Bosera CNI HK Connect Central SOE Dividend ETF (03437.HK) Down 0.61% as High-Yield Names Prove Defensive

NewTimeSpace News: As of 9:51 on November 6, Bosera CNI HK Connect Central SOE Dividend ETF (03437.HK) fell 0.61% to a latest price of HK$9.775. The ETF has so far traded 445,300 units today, with turnover of HK$4.3618 million and an average price of HK$9.795; its turnover rate is 0.470%. It has fallen 0.61% week to date. The net asset value per unit is HK$9.7974, and assets under management stand at HK$928 million. (Note: NAV and AUM are as of November 5; the week-to-date change is based on the October 30 close of HK$9.835.)

Hong Kong stocks opened lower on November 6 after heavy overnight losses on Wall Street. The Hang Seng Index stood at 24,474.68, down 1.30%, the Hang Seng TECH Index at 4,064.05, down 2.17%, and the Hang Seng China Enterprises Index at 8,261.69, down 1.28%; central SOE dividend names fell notably less than growth stocks. A day earlier, Hong Kong equities had rallied with the Hang Seng Index up 3.67%, yet southbound funds sold a net HK$21.3 billion. On the mainland, the Yinhua high-dividend ETF (563180) added 6 million units on November 5 with net inflows of RMB5.41 million.

Bosera CNI HK Connect Central SOE Dividend ETF (03437.HK) tracks the CNI HK Connect Central SOE Dividend Index, whose constituents are the more stable payers with higher dividend yields among central SOE companies under the State-owned Assets Supervision and Administration Commission that are eligible for Stock Connect, spanning energy, telecommunications, utilities, banks and construction, reflecting the performance of Hong Kong-listed central SOE high-yield assets. The product is managed by Bosera Asset Management (International) and listed on July 10, 2024, with a management fee of 0.5% per year.

Huafu Securities believes dividend assets still offer a stable cash-return base, with the HK Connect Central SOE Dividend Index and the HK Connect Dividend Low Volatility Index yielding 5.46% and 5.17% respectively. Stable yields also form a solid valuation anchor, giving dividend assets relative resilience when risk appetite weakens; on positioning, active equity mutual funds added to the CSI Dividend Index in the third quarter of 2026, lifting holdings by 1.76 percentage points, a sign of defensive reallocation.