Group 1 - The recent Central Political Bureau meeting has set a clear direction for economic work in the second half of the year, emphasizing the importance of enhancing the attractiveness and inclusiveness of the domestic capital market [1] - The new emphasis on "enhancing attractiveness" marks a significant elevation of the capital market's importance, which is expected to boost market sentiment and alleviate concerns regarding domestic and external demand declines [1] - China International Capital Corporation (CICC) believes that the meeting's positive signals will support a continued upward trend in the domestic equity market, while the bond market remains favorable due to expected loose monetary policy [1] Group 2 - The Huian Quality Selected Incremental Bond Fund is gaining attention as it allows for a minimum stock allocation of 5%, compared to traditional secondary bond funds which typically have a stock allocation of 0-20% [2] - The new fund has a 6-month construction period, allowing for flexible adjustments to the investment portfolio based on market conditions, which can help in accumulating quality assets [2] - The performance benchmark for the fund is based on a combination of high-quality credit bonds from central enterprises and dividend quality indices, emphasizing profitability and growth potential [2]

Core Insights - The article highlights the strong performance of dividend assets in the current market, with key ETFs showing positive gains amidst increased market volatility [1] - It emphasizes the unique advantages of three major dividend indices in the context of economic cycles and policy support for dividends and quality earnings [2] Group 1: Performance of Dividend ETFs - The "Redemption Trio" ETFs, including the CSI Dividend ETF (515080), Hong Kong Dividend Low Volatility ETF (520550), and CSI Dividend Quality ETF (159209), have recorded gains of 0.46%, 0.64%, and 0.90% respectively as of 14:23 on May 20 [1] - The CSI Dividend Quality Index employs a "dividend + quality" dual-factor strategy, selecting 50 stocks with stable dividends and high profitability, outperforming mainstream broad-based indices over the long term [1] Group 2: Characteristics of Dividend Indices - The Hang Seng High Dividend Low Volatility Index focuses on Hong Kong stocks with high dividend yields and low volatility, benefiting from state-owned enterprise market value management policies, which enhance dividend sustainability [1] - The CSI Dividend Index includes 100 high-dividend, stable dividend stocks in A-shares, maintaining a long-term dividend yield above 5%, significantly higher than the ten-year government bond yield, making it attractive in a low-interest-rate environment [1]