来源：新浪基金∞工作室 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 港股红利低波ETF（520550）业绩比较基准为恒生港股通高股息低波动指数收益率(经汇率调整后)，管 理人为招商基金管理有限公司，基金经理为许荣漫，成立（2025-01-15）以来回报为18.40%，近一个月 回报为-1.39%。 9月30日，港股红利低波ETF（520550）跌0.43%，成交额3473.19万元。当日份额增加100.00万份，最新 份额为8.73亿份，近20个交易日份额减少4950.00万份。最新资产净值计算值为10.18亿元。 ...

来源：新浪基金∞工作室 9月23日，港股红利低波ETF（520550）跌0.51%，成交额4416.94万元。当日份额增加100.00万份，最新 份额为8.84亿份，近20个交易日份额减少5850.00万份。最新资产净值计算值为10.42亿元。 港股红利低波ETF（520550）业绩比较基准为恒生港股通高股息低波动指数收益率(经汇率调整后)，管 理人为招商基金管理有限公司，基金经理为许荣漫，成立（2025-01-15）以来回报为19.68%，近一个月 回报为-1.96%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 ...

风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 9月17日，港股红利低波ETF（520550）涨0.17%，成交额3104.79万元。当日份额增加100.00万份，最新 份额为8.82亿份，近20个交易日份额减少7450.00万份。最新资产净值计算值为10.66亿元。 港股红利低波ETF（520550）业绩比较基准为恒生港股通高股息低波动指数收益率(经汇率调整后)，管 理人为招商基金管理有限公司，基金经理为许荣漫，成立（2025-01-15）以来回报为22.69%，近一个月 回报为-0.35%。 来源：新浪基金∞工作室 ...

招商基金旗下两只特色红利ETF产品同步日前同步分红进行时。其中，港股红利低波ETF（520550）上市以来已连续第 四个月分红，每份派现0.004元。分红款将于今日（8月20日）到账。值得投资者关注的是，港股红利低波ETF的联接基 金（A类024029/C类024030）已全面开放申赎，为场外投资者提供了便捷的配置渠道。 风险提示：文中提及的指数成份股仅作展示，个股描述不作为任何形式的投资建议。任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，投资人须对任何自主决定的投资行为 负责。基金投资有风险，基金的过往业绩并不代表其未来表现，基金管理人管理的其他基金的业绩并不构成基金业绩表 现的保证，基金投资须谨慎。 来源：金融界 据了解，港股红利低波ETF（520550）跟踪恒生港股通高股息低波动指数，采用"双因子"筛选策略，重点配置金融、公 用事业等防御性板块。该指数当前股息率超5%，叠加港股低估值优势，展现出较强的抗风险能力。中证红利质量ETF （159209）则采用"高股息+高质量"策略，精选消费、医药等领域的优质标的。历史业绩显示，该指数不仅保持3%-5% ...

Group 1 - The core viewpoint of the articles highlights a resurgence in insurance companies' stake acquisitions, particularly in Hong Kong stocks, with six instances occurring within two weeks, indicating a shift from banking to consumer and insurance sectors [1][19] - The recent stake acquisitions by insurance funds mark the first occurrence in six years, reflecting a strong demand for high-dividend assets and a shift of funds from traditional dividend stocks to other high-dividend sectors [2][19] - The historical performance of dividend assets shows a cyclical rotation through four distinct phases, with the current phase indicating a strong performance in banking stocks and a relative outperformance of Hong Kong dividends compared to A-shares [2][19] Group 2 - The outlook for Hong Kong dividend opportunities suggests that they serve as a safe haven amid macroeconomic uncertainties, with insurance stocks offering both cyclical resilience and stable profitability [3][19] - The Hong Kong high-dividend low-volatility ETF (520550) tracks a diversified index of high-dividend stocks, providing exposure to various sectors while maintaining a low fee structure of 0.2% [3][5] - The Hong Kong high-dividend low-volatility index has demonstrated superior performance compared to major Hong Kong indices over the past three years, with a cumulative return of 86.88% [8][9] Group 3 - The current state of Hong Kong dividend assets is not overheated, with the high-dividend low-volatility index at a historically low level, indicating potential for future growth [9] - Hong Kong is experiencing a dividend payout peak, with total cash dividends expected to reach HKD 1.38 trillion in 2024, reflecting a year-on-year growth of over 10% [9][19] - Southbound capital inflows have surged, with a record net purchase of over HKD 35.8 billion on August 15, indicating a strong preference for high-dividend stocks across various sectors [13][19]

Core Viewpoint - Two dividend-paying ETFs under China Merchants Fund are distributing dividends, with the CSI Dividend Quality ETF distributing 0.003 yuan per share and the Hong Kong Dividend Low Volatility ETF distributing 0.004 yuan per share, both on August 15 [1] Group 1: ETF Details - The Hong Kong Dividend Low Volatility ETF tracks the Hang Seng High Dividend Low Volatility Index, utilizing a "dual-factor" screening strategy focused on defensive sectors like finance and utilities, currently offering a dividend yield exceeding 5% [1] - The CSI Dividend Quality ETF employs a "high dividend + high quality" strategy, selecting premium stocks in consumer and pharmaceutical sectors, maintaining a historical dividend yield of 3%-5% while outperforming broad market indices [1] Group 2: Market Context - In the current market environment, these two products represent "defensive and stable" and "growth and value" investment directions, providing differentiated allocation choices for investors [1] - The design of low fees and a monthly dividend mechanism is expected to enhance the long-term investment experience for holders [1]

Group 1 - The Hang Seng Index showed slight gains while the Hang Seng Tech Index fell by 0.39%, indicating a divergence between dividend and growth sectors [1] - The Hang Seng Tech Index is approaching the 120-day moving average, which historically has led to quick rebounds, suggesting a potential buying opportunity [1] - The Hong Kong Technology 50 ETF (159750) is the only ETF that fully covers the "China Tech Giants," with significant inflows despite a slight decline in value [3][4] Group 2 - Major tech companies like Tencent, Alibaba, Xiaomi, and BYD account for over 40% of the Hong Kong Technology 50 ETF, which covers key growth sectors such as AI, new energy vehicles, and semiconductors [6] - Tencent is set to release its Q2 earnings report, with expectations that AI will contribute significantly to revenue, potentially boosting the tech sector and the ETF [6] - The Hong Kong Dividend Low Volatility ETF (520550) announced its fourth dividend of the year, with a payout of 0.04 HKD per 10 shares, reflecting a 0.33% dividend yield [7][9] Group 3 - The Hong Kong Dividend Low Volatility ETF has maintained a monthly dividend distribution since April, with a competitive fee rate of 0.2%, making it an attractive option for investors seeking cash flow [7][9] - The ETF tracking the Hang Seng High Dividend Low Volatility Index has a dividend yield of 5.81%, providing a safety net during market fluctuations [9] - The Hong Kong Technology 50 ETF is expected to further increase its year-to-date gain of 31% due to the upcoming AI earnings reports [10] Group 4 - A balanced investment strategy is suggested, utilizing dividend income to mitigate volatility, with recommendations for a 5:5 or 6:4 allocation between dividend and tech investments [11]

Group 1 - Southbound funds have continued to flow into the Hong Kong stock market for 24 months, with a strong preference for high-dividend assets, particularly in the banking sector, which has seen a net inflow of over 21 million in the past year [1][17] - The Hong Kong dividend low-volatility ETF (520550) has outperformed major indices, with a 28.1% increase over the past six months, significantly surpassing the Hang Seng Index (20.22%) and the Hang Seng Tech Index (6.94%) [3] - The current trading environment for Hong Kong dividend assets is not overheated, as the trading congestion level remains relatively low compared to historical data [3][12] Group 2 - Certain dividend assets are expected to benefit from "anti-involution" and "large infrastructure" initiatives, with domestic policies targeting both supply and demand sides, which may improve the profitability outlook for cyclical dividend assets [6][24] - The total cash dividends for Hong Kong stocks are projected to reach 1.38 trillion HKD in 2024, reflecting a year-on-year growth of over 10%, indicating a dividend peak with 925 companies announcing dividends [16] - The Hong Kong dividend ETF market is experiencing accelerated growth, with a total scale exceeding 40 billion, and a 40% increase in inflows year-to-date [19]

Group 1 - The core viewpoint of the news is the implementation of the second dividend distribution for the China Securities Red Chip Quality ETF (code: 159209), with a cash dividend of 0.003 yuan per share, representing a distribution ratio of 0.3% [1] - The fund will be suspended from trading on August 12, 2025, from the market opening until 10:30 AM, and will resume trading at 10:30 AM on the same day, prompting investors to plan their transactions accordingly [1] - Recent market research indicates the emergence of two differentiated investment paths due to the deepening of dividend investment strategies, with one focusing on deep value through high dividend and low volatility, and the other on value growth through high dividend and high profitability quality [1] Group 2 - The Hong Kong dividend low volatility ETF (520550) represents a deep value strategy, focusing on defensive sectors such as finance and utilities, with a current dividend yield close to 6% [1] - The China Securities Red Chip Quality ETF (159209) adopts a value growth strategy, emphasizing high dividend and high profitability quality, targeting sectors like consumption and pharmaceuticals, achieving a balance between defensiveness and growth [1] - Professional institutions suggest that conservative investors should focus on the Hong Kong dividend low volatility ETF for stable returns, while aggressive investors may consider the China Securities Red Chip Quality ETF for growth opportunities [2]

Group 1 - Southbound funds made significant moves, with a net purchase of HK stocks amounting to 23.4 billion, the highest since mid-March [1] - Major tech companies like Tencent, Kuaishou, and Xiaomi saw substantial inflows, with Tencent receiving a net inflow of 8.31 million [1] - The overall market sentiment improved, with the Hang Seng Index and Hang Seng Tech Index showing a strong recovery [1] Group 2 - The "barbell strategy" focuses on capturing both "growth potential" and "cash flow safety" amid high volatility in the Hong Kong market [4] - This strategy combines high-growth tech stocks with stable dividend-paying value stocks to mitigate risks and enhance returns [5] - The selected ETFs, Hong Kong Tech 50 ETF (159750) and Hong Kong Dividend Low Volatility ETF (520550), effectively cover both ends of the barbell strategy [6] Group 3 - The Hong Kong Tech 50 ETF (159750) includes major tech leaders and has historically outperformed the Hang Seng Tech Index during market rebounds [6] - The Hong Kong Dividend Low Volatility ETF (520550) focuses on high dividend yield and low volatility stocks, providing stable returns and regular dividends [7] - Investors are encouraged to gradually build positions in both ends of the barbell strategy during market corrections [8]