The S & P dividend ETF (562060) rose slightly in early trading on May 15.9clubslot.09%, most of the top 10 heavy stocks rose, of which Cosco Sea Control and Mountain Coal International rose more than 2%. S & P dividend ETF (562060) has risen 11.49% so far this year and 1.55% in the past 5 days.
S & P dividend ETF (562060) tracks the S & P China A-share dividend opportunity Index (CSPSADRP), which is managed by Warburg Fund and managed by Hu Jie. Judging from the historical data, the average dividend yield of the S & P A-share dividend index tracked by S & P dividend ETF (562060) in the past 10 years is more than 4%, which is characterized by a significantly high dividend. As of April 30, its latest dividend yield is 6.12%, which is better than it.9clubslotHe A-share mainstream dividend index. The price-to-book ratio is 0.98, the historical price-to-earnings ratio is 7.87, and the expected price-to-earnings ratio is 7.94.
Professionals pointed out that with the continuous influx of institutional funds, the current dividend products have entered a stage of rapid development, as the state further enhances the emphasis on the dividend ability of listed companies, and further implements the fund cash dividend system, with the introduction of policies such as clearly cashing profits to investors, the dividend mechanism of listed companies will be further optimized in the future, the dividend investment demand is expected to continue to expand, and the potential development space is still relatively broad.
Huatai Securities believes that the market may enter a short break, dividend is still the first choice of the bottom position. At present, there are two main lines of prosperity: switching between high and low within the plate and between A / Hong Kong stocks, tactical configuration export and production capacity reduction. In April, the financial data is weak, M1 turns negative compared with the same period last year, and the slowdown of M1-M2 scissors difference indicates that the dumbbell configuration still has a certain persistence and necessity. Considering the repair or twists and turns of risk preference, the medium-term dimensional dividend is still the choice of bottom position, and marginal attention is paid to the incremental information of Q1 financial report. Dividend plate within, A / Hong Kong stock dividend plate to do high and low switch, considering the performance-to-price ratio, positions, etc., pay attention to banks, transportation, Hong Kong public utilities, Hong Kong stock banks and other sectors.
Huaxi Securities believes that the current wide credit environment has a positive impact on A shares. Persistently low domestic inflation pushes up real interest rates on the one hand and suppresses the profits of A-share companies on the other. In its first-quarter cargo policy report, the central bank clearly pointed out that "promoting price recovery is an important policy consideration in the next stage." combined with the current steady rise of the RMB against a basket of exchange rates, monetary policy coordination with broad fiscal and stable real estate, and subsequent reserve requirement and interest rate cuts have room for favorable support to the equity market. In terms of style, the current shortage of asset allocation objectively exists, and after the rotation of the low plate, we should still pay attention to the investment opportunities of the dividend plate in the medium term.
Open source securities pointed out that at present, China is in a new development paradigm, while "New National Nine articles" is expected to evolve A-share ecology and consolidate the foundation of long cattle. In the future, the essence of A-share investment is expected to return to fundamentals, and market aesthetics may turn to a balanced strategy of both [high profitability] and [high performance quality]. In this regard, we need to pay attention to a core index: ROE mean-standard deviation, new macro paradigm + new Guojiu catalysis. [ROE mean-standard deviation] may be one of the most valuable indicators in A-share bulls. In terms of industry configuration, it is recommended that the central state-owned enterprise dividend blue chip as a medium-and long-term bottom position.
