Core Viewpoint - The article addresses common misconceptions about dividends, emphasizing that dividends are not a loss but a mechanism to maintain market fairness and provide long-term benefits to investors [1][2]. Group 1: Understanding Dividends - The concept of "ex-dividend" is explained as a necessary mechanism to prevent market manipulation, ensuring that total asset value remains unchanged post-dividend [1]. - The "filling effect" is highlighted, where good companies' stock prices tend to recover after a dividend payout, exemplified by the case of a bank with attractive dividend yields [2]. - The article stresses the importance of a long-term investment strategy, where dividends serve as a form of income for investors who hold onto their stocks [2]. Group 2: ETF Performance and Strategy - The Hong Kong Dividend Low Volatility ETF (520550) is presented as a strong investment option, with a monthly dividend distribution mechanism and a current dividend yield of 5.84% [3][5]. - The ETF has shown significant growth, with a year-to-date increase of 20.72% and a 363% rise in scale since February, indicating strong investor interest [5]. - The ETF's strategy includes focusing on sectors like finance and public utilities, which are known for stable and consistent dividends [3][5].