Core Viewpoint - The Hong Kong Stock Connect Dividend ETF managed by Fuguo has shown a positive performance with a recent increase in value and a notable return since its inception [1] Group 1: Fund Performance - The Hong Kong Stock Connect Dividend ETF Fuguo (159277) increased by 0.97% on November 10, with a trading volume of 14.89 million yuan [1] - The fund's latest net asset value is calculated at 134 million yuan, with a total share count of 129 million, reflecting a decrease of 1 million shares on the same day [1] - Over the past 20 trading days, the fund has seen a reduction of 59 million shares [1] Group 2: Returns - Since its establishment on August 5, 2025, the fund has achieved a return of 3.99% [1] - In the last month, the fund's return has been 9.36% [1] Group 3: Management and Benchmark - The fund is managed by Fuguo Fund Management Co., Ltd., with Tian Ximeng as the fund manager [1] - The performance benchmark for the fund is the China Securities Hong Kong Stock Connect High Dividend Investment Index return rate, adjusted using the valuation exchange rate [1]

Core Viewpoint - The Hong Kong Stock Connect Dividend ETF by Fuguo (159277) experienced a 1.55% increase in value on October 16, with a trading volume of 23.71 million yuan, indicating a positive market response despite a reduction in shares outstanding [1] Group 1: Fund Performance - The latest net asset value of the Hong Kong Stock Connect Dividend ETF is 159 million yuan [1] - Since its inception on August 5, 2025, the fund has reported a return of -1.81% [1] - Over the past month, the fund's return has been -0.10% [1] Group 2: Share Dynamics - On the same day, the fund's shares decreased by 3 million, bringing the total outstanding shares to 162 million [1] - In the last 20 trading days, the total shares have decreased by 53 million [1]

Group 1 - The Hong Kong Stock Connect Dividend ETF, FuGuo (159277), experienced a decline of 0.72% on September 1, with a trading volume of 25.97 million yuan [1] - The fund's shares increased by 6 million, bringing the total shares to 213 million [1] - The latest net asset value of the fund is calculated to be 204 million yuan [1] Group 2 - The performance benchmark for the Hong Kong Stock Connect Dividend ETF is the CSI Hong Kong Stock Connect High Dividend Investment Index return rate, adjusted using valuation exchange rates [1] - The fund is managed by FuGuo Fund Management Co., Ltd., with Tian Ximeng as the fund manager [1] - Since its establishment on August 5, 2025, the fund has recorded a return of -3.85% [1]

Core Viewpoint - The Hong Kong stock market is experiencing significant growth, with the Hang Seng Index rising over 25% in 2025, outperforming other major asset classes, while the newly launched Hong Kong Stock Connect Dividend ETF provides A-share investors with a new tool to access high-dividend assets [3][4]. Market Environment - As of August 2025, the A-share market has reached 3600 points, reflecting a year-to-date increase of approximately 10% [3]. - The low interest rate environment, with the ten-year government bond yield at around 1.72%, has led to a decline in traditional low-risk asset yields, making high-dividend assets increasingly attractive [4]. High-Dividend Assets - High-dividend assets are becoming a preferred choice for institutional investors, with domestic high-dividend/ dividend ETFs growing by 231 million yuan in the first half of 2025, and those targeting Hong Kong stocks increasing by 163 million yuan, a 1.66-fold rise compared to the end of 2024 [5]. - The Hong Kong Stock Connect High Dividend Total Return Index has achieved a cumulative return of 210.63% since its inception, significantly outperforming the China Securities Dividend Total Return Index [5]. ETF Characteristics - The newly launched Hong Kong Stock Connect Dividend ETF (159277) tracks the China Securities Hong Kong Stock Connect High Dividend Investment Index, which boasts a dividend yield of 5.76% and a price-to-earnings ratio of 7.47, compared to 4.41% and 8.25 for the A-share market [6][8]. - The index consists of 30 stocks, with 26 being state-owned enterprises, which have a strong track record of dividend payments, with 69% of the stocks having paid dividends for the last 10 years [8]. Cost Efficiency - The ETF has a total annual fee of 0.4%, which is 33% lower than similar ETFs tracking the same index, enhancing the efficiency of dividend reinvestment [9][10]. - Lower fees can significantly impact long-term returns, with a hypothetical scenario showing a 2% higher return over 10 years for a lower-fee ETF compared to a higher-fee counterpart [9]. Management Expertise - The ETF is managed by a team with extensive experience in index investment, with the fund manager having 8 years of experience in the securities industry [11]. - The management team has received numerous industry awards, reflecting their strong performance and expertise in managing ETF products [11]. Conclusion - The launch of the Hong Kong Stock Connect Dividend ETF coincides with a favorable market environment for high-dividend assets, providing a transparent, low-cost, and efficient investment tool for investors seeking stable returns in a low-interest-rate era [12].