Each January, we pick the 10 highest-yielding blue chips from Hong Kong, the Dogs of the Hang Seng. Then we track them, just like a portfolio.

The first 6 months of 2025 are in the past. Time to look at our portfolio of the 2025 Dogs of the Hang Seng Q2 results

What are the Dogs of the Hang Seng?

1. on January 1 we look at the list of Blue Chips
2. take the top 10 that have the highest yield over the last year.
3. we buy worth of HK$ 10.000 of each stock, total HK$ 100.000
4. we wait and wait until December 31 and sell the complete portfolio
5. January 1, we take the list of Blue Chips.. repeat.

And now we take a look at where this portfolio is taking us. For good measure, we also look at HKG:3110 Global X Hang Seng High Dividend Yield ETF

Q2 Results: 2025 Dogs of the Hang Seng – The Good, The Other & Al things considered

The Good:

So far, our hypothetical Dogs of the Hang Seng portfolio has generated
HK$4,418 in dividends, delivering a 4% yield. On top of that, the total return (including dividends) is up
23%. A solid first half to the year for a portfolio almost as ridiculous as having chimps do your stock picking.

The Other:

When we compare the performance to the HKG:3110 High Dividend ETF, that ETF gained nearly
21% in total return. Not bad either—but the Dogs still came out ahead in Q2.
So yes, it’s close—but the Dogs barked louder this round.:

All things considered :

In the first six months of 2025, the Dogs of the Hang Seng quietly outperformed expectations.

This group of ten high-yield Hong Kong blue chips delivered a total return of 23%, including dividends. That’s slightly ahead of both the Hang Seng Index itself and the popular High Dividend ETF (HKG:3110), which each returned 21%.

So what does this mean in plain language? If you had simply picked the 10 highest-yielding blue chip stocks on January 1 and held onto them, you’d be ahead of most professional strategies, with a bigger yield and just a touch more upside. Not bad for a low-maintenance plan that takes five minutes to set up and zero hours to manage.

But we’re not at the end of 2025 yet. Experience tell me that mid-year dog results are mostly very optimistic.