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景顺长城徐喻军:低利率叠加政策驱动,红利资产配置共识提升

Invesco Great Wall's Xu Yujun: The combination of low interest rates and policy-driven factors has raised the consensus on Dividends Asset allocation.

Breakings ·  Dec 27 20:57

Xu Yujun, the proposed fund manager of Invesco Great Wall's Dividend Algo Stock Fund believes that, on one hand, the yield on 10-year government bonds continues to decline, officially entering the "1" era. In a low-interest rate environment, the dividend yield of Dividend Assets is relatively stable and high, significantly enhancing its risk premium, thus increasing the attractiveness of equity assets, making Dividend Assets one of the investment choices for some funds seeking higher cost-performance ratios. On the other hand, recent policy measures have also been frequently introduced. New regulations on state-owned enterprises' Market Cap management and the halving of transaction fees for A-share Dividends have been released one after another, boosting enthusiasm for investing in Dividend Assets. Meanwhile, regulatory efforts have consistently guided the optimization of dividend levels in A-share listed companies in recent years, aligning with the allocation needs of institutional funds like insurance capital, leading to a continuously increasing market consensus on the medium to long-term allocation value of Dividend Assets.

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