据证券日报，红利主题基金凭借其稳健的现金流回报与防御属性，正成为资金避险配置的核心标的之 一。近日，多只红利主题ETF份额屡创新高，基金发行端亦现多例"提前结募"产品，叠加部分产品分红 规则优化，红利资产的配置价值进一步凸显。 Wind资讯数据显示，6月17日，易方达中证红利低波动ETF、南方标普中国A股大盘红利低波50ETF、博 时中证红利低波100ETF等多个红利主题指数基金份额创下历史新高。具体来看，截至6月17日，易方达 中证红利低波动ETF份额达15.76亿份，较年初增长85%；南方标普中国A股大盘红利低波50ETF份额攀 升至65.64亿份，较年初增幅75%；博时中证红利低波100ETF份额突破9.45亿份，年内增长74%。 整体来看，今年以来，红利主题基金规模扩张迅速。Wind资讯数据显示，截至6月17日，名称包含"红 利"的217只基金（仅统计主代码，下同），整体规模较年初增长12%，至2739.41亿元。此类产品规模 扩张背后，是资金对"低估值+高股息"策略的青睐。数据显示，今年以来，截至6月17日，上述200余只 基金，整体净流入额达137.78亿元。 3.科创板ETF产品数量和规模双突破 ...

Core Viewpoint - Dividend-themed funds are becoming a core asset for risk-averse investors due to their stable cash flow returns and defensive attributes [1] Fund Performance and Growth - Multiple dividend-themed ETFs have reached record high shares, with significant growth in their issuance [2] - As of June 17, the E Fund CSI Dividend Low Volatility ETF reached 1.576 billion shares, an 85% increase since the beginning of the year; the Southern S&P China A-share Large Cap Dividend Low Volatility 50 ETF rose to 6.564 billion shares, a 75% increase; and the Bosera CSI Dividend Low Volatility 100 ETF surpassed 0.945 billion shares, a 74% increase [2] - Overall, the scale of dividend-themed funds has rapidly expanded, with 217 funds showing a 12% growth to 273.941 billion yuan since the beginning of the year [2] - The net inflow for these funds reached 13.778 billion yuan as of June 17, indicating strong investor interest in "low valuation + high dividend" strategies [2] Early Fund Closures - Several dividend low volatility ETFs have closed their fundraising early, reflecting strong demand and investor confidence in their strategies [3] - The early closure of the Great Wall Fund's dividend low volatility ETF, which ended its fundraising on May 30 instead of June 30, highlights this trend [3] - This early closure suggests a structural shift in market risk appetite, with funds moving from a cautious stance to active allocation [3] Increased Dividend Distribution - Fund companies are adjusting their dividend distribution rules to enhance attractiveness, allowing for more frequent distributions [4] - For instance, the Huatai-PineBridge SSE Dividend ETF and Yongying Dividend Selection Mixed Fund have updated their contracts to allow for monthly dividend assessments [4] - This strategy aims to meet investor demand for stable returns and reduce net asset value volatility, attracting long-term capital [4] Institutional Preference - Dividend assets are increasingly viewed as important core holdings for institutions and long-term investors due to their stable cash flow and defensive characteristics [5] - High dividend stocks can provide a "quasi-fixed income" yield of 3% to 5%, appealing to long-term capital needs [6] - Traditional high-dividend sectors such as banking, electricity, and coal are favored for their strong cash flow and valuation safety margins, making them attractive to risk-averse funds [6]

风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 作者： 红利信号灯 来源：雪球 不管我们愿不愿意 ， 低速甚至波动的当下 ， 红利的分红收益可比低于1%的存款利息更多更稳定了 。 他山之石可以攻玉 ， 我们隔壁的日本就是一个例子 ， 在2006~2016的十年间 ， 固定分红的基金产品的 资产规模不断增加 。 ✅2006~2016年日本分红基金的分红频率与规模变化 ： 汇总了场内和场外的 " 季度分红 " 红利 。从33个红利指数中 ， 一共选出21只季度分红的红利产品 。 ✅2025年5月 " 季度分红 " 红利清单 ： | | | | | | 21只每季度分红的红利基金清单 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 2025年5月 | | | | | | | | | | 序号 | 代码 | 名称 | 超理 | 成立日期 | 管理费 | 托管费 | | 分红频率 1月分红 2月分红 ...

【导读】一季度继续吸金，红利基金规模再创新高 今年一季度，尽管红利指数出现一些震荡，但红利基金仍然受到资金青睐，规模创历史新高。 业内人士认为，一季度权益基金对红利资产有所减配，但在优质资产稀缺的背景下，后续红利资产仍然具有较好的配置价值。 红利基金总规模再创新高 数据显示，截至今年一季度末，红利基金总规模达2513.67亿元，较去年四季度末增加约270亿元。多只产品规模增加超10亿元，摩根标普港股通低波红利 ETF、中欧红利优享规模分别增加了34.68亿元、27.6亿元。 对于红利基金规模增长的原因，中欧红利精选混合基金经理刘勇分析，首先，政策鼓励上市公司分红，提升股东回报，红利指数扩容为资金提供了标准化 配置工具；其次，长线资金入市，在低利率环境下红利资产的性价比更为显著；最后，关税扰动下，资金涌入红利资产避险。 泰康基金表示，红利类指数一季度收益率普遍为负，相关基金规模增长主要是份额增加带来的。"我们观测到，挂钩红利类指数的ETF份额一季度增幅达 19.3%，高于ETF市场整体增速。这是因为ETF投资者往往具有'逆向投资'特征，在市场回调时敢于加仓。此外，红利类ETF历史业绩相对稳健，今年以来 外围市场 ...