9月市场进入震荡调整窗口期，300红利低波ETF(515300)连续5天净流入

Core Viewpoint - The market is currently experiencing short-term fluctuations, but the medium-term upward trend is likely to remain intact, with low-cycle dividend stocks showing potential for sustained attention due to their profitability elasticity and supply clearing in the context of policy changes against "involution" [3][4]. Group 1: Market Performance - As of September 24, 2025, the CSI 300 Dividend Low Volatility Index decreased by 0.16%, with mixed performance among constituent stocks [1]. - The CSI 300 Dividend Low Volatility ETF (515300) has seen a cumulative increase of 12.49% over the past year as of September 23, 2025 [1]. Group 2: Liquidity and Fund Flows - The CSI 300 Dividend Low Volatility ETF recorded an intraday turnover of 2.06%, with a transaction volume of 94.14 million yuan [3]. - Over the past five days, the ETF has experienced continuous net inflows, with a maximum single-day net inflow of 31.97 million yuan, totaling 86.62 million yuan [3]. Group 3: Fund Performance and Returns - The latest scale of the CSI 300 Dividend Low Volatility ETF reached 4.57 billion yuan, with a five-year net value increase of 54.34%, ranking in the top 9.90% among index equity funds [3]. - Since its inception, the ETF has achieved a maximum monthly return of 13.89%, with the longest consecutive monthly increase lasting five months and an average monthly return of 3.57% [3]. Group 4: Sector Insights - High dividend sectors are becoming a primary safe haven for short-term funds, benefiting from the reinforced policy direction against "involution" [4]. - The top ten weighted stocks in the CSI 300 Dividend Low Volatility Index account for 35.14% of the index, including major companies like China Shenhua, Gree Electric, and Sinopec [4][6].