Hang Seng High Dividend Low Volatility ETF E Fund (159545) has a dividend yield of 5.49% over the past year, raising over 4.1 billion

As of 13:02, the Hang Seng Stock Connect High Dividend Low Volatility Index (HSHYLV) fell by 0.36%. Among its weighted stocks, COSCO International Holdings rose 0.2%, China Shenhua fell 1.33%, VTECH HOLDINGS rose 0.65%, China Mobile rose 0.73%, Bosideng rose 0.42%, China Shipbuilding Leasing fell 0.9%, Shougang Resources fell 1.72%, China Resources Power fell 1.98%, and China State Construction International fell 0.49%.

The Hang Seng High Dividend Low Volatility ETF E Fund (159545) closely tracks the Hang Seng Stock Connect High Dividend Low Volatility Index. The fund has attracted significant capital attention, recording a net inflow of 116 million yuan in the previous trading day. As of the previous trading day, the fund had a cumulative net inflow of 292 million yuan over the past week and 4.158 billion yuan over the past year.

Hong Kong stocks are entering a dense dividend distribution period in July and August, with financial and energy central state-owned enterprises concentrating on paying final dividends. Bank of China pays 0.13498 HKD per share on August 19; China Railway Rolling Stock Corporation pays 0.138037 HKD per share on August 13; China Railway Construction pays 0.3449 HKD per share on August 21.

Recently, China Reform Holdings and China Chengtong simultaneously announced share buyback plans, having invested over 50 billion yuan and nearly 10 billion yuan respectively to increase their holdings in central SOE stocks, with commitments to continue large-scale purchases. These two major central SOEs have stepped in, expressing confidence in the resilience and value center of Chinese assets with real money.

Huatai Securities stated that volatility in growth sectors is intensifying, and the defensive attributes of high-dividend assets as core positions are expected to regain attention. Previously, the high-dividend sector was impacted by capital flowing into growth tracks, compounded by the retreat of geopolitical conflict premiums, leading to relatively flat trends. With the continuous repair of sector cost-effectiveness, strong support is provided by insurance funds' long-term allocation demands and capital reallocation needs against the backdrop of an asset shortage, gradually restoring the investment value of dividend core positions.

The Hang Seng Stock Connect High Dividend Low Volatility Index (HSHYLV) is compiled by Hang Seng Indexes Co., Ltd., aiming to reflect the overall performance of high-dividend, low-volatility stocks tradable via Stock Connect. In terms of industry distribution, the index leans towards mature and stable sectors with strong dividend capabilities, such as finance, real estate construction, and energy, which hold prominent weights. As of July 24, 2026, the index's dividend yield reached 5.49%.

The fund distributed dividends four times over the past year, with a total distribution amount of 227 million yuan during this period, making the dividends quite substantial. Choosing an ETF with higher and more stable dividend frequency can provide investors with more stable cash flow.

The E Fund Dividend Index Series, including three ETFs—the Hang Seng High Dividend Low Volatility ETF E Fund (159545) 'Dividend Monthly Enjoyment', the E Fund Low Volatility Dividend ETF (563020), and the E Fund Value Dividend ETF (563700)—evaluates distributions on a quarterly basis. When configured completely and combined, they cover all months of the year, striving to achieve the effect of "monthly dividends" to meet monthly cash flow needs.