Group 1 - The Hang Seng High Dividend Low Volatility Index increased by 0.2% while the CSI Dividend Low Volatility Index decreased by 0.1% [1] - The CSI Dividend Index fell by 0.3% and the CSI Dividend Value Index dropped by 0.4% [1] - The Hang Seng Dividend Low Volatility ETF (159545) saw a net subscription of 3.6 million units in half a day [1] Group 2 - As of yesterday, the Hang Seng Dividend Low Volatility ETF (159545) has experienced net inflows for six consecutive trading days, totaling over 300 million yuan [1] - The latest scale of the product reached 4.3 billion yuan, setting a new high since its inception [1] Group 3 - The CSI Dividend Index consists of 100 stocks with high cash dividend yields and stable performance, with banks, coal, and transportation sectors accounting for over 55% [2] - The index has a rolling price-to-earnings ratio of 8.3 times and a dividend yield of 4.4% [2] Group 4 - The CSI Dividend Low Volatility Index is composed of 50 stocks with good liquidity and continuous dividends, reflecting the overall performance of A-share companies with high dividend levels and low volatility [3] - The index has a rolling price-to-earnings ratio of 8.4 times and a dividend yield of 4.2% [3] Group 5 - The Hang Seng High Dividend Low Volatility Index includes 50 stocks within the Hong Kong Stock Connect that have good liquidity and low volatility, representing the overall performance of companies with high dividend levels [3] - The index has a rolling price-to-earnings ratio of 7.4 times and a dividend yield of 5.8% [3] Group 6 - The CSI Dividend Value Index consists of 50 stocks with high dividend yields and value characteristics, reflecting the overall performance of companies with high dividend levels [3] - The index has a rolling price-to-earnings ratio of 7.8 times and a dividend yield of 4.3% [3]

红利板块早盘走强，截至午间收盘，中证红利价值指数上涨0.7%，中证红利指数上涨0.6%，恒生港股 通高股息低波动指数上涨0.5%，中证红利低波动指数上涨0.5%，恒生红利低波ETF（159545）半日获净 申购2640万份。截至昨日，该产品已连续5个交易日获资金净流入，最新规模42.3亿元、创历史新高。 | 红利ETF易方达 | | | | 515180 | | --- | --- | --- | --- | --- | | 跟踪中证红利指数 | | | | | | 该指数由100只现金股息率高、分红 较为稳定,并具有一定规模及流动 | 截至午间收盘 该指数涨跌 | 该指数 滚动市盘率 | 该指数自2013年 以来估值分位 | 该指数股息率 | | 性的股票组成,反映高股息率A股上 | | | | | | 市公司股票的整体表现,银行、煤 炭、交通运输行业合计占比超55%, | 0. 6% | 8.2倍 | 69.5% | 4. 4% | | 其中银行占比较高 | | | | | | 红利低波动ETF | | | | 563020 | | 跟踪中证红利低波动指数 | | | | | | 该指数由50只流动性好, ...

本周，恒生港股通高股息低波动指数上涨2.7%，中证红利价值指数上涨2.6%，中证红利指数、中证红利低波动指数均上涨 2.4%。Wind数据显示，截至昨日，恒生红利低波ETF（159545）本周获1.2亿元资金净流入，最新规模达41亿元、创历史新 高。 | | 中证红利 | 中证红利低 | 恒生养投通 | 中证红利价 | | --- | --- | --- | --- | --- | | | 指数 | 波动指数 | 高股息低波 动指数 | 值指数 | | 本周涨跌幅 | 2.4% | 2 4% | 2.7% | 2. 6% | | 指数股息率 | 4. 4% | 4. 1% | 5.8% | 4. 3% | | 指数滚动 市盘率 | 8.3倍 | 8.4倍 | 7.3倍 | 7.8倍 | | 滚动市盘率 分位 | 72. 6% | 77. 3% | 86. 3% | 74. 4% | | 跟踪该 | 红利ETF 易方达 | 红利低波动 ETE | 恒生红利 低波ETF | 红利价值EIF | | 指数的ETF | (515180) | (563020) | (159545) | (563700) | | M | ...

红利板块集体走强，截至收盘，恒生港股通高股息低波动指数上涨1.1%，本周实现"四连阳"，中证红利低波动指数上涨0.3%，中证红利指数、中证红利价 值指数均上涨0.2%。Wind数据显示，恒生红利低波ETF（159545）今日获1020万份净申购，截至昨日，该产品近一月"吸金"超15亿元，最新规模超40亿元， 居同标的ETF第一。 招商证券表示，在当前低利率的环境下，红利资产收益相对较高且稳定，成为投资者关注的重点；政策引导中长期资金入市，进一步提高了红利资产长期配 置需求。 | 今日 | 该指数 | 该指数自20 | | --- | --- | --- | | 该指数涨跌 | 滚动市盈率 | 发布以来估( | | 0. 3% | 8.4倍 | 77.0 | | 令日 | 该指数 | 该指数目 | | --- | --- | --- | | 该指数涨跌 | 滚动市盈率 | 以来估 | | 1.1% | .2倍 | 85. | | 该指数由50只股息率高且价值特征 | 今日 | 该指数 | 该指数自20 | | --- | --- | --- | --- | | 突出的股票组成，反映分红水平高 | 该指数涨跌 | ...

截至午间收盘，恒生港股通高股息低波动指数上涨0.7%，冲击"四连阳"；中证红利低波动指数上涨 0.2%，中证红利指数下跌0.02%，中证红利价值指数下跌0.04%，恒生红利低波ETF（159545）半日成 交额近8000万元。截至昨日，该产品规模达40.5亿元、创历史新高。 131 "清晰""传奇上述感染产品具体和服務排序。新世界的Aria, 体索团队群系分20年3月7日中国政策。或点所加拿实发新任分忆。进改革和党2020年8月2日，国政市法学"总书业"工组委宁单重工程和公 期期五后夺利润。都会鼓席梅和公会主题机遇的成义。近几乎是外媒对俄家见受调精度和较小的行会。作者演习中国军所发出军部落在上演动参赛季举动前第四出昌军的列召出。分公臣主三调和托登富。 弹试站后为细度发布日! /5K为火爆放日，荷台情估值量指出资日起是2003年8月。中这以利用第1000年5月11日就更，口2019年17月11日起出原来的市位公民调查方组总部位。时更好达压同度在2005年8月 网 14652; 今日式利润温湿润滑露201年1月1日 版，第三周五道面临复合试试法律宾2022年9月02日本，可是将经过重要的深圳为2017年2月17日 ...

Group 1 - The Hang Seng High Dividend Low Volatility ETF tracks the Hang Seng Stock Connect High Dividend Low Volatility Index, which consists of 50 stocks with good liquidity, continuous dividends, moderate dividend payout ratios, and low volatility, reflecting the overall performance of high dividend and low volatility companies in the Stock Connect range [4] - The index is heavily weighted towards the financial, industrial, and energy sectors, which together account for nearly 70% of the index [4] - The China Securities High Dividend Value Index consists of 50 stocks with high dividend yields and prominent value characteristics, reflecting the overall performance of high dividend and value stocks, with the banking, coal, and transportation sectors making up about 80% of the index [6] Group 2 - As of the midday close, the Hang Seng High Dividend Low Volatility Index increased by 0.5% with a rolling price-to-earnings ratio of 8.3 times [2] - The China Securities High Dividend Value Index rose by 0.4% with a rolling price-to-earnings ratio of 7.74 times [6] - The dividend yield for the indices is calculated based on the sum of the last 12 months' cash dividends (pre-tax) divided by the market value of the stocks [6]

Group 1 - The core indices related to dividend-paying stocks showed positive performance, with the CSI Dividend Low Volatility Index rising by 0.9%, the CSI Dividend Value Index and CSI Dividend Index both increasing by 0.7%, and the Hang Seng High Dividend Low Volatility Index up by 0.5% as of midday close [1][5][7] - The Hang Seng Dividend Low Volatility ETF (159545) experienced a net subscription of 12 million units during the half-day trading session, indicating strong investor interest in related products [1][6] - The composition of the indices reflects a high level of dividend payments and low volatility among A-share listed companies, with the banking, transportation, and construction industries accounting for approximately 70% of the index [5][7] Group 2 - The Hang Seng Dividend Low Volatility Index consists of 50 stocks within the Hong Kong Stock Connect that are characterized by good liquidity, continuous dividend payments, moderate dividend payout ratios, and low volatility, with financial, industrial, and energy sectors making up nearly 70% of the index [7] - The CSI Dividend Value Index tracks 50 stocks that exhibit high dividend yields and value characteristics, contributing to the overall performance of dividend-paying stocks [9]

Core Viewpoint - The dividend asset strategy is gaining popularity due to its characteristics of being both offensive and defensive, attracting significant capital inflow into high dividend yield Hong Kong stocks this year [1] Group 1: Market Performance - High dividend yield Hong Kong stocks have seen substantial capital inflow, with a net inflow of 14.5 billion yuan this year, 2.27 billion yuan in the month, and 820 million yuan this week [1] - The Hang Seng Dividend Low Volatility ETF (159545) has recorded the highest net inflow among Hong Kong dividend ETFs this month, with its fund size surpassing 3 billion yuan, reaching 3.045 billion yuan [1] Group 2: Index and ETF Characteristics - The Hang Seng Dividend Low Volatility Index, tracked by the ETF, has increased by 16.8% this year and 33.7% over the past year, leading all dividend ETF tracking indices [1] - The index consists of high dividend low volatility securities with a record of continuous dividends for three years, providing a high dividend yield of 5.8% [2][3] Group 3: ETF Management and Composition - The ETF has a management fee of 0.15% per year and a custody fee of 0.05% per year, resulting in a total expense ratio of 0.20%, the lowest among similar dividend ETFs [3] - The constituent stocks of the index are predominantly from traditional high dividend industries, with 50% of the companies having a market capitalization greater than 100 billion HKD [3]

Core Viewpoint - The A-share market is experiencing a strong rebound, with a notable increase in the attractiveness of dividend-paying assets in a low-interest-rate environment, particularly in the Hong Kong stock market [1][2]. Group 1: Market Performance - The three major A-share indices are showing a strong upward trend, while the Hong Kong stock market is also performing well, with the Hang Seng Dividend Low Volatility ETF (159545) following the market rebound [1]. - The Hang Seng Dividend Low Volatility ETF has seen a continuous net inflow of funds for 12 trading days, reaching a fund size of over 3 billion yuan, marking a historical high [1]. Group 2: Investment Trends - Insurance capital is increasingly favoring high-dividend stocks, particularly in stable profit sectors such as banking, transportation, and public utilities, primarily in the Hong Kong market due to its low valuations and high dividend yields [1]. - A recent policy change by the Ministry of Finance aims to encourage insurance funds to invest in high-dividend assets, potentially injecting long-term capital into the dividend sector [1]. Group 3: Dividend Focus - The demand for dividend assets is expected to rise as investors seek stable cash flows and high dividend yields amid global uncertainties, with a seasonal peak for dividend payouts occurring after June [2]. - E Fund is noted as the only fund company offering low-fee rates for all its dividend ETFs, which include several products aimed at facilitating low-cost investments in high-dividend assets [2].

Group 1 - The core viewpoint of the news is that E Fund's Dividend Value ETF (563700) has announced its first dividend distribution since its listing this year, with a cash dividend of 0.1 yuan per 10 ETF shares, enhancing the attractiveness of dividend index investments in China [1][3] - The dividend registration date is July 10, and the cash dividend payment date is July 16, allowing investors holding 100,000 shares to receive 1,000 yuan in dividends [1] - The trend of increasing dividend payouts by listed companies in China is encouraging more investors to seek suitable dividend ETF investment strategies [1][3] Group 2 - For investors seeking regular cash flow, in addition to the upcoming dividend from the Dividend Value ETF, they can consider purchasing two other E Fund dividend ETFs: the Hang Seng Dividend Low Volatility ETF (159545) and the Dividend Low Volatility ETF (563020) to achieve monthly dividend income [1] - Recent examples show that if an investor holds 100,000 shares of each of these three products, they could receive 1,200 yuan in dividends from the Hang Seng Dividend Low Volatility ETF in May, 1,000 yuan from the Dividend Low Volatility ETF in June, and 1,000 yuan from the Dividend Value ETF in July [1] Group 3 - For investors not requiring regular cash flow, they can reinvest dividends based on their investment goals and risk preferences to leverage the compounding effect [3] - Investors interested in emerging industries can use their dividends to invest in high-growth index products such as the Hang Seng Innovative Medicine ETF (159316), Artificial Intelligence ETF (159819), Robotics ETF (159530), Cloud Computing ETF (516510), and New Energy ETF (516090) [3] - As of July 10, 2023, there has been a net inflow of 18 billion yuan into dividend ETFs this year, with over 60 dividend ETFs in the market totaling nearly 150 billion yuan in scale [3]