Yesterday the commander introduced three most common dividend indexes and suggested that smart investors can use it as a weapon for "long-term investment and short-term speculation". When the market shows a clear offensive posture, the "Mao Index" characteristics of the Shenzhen Stock Exchange Dividend Index can ensure timely keep up with the market; and when the market enters a volatile downward trend, the Shanghai Stock Exchange Dividend or CSI Dividend Index is more defensive, and the two have obvious characteristics of "non-group, cyclical industry, and low valuation".
A friend left a message after seeing it: Does the high dividend strategy also have the characteristics of the Shanghai Stock Exchange dividend and the CSI dividend? Which one is better?
So, today the commander will introduce several indexes that adopt high dividend strategies. Let’s see if they are also suitable for the market with low risk preference. Compared with the two dividend indexes, which one is better or worse?
The following data sources: CSI Index official website, Choice. Deadline: March 22, 2021.
1, CSI High Dividend Leading Index
Select leading listed companies with good liquidity, stable performance and high dividend yield from the Shanghai and Shenzhen stock markets. Currently, there are 30 constituent stocks, and the top ten weighted stocks are: China Merchants Bank , Industrial Bank , Baosteel Co., Ltd. , Yanzhou Coal, Sangang Minguang, Longmangbaili, Midea Group , Kangli Elevator , Industrial and Commercial Bank , and Ping An, China, accounting for 43.90%, with obvious characteristics in the banking and steel industries. Tracking fund: Penghua CSI high dividend leader ETF, fell -0.15% in the past January, rose 6.76% this year and 37.02% in the past year.
2, CSI High Dividend Selection Index
Select listed companies from the Shanghai and Shenzhen stock markets with good liquidity, continuous dividends, high dividend yields, continuous profits and growth. Currently, there are 100 constituent stocks, and the top ten heavyweight stocks are: Lingxiao Pump Industry, Tapai Group, Jiuli Special Materials, Shaanxi Coal Industry , Stepan Pharmaceutical, Bohai Ferry, Wannianqing, Huabao Shares, Disu Fashion, and Open-pit Coal Industry, accounting for a total of 23.29%, and the resource raw material industry accounts for a large proportion. Tracking funds: Puyin AXA CSI High Dividend ETF and Linked Fund, the former fell -0.81% in the past January, rose 2.76% this year and 39.41% in the past year.
3, CSI Shanghai-Hong Kong-Shenzhen High Dividend Index
Select listed companies with good liquidity, continuous dividends, high dividend yields, continuous profits and growth from the Hong Kong stocks that meet the conditions of Hong Kong stocks and . There are 100 top constituent stocks, and the top ten heavyweight stocks are: Kangzhe Pharmaceutical, Lingxiao Pump Industry, Asia Cement, China Resources Cement Holdings, Tapai Group, Jiuli Special Materials, Shaanxi Coal Industry, Wannianqing, Bohai Ferry, and Huabao Co., Ltd., accounting for a total of 25.13%, and the upstream resource characteristics are relatively obvious. Tracking funds: Galaxy CSI Shanghai-Hong Kong-Shenzhen High Dividend A/C, Cinda Bank-Australia CSI Shanghai-Hong Kong-Shenzhen High Dividend Selection, Minsheng Bank-China CSI Hong Kong-Shenzhen High Dividend Index A/C. Taking Galaxy CSI Shanghai-Hong Kong-Shenzhen High Dividend A as an example, it rose 2.24% in the past January, up 7.82% this year, and up 28.24% in the past year.
4, China Trading Service Expected High Dividend Index
tracks the performance of the top 40 stocks with high expected dividend yields on the "Hong Kong Stock Connect" qualification list. The top ten weighted stocks are all Hong Kong stocks, namely: China Aoyuan, R&F Real Estate, China Resources Power , Country Garden , Country Garden , Sinopec Refining and Chemical Engineering, Yanzhou Coal Mining Co., Ltd., Baolong Real Estate , Xincheng Development, Xintian Green Energy, and Times China Holdings, accounting for a total of 31.31%, and the real estate characteristics are relatively obvious. Tracking fund: Zhejiang Merchants China expects high dividend A/C, with Class A shares rising 6.46% in the past January, up 13.40% this year and 34.42% in the past year.
5, CSI Hong Kong Stock Connect high dividend investment index
selected 30 listed companies with good liquidity, continuous dividends and high dividend yields from Hong Kong stocks that meet the conditions for the Hong Kong Stock Connect. The top ten weighted stocks are all Hong Kong stocks, namely Yanzhou Coal, R&F Real Estate, Country Garden Group , Lenovo Group , Country Garden Group, Jiantao Laminated Board, Xinyi Glass, China Petroleum and Chemical Corporation, China Shenhua, and CITIC Bank, accounting for a total of 41.47%, and the characteristics of the real estate and energy industries are relatively obvious.Tracking fund: Huatianfu CSI Hong Kong Stock Connect has a high dividend LOFA/C. Class A shares have risen by 5.09% in the past January, up 10.14% this year and 19.90% in the past year.
In addition to the above five high dividend strategy indexes, the commander introduced two funds that also adopt high dividend strategies and perform well. 1. GF High Dividend Youxiang Mixed, the A-class shares have risen by 1.72% in the past January, up 7.09% this year, up 50.05% in the past year, fund manager Yang Dingguang has been managing since the establishment of the product on January 20, 2020; 2. Qianhai Kaiyuan's top 100 dividend yield stocks have fallen by -1.46% in the past January, up 5.12% this year, up 47.32% in the past year, fund manager Ding Yao has been managing since September 9, 2020. How does
or above 7 high-dividend strategy funds perform at each stage compared with the Shanghai Stock Exchange Dividend, CSI Dividend, and Shanghai and Shenzhen 300? Among them, has three high dividend strategy funds outperformed Huatai-Prudential Shanghai Stock Exchange Dividend ETF and E Fund CSI dividend ETF, and both outperformed the Shanghai and Shenzhen 300; two high dividend strategy funds outperformed the two dividend indexes in the past month, and both outperformed the Shanghai and Shenzhen 300; five high dividend strategy funds outperformed the two dividend indexes in the past year, and three of them outperformed the Shanghai and Shenzhen 300.
Looking back on history, after the market plummeted in November 2007 and July 2010, the CSI Dividend Index, which has a high dividend strategy, has gained excess returns for more than half a year (compared to the Shanghai and Shenzhen 300). When the market also experienced a sharp drop in July 2015 and February 2018, it even reaped excess returns for more than a year. It can be seen that when the market for shows a significant downward trend, investors (including institutions) tend to prefer defensive products with relatively low valuations and obvious high dividend characteristics.
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