Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (520660) experienced a decline of 1.20% on November 21, with a trading volume of 74.08 million yuan, indicating market fluctuations and investor sentiment [1] Fund Performance - The fund's latest share count increased by 2 million to a total of 2.624 billion shares over the past 20 trading days, reflecting growing investor interest [1] - The latest net asset value of the fund is calculated at 2.778 billion yuan, showcasing its financial standing [1] - Since its inception on June 26, 2024, the fund has achieved a return of 9.81%, with a one-month return of 2.58%, indicating positive short-term performance [1] Management Information - The fund is managed by Southern Fund Management Co., Ltd., with fund managers Luo Wenjie and Pan Shuiyang overseeing its operations [1] - The performance benchmark for the fund is the CSI National New Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index (RMB middle price), which serves as a reference for evaluating its performance [1]

Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (520660) experienced a decline of 0.64% on November 20, with a trading volume of 55.7147 million yuan, indicating a slight downturn in investor sentiment [1] Group 1: Fund Performance - The fund's total shares increased by 1 million, bringing the total to 2.622 billion shares, with a notable increase of 220 million shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated at 2.832 billion yuan [1] - Since its inception on June 26, 2024, the fund has achieved a return of 12.03%, with a monthly return of 5.04% [1] Group 2: Management and Benchmark - The fund is managed by Southern Fund Management Co., Ltd., with fund managers Luo Wenjie and Pan Shuiyang overseeing its operations [1] - The performance benchmark for the fund is the CSI National New Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index (RMB middle price) [1]

Core Insights - The market volatility has increased following the Federal Reserve's interest rate cuts and the easing of US-China relations, leading to a pullback in AI hardware stocks while dividend assets continue to rise since October [1] Group 1: Market Trends - Dividend assets are expected to outperform in the short term amid current market fluctuations, with the Hong Kong Stock Connect Central Enterprise Dividend ETF (520660) rising by 1.25% today and seeing a net inflow of 586 million yuan over the past 20 days [1] - The valuation advantage of Hong Kong dividend assets compared to A-shares remains significant, indicating a high cost-performance ratio for allocating to Hong Kong dividend assets, with expectations for increased capital allocation in the fourth quarter [1] Group 2: ETF Performance - The Hong Kong Stock Connect Central Enterprise Dividend ETF (520660) tracks the National New Hong Kong Stock Connect Central Enterprise Dividend Index, which has a higher allocation to telecommunications and stronger "new economy" attributes compared to other dividend indices in the AH market, demonstrating relatively stable performance and certain "anti-cyclical" characteristics [1] - The off-exchange linked funds for this ETF are the Link A (021971) and Link C (021972) [1]

Group 1 - The core point of the article highlights the performance and recent activity of the Hong Kong Stock Connect Central Enterprise Dividend ETF managed by Southern Fund Management Co., Ltd. [1] - On October 22, the ETF experienced a slight decline of 0.10% with a trading volume of 37.81 million yuan [1] - The ETF's total shares increased by 8 million, bringing the latest total to 2.4 billion shares, with a notable increase of 453 million shares over the past 20 trading days [1] Group 2 - The latest net asset value of the ETF is calculated to be 2.5 billion yuan [1] - The ETF's performance benchmark is the CSI National New Hong Kong Stock Connect Central Enterprise Dividend Index (RMB middle price) [1] - Since its establishment on June 26, 2024, the ETF has achieved a return of 7.02%, with a monthly return of 3.17% [1]

Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (520660) has shown a positive performance with a 1.90% increase in value on October 9, 2023, and a significant increase in shares over the past 20 trading days [1] Group 1: Fund Performance - The ETF's trading volume reached 39.44 million yuan on the same day [1] - The fund's total shares increased by 1 million, bringing the total to 1.997 billion shares [1] - The net asset value of the fund is calculated to be 2.02 billion yuan [1] Group 2: Benchmark and Management - The performance benchmark for the ETF is the CSI National New Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index (RMB middle price) [1] - The fund is managed by Southern Fund Management Co., Ltd., with fund managers Luo Wenjie and Pan Shuiyang [1] - Since its establishment on June 26, 2024, the fund has returned 3.93%, while the return over the past month is -1.31% [1]

Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (520660) has shown a positive performance with a 0.88% increase in value on September 19, 2023, and a significant increase in shares over the past 20 trading days [1] Group 1: Fund Performance - The ETF's latest net asset value is calculated at 2.003 billion yuan [1] - Since its establishment on June 26, 2024, the fund has returned 5.50% [1] - The fund's performance over the past month has seen a slight decline of 0.19% [1] Group 2: Trading Activity - On September 19, the trading volume reached 53.6829 million yuan [1] - The number of shares increased by 2 million, bringing the total shares to 1.95 billion [1] - Over the last 20 trading days, the total shares have increased by 22.3 million [1] Group 3: Management and Benchmark - The fund is managed by Southern Fund Management Co., Ltd. [1] - The performance benchmark for the ETF is the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index (RMB middle price) [1] - The fund managers are Luo Wenjie and Pan Shuiyang [1]

Core Points - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (520660) experienced a decline of 1.36% on September 18, with a trading volume of 105 million yuan [1] - The fund's shares increased by 1 million to a total of 1.948 billion shares, with a total increase of 238 million shares over the past 20 trading days [1] - The latest net asset value of the fund is calculated at 1.992 billion yuan [1] - The performance benchmark for the ETF is the CSI National New Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index (RMB middle price) [1] - The fund is managed by Southern Fund Management Co., Ltd., with fund managers Luo Wenjie and Pan Shuiyang [1] - Since its establishment on June 26, 2024, the fund has returned 5.03%, while the return over the past month is -0.71% [1]