Group 1 - The Hong Kong Dividend Index ETF (513630) experienced a decline of 0.89% on December 3, with a trading volume of 424 million yuan [1] - The fund's shares increased by 4 million, bringing the total shares to 10.297 billion, with an increase of 826 million shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated at 17.151 billion yuan [1] Group 2 - The performance benchmark for the Hong Kong Dividend Index ETF is the S&P Hong Kong Stock Connect Low Volatility Dividend Index [1] - The fund is managed by Morgan Fund Management (China) Co., Ltd., with fund managers Wei Zhihao and Hu Di [1] - Since its establishment on November 23, 2023, the fund has achieved a return of 66.56%, with a return of 3.07% over the past month [1]

Group 1 - In November 2025, A-share new accounts reached 2.3814 million, a month-on-month increase of 3.1% [1] - Cumulatively, from January to November 2025, new accounts totaled 24.8402 million, representing a year-on-year growth of 7.95% [1] - As of December 1, 2025, A-share ETFs experienced a net outflow of approximately 9.5 billion yuan, with significant outflows from major ETFs such as the SSE 50 ETF and CSI 300 ETF [1] Group 2 - Year-to-date, Hong Kong dividend-related ETFs have performed well, with several ETFs, including the Hong Kong Dividend Index ETF, rising over 25% as of December 2, 2025 [1]

Core Viewpoint - The Hong Kong Dividend Index ETF (513630) experienced a decline of 0.76% on November 14, with a trading volume of 543 million yuan, indicating a slight downturn in market performance [1] Fund Performance - The ETF's share increased by 4 million shares, bringing the total to 10.034 billion shares, with a notable increase of 1.623 billion shares over the past 20 trading days [1] - The latest net asset value is calculated at 17.007 billion yuan [1] - The ETF's performance benchmark is the S&P Hong Kong Stock Connect Low Volatility Dividend Index [1] - Managed by Morgan Fund Management (China) Co., Ltd., the fund has achieved a return of 69.49% since its establishment on November 23, 2023, and a return of 8.15% over the past month [1]

Core Viewpoint - The Hong Kong Dividend Index ETF (513630) has shown a positive performance with a 0.62% increase in value and significant trading activity, indicating investor interest and potential growth in the market [1] Group 1: Fund Performance - The Hong Kong Dividend Index ETF (513630) recorded a trading volume of 518 million yuan on the day of reporting [1] - The fund's total shares increased by 8 million, bringing the total to 8.579 billion shares, with a notable increase of 523 million shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated at 13.727 billion yuan [1] Group 2: Management and Returns - The ETF's performance benchmark is the S&P Hong Kong Stock Connect Low Volatility Dividend Index [1] - Managed by Morgan Fund Management (China) Co., Ltd., the fund has achieved a return of 60% since its inception on November 23, 2023, and a return of 2.08% over the past month [1]

Group 1 - The Hong Kong Dividend Index ETF (513630) experienced a decline of 0.39% on September 23, with a trading volume of 331 million yuan [1] - The fund's shares decreased by 29 million, bringing the total shares to 8.186 billion, with an increase of 257 million shares over the last 20 trading days [1] - The latest net asset value of the fund is calculated at 12.622 billion yuan [1] Group 2 - The performance benchmark for the Hong Kong Dividend Index ETF is the S&P Hong Kong Stock Connect Low Volatility Dividend Index [1] - The fund is managed by Morgan Fund Management (China) Co., Ltd., with fund managers Wei Zhihao and Hu Di [1] - Since its establishment on November 23, 2023, the fund has achieved a return of 54.18%, with a return of 0.25% over the past month [1]

Core Viewpoint - The Hong Kong Dividend Index ETF (513630) experienced a decline of 1.64% on September 18, with a trading volume of 645 million yuan, indicating a potential shift in investor sentiment towards this fund [1] Group 1: Fund Performance - The latest net asset value of the Hong Kong Dividend Index ETF is 12.941 billion yuan [1] - Since its establishment on November 23, 2023, the fund has achieved a return of 56.82% [1] - The fund's return over the past month is reported at 2.52% [1] Group 2: Fund Management - The fund is managed by Morgan Fund Management (China) Co., Ltd., with fund managers Wei Zhihao and Hu Di [1] - The performance benchmark for the fund is the S&P Hong Kong Stock Connect Low Volatility Dividend Index [1] Group 3: Fund Activity - On the reporting date, the fund's shares increased by 3 million, bringing the total shares to 8.252 billion [1] - Over the last 20 trading days, the fund's shares have increased by 21.5 million [1]

Core Insights - The Hong Kong Dividend Index ETF (513630) increased by 0.32% on August 21, with a trading volume of 310 million yuan [1] - The fund's shares decreased by 8 million, bringing the total shares to 8.037 billion, with an increase of 13 million shares over the last 20 trading days [1] - The latest net asset value is calculated at 12.389 billion yuan [1] - The ETF's performance benchmark is the S&P Hong Kong Stock Connect Low Volatility Dividend Index [1] - Managed by Morgan Fund Management (China) Co., Ltd., the fund has a return of 54.14% since its inception on November 23, 2023, and a return of 1.19% over the past month [1]

Core Points - The Hong Kong Dividend Index ETF (513630) experienced a decline of 0.26% on August 11, with a trading volume of 483 million yuan [1] - The fund's shares increased by 41 million, bringing the total shares to 7.963 billion, with a total increase of 87 million shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated at 12.229 billion yuan [1] - The performance benchmark for the Hong Kong Dividend Index ETF is the S&P Hong Kong Stock Connect Low Volatility Dividend Index [1] - Managed by Morgan Fund Management (China) Co., Ltd., the fund has returned 53.56% since its inception on November 23, 2023, and 2.92% over the past month [1]

Core Insights - The Hong Kong stock market is experiencing a surge in dividend asset allocation, with the first Hong Kong Stock Connect low-volatility dividend ETF (520550) achieving ten consecutive days of gains and a year-to-date share increase of 119% [2][4] - The S&P Hong Kong Stock Connect Low Volatility Dividend Index has shown strong resilience, with a cumulative increase of 24.85% over the past year, significantly outperforming the CSI Dividend Index (-0.26%) and the CSI Low Volatility Dividend Index (12.53%) [3][4] - Southbound capital has been a significant driver of this trend, with net inflows exceeding HKD 630 billion this year, accounting for over 80% of the total for 2024 [4][5] Market Dynamics - The low-interest-rate environment and expectations of U.S. Federal Reserve rate cuts have enhanced the appeal of Hong Kong dividend ETFs, which offer a dividend yield of 7.13% and low volatility [4][5] - Institutional investors are increasingly optimizing their dividend strategies, with the Hang Seng Hong Kong Stock Connect High Dividend Low Volatility Index yielding 8.1%, well above the 10-year government bond yield [5][6] - The demand for dividend assets is expected to grow as long-term capital, such as insurance and social security funds, enters the market, driven by favorable policies and a shift towards long-term value creation [7][8] Investment Strategies - Fund companies are enhancing dividend product designs to improve investor experience, such as the low-cost structure and monthly dividend mechanisms of the Hong Kong low-volatility dividend ETF [5][6] - Long-term investment in high-dividend stocks is supported by the stability of companies' earnings and their willingness to distribute dividends, particularly in sectors like banking, utilities, and mature industries [6][7] - The trend of insurance capital acquiring Hong Kong stocks is expected to continue, with over 90% of new investments directed towards this market, indicating a strong preference for dividend stocks [7][8]