责任编辑：高佳 华宝基金 wabao WP Fund 红圃日报 2026年 2月25日 最新股息率 4.61% 标普A股红利ETF华宝 562060 · 穿越周期·「长红」之选 · 跟踪标普中国A股红利机会指数- 联接A 501029 联接c 005125 红利基金LOF (近日) (近1年) (近1月) (近1年) 近一日 指數涨跌幅 指數涨跌幅 指数涨跌幅 指数涨跌幅 年化波动率 25.97% 0.7% 0.7% 1.38% 11.06% 截至2026.2.2 (45 上证指数 上证指数 上证指数 上证指数 上证指数 0.87% 0.87% -0.45% 22.07% 10.67% T+0 最新股風 5.24% 港股通红利低波ETF华宝 159220 * 高股息低估值「港港好」 * - 跟踪标普港股通低波红利指数 - 联接A 022887 | 联接C 022888 (近1年) 近一日 近1周 版1月 近1年 指数涨跌幅 指数涨跌幅 指数涨跌幅 指数涨跌幅 年化波动率 2.03% 5.94% 29.24% 2.03% 12.02% 频至2026.2.24 IVS 上证指数 上证指数 上证指数 上证指数 上证 ...

2月13日，港股通红利低波ETF华宝（159220）跌0.78%，成交额3158.09万元。当日份额增加1400.00万 份，最新份额为4.58亿份，近20个交易日份额减少1800.00万份。最新资产净值计算值为2.93亿元。港股 通红利低波ETF华宝（159220）业绩比较基准为经人民币汇率调整的标普港股通低波红利指数收益率， 管理人为华宝基金管理有限公司，基金经理为杨洋、胡一江，成立（2025-04-29）以来回报为27.90%， 近一个月回报为4.43%。声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新 浪财经观点，任何在本文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为 准。如有疑问，请联系biz@staff.sina.com.cn。 来源：视频滚动新闻 ...

Group 1 - The latest dividend yield for the S&P A-Share Dividend ETF is 4.61% [1] - The S&P A-Share Dividend ETF has shown a one-year return of 4.93% and a year-to-date volatility of 11.07% [1] - The Hong Kong Stock Connect Low Volatility Dividend ETF has a dividend yield of 5.24% [1] Group 2 - The A500 Low Volatility Dividend ETF has a one-year return of 0.67% and a year-to-date volatility of 8.65% [2] - The CSI 800 Low Volatility Dividend ETF has shown a one-year return of 3.78% [2] - The Cash Flow ETF tracking the CSI 300 Free Cash Flow Index has a one-year return of 20.87% and a year-to-date volatility of 9.96% [3][7]

Core Viewpoint - The article discusses the performance and attractiveness of various dividend-focused ETFs in the Chinese market, highlighting their recent returns and the increasing trend of dividend payouts by listed companies, suggesting a favorable environment for dividend assets moving forward [1][4]. Group 1: ETF Performance - The latest dividend yield for the Hwabao WP Fund is 4.61% as of February 11, 2026 [1]. - The S&P A-Share Dividend ETF (562060) has shown a one-year return of 25.58% and a year-to-date return of 6.43% [1]. - The Hwabao Hong Kong Stock Connect Low Volatility Dividend ETF (159220) has a one-year return of 32.38% and a year-to-date return of 7.1% [2][8]. - The A500 Low Volatility Dividend ETF (159296) has a one-year return of 5.74% and a year-to-date return of 1.12% [2][8]. - The 300 Cash Flow ETF (156230) has a one-year return of 20.51% and a year-to-date return of 0.69% [3][9]. Group 2: Dividend Trends - Listed companies in China have been increasing their dividend payouts year by year, with a notable increase in 2024 [4][9]. - The article indicates that the ongoing improvement of the dividend system is expected to enhance the attractiveness of dividend assets [4][9]. - The low volatility strategy focuses on mature industries with stable earnings, which are expected to provide excess returns [4][9].

Group 1 - The latest dividend yield for Hwabao Fund is 4.61% as of February 10, 2026 [1] - The S&P A-Share Dividend ETF (Hwabao 562060) has shown a one-day increase of 0.5%, a one-month increase of 2.93%, and a one-year increase of 26.47% [1] - The annualized volatility for the S&P A-Share Dividend ETF is reported at 10.96% [1] Group 2 - The latest dividend yield for the Hwabao Hong Kong Stock Connect Low Volatility Dividend ETF is 5.24% [1] - The ETF has experienced a one-day increase of 31.92%, a one-month increase of 0.47%, and a one-year increase of 12.02% [2] - The annualized volatility for this ETF is 3% [2] Group 3 - The A500 Low Volatility Dividend ETF (159296) tracks the CSI A500 Low Volatility Dividend Index and has a latest dividend yield of 4.67% [2] - The ETF has shown a one-day increase of 0.66%, a one-month increase of 2.63%, and a one-year increase of 6.41% [2] - The annualized volatility for the A500 Low Volatility Dividend ETF is 8.70% [2] Group 4 - The CSI 800 Low Volatility Dividend ETF (159355) focuses on large and mid-cap stocks with a latest dividend yield of 4.67% [2] - The ETF has reported a one-day increase of 0.59%, a one-month increase of 2.87%, and a one-year increase of 1.85% [2] - The annualized volatility for this ETF is 8.46% [2]

Group 1 - The latest dividend yield for the Hwabao Fund is 4.76% [1] - The S&P A-Share Dividend ETF (Hwabao 562060) has shown a one-year return of 10.96% and a year-to-date return of 5.53% [1] - The performance of the Hwabao Hong Kong Stock Connect Low Volatility Dividend ETF (159220) includes a one-year return of 30.93% and a recent one-week return of -0.16% [2] Group 2 - The A500 Low Volatility Dividend ETF (159296) has a one-year return of 6.32% and a recent one-week return of -0.18% [2] - The 300 Cash Flow ETF (562080) tracks the CSI 300 Free Cash Flow Index and has a one-year return of 19.17% [3] - Recent market trends indicate a shift towards large-cap value stocks, with a focus on companies with a dividend yield above 4% for defensive positioning [3][7]

Group 1 - The latest dividend yield for the SPDR A-share Dividend ETF is 4.76% [1] - The performance of various ETFs tracking different indices shows mixed results, with the A500 Dividend Low Volatility ETF showing a near-term decline of 1.10% over the past year [2][3] - The 300 Cash Flow ETF, which excludes financials and real estate, tracks the CSI 300 Free Cash Flow Index and has shown a year-to-date increase of 16.59% [3][8] Group 2 - The report emphasizes the importance of focusing on sectors with performance support, such as technology growth, cyclical commodities, and dividend stocks, which still hold value for investment [9] - The free cash flow strategy is highlighted as a way to address the limitations of traditional dividend strategies, focusing on financial health and sustainability, appealing to long-term growth investors [9] - The report also mentions the historical performance of various indices, indicating that the S&P Hong Kong Low Volatility Dividend Index has had a cumulative growth rate of 34.16% over the past five years [9]

Market Overview - A-shares experienced a rapid recovery on February 3, with over 4,800 stocks rising and the three major indices rebounding collectively. The Shanghai Composite Index rose by 1.29% to 4,067.74 points, while the ChiNext Index increased by 1.86%. The total market turnover was 2.57 trillion yuan, compared to 2.61 trillion yuan the previous day [1]. Sector Performance - The precious metals market saw a strong rebound, with the Color ETF (159876) recovering 6.4% and the Chemical ETF (516020) rising by 3.97%. Spot gold regained its previous day's losses, surpassing $4,900 per ounce, with multiple foreign institutions asserting that the logic behind the gold bull market remains intact [2][5]. - The military and aerospace sectors surged following the announcement of SpaceX's merger with xAI, with the Military ETF (512810) increasing by 4.75% and the General Aviation ETF (159231) rising by 3.51%. Both ETFs have over 65% exposure to commercial aerospace [3][11]. Chemical Sector Insights - The chemical sector experienced a broad-based rally, with the Chemical ETF (516020) reaching a peak increase of 4.3% during the day. Key stocks in the sector, such as Hongda Co. and Cangge Mining, saw significant gains, with some stocks rising over 9% [9]. - Analysts suggest that the recent price increases in the chemical sector are driven by a combination of supply-demand mismatches, macroeconomic easing, and industrial upgrades. The sector is expected to maintain high profitability for the next 3-5 years [7][9]. Military Sector Developments - The military sector saw a significant influx of capital, with net purchases exceeding 171 billion yuan in defense and military stocks, ranking second among 31 primary industries. The Military ETF (512810) ended a four-day decline with a strong performance, with all 80 constituent stocks rising [11][12]. - The merger of SpaceX and xAI is anticipated to enhance the valuation of domestic military enterprises involved in satellite communication and related technologies, as the market expects accelerated advancements in these areas [14]. Gold Market Analysis - Analysts from Deutsche Bank and UBS maintain a bullish outlook on gold, with predictions of prices reaching $6,000 and $4,500 as a strong support level, respectively. The demand from Chinese buyers is noted to be significantly high, potentially tripling from the previous year [6][7]. Investment Recommendations - Companies and analysts recommend maintaining a balanced exposure to the color metal sector, suggesting a portfolio allocation of 10-20% to capitalize on potential gains while mitigating risks [7]. - The chemical sector is also highlighted as a promising investment opportunity, with a focus on leading companies and those benefiting from price increases due to recent policy changes [9].

Core Viewpoint - The high dividend strategy for 2026 is expected to shift towards a focus on fundamental resilience, moving away from historical dividend ratios and static yields towards companies with potential for earnings improvement and increasing future dividends [6][15]. Group 1: Dividend Configuration Direction - Three key clues suggest the dividend allocation direction for 2026: overseas AI investments and manufacturing recovery leading to a power demand gap; resource protectionism in emerging markets coinciding with a rate cut cycle; and a recovery in domestic demand and consumption power, indicating that resources and traditional manufacturing sectors may benefit [6][15]. - The high dividend strategy may focus on structural shifts, seeking companies with fundamental resilience or marginal improvement trends, where future dividend ratios may rise and forecasted yields meet expectations [6][15]. Group 2: Shipping and Port Sector Insights - Regulatory changes regarding shadow fleets may benefit compliant leaders in the oil transportation industry, as a significant gap in effective global oil transport capacity is anticipated due to increased regulatory scrutiny [15]. - The regulatory tightening may lead to a large-scale halt in operations by shadow shipowners, impacting global oil transport turnover, with freight rates expected to show a K-shaped differentiation, where compliant fleets enjoy a safety premium and increased bargaining power [15]. Group 3: Dividend Yield Rankings - The top five sectors by dividend yield include: white goods at 6.10%, commercial banks II at 5.80%, coal mining at 5.46%, rural commercial banks II at 4.90%, and shipping ports at 4.20% [16][17].

Core Viewpoint - The report highlights the performance of various dividend-focused ETFs, showcasing their returns and volatility compared to the Shanghai Composite Index, indicating a favorable investment environment for dividend strategies in the current market [1][2][6]. Group 1: Dividend ETF Performance - The latest dividend yield for the Hwabao S&P A-Share Dividend ETF is 4.76% [1]. - The S&P A-Share Dividend Opportunity Index has shown a one-year return of 24.95% and a year-to-date return of 1.14% [1]. - The Hwabao Hong Kong Stock Connect Low Volatility Dividend ETF has a one-year return of 29.94% and a year-to-date return of -1.57% [2][6]. Group 2: Comparison with Shanghai Composite Index - The Shanghai Composite Index has recorded a one-year return of 26.68% and a year-to-date return of 3.85% [1][2]. - The annualized volatility for the Hwabao S&P A-Share Dividend ETF is 10.96%, while the Shanghai Composite Index has an annualized volatility of 10.55% [1]. - The Hwabao A500 Low Volatility Dividend ETF has a one-year return of 4.37% and a year-to-date return of -0.68%, compared to the Shanghai Composite Index's year-to-date return of 3.85% [2][6]. Group 3: Investment Strategy Insights - The report emphasizes a focus on high dividend yields and low volatility as a strategic approach for investors seeking stable returns [6]. - The Hwabao 800 Low Volatility Dividend ETF targets large and mid-cap stocks with a quarterly assessable dividend mechanism [2][6]. - The performance metrics suggest that dividend-focused ETFs may provide a defensive investment strategy in volatile market conditions [1][2].