今日，"红利+"指数低位震荡，小幅回调。截至收盘，国证自由现金流指数下跌0.2%，中证红利指数下跌0.3%，国证价值100指数下跌0.7%，资金逆势布 局，自由现金流ETF易方达（159222）全天净申购达2600万份。Wind数据显示，该ETF此前连续4个交易日获资金净流入，合计7300万元。 国证价值100指数采用"高分红+高自由现金流+低市盈率"三维筛选体系，优选价值标的，历史表现稳健；国证自由现金流指数则采用自由现金流率进行选 样，兼具高股息与成长性。价值ETF易方达（159263）和自由现金流ETF易方达（159222）分别跟踪以上指数，可助力投资者把握相关风格投资机遇。 自由现金流ETF易方达 低费率 跟踪国证自由现金流指数 该指数由A股自由现金流水平较高 的100只股票组成,工业、原材料、 可选消费的占比合计超70%,兼具 高股息与成长性 ▽日 该指数涨跌 0_ 2% 指数历史表现 | 指数名称 | 2013 | | | 2014 2015 2016 2017 2018 20 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | ...

今日早盘，"红利+"指数窄幅震荡。截至午间收盘，国证自由现金流指数上涨0.4%，国证价值100指数上涨0.3%，中证红利指数下跌0.03%，相关产品获资金 加仓，价值ETF（159263）半日净申购近1000万份。 国证价值100指数采用"高分红+高自由现金流+低市盈率"三维筛选体系，优选价值标的，历史表现稳健。价值ETF（159263）跟踪该指数，可助力投资者把 握价值风格投资机遇。 自由现金流ETF易方达 低费率 跟踪国证自由现金流指数 该指数由A股自由现金流水平较高 的100只股票组成,工业、原材料、 可选消费的占比合计超70%,兼具 高股息与成长性 指数历史表现 | 指数名称 | | | | 2013 2014 2015 2016 2017 2018 20 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 中证红利指数 | -7% | 58% | 30% | -4% | 21% | -16% | 21 | | 国证价值100指数 | 2% | 64% | 16% | 6% | 46% | -16% | 30 | | 国证自由现金流指 ...

本报讯 （记者刘欢）近日，中证指数有限公司发布公告将调整系列指数样本，甘肃上峰水泥股份有限 公司（以下简称"上峰水泥"，股票代码：000672）被纳入中证红利指数调入名单，本次调整将于12月12 日收市后正式生效。 中证红利指数选取100只现金股息率高、分红较为稳定，并具有一定规模及流动性的上市公司证券作为 指数样本，以反映高股息率上市公司证券的整体表现。中证红利指数的定期调整旨在"优胜劣汰"，通过 剔除股息率低、盈利质量差的股票，纳入股息率高、基本面稳健的股票，以期提升整个指数的股息率和 投资价值。 从公开信息来看，上峰水泥被调入，主要基于其相对突出的高股息和较好的盈利质量。作为被调入的20 只股票之一，其股息率在调入样本中具有竞争力，本次拟调入样本的平均净资产收益率（ROE）达到 12.93%，显著高于调出样本的5.33%，表明其分红的可持续性更强。因此，上峰水泥的调入反映了其当 前在高股息资产中的相对吸引力。 （编辑 郭之宸） ...

Core Viewpoint - The article discusses the performance and characteristics of the China Securities Dividend Value Index, which tracks 50 high dividend yield and value-oriented stocks, primarily in the banking, coal, and transportation sectors, accounting for approximately 80% of the index [3][4]. Summary by Relevant Sections Index Composition and Performance - The China Securities Dividend Value Index consists of 50 stocks with high dividend yields and notable value characteristics, reflecting the overall performance of high dividend and value stocks [3]. - As of the midday close on August 19, 2025, the index showed a performance change of 72.0% [4]. - The rolling price-to-earnings (P/E) ratio of the index is reported at 7.6 times [4]. Historical Context and Adjustments - The index has been in existence since 2014, with its valuation percentile indicating historical performance relative to current valuations [4]. - The index was adjusted from a market capitalization-weighted to a stock rate-weighted methodology on December 16, 2013 [4]. Dividend Yield Calculation - The dividend yield is calculated as the total cash dividends (pre-tax) over the stock market value, with the index considering the average cash dividend yield over the past three years [5]. - The actual dividend yield received by fund holders may be lower than the reported values due to applicable tax rates, which vary between markets [5]. Fund Management and Fees - The fund associated with the index has a low management fee of 0.15% per year and a custody fee of 0.05% per year [5].

Group 1 - The Hang Seng High Dividend Low Volatility Index rose by 0.7%, aiming for a "four consecutive days" increase [1] - The CSI Dividend Low Volatility Index increased by 0.2%, while the CSI Dividend Index and CSI Dividend Value Index fell by 0.02% and 0.04% respectively [1] - The trading volume of the Hang Seng Dividend Low Volatility ETF (159545) reached nearly 80 million yuan, with its total scale reaching a historical high of 4.05 billion yuan as of yesterday [1]

Group 1 - The core indices such as the China Securities Dividend Value Index and the China Securities Dividend Low Volatility Index have shown slight increases of 0.2% and 0.1% respectively, while the Hang Seng High Dividend Low Volatility Index has decreased by 0.8% [1] - The Hang Seng Dividend Low Volatility ETF (159545) experienced a net inflow of 1.5 billion yuan in July, reaching a total size of nearly 4 billion yuan, marking a record high since its inception [1] Group 2 - The China Securities Dividend Index consists of 100 stocks with high cash dividend yields and stable dividends, primarily from the banking, coal, and transportation sectors, which together account for over 55% of the index [2] - The China Securities Dividend Low Volatility Index is composed of 50 stocks that exhibit good liquidity, continuous dividends, and moderate dividend payout ratios, with a significant representation from the banking, transportation, and construction sectors, accounting for nearly 70% [2] - The Hang Seng High Dividend Low Volatility Index includes 50 stocks within the Hong Kong Stock Connect that have good liquidity and low volatility, with financial, industrial, and energy sectors making up nearly 70% of the index [2] - The China Securities Dividend Value Index is made up of 50 stocks that exhibit high dividend levels and value characteristics, with banking, coal, and transportation sectors representing approximately 80% of the index [2]