth, with increases of 0.3% and 0.7% respectively [1][2] - The Hang Seng Dividend Low Volatility ETF (159545) experienced a net inflow of 770 million yuan this week, while the Dividend Low Volatility ETF (563020) saw a net inflow of 34 million yuan [1] Group 2 - The CSI Dividend Index consists of 100 stocks with high cash dividend yields and stable dividends, with significant representation from the banking, coal, and transportation sectors, accounting for nearly 55% [3] - The CSI Dividend Low Volatility Index is composed of 50 stocks with good liquidity and low volatility, with over 60% representation from the banking, coal, and transportation sectors [3] - The Hang Seng High Dividend Low Volatility Index includes 50 stocks from the Hong Kong Stock Connect with high dividend levels and low volatility, with over 60% representation from the financial, real estate, and energy sectors [3] Group 3 - The CSI Dividend Index has a dividend yield of 4.2%, while the CSI Dividend Low Volatility Index has a yield of 4.0%, and the Hang Seng High Dividend Low Volatility Index has a yield of 5.7% [2] - The rolling price-to-earnings (P/E) ratios for these indices are 8.7 times for the CSI Dividend Index, 8.6 times for the CSI Dividend Low Volatility Index, and 7.9 times for the Hang Seng High Dividend Low Volatility Index [2] - The historical performance of these indices shows that the CSI Dividend Low Volatility Index has increased by 32.8% over the past three years, while the Hang Seng High Dividend Low Volatility Index has risen by 68.0% [5]

Group 1 - The core point of the news is that the Hang Seng Dividend Low Volatility ETF (159545) has announced and distributed its dividend commitment, providing a significant cash flow to investors during the low interest rate environment [1] - The ETF distributed a dividend of 0.14 yuan per 10 fund shares, with a total cumulative dividend of 0.48 yuan per 10 fund shares for the year, which translates to 480 yuan for an investor holding 10,000 shares since the beginning of the year [1] - The ETF has maintained a consistent quarterly dividend distribution schedule throughout the year, with distributions occurring in February, May, August, and November [3] Group 2 - E Fund is noted as the only fund company that implements low fee rates for all its dividend ETFs, including the Hang Seng Dividend Low Volatility ETF (159545), with a management fee rate of 0.15% per year [5] - Investors seeking regular cash flow can consider E Fund's "Monthly Dividend" products, which allow for potential monthly dividend income by combining different dividend ETFs [3] - The connection fund corresponding to the Hang Seng Dividend Low Volatility ETF also follows the same dividend distribution rhythm, reinforcing the attractiveness of these investment products [3]

Group 1 - The market opened lower but rebounded, with coal, banking, and shipping sectors leading the gains. As of 11:25, the CSI Dividend Index rose by 0.5%, with Semir Garment increasing nearly 6% and Dalian Commodity Exchange rising over 3% [1] - Analysts suggest that the recent change in market style is due to a mean reversion after extreme growth trading, with the divergence between growth and value nearing historical 99th percentile at the end of September [1] - The market's previous overbought sentiment has transitioned into a phase of emotional digestion, leading to a shift towards defensive investments as the market enters a period of volatility [1] Group 2 - Nearing year-end, institutions are shifting towards stable value investments to ensure steady returns [1] - The E Fund Dividend ETF (515180) tracks the CSI Dividend Index, which consists of 100 stocks with high cash dividend yields and stable dividends, reflecting the overall performance of high-dividend A-share listed companies [1] - The banking, coal, and transportation sectors account for approximately 55% of the index, with the banking sector having a significant weight; the current index dividend yield stands at 4.2% [1]

资金流入方面，恒生红利低波ETF(159545)近23个交易日内，合计"吸金"2.64亿元。 中信证券研报指出，银行中报盈利企稳修复，修复幅度略超预期。具体而言，息差预期走稳，投资收益 贡献收入，资产质量形势稳定，单季度盈利改善幅度明显，中信证券预计全年盈利增速仍有上行空间。 市场层面看，前期交易型资金流出压制银行股表现，稳定的基本面格局夯实投资者配置板块信心，看好 后续绝对收益行情继续演绎。 拉长时间看，截至9月3日，恒生红利低波ETF(159545)近1月规模增长1.70亿元，新增规模位居可比基金 第一。恒生红利低波ETF(159545)近1月份额增长1.76亿份，实现显著增长。 恒生红利低波ETF(159545)紧密跟踪恒生港股通高股息低波动指数，恒生港股通高股息低波动指数旨在 反映可通过港股通买卖的香港上市高股息低波动证券的表现。 截至2025年9月4日 14:23，恒生红利低波ETF(159545)盘中换手3.1%，成交1.25亿元。 相关产品：恒生红利低波ETF(159545)，联接A（021457）/联接C（021458） ...

Core Insights - The Hang Seng Dividend Low Volatility ETF (159545) has shown significant growth, with a recent fund size reaching 4.318 billion yuan, marking a record high since its inception [1] - The ETF has experienced a substantial increase in shares, with a growth of 76.2 million shares over the past week, ranking first among comparable funds [1] - In terms of capital inflow, the ETF has seen net inflows for 4 out of the last 5 trading days, totaling 116 million yuan [1] Fund Performance - As of August 20, 2025, the ETF's turnover rate was 5.08%, with a trading volume of 220 million yuan [1] - The ETF closely tracks the Hang Seng Stock Connect High Dividend Low Volatility Index, which reflects the performance of high dividend, low volatility securities listed in Hong Kong [1] Banking Sector Insights - According to the Banking Regulatory Indicators from the Financial Supervisory Authority, the decline in bank interest margins has narrowed in Q2, with stable asset quality and improved performance growth [1] - CITIC Securities anticipates a continued improvement trend in the banking sector for the remainder of the year, despite a recent pullback in the banking sector attributed to style and capital factors [1] - The banking sector is undergoing a revaluation of net assets, with potential for further recovery as long as there is sustained inflow of allocation-type capital [1]