Core Viewpoint - Bank stocks experienced a collective surge in the afternoon, leading to a rebound in the dividend sector, indicating increased market interest in dividend assets [1] Group 1: Market Performance - As of 13:55, the CSI Dividend Low Volatility Index rose by 0.5%, after initially dropping over 1% in the morning [1] - In the past 10 trading days, the Dividend Low Volatility ETF (563020) saw a net inflow exceeding 200 million yuan, reflecting heightened investor attention towards dividend assets [1] Group 2: Industry Analysis - According to Guotai Junan Securities, the market is likely to maintain a volatile pattern in October due to uncertainty factors [1] - Since April 8, the performance gap between dividend and technology sectors has widened significantly, suggesting a potential shift in market style favoring dividends and low-priced blue-chip stocks [1] - These sectors are expected to act as a "ballast" during market corrections [1] Group 3: Fund Management - E Fund is currently the only fund company that implements low fee rates for all its dividend ETFs [1] - The management fee for E Fund's dividend ETFs, including Dividend ETF (515180), Dividend Low Volatility ETF (563020), Hang Seng Dividend Low Volatility ETF (159545), and Dividend Value ETF (563700), is set at 0.15% per year, facilitating low-cost investment in high-dividend assets [1]

Core Viewpoint - The A-share market experienced a significant decline on October 13, influenced by weekend news, with major indices dropping and the National Index of Free Cash Flow falling approximately 2% [1] Market Performance - All three major A-share indices opened lower, with the National Index of Free Cash Flow showing a downward trend after a low opening [1] - Leading stocks included silver non-ferrous metals, Rabbit Baby, and Shanghai Electric [1] ETF Insights - The largest free cash flow ETF (159201) followed the index adjustment, presenting a low-position layout opportunity [1] - The management fee for the free cash flow ETF and its linked funds is at a competitive rate of 0.15% for annual management fees and 0.05% for custody fees, which are among the lowest in the market [1] Market Outlook - Guotai Junan Securities suggests that a significant drop in the Chinese stock market could trigger a short-term rebound, but uncertainty may keep the market in a volatile state throughout October [1] - Since April 8, the gap in performance between dividend and technology sectors has widened, indicating a potential market style shift favoring dividends and low-position blue chips, which may act as a stabilizing force during market corrections [1] Investment Strategy - Free cash flow is fundamental for dividend distribution, focusing more on a company's internal growth capabilities, while dividend strategies emphasize the results of dividend distribution [1] - Free cash flow strategies may serve as a foundational tool to balance growth stock investments [1]