In the current market environment, the dumbbell balance slightly favors dividend assets. Investors can use the S&P Dividend ETF to easily position themselves.

On April 28th, as of midday, the S&P Dividend ETF fell by 0.19%, with a trading volume of 452.77 million yuan. The component stocks showed mixed movements, with Shanghai Bank leading the gains and Huawang Technology leading the declines. Hu An Securities stated that looking ahead, overseas disturbances have not yet materialized in terms of economic fundamentals, and corresponding reserve hedging measures are also being observed for the right timing. The market is expected to continue to fluctuate in May. In terms of investment strategy, there is still a lack of clear main trend in the market, especially considering the current market position not being low, it is important to pay more attention to events or policies that could provide support. In terms of direction, the consumer sector has undergone a comprehensive rotation, the cyclical sector remains relatively weak, and the growth technology sector may see catalytic events after a deep retracement, while the financial sector has stable configurations with certain value. Therefore, it is recommended for investors to adopt a "dumbbell" configuration strategy in May, allocating towards growth technology on one end and stable dividend assets on the other end, with a slight bias towards dividend assets in the current market environment.