“高质量红利”延续强势，资金连续12日“加仓”中证红利质量ETF（159209）

Core Viewpoint - The Zhongzheng Dividend Quality ETF (159209) has seen significant net inflows, exceeding 56 million CNY over the past 12 trading days, indicating strong investor interest and confidence in this fund [1]. Performance Summary - As of August 26, the Zhongzheng Dividend Quality Total Return Index has increased by over 11.29% year-to-date, outperforming the Zhongzheng Dividend Total Return Index and the Zhongzheng Low Volatility Dividend Total Return Index, which rose by 5.33% and 9.23% respectively [1][4]. Sector Contribution - The performance of the Zhongzheng Dividend Quality Index is driven by diverse sectors, with significant contributions from Media (20.4%), Pharmaceuticals (19.6%), and Machinery Equipment (15.5%) [4][5]. - In contrast, the banking sector has been a major contributor to the performance of other dividend indices, accounting for 73.8% of the gains in the Low Volatility Dividend Index and 50.3% in the Dividend Index [5]. Industry Weighting - The Zhongzheng Dividend Quality Index maintains a balanced sector weight, with no single industry exceeding 20%. The top three sectors are Food & Beverage, Non-ferrous Metals, and Automotive, which contrasts with the high concentration of banking stocks in other indices [5][7]. Financial Metrics - The average Return on Equity (ROE) for the Zhongzheng Dividend Quality Index was 4.13% at the end of Q1, significantly higher than the 2.36% and 2.40% ROE of the Zhongzheng Dividend Index and the Low Volatility Dividend Index respectively, indicating superior profitability among its constituent stocks [7]. Product Features - The management and custody fees for the Zhongzheng Dividend Quality ETF (159209) are only 0.20%, the lowest in the market. Additionally, the ETF employs a monthly dividend assessment mechanism, enhancing cash flow for investors and improving the overall holding experience [7].