本文源自：金融界 作者：ETF前线 据了解，中证红利质量ETF(159209)跟踪的中证全指红利质量指数选取 50 只分红稳定、股息率较高且盈 利持续性较好的上市公司证券作为指数样本，以反映具有较强分红和盈利能力特征的上市公司证券的整 体表现。区别于传统高股息，其当前持仓并不含有银行股。以"红利+质量"双因子筛选机制筛选出兼 具"低估值"+"高质量"双重护城河的优质企业。其核心理念与巴菲特"以合理价格投资卓越企业"的价值 投资逻辑高度契合。 产品设计层面，中证红利质量ETF(159209)费用模式采用"0.15%+0.05%"的全市场最低档 ，长期持有具 备明显的成本优势；分红模式采用月度评估分红机制，能更好地满足投资者的现金流需求，提升持有体 验。 风险提示：文中提及的指数成份股仅作展示，个股描述不作为任何形式的投资建议。任何在本文出现的 信息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，投资 人须对任何自主决定的投资行为负责。基金投资有风险，基金的过往业绩并不代表其未来表现，基金管 理人管理的其他基金的业绩并不构成基金业绩表现的保证，基金投资须谨慎。 沪指一路高歌猛进， ...

风险提示：文中提及的指数成份股仅作展示，个股描述不作为任何形式的投资建议。任何在本文出现的 信息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，投资 人须对任何自主决定的投资行为负责。基金投资有风险，基金的过往业绩并不代表其未来表现，基金管 理人管理的其他基金的业绩并不构成基金业绩表现的保证，基金投资须谨慎。 来源：金融界 据了解，中证红利质量ETF(159209)跟踪的中证全指红利质量指数选取 50 只分红稳定、股息率较高且盈 利持续性较好的上市公司证券作为指数样本，以反映具有较强分红和盈利能力特征的上市公司证券的整 体表现。区别于传统高股息，其当前持仓并不含有银行股。以"红利+质量"双因子筛选机制筛选出兼 具"低估值"+"高质量"双重护城河的优质企业。其核心理念与巴菲特"以合理价格投资卓越企业"的价值 投资逻辑高度契合。 产品设计层面，中证红利质量ETF(159209)费用模式采用"0.15%+0.05%"的全市场最低档 ，长期持有具 备明显的成本优势；分红模式采用月度评估分红机制，能更好地满足投资者的现金流需求，提升持有体 验。 海外降息预期大幅升温，A股周一高开。数据 ...

8月21日，市场温和上涨，截至13时53分，"不含银行的"中证红利质量ETF(159209)放量涨0.91%，盘中 冲击二连升；盘中创年内第29次新高；资金热度不减，据Wind Level2实时行情结合均价预估，盘中净 流入超1100万，截至发稿，该基金获资金连续9日净流入。 来源：金融界 | 证组 制质量 F | | | 159209 | | --- | --- | --- | --- | | 19 | | | +0.008 +0.73% | | SZSE CNY 14:05:09 交易中 | | | 1 8 + | | 新北迴流 | | 招商中证全指红利质量ETF | | | 交车 0.00% 120日 | | | 0.00% | | 5日 3.55% 250H | | | 0.00% | | 20日 5.21% 52周同 | | | 1.10 | | 60日 11.43% 52周低 | | | 0.90 | | 实时申购随回信息 申购 | | | 陸回 | | 笔数 11 | | | 1 | | 全额 | | 0 | 0 | | 1100万 份额 | | | 100万 | | 申哼清单 | | | | ...

两市持续高歌猛进，中证红利质量ETF(159209)8月20日领涨两市红利类ETF，福耀玻璃、吉比特10CM 涨停封板。值得注意的是，中证红利质量ETF(159209)获资金连续8日净流入，累计约2000万，显示了资 金对高质量红利指数的青睐。 风险提示：文中提及的指数成份股仅作展示，个股描述不作为任何形式的投资建议。任何在本文出现的 信息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，投资 人须对任何自主决定的投资行为负责。基金投资有风险，基金的过往业绩并不代表其未来表现，基金管 理人管理的其他基金的业绩并不构成基金业绩表现的保证，基金投资须谨慎。 来源:金融界 消息面，整车"卷"价格、行业去库存的2025年，全球汽车玻璃龙头企业福耀玻璃仍然给出了一份超预期 的财报。8月19日晚间披露的报告显示，福耀玻璃2025年上半年实现营业收入214.47亿元，同比增长 16.94%；归属于上市公司股东的净利润为48.05亿元，同比增长37.33%。与此同时，截至8月19日，在已 经披露财报的41家A股汽车零部件企业中，福耀玻璃半年归母利润总额仅次于长城汽车，增速则远高于 目前已披露半 ...

8月11日，两市高歌猛进。截至14时10分，中证红利质量ETF(159209)涨0.19%，盘中创年内第22次新 高；贵州茅台一度涨超2%。交投持续升温，盘中再迎净流入。 分析指出，高质量红利或是未来方向，中证红利质量指数融合"高股息"与"高质量"双维筛选机制，有效 破解传统红利策略的痛点，为投资者提供了兼顾收益弹性和风险控制的优质工具。产品设计层面，中证 红利质量ETF(159209)费用模式采用"0.15%+0.05%"的全市场最低档 ，长期持有具备明显的成本优势； 分红模式采用月度评估分红机制，能更好地满足投资者的现金流需求，提升持有体验。 来源：金融界 风险提示：文中提及的指数成份股仅作展示，个股描述不作为任何形式的投资建议。任何在本文出现的 信息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，投资 人须对任何自主决定的投资行为负责。基金投资有风险，基金的过往业绩并不代表其未来表现，基金管 理人管理的其他基金的业绩并不构成基金业绩表现的保证，基金投资须谨慎。 ...

Core Viewpoint - The market is currently experiencing a divergence between Shanghai and Shenzhen, with dividend assets under pressure. The China Securities Dividend Quality ETF (159209) has seen a significant inflow of funds, indicating investor interest in flexible investment tools during periods of rising risk appetite [1]. Group 1: Market Performance - As of 9:53 AM, the China Securities Dividend Quality ETF (159209) dropped by 0.85%, with an estimated net inflow of approximately 5 million CNY during the trading session [1]. - Over the past 10 days, the fund has recorded a net inflow for 9 days, reaching a new high in terms of shares [1]. Group 2: Investment Strategy - The China Securities Dividend Quality Index combines "high dividend" and "high quality" factors, effectively capturing investment opportunities. It focuses on companies with stable dividends, strong profitability, sound financial health, and growth potential [1]. - In a positive market environment, such stocks tend to attract concentrated investment due to their solid fundamentals and growth potential, often demonstrating greater price elasticity and upside compared to a purely high-dividend strategy [1]. Group 3: Product Features - The China Securities Dividend Quality ETF (159209) features a cost structure of "0.15% + 0.05%", which is the lowest in the market, providing a clear cost advantage for long-term holders [1]. - The fund employs a monthly assessment dividend mechanism, which better meets investors' cash flow needs and enhances the holding experience [1].

Core Insights - The article highlights the rise of undervalued sectors, particularly focusing on the performance of the China Securities Dividend Quality ETF (159209), which increased by 0.76% and peaked at 1.05% during the trading session [1] - Analysts suggest that as market risk appetite increases, investors are seeking more resilient investment tools, with the China Securities Dividend Quality Index combining "high dividend" and "high quality" factors to capture opportunities effectively [1] Group 1 - The China Securities Dividend Quality Index targets stable dividend-paying companies while selecting firms with strong profitability, financial stability, and growth potential [1] - In a positive market environment, such stocks tend to attract concentrated capital allocation due to their solid fundamentals and growth prospects, often demonstrating greater price elasticity and upside potential compared to a purely high-dividend strategy [1] - The index provides a balanced investment option during periods of rising risk appetite, catering to both offensive and defensive strategies [1] Group 2 - The product design of the China Securities Dividend Quality ETF (159209) features a cost structure of "0.15% + 0.05%", which is the lowest in the market, offering significant cost advantages for long-term holders [1] - The ETF employs a monthly assessment dividend mechanism, which better meets investors' cash flow needs and enhances the holding experience [1]

Core Viewpoint - The article discusses the performance and characteristics of the China Securities Dividend Quality ETF (159209), highlighting its recent net inflows and alignment with value investment principles [1]. Group 1: ETF Performance - As of July 25, the Shanghai Composite Index was consolidating around 3600 points, with the China Securities Dividend Quality ETF (159209) experiencing a slight decline of 0.19% [1]. - The ETF has seen continuous net inflows for 8 consecutive days, indicating sustained investor interest [1]. Group 2: ETF Characteristics - The ETF tracks the CSI All Share Dividend Quality Index, which selects 50 companies known for stable dividends, high dividend yields, and consistent profitability [1]. - The ETF employs a "dividend + quality" dual-factor screening mechanism, focusing on companies with both "low valuation" and "high quality" characteristics, aligning with Warren Buffett's investment philosophy [1]. Group 3: Product Design - The fee structure of the ETF is set at a competitive "0.15% + 0.05%", which is the lowest in the market, providing a cost advantage for long-term holders [1]. - The dividend distribution model is based on a monthly assessment, catering to investors' cash flow needs and enhancing the holding experience [1].

Core Viewpoint - The recent performance of the market indicates a strong interest in dividend assets, with specific ETFs showing positive returns and consistent dividend distributions [1]. Group 1: ETF Performance - The CSI Dividend Quality ETF (159209) increased by 0.59% as of 11:12 AM on July 11, with net inflows observed during the trading session [1]. - The CSI Dividend Quality ETF announced its first dividend distribution of the year, with a payout of 0.003 yuan per share, resulting in a monthly dividend yield of 0.30%, with the record date set for July 14 [1]. - The Hong Kong Dividend Low Volatility ETF (520550) also declared its third dividend distribution of the year, with a payout of 0.004 yuan per share and a monthly dividend yield of 0.35% [1]. Group 2: Market Analysis - Recent data shows that dividend assets have attracted significant capital, driven by a decline in risk-free interest rates, making equity assets more attractive in terms of investment value [1]. - The current equity risk premium (ERP) for A-shares is at a historical high, highlighting the long-term allocation value of dividend assets [1]. - A combination of CSI Dividend and Hong Kong dividend assets can facilitate cross-asset allocation, potentially reducing portfolio volatility over the long term [1]. Group 3: Investment Characteristics - As "dividend-type" assets, ETFs offer low fees and stable, frequent dividend distributions, enhancing the holding experience for long-term investors [1].

Core Viewpoint - The article highlights the performance and advantages of three dividend-focused ETFs in the context of increasing market volatility, emphasizing their suitability for current investment strategies aimed at risk aversion and policy alignment [1][2]. Group 1: ETF Performance - The Shanghai Composite Index opened up 0.07% on June 10, surpassing the 3400-point mark, with the three dividend ETFs showing respective gains of 0.72%, 0.46%, and 0.10% [1]. - The three ETFs mentioned are the Hong Kong Dividend Low Volatility ETF (520550), the CSI Dividend ETF (515080), and the CSI Dividend Quality ETF (159209) [1]. Group 2: Investment Strategies - The CSI Dividend Quality Index employs a "dividend + quality" dual-factor strategy, selecting 50 stocks with stable dividends and high profitability, which provides a balance of high dividend defensive attributes and stable ROE, outperforming mainstream broad-based indices over the long term [1]. - 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 that enhance dividend sustainability [1]. - The CSI Dividend Index covers 100 high-dividend, stable dividend stocks in the A-share market, 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]. Group 3: Market Conditions - The article notes that the current market environment, characterized by increased volatility, necessitates investment strategies that align with risk aversion and policy guidance, which the three ETFs effectively address through quality enhancement, low volatility defense, and pure dividend strategies [2].