资金关注红利资产，中证红利质量ETF（159209）连续11日获净申购超1亿元

Core Viewpoint - The preference for dividend assets has increased, with insurance holdings in stocks and securities reaching a record high of 5.6 trillion yuan as of Q3, marking a 1.9 percentage point increase in allocation to 14.9% [14] Group 1: Market Trends - The market risk appetite has significantly improved, and the funding situation has shown signs of recovery, supporting the dividend style investment [19] - The domestic long-term interest rates have fallen to historical lows and have entered a volatile phase, which is favorable for dividend strategies [19] Group 2: Investment Strategies - The focus for future stock selection will be on the stability of the numerator factors, with companies expected to enhance dividend payouts to improve dividend yields or maintain dividend levels, thereby releasing stable dividend expectations [19] - The CSI Dividend Quality ETF (159209) tracks a dividend quality index that includes 50 stocks with stable dividends, high dividend yields, and strong profitability, aiming to balance dividend income and growth [20] Group 3: Industry Distribution - The industry distribution of the CSI Dividend Quality Index is more balanced, with no single industry exceeding 20% representation, excluding bank stocks, and focusing on industries with stable operations and growth potential [11][12]