• 盈利稳：银行、公用事业、电信运营商这类龙头，就算经济波动也能赚钱； • 分红稳：国央企市值管理新政鼓励分红，分红手续费还降了，政策托底明显。 上海的陈先生去年买了某电信央企股票，除了每年 5.3% 的分红，股价还涨了 12%，算下来年化收益 17%。他说："比存款赚得多，风险比炒股小，适合不 想操心的普通人。" 公募 REITs 也是好选择。保障房类 REITs 股息率普遍 3%-4%，底层是收租金的实物资产，相当于 "买了个能收租的门面"，比存款灵活，收益还更高。 10 年期国债收益率跌到 1.6%，国有大行 3 年定存利率破 2%，货币基金收益连创新低。 数据很扎心：居民存款单月新增 1.8 万亿元，大家都在把钱往银行搬。但另一面，北向资金单周净流入 230 亿元，社保基金悄悄加仓两类资产 —— 高股息 股票和长久期成长标的。 不是存钱错了，是只存钱会亏。低利率时代，钱躺在银行里，每年实际购买力都在缩水。聪明钱早就看懂：与其赚 1.5% 的利息，不如布局能穿越周期的核 心资产。 1. 高股息资产：5%+ 收益的 "类存款" 替代品 利率越低，稳定分红越香。中证红利指数现在股息率 5.16%，比 3 年 ...

Group 1 - The article emphasizes the advantages of investing in ETFs as a simpler strategy compared to individual stock picking, highlighting the common struggles of retail investors such as difficulty in stock selection, unstable mindset, and lack of time [1][2] - ETFs provide risk diversification through a basket of stocks, reducing the impact of individual company failures, as exemplified by the CSI 300 ETF covering 300 leading companies [1][2] - The article points out the cost-effectiveness of ETFs, with management fees typically below 0.5%, compared to actively managed funds which average around 1.5% [1][2] Group 2 - The article discusses the compounding effect of ETFs, illustrating that a monthly investment of 1,000 yuan at an annual return of 8% can grow to approximately 1.45 million yuan over 30 years [2] - Historical data shows that the CSI 300 index has achieved an annualized return of 8.2% over the past 15 years, even during market downturns [2] - The CSI 300 ETF includes major companies across various sectors, with the top ten holdings accounting for less than 30% of the index, minimizing the impact of any single company's volatility [2] Group 3 - The Nasdaq 100 ETF focuses on 100 non-financial tech giants in the US, achieving an annualized return of 12% over the past 20 years despite market fluctuations [3] - The low correlation between the Nasdaq 100 and A-shares provides a risk diversification benefit, as evidenced by the Nasdaq's recovery in 2023 after a downturn in 2022 [3] Group 4 - The article mentions that investing in ETFs may involve currency risk, but this has a minimal long-term impact on compounding [4] - It suggests that the allocation to such ETFs should not exceed 30%, positioning them as an aggressive part of an investment portfolio [5] Group 5 - Dividend-focused ETFs are characterized by stable businesses and strong cash flows, providing consistent dividends even during market downturns [6] - The article highlights the valuation advantage of dividend assets, with the CSI Dividend Index trading at a price-to-book ratio of approximately 0.8, compared to 1.3 for the CSI 300 [6] - Reinvesting dividends can significantly enhance compounding, with a 10-year cumulative return potentially exceeding cash dividends by 62% [6] Group 6 - The article recommends a "core-satellite" strategy for asset allocation: 50% in CSI 300 ETF, 30% in Nasdaq 100 ETF, and 20% in CSI Dividend ETF, balancing growth and defensive positions while diversifying geographic risks [6] - It advises against emotional trading behaviors, such as chasing high-performing ETFs during market surges or panic selling during downturns [6] Group 7 - Dollar-cost averaging is presented as a practical method to mitigate volatility, with historical backtesting indicating that investing in the CSI 300 ETF for over 10 years can yield an annualized return close to 8% [7] - The article suggests using a grid strategy for idle funds, adjusting positions based on market fluctuations [7] - Caution is advised during high valuation phases, and investors should avoid illiquid ETFs with low trading volumes [7]

Group 1 - The market is currently in a period of fluctuation and consolidation, with dividend assets attracting attention from some funds as the double holiday approaches [1] - The CSI Dividend ETF (515080) has seen a net inflow of over 430 million yuan over the past nine days, indicating strong investor interest [1] - The CSI Dividend Index has a current dividend yield of 4.68%, significantly higher than the 1.876% yield of ten-year government bonds, suggesting a favorable investment opportunity [1] Group 2 - According to Dongfang Securities, the index is expected to experience short-term fluctuations but maintains a medium-term upward trend, with a focus on high-end manufacturing and low-cycle dividend stocks [2] - The macroeconomic environment is currently at a low point for PPI, with expectations of recovery in PPI and industry profitability, indicating potential investment opportunities [2] - Companies with cleared supply and profit elasticity in industries undergoing policy changes may present attractive dividend opportunities [2]

| 中加多国制度工程的 | | | | 515080 | | --- | --- | --- | --- | --- | | 186 | | | +0.008 +0.51% | | | SSE CNY | 9:38:09 交易中 | | 通融公口+ | | | 净值走势 | | | 招商中证红利ETF | | | T-1日单位申赎资产 | | | 1574571.53元 | | | 近5日净流入 | | | 单位(万元) | | | | | | 5827 | | | | 3949 | | | | | 1897 | | | 1742 | | | -3173 | | | | | | 9-9 | 9-10 | 9-11 | 9-12 | 9-15 | | 天数 | | 净流天 | 净流额 | 净流率 | | 5 | | 4 | 10242 | 1.41% | | 10 | | 6 | 3317 | 0.45% | | 20 | | 13 | 30507 | 4.31% | 由于"新国九条"与类"四万亿"等政策的重叠推动，上证指数在创新高后并没有危险信号出现，反而可能 在窄幅震荡中向着新一轮新高蓄势。在市场还没有选择 ...

与此同时，根据招商基金数据，截至9月12日，中证红利全收益指数相对万得全A指数40日收益差 为-12.25%，处于年内低位水平。招商基金表示，中证红利当前跑输Wind全A比较多，或可更多关注阶 段性布局机会。 对于当下高股息配置价值，长江证券最新分析表示，近三年保险公司持有股票与基金的规模占比在 12%~13%区间波动，这一数值仍有较大上升空间，此政策下保险或将每年至少为A股新增几千亿的长期 资金。波动率较低且分红较高的红利资产或迎来更多的增量资金流入。同时，随着近期市场降准降息预 期逐渐增强，无风险利率或持续下行，进一步加持了红利资产的投资价值。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 9月16日，招商基金旗下中证红利ETF（515080）将迎来三季度分红权益登记。根据此前分红公告，本 季度该ETF每十份分红0.15元，分红比例0.95%。据了解，目前中证红利ETF采取季度评估分红的分红节 奏。 根据公告，这是中证红利ETF上市以来第14次分红，每十份累计分红金额3.65元。据招商基金，过去五 年（2020年-2024年），中证红利ETF年度分红比 ...

日前，备受瞩目的中证红利ETF(515080)今年三季度分红正在进行时。公告显示，该ETF本次每10份基 金份额派发现金红利0.15元，权益登记日为9月16日，除息日为9月17日，现金红利将于9月22日发放。 意味着，今日收市前买入或持有均可获得分红款。 | 收益分配基准日 | 2025-09-02 | | --- | --- | | 分红方案进度 | 实施 | | 单位分红(元) | 0.0150 | | 墓准日单位净值(元) | 1.5822 | | 分红比例(%) | 0.95 | | 权益登记日 | 2025-09-16 | | 除自日 | 2025-09-17 | | 除息日(场外) | - | | 派息日 | 2025-09-22 | | 派息日(场外) | - | | 基准份额(份) | - | | 分红实施公告日 | 2025-09-12 | | 分红公告原文 | 10 | | 期末可供分配利润(元) | 2.409.914.315.26 | 分析指出，在无风险利率持续下行的环境中，红利资产的吸引力进一步凸显。中证红利ETF（515080） 以极低的费率、定期分红的设计，为投资者提供了持续收息 ...

Group 1 - The core viewpoint of the news is that the China Securities Dividend ETF (515080) has announced its third dividend distribution for the year, with a dividend ratio of 0.95% and a record date of September 16 [1][2] - The ETF has a history of consistent dividend payments, having distributed dividends 14 times since its inception, with a cumulative dividend amount of 3.65 yuan per ten shares [2] - The annual dividend ratios from 2020 to 2024 are reported as 4.53%, 4.14%, 4.19%, 4.78%, and 4.66% respectively, indicating a stable dividend policy [2] Group 2 - As of September 11, the latest dividend yield of the China Securities Dividend Index is 4.83%, which shows a significant advantage over the 1.87% yield of ten-year government bonds [2] - The difference in returns between the China Securities Dividend Index and the Wind All A Index over 40 days has widened to -11.93%, suggesting an increasing short-term value in dividend assets [3] - The China Securities Dividend ETF has attracted over 58 million yuan in inflows over the past two days, indicating strong investor interest [3] Group 3 - Looking ahead, the market is expected to continue a volatile upward trend, with a focus on changes in market volume [5] - There is potential for investment in undervalued dividend assets, particularly in the service consumption sector and technology industries benefiting from domestic advancements [6]

证券之星消息，8月20日，中证红利ETF（515080）融资买入1491.03万元，融资偿还1050.86万元，融资 净买入440.17万元，融资余额7027.83万元，近3个交易日已连续净买入累计1450.31万元，近20个交易日 中有12个交易日出现融资净买入。 | 交易日 | 融资净买入(元) | | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | --- | | 2025-08-20 | | 440.17万 | 7027.83万 | | | 2025-08-19 | | 434.71万 | 6587.66万 | | | 2025-08-18 | | 575.43万 | 6152.94万 | | | 2025-08-15 | | -101.51万 | 5577.51万 | | | 2025-08-14 | | 156.72万 | 5679.03万 | | 小知识 融资融券：融资就是证券公司借钱给投资者买股票，到期将本金和利息一同还了就行，融券可以理解成 是投资者借股票来卖的意思，到期把股票还回来并支付利息。一般来说，投资者会出于看好股价而融资 买入股票，看空股价 ...

Core Insights - The "Dividend Duo" ETFs, namely the CSI Dividend ETF (515080) and the CSI Dividend Quality ETF (159209), have seen continuous capital inflows, with 6 and 8 days of increased positions respectively as of August 20 [1] - The sustained inflow of funds into these ETFs is attributed to the rising market, where profit-taking funds are seeking refuge in defensive sectors, and the low interest rate environment enhances the appeal of high dividend strategies [1] - The CSI Dividend Index focuses on high dividend-paying companies primarily in the financial and cyclical sectors, which hold value during periods of declining interest rates, but caution is advised regarding potential "dividend traps" during economic downturns [1] - The CSI Dividend Quality Index incorporates factors like ROE and earnings stability, emphasizing consumer and manufacturing sectors, which drive long-term excess returns but come with higher valuation premiums [1] - Professionals suggest a strategic allocation of 60% in the CSI Dividend ETF, 30% in the CSI Dividend Quality ETF, and retaining 10% in defensive positions to manage extreme market volatility [1] - Both ETFs are designed with low fees and regular dividend assessments to better meet investors' cash flow needs and enhance the holding experience [1]

Core Insights - The three major dividend strategy ETFs performed well, with the China Securities Dividend ETF (515080) leading with a 0.70% increase, followed by the Hong Kong Dividend Low Volatility ETF (520550) at 0.66%, and the China Securities Dividend Quality ETF (159209) at 0.57% [1][2] ETF Performance Summary - The China Securities Dividend ETF (515080) has a 5% dividend yield, focusing on undervalued sectors like banking and coal, highlighting its defensive value [2] - The Hong Kong Dividend Low Volatility ETF (520550) offers a 6% high dividend yield, with over 60% weight in financial and real estate sectors, showcasing significant low volatility characteristics [2] - The China Securities Dividend Quality ETF (159209) selects high-quality consumer and pharmaceutical companies based on ROE and other quality factors, balancing dividends and growth [2] Investment Strategy Recommendations - Experts suggest a "core + satellite" strategy, using the China Securities Dividend ETF as a base and combining it with the other two products to diversify risk and enhance returns [3] - All three products feature low fees and a monthly dividend mechanism, facilitating long-term holding [3]