The high dividend sector is expected to see marginal improvement in relative returns, and the Hong Kong Stock Connect dividend ETF has gained four consecutive rises.

On February 11th, the Hong Kong Stock Connect Dividend ETF of GF rose by 0.64%, achieving a fourth consecutive increase. Zhongtai Securities stated that the high dividend sector is expected to see marginal improvement in terms of relative returns. In the midterm, the investment logic of the high dividend sector will become clearer. After the Spring Festival, as the National People's Congress and the Chinese People's Political Consultative Conference approach, policies such as stable growth, consumer promotion, and capital market system construction are gradually being implemented, and the market style is expected to transition from "high elasticity trading" to "certainty of allocation". In this process, sectors with low valuations, stable earnings, and high dividend certainty may usher in a stronger and more sustainable recovery market, rather than short-term pulse rebounds. Guojin Securities pointed out that the allocation strategy of dividend policies in 2026 should focus on structural changes: shifting from a focus on historical dividend ratios and static dividend yields to seeking sectors with some fundamental elasticity or marginal improvement trends and the possibility of future dividend increases. Based on the outlook for the three core fundamentals, the benefits of resources and traditional manufacturing industry dividends are wide-ranging: resource dividends will benefit both from overseas investment in AI and the power shortage caused by the recovery of the manufacturing industry, as well as the resonance of resource protectionism and interest rate cuts in emerging markets; the traditional manufacturing industry dividends have the widest benefit, with the logic of everything except service consumption benefiting. The Hong Kong Stock Connect Dividend ETF of GF and its off-exchange connections provide investors with a convenient way to invest in Hong Kong dividend assets, allowing for stable returns and long-term value.