炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 11月27日，大盘继续温和修复，A股主要市场核心指数多数飘红，红利风格"涛声依旧"。 | A股市场核心指数 | | | | --- | --- | --- | | 科创200 | 创成长 | 科创创业50 | | 1.56% | 1.63% | 1.52% | | 图图50 | 科创100 | 万得双创 | | 1.55% | 1.21% | 1.10% | | 创业板50 | 万得微盘股 | 国证2000 | | 0.89% | 1.00% | 0.87% | | 中证1000 | 上证180 | 富时中国A50 | | 0.83% | 0.53% | 0.53% | | 沪深300 | 中证A100 | FINESO | | 0.48% | 0.28% | 0.26% | | 深证红利 | FJE50 | 中证红利 | | 0.32% | 0.21% | 0.26% | | 红利 | | 中证A50 | | 0.22% | | -0.02% | 数据来源：沪深交易所，截至1015.11.27盘中 "能追牛、能扛熊"的标普红利ETF（ ...

MACD金叉信号形成，这些股涨势不错！ 责任编辑：宋雅芳 "同以心城旧退·地尼灯!" 跟踪标普港股通低波红利指数 - 联接A 022887 截至25/11/26 近1周 (近1月) 近1年 (近1年) 指数涨跌幅 年化波动率 指數液跌幅 指数涨跌幅 指数涨跌幅 -0.99% 0.03% 1.85% 33.57% 12.64% (VS) 上证指数 上证指数 上证指数 上证指数 上证指数 -0.15% -1.70% -3.32% 18.54% 12.05% 4.18% A500红利低波ETF 159296 · 行业均衡·双因子攻守兼备 · -跟踪中证A500红利低波动指数- (近1月) 载至25/11/26 近1周 (近1年 近1年 指数涨跌幅 指數涨跌幅 指数涨跌幅 指数涨跌幅 年化波动率 -0.46% -1.96% -0.96% 7.47% 9.93% (US) 上证指数 上证指数 上证指数 上证指数 上证指数 -3.32% 18.54% 12.05% -0.15% -1.70% 黄色 00 点击 4.14% 800红利低波ETF 159355 * 聚焦大中盘·季季可评估分红* * 跟踪中证800红利低波动指 ...

在当前复杂多变的投资环境中，投资者普遍寻求能够平衡防御与进攻属性的资产，以应对市场波动并实 现稳健增值。 红利策略作为一种基石型配置，通过聚焦高股息、现金流稳定的优质企业，为投资组合提供持续现金流 和长期复利潜力，成为构建财富底仓的重要工具。标普红利ETF（562060）正是这一策略的杰出代表， 凭借其独特的"红利+小盘+行业分散"特点，在不确定的市场中脱颖而出。 定分红的优质企业,为投资组合提供持续的现金流。 抵御市场波动,并借助长期复利,力争实现资产的稳健 增值,是构建投资组合、守护财富的重要底仓资产。 小盘红利 ·能攻善守 标普红利ETF是市场稀缺的进攻型红利产品,具备"红 利+小盘+行业分散"的特点,兼具小盘股的成长弹性与 高股息资产的防御性。 前三大行业 210亿元 银行 16.58% 市值中位数 机械 11.02% 5.18% 轻工制造 8.68% 股离率 数据来源:标准设款公司,截至2025.9.50 股劇更高 · 防守盾 标的指数凭借半年调仓的灵活机制,注重分红稳定性 与盈利持续性,最新股息率5.18%,领先主流红利指 数。 > 稀缺小盘 · 进攻矛 标的指数今年以来涨幅近15%. 在A股主流 ...

MACD金叉信号形成，这些股涨势不错！ 责任编辑：杨赐 "同取心低旧退·心论灯!" 跟踪标普港股通低波红利指数 - 联接A 022887 截至25/11/21 近1周 ( 近1月) 近1年 (近1年) 指数涨跌幅 指數源跌幅 指数涨跌幅 年化波动率 指数涨跌幅 -1.80% 2.32% 29.00% 12.14% -3.09% (VS) 上证指数 上证指数 上证指数 上证指数 上证指数 -2.45% -3.90% -2.02% 13.78% 12.03% 品在线 BS MIS 4.18% A500红利低波ETF 159296 · 行业均衡·双因子攻守兼备 ·· -跟踪中证A500红利低波动指数 - 截至25/11/21 近1周 ( 近1月) (近1年) 近1年 指数涨跌幅 指數涨跌幅 指數涨跌幅 指數涨跌幅 年化波动率 -1.45% 5.35% -2.44% 0.47% 9.89% (US) 上证指数 上证指数 上证指数 上证指数 上证指数 -2.45% -2.02% 12.03% -3.90% 13.78% 最新股員事 4.14% 800红利低波ETF 159355 · 聚焦大中盘·季季可评估分红 *· 跟 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 场 别 。 定分红的优质企业,为投资组合提供持续的现金流, 抵御市场波动. 并借助长期复利,力争实现资产的稳健 增值. 是构建投资组合、守护财富的重要底仓资产。 小盘红利·能攻善守 标普红利ETF是市场稀缺的进攻型红利产品,具备"红 利+小盘+行业分散"的特点,兼具小盘股的成长弹性与 高股息资产的防御性。 . 前三大行业 210亿元 银行 16.58% 市值中位数 机械 11.02% 5.18% 轻工制造 8.68% 股息率 数据来源:标普指数公司。 股息更高 · 防守盾 标的指数凭借半年调仓的灵活机制,注重分红稳定性 与盈利持续性,最新股息率5.18%,领先主流红利指 数。 标的指数今年以来涨幅近15%,在A股主流红利指数中 排名第1. 小盘风格在成长主题市场里具备持续获益能 力,市场回暖时更具进攻锐度。 > 标普中国A股红利机会指数今年以来涨幅全市场第1 < 令年以来 令年以来 股息率% 指数名称 涨跌幅% 年化夏普比 5.18 标普A股红利 14.95 1.91 | 红利质量 | 12.23 | 1.44 | 2.47 | | - ...

华宝基金 热点动态 港股红利低波风格收益风险比优异 今年以来,红利低波风格指数的夏普比率和Calmar比率中位 11 + m > L L + T = = + = エレーナー サロリア に キレーテレー 数今年的年化收益率最高. 且收益-风险比也相对优异. 最大 回撤修复天数也仅有21天,持有体验或相对较好。华泰研究 进一步指出. 该指数存在个股权重和行业权重上限的双重约 束(个股:0.05%~5%,单一GICS行业:不超过30%),资产风 险分散化程度较高。(华泰亚券,2025.11.15) \煤价攀升趋缓趋稳,四季度业绩释放可期 当前煤炭行业的供给侧收紧成为投资主题,四季度迎峰度冬 需求下,煤炭价格不断提升,煤炭供需格局发生反转。随着供 给侧出现收紧. 煤价有望进一步提升. 弹性高及低估值、成长 性标的有望受益。国资委将"稳电价"与"稳煤价"并列为核心议 题,提供政策支持,高股息企业有望得到估值提升。 红利情报局 2025.11.18 港股红利低波风格受关注 煤炭供需格局再变 数据来源:恒生指数、中证指数、标准普尔指数、Wind,数据截至2025.10.31。 华宝红利家族ETF一览 港股通红利ETF 15 ...

11月17日早盘，三大指数承压，煤炭、石油化工、机械等传统高股息红利板块再度走强。孚日股份涨 停，潍柴动力、中国石油、川恒股份等高股息、低估值热门股轮番上攻，"能追牛、能扛熊"的红利热门 标的——标普红利ETF（562060）开盘下挫后随即上行，韧性十足，截至午盘微跌0.16%收盘且持续溢 价，实时成交额突破3000万元。 数据来源：沪深交易所，截至2025.11.17午盘收盘 长江证券分析称，根据综合观察，成长风格在前三季度的收益弹性相对较高，但第四季度的波动性有所 加大。红利风格在全年各阶段的表现稳定性相对突出，尤其在第四季度的整体回撤控制方面展现出一定 韧性。随着政策端不断引导"长期投资"、"耐心资本"，红利股相对优势愈发明显。 值得注意的是，上证指数突破4000点后市场重回震荡，红利资产重获资金青睐。上交所数据显示，标普 红利ETF（562060）连续5日获资金净流入7369万元；时间进一步拉长至近10日，标普红利ETF （562060）连续吸金合计超1亿元。 数据来源：沪深交易所等，截至2025.11.14 公开资料显示，标普红利ETF（562060）及其联接基金（A类501029、C类005125 ...

Core Viewpoint - The A-share market has shown strong performance, with the core index returning above 4000 points and the S&P A-share Dividend Index continuing its upward trend, indicating significant excess returns compared to the broader market [1][2]. Market Performance - As of November 13, the S&P A-share Dividend Index has increased by 0.60% in the past week, 6.74% in the past month, and 14.31% over the past year, with an annualized volatility of 11.47% [2]. - The Shanghai Composite Index has also performed well, with a 0.73% increase in the past week and a 4.25% increase in the past month [2]. ETF Performance - The S&P Dividend ETF (562060) has outperformed other popular dividend ETFs, achieving a premium increase of 0.48% and marking a "12 consecutive days of gains" with a closing price of 0.628 yuan [2][4]. - The ETF has seen a significant inflow of funds, with a total net inflow of 66.17 million yuan over the past five trading days, indicating strong investor interest [4]. Stock Performance - High-dividend stocks within the index have shown notable performance, with companies like Furui Co. achieving six consecutive daily price limits, and Zhongyuan Marine Energy rising by 7.11% [6][7]. Index Composition and Strategy - The S&P A-share Dividend Index is characterized by a more balanced industry distribution, with the top five industries (banking, machinery, light industry, home appliances, and basic chemicals) accounting for less than 50% of the index [12]. - The index features a median market capitalization of 21 billion yuan, which is significantly lower than that of the CSI 500 index, aligning with the current market preference for small-cap stocks [12]. Dividend Yield and Strategy - The S&P A-share Dividend Index maintains a competitive dividend yield of 18%, benefiting from a high-frequency rebalancing mechanism that enhances dividend stability and profitability [9][12]. - The index has outperformed its peers in terms of returns, with a year-to-date increase of 14.95% and a Sharpe ratio of 1.91, indicating strong risk-adjusted performance [9].

Core Insights - The report indicates that the A-share market is in a slow bull phase, currently experiencing a typical consolidation period, with the index expected to fluctuate around 3900 points within a range of 100 points [9] - There is a notable shift in capital flow from mid-risk technology growth stocks to high-dividend and micro-cap stocks, suggesting a return to a "barbell strategy" [9] - The macroeconomic backdrop shows a temporary truce in trade disputes, leading to a transitional and rebalancing phase in the market, where trading factors are gaining importance [9] Market Strategy - Emphasis is placed on trading factors and capturing the rhythm of market fluctuations, particularly in the context of the current consolidation phase [3] - The report suggests that cyclical and consumer sectors are expected to outperform in the short term, driven by supply-side optimization and cost reductions [9] Industry Strategy - The banking sector shows positive fundamental signals, with improvements in net interest margins and asset quality, indicating a favorable environment for investment [5] - The report highlights the resilience of state-owned banks and the potential of high-quality, high-elasticity small and medium-sized banks as investment targets [9] Thematic Strategy - The upcoming COP30 climate conference is expected to act as a catalyst for the clean energy sector, with significant opportunities in energy transition areas such as photovoltaics, energy storage, and carbon trading [6][9] - The report identifies specific investment opportunities in companies related to clean energy and environmental protection, anticipating that these sectors will benefit from the outcomes of the climate summit [9]

Core Insights - The article discusses the performance and strategies of various dividend-focused investment products, highlighting their resilience in a volatile market environment [3][4]. Group 1: Dividend Strategies - The latest dividend yield for the S&P China A-Share Dividend Opportunity Index is reported at 5.18% [1]. - The S&P Hong Kong Stock Connect Low Volatility Dividend Index shows a one-year return of 12.19% [2]. - The A500 Low Volatility Dividend ETF has a one-year return of 7.67%, indicating a stable performance compared to the Shanghai Composite Index [2]. Group 2: Market Conditions - The market is currently experiencing fluctuations around the 4000-point mark, which may enhance the value and appeal of dividend strategies [3]. - Investors are encouraged to adopt a "barbell strategy," combining high-dividend, low-volatility assets with growth-oriented investments to balance stability and potential gains [4]. Group 3: Investment Recommendations - For conservative investors, long-term holding of dividend products is recommended due to their stable cash flows and strong dividend records [3]. - The article suggests that dividend assets can act as a "ballast" during market turbulence, providing a reliable source of returns [3].