红利国企ETF（510720）盘中飘红，昨日净流入超5000万元，关注上市以来连续分红19个月的红利国企ETF

Core Viewpoint - The Hongli State-Owned Enterprise ETF (510720) has shown positive performance with over 50 million yuan net inflow yesterday, highlighting its consistent dividend distribution for 19 consecutive months since its listing, making it a noteworthy investment option for those seeking stable returns [1] Group 1: ETF Performance and Characteristics - The Hongli State-Owned Enterprise ETF (510720) tracks the Shangguo Dividend Index (000151), which selects stocks with high dividend characteristics, stable dividend distribution, and good liquidity, primarily covering traditional sectors such as finance, energy, and industry [1] - The ETF has successfully distributed dividends every month since its listing, achieving a remarkable 19-month streak of consistent dividends, which is rare among ETFs in the market [1] Group 2: Market Context and Investment Strategy - Huaxin Securities indicates that during the balance sheet reduction cycle, the cost-effectiveness of stocks compared to bonds is limited, with a higher probability favoring value-oriented investment styles [1] - Dividend stocks are characterized by stable dividend distributions, and their current valuations are relatively low compared to historical levels, aligning with investment strategies that seek predictable returns [1] - The large-scale debt issuance has reduced local government financing costs and default risks, enhancing overall market expectations, while the central bank's policy to prevent fund idling further strengthens the allocation value of dividend assets [1]