Core Viewpoint - Two ETFs under China Merchants Fund announced their September dividend distributions, with the China Securities Dividend Quality ETF (159209) declaring a dividend ratio of 0.27% and the Hong Kong Dividend Low Volatility ETF (520550) declaring a dividend ratio of 0.34% [1][2][3] Group 1: Dividend Details - China Securities Dividend Quality ETF (159209) will distribute a unit dividend of 0.0030 yuan, with a benchmark unit net value of 1.1301 yuan, resulting in a dividend ratio of 0.2655% [2] - Hong Kong Dividend Low Volatility ETF (520550) will distribute a unit dividend of 0.0040 yuan, with a benchmark unit net value of 1.1865 yuan, resulting in a dividend ratio of 0.3371% [3] - Both ETFs have a record date of September 12, 2025, with ex-dividend dates on September 15, 2025, and payment dates on September 17 and 18, 2025, respectively [2][3] Group 2: ETF Characteristics - China Securities Dividend Quality ETF focuses on a "dividend + quality" strategy, selecting high-quality fundamentals in sectors like consumer and pharmaceuticals, excluding bank stocks, making it a rare asset in the current market [3] - Hong Kong Dividend Low Volatility ETF tracks the Hang Seng High Dividend Low Volatility Index, employing a "high dividend + low volatility" dual-factor selection, primarily investing in defensive sectors like finance and utilities, with a current dividend yield exceeding 6% [3] - Both ETFs offer a low-cost, relatively stable dividend investment option with a comprehensive fee rate of 20 basis points [4] Group 3: Market Context - The market has entered a phase of volatility since September, with increased risk aversion leading some funds to shift towards dividend assets in A-shares and Hong Kong stocks [5] - The China Securities Dividend Quality ETF has seen a net inflow of 27.64 million yuan in the past two days [5] - Analysts suggest that the A-share market will experience wide fluctuations in September, with dividend sectors being a stabilizing force amid market adjustments [5]