New Year market, crossing dividends?
The stock prices of ICBC, CCB, ABC, and Bank of China have reached historical highs, attracting funds to favor stable dividend assets. Meanwhile, small-cap stocks are facing adjustments, with the Wind Micro Index down 7%. Overseas ETFs have issued multiple announcements regarding premium risk warnings, with over 40 premium risk warnings for cross-border ETFs in the market. The reasons behind the recent strength of dividends are worth noting
ICBC, CCB, ABC, and Bank of China stocks have all reached historical highs.
In fact, it's not just banks; assets that can provide stable dividends, such as petrochemicals and public utilities, have once again attracted capital.
At the same time, small-cap stocks are facing adjustments, with the Wind Micro Index down 7%.
Overseas ETFs are once again trading at a premium. Last week, multiple cross-border ETFs issued announcements regarding premium risk warnings. In just one week, there were over 40 announcements of premium risk warnings across the entire market for cross-border ETFs, with some funds frequently issuing related announcements.
What a familiar feeling! During last year's Spring Festival, there was a liquidity crisis in small-cap stocks; doesn't it feel the same?
So, what factors have led to the recent strengthening of dividends?