GX Hang Seng High Dividend Yield ETF (03110.HK) Edges Up 0.07% as Dividend Stocks Defy Selloff

NewTimeSpace News: As of 10:39 on November 6, GX Hang Seng High Dividend Yield ETF (03110.HK) rose 0.07% to a latest price of HK$29.960. The ETF has so far traded 243,990 units today, with turnover of HK$7.2761 million and an average price of HK$29.822; its turnover rate is 0.118%. It has gained 2.11% week to date. The net asset value per unit is HK$29.7106, and assets under management stand at HK$6.156 billion. (Note: NAV and AUM are as of November 5; the week-to-date change is based on the October 30 close of HK$29.340.)

Hong Kong stocks opened lower on November 6 after Wall Street's heavy overnight losses, with the Hang Seng Index down 392.36 points at 24,404 (−1.58%) and the Hang Seng TECH Index down 3.11% at 4,025. Dividend names bucked the trend: PetroChina, CNOOC and China Shenhua gained more than 1%, COSCO Shipping Holdings and ICBC edged higher, while SITC International fell over 2%. A report from Industrial Securities' overseas strategy team showed that at the end of the third quarter of 2026, insurers' Hong Kong holdings were concentrated in banks at 78.6%, non-bank financials at 6.6%, home appliances at 3.8% and coal at 2.3%, with allocation continuing to tilt toward high-dividend assets.

GX Hang Seng High Dividend Yield ETF (03110.HK) tracks the Hang Seng High Dividend Yield Index, whose constituents are Hong Kong-listed companies with relatively high historical dividend yields and stable payout records, spanning financials, utilities, energy, telecommunications and property and construction, reflecting the performance of Hong Kong's high-yield assets. The product is managed by Mirae Asset Global Investments (Hong Kong) and listed on June 17, 2013, with a management fee of 0.68% per year.

Fang Yi, chief strategist at Guotai Haitong Securities, believes uncertainties over the AI narrative, geopolitical conflicts and the US midterms remain to be resolved, overseas risk aversion has risen, and headwinds to Hong Kong liquidity have not fully cleared; on allocation, Hong Kong high-dividend assets still deserve attention in the fourth quarter, alongside selective exposure to names with improving earnings visibility.