红利国企ETF（510720）涨超0.5%，近20日净流入近10亿元，低利率环境凸显配置价值

Group 1 - The core viewpoint of the report indicates that high dividend strategies remain sustainable, with institutional funds continuously increasing their positions in dividend assets, suggesting that dividend strategies will not be absent in the upcoming bull market [1] - The "anti-involution" policy is expected to alleviate the "increased revenue without increased profit" dilemma in certain industries, which will help align the profit growth rate of large-scale industrial enterprises with the growth rate of industrial added value [1] - High dividend assets are highlighted for their stable cash flow and dividend advantages, becoming more attractive in the context of a weak economic recovery, with sectors such as home appliances, banking, gas, publishing, cement, and telecommunications being noteworthy [1] Group 2 - The Dividend State-Owned Enterprise ETF (510720) tracks the State-Owned Dividend Index (000151), which selects high-dividend capable and stable dividend record enterprises from the market, covering industries like banking, coal, and transportation, focusing on traditional high dividend areas [1] - The index employs a strict examination of constituent stocks' dividend yields and sustainability, utilizing a cross-industry diversification strategy to effectively control investment risks and reflect the overall market performance of high dividend companies [1] - According to the fund announcement, the Dividend State-Owned Enterprise ETF has been able to assess dividends monthly, achieving continuous dividends for 20 months since its listing [1]