中证港股通非银ETF投资价值分析：政策托底与红利护航下的配置机遇

www.chinastock.com.cn駩⯟煝疵䫟⼴侓瞬䩬䍐┱绞⯈䫞薨┬溸ꏕ翞勨ꆱ——╚駩艧ꄽ긌ꧼETF䫌鰑⚃⡽⮕卥呦䖦間掾艧ꄽ긌ꧼ䭰俚1㕈 续 ⟥ 䛉 ♣焺931024.CSI2017䌑11劓6傽 ⹿ 䉘 㕈 傽2014䌑11劓14傽 㕈 掾3000掾 ն2䧯 ⮕ 艧 ꄑ ⺆ ♈  艧 ꄽ 駩 ⯟ ╚ ꄑ⺆ 긌 ꧼ 鉿 ꓭ 鄌 全 뀨 劅 㝃50㵶 ⪫ ⺶ 䓝 ⯼34⺢ 帏 漺 受 ꯟ յ駩 ⯟ յ㝃 ⩧ ꓭ 鄌 瞏鉿 ╃ ն3 罒 ⯜ 做 䑑  ꓠ 氠 蔦 氮 嵤 ꄽ 䉗 ⡽ Ⲏ 勶嬓 ⶯ 䌑 騫 俠 呤 续 ն鉿╃⹴䉗⡽⮕䉘 鉿 ╃  全锢 臔 撌 ◟ 受 ꯟ յ 㝃 ⩧ ꓭ 鄌 ⾕ 駩 ⯟ 瞏 긌 ꧼ ꓭ 鄌呦 䖦 뀖 意 ն駩 ⯟˼鉿 ╃ 劔14㵶受 ꯟ˼鉿 ╃9㵶㝃 ⩧ ꓭ 鄌 鉿 ╃8㵶 䨼 㐌分 䐷 ⹿յ尸 鿕 纳 ⲏ ⾕ 鿞 ⚂ 䐷 ⹿ 鉿 ╃ ⻄ 劔㵶 ն 䉗 ⡽ 1000☳ ⹴ ♨ ┪ 䉗 ⡽䧯 ⮕ 艧12⺢ ♨눥  ☆ 儅 䨿 յ ⹵ ꊝ 受 ꯟ 瞏 봅 㝧╬ ♣ 銩 㸰 ◟100☳ 䉗 ⡽ 䧯 ⮕艧5⺢100-599☳ 瞏 ⶔ ꭊ ⮕ 䉘 潸 㸉 性 ⴦ 600-699☳ ⶔ ꭊ 傱 䧯 ⮕ 艧 ն╃缥㸉嬠蔦䌑 ♨ 缺䨗 蔸䌑劓傽 艧 ꄽ 긌 ꧼ 䭰 俚 箕 駉侅 漩 椚.%ն㶄 㕈 䭰 俚 ┱  艧 ꄽ溸.%㕈 续 䭦 䌐 兇 詇 둛 ◟䚔 气 䭰 俚 溸.%ն ⻎ 稝 䭰 俚  汻 ⛽ ◟ 艧 ꄽ ⫐ 㐌 ꓭ 鄌 䭰 俚.%ն㲳鉿╃㕈勔긖1侓 瞬 㸍 ⻔ 蔦䌑劓傽 ꓭ 鄌 佻 䭦 缋 嵴 둛 鯵 ꓪ ⹿㺥 ┞ 䴗 㲳 侓 瞬 ⮃ ⺬ ♨ 缺 漳 硅 ꌄ ꬾ 䭦 缩 䲀 ⮃ ┞ 笡 ⮬ 甯 鰑 续 䉗 㐙 溸 侓 瞬 䲃 类 ╬긌 ꧼ 升 㑊 ⮱ ꅐ ◗ 劔 ⯈ 溸 侓 瞬 楒 㘷 ն受 ꯟ 鉿 ╃ 㐃 ⛽ ⯈ 椚 楒 㘷 ┬ 勶 漩 鰑 分ꏕ 翞 嬠 ❛ 溸 䳀 둛 㸞 兇 詇 侊 ㄌ 䫌 鰑 侅 漩 椚  ⺖ Ⲏ 受 鰆 侅 ⪝ 䭦 缩 ㎈ 凈 䊎 缺 溸 閕 埛侞 䍎 뀔 駉 㸞 䊎 Ⲙ 受 ꯟ 鉿 ╃ 俠 匀 漥 ⯈ 寊 䌐 䳀 ⶬ ն杅 ⯋ 儱 㐃 漳 硅 ꌄ ꬾ 믈 Ⲥ ╚ ꪍ 劻鰑 ꓭ ⪝ 䉗 溸 侓 瞬 佻 䭦 ┬ ꯟ 鰑 ꄽ ꁩ ⚳  勶 漩 鰑 分 ꏕ 翞 缏 卐 劔 労 㵄 ⻓ 䫌 鰑 侅 漩溸 甯 婢 㙨 ꪍ ♈ 脯 䲀 Ⲙ 鉿 ╃ 漥 ⯈ 뀔 劻 䭦 缩 ⻔ 㟲 ն駩 ⯟ 鉿 ╃ 㐃 䫌 鉿 յ缋 绦 յ⟥ 氠 瞏 ⚿ 缛 ╃ ⲏ 缏 卐 䙎 ㎈ 凈 溸 䊎 Ⲙ ┬  ⺖ Ⲏ 䉗 㐙 嵛 鳢 䍳 䳀 ⶬ 䊎 缺 溸 蔦 觝 ╃ ⲏ勨 ⚷  駩 ⯟ 鉿 ╃ 俠 匀 漥 ⯈ 寊 䌐 劔 労 㵄 ⻓ 甯 婢 䳀 ⶬ ն⪾㜜┪巹疿ꭊ1 䉗 㐙 ⸉ ⺮ 俚 䰕 兇 獏  艧 ┱ 耘 ⩧ 䭰 俚 ⹴ 耘 ⡺ ⯈ 椚 ⼯ ⻓ 兇詇 鯬 潸 ⪸ ⪸ 笡 脯 갫 濫 耘 ㎼ 缋 嵴 兇 ⻓ 泹 鿞 ꃥ 骮 耘 ⩧ ⹴ 耘 ⡺ ⯈ 椚 劔 労 鱂 䒙 ꂘ㸞 ╬  艧 ⛓ ⡽ ⟶ 㜩 ⮱ ꅐ 劔 ⯈ 匜 ⚂ ն㎼ ⫐ 閗 閤 4劓 侓 岖 㹾 ⚷ 駖 ⾕ ㎼ 假 ⲋ 侓 瞬 銩䘒 性 ꓤ 侒 ⮃ 僻 燛 溸 甯 鰑 续 䉗 㐙 ⟥ ⺵  侓 瞬 佻 䭦 ⲇ 䍳 Ⲏ 㝕 㸞 ╬  艧 ⚕ ╃ 漥 ⯈ 侊ㄌ 䳀 ❵ 劔 ⲇ 佻 临 ն2⛓ ⡽䨗蔸2025䌑6劓11傽  艧 ꄽ 긌 ꧼ 䭰 俚 䉗 ⬥ 椚0.99⠩ 㜘 ◟10䌑66.46%⮕ ⛻ 掾 ն┯ 鳉1⠩ 䉗 ⬥ 椚㴼 ⚃僻 兇⛽ ⛓ ꗞ ◟ 긌ꧼ 鉿 ╃㕈 续 긖 绪 䛔   艧 ꄽ 긌 ꧼ 䭰 俚 溸 ⛓⡽ ┱ ⫐ 㐃 ⚃ ⡽ ⢟ 瑠  ⪾ 㜜 ⟶ 㜩 愗ⲇ ն3漥 ⯈ 2025յ2026⹴2027䌑 溸嬓 艧 侅 漩뀔 嵱 ⮕ ⯋ ╬5.09⩧յ5.64⩧ 6.44⩧ ⪾ 㜜 鿲 点 溸漥 ⯈⟶ 㜩 茤 ⲇ ն4艧 䛉 䨗蔸2025䌑6劓11傽 艧ꄽ 긌 ꧼ 䭰 俚 艧 䛉 椚 ꁒ3.18%脯 ⻎ 劻 ⫐ 㐌 긌 ꧼ ꓭ 鄌 䭰 俚 艧 䛉 椚 ☹1.95%ն㐃 ⛽⯈ 椚 楒 㘷 ┬   艧 ꄽ 긌 ꧼ 䭰 俚 㐃 绞 ⯈ 㺲 䙎 ┪ ⪾ 㜜 痓 ⮃ ⚳ ⲹ ն䌦⹿╚駩艧ꄽ긌ꧼ鉿ꓭ鄌╭뀨ETF騍 㕈 ꓭ儱潨 ⯼ ⪢ 䉗 㐙 め ┞ ┞ ⺢ 鴋 鶅 ╚駩  艧 ꄽ 긌 ꧼ 鉿 ꓭ 鄌 全 뀨 䭰 俚 溸ETF分 ⿣ ն氮 䌦 ⹿ 㕈 ꓭ ⹿ 鉿 䧯 皒 ◟2023䌑11劓10傽  䌔 ◟ 䓝 劓27傽 婞 䑑 ┪ 䉗 ☆ 儅  氮 羻 ㎼ 䌳 ⾕ 剺 ┿ 㴔 ═ ⛻ 㕈 ꓭ 缋 槏⪴ ⻎ 硅 槏 ն 分 ⿣ 䳀 ❵A稝 020500 ⾕C稝 020501 ═ 璀 臅 䱹 㕈 ꓭ ꄑ 䭃 ն䨗 蔸2025䌑6劓12傽 騍 㕈 ꓭ 嵤 ꄽ 閕 埛 䉂 ꁒ25.81☳ ⩧ ն䐮 駖 ⪸ 峜䌦 ⹿ ╚駩  艧 ꄽ 긌 ꧼ 鉿 ꓭ 鄌 全 뀨ETF ♣ 焺 513750.OFն낊 ꯟ 䳀 獏 嶯 㜾 ꮴ 䛉 ┯ 燛 㴼 낊 ꯟ  杅 组 册 假 侓 瞬 ┯ 燛 㴼 낊 ꯟ  㐌 罔 ㎌ 筷 䪑 Ⲙ낊 ꯟ  䉗 㐙 䝠 缦 ┯ 甯 㴼 낊 ꯟ  ㎼ ⫐ 侓 瞬 訒 㐌 侞 卸 ┯ ⹴ 뀔 劻 낊 ꯟ ն lllllll ⮕卥䉞匤鱪(010-8092-7696潸⪸煝疵瞬甯䉗㐙甯뀔劻⟶㜩⯒漥⯈⩽⻓䰄㐭銝ꏕ翞ⲇꓤ侒䭰䑜䫌鰑做⻔ 騟ⲏ䖪꭛騣婞倁劅⻑溸╚㎼ꧼ岉駩⯟艧⚌劔ꮺ⪫⺶⩹鯰㛽僻ն潨䓡Catalog┞յ艧ꄽ긌ꧼꓭ鄌⚃⡽⮕卥..................................................................................................................┞㴥間缋嵴䓺ⲹ.................................................................................................................................◝㕈勔⟥䛉.......................................................................................................................................┩䉗⡽勶ꓨ.......................................................................................................................................㎃⛓⡽寊䌐.......................................................................................................................................◩⮕绞㺲䙎.......................................................................................................................................⪮鯯ⲏ銩楓.......................................................................................................................................◝յ鉿╃㕈勔긖⮕卥.............................................................................................................................┞侓瞬鱶ⲹ.......................................................................................................................................◝㲳鉿╃⹿㺥ꆒꀀ.............................................................................................................................┩յETF分⿣♃缉................................................................................................................................┞䌦⹿╚駩艧ꄽ긌ꧼ鉿ꓭ鄌全뀨ETF..................................................................................................◝䧯⮕艧缏卐..................................................................................................................................┩⻎稝䭰俚罒⯜㸉嬠........................................................................................................................㎃⻎稝䭰俚鉿╃⮕䉘㸉嬠..................................................................................................................◩㶄㕈䭰俚┱⻎稝䭰俚╃缥㸉嬠.........................................................................................................㎃յ낊ꯟ䳀獏.................................................................................................................................... 1 騟ⲏ䖪꭛騣婞倁劅⻑溸╚㎼ꧼ岉駩⯟艧⚌劔ꮺ⪫⺶⩹鯰㛽僻ն┞յ艧ꄽ긌ꧼꓭ鄌⚃⡽⮕卥┞㴥間缋嵴䓺ⲹ 艧 ✑ ╬ ꂞ 䱹 ╚ 㜾 鰑 续 溸 ꓨ 锢 䉗 㐙 ⪼ ⸉ ⺮ 銩 ⻓ 广 ⺇ ═ 㝕 㴥 間 ㎌ 筷 䔕 ⿱ ն⪼ ┞ ㎼ ⫐ 缋嵴 뀔 劻 䓝 ㎼ ⫐ 缋 嵴 㙨 ꪍ 뀔 劻 㙨 点 僓  艧 ✑ ╬ ╚ ㎼ 缋 嵴 溸 瑠 㽺 䉗 㐙 䔯 䔯 茤 椚 ⩰ ⺇ 漩 ⪼◝ ⪢ 槊 嵤 Ⲙ 䙎 枱 ⬔ 耘 ⩧ 点 䒙 յ耘