Core Viewpoint - The S&P A-Share Dividend Index has shown resilience in a low-interest environment, with the S&P Dividend ETF (562060) becoming a preferred tool for investors seeking high-dividend assets, evidenced by a net inflow of 108 million yuan in the past five trading days [1][11]. Group 1: Performance and Returns - The S&P A-Share Dividend Index has achieved a cumulative return of 2469.11% from 2005 to June 2025, with an annualized return of 15% [3]. - The index's performance over the last five complete years includes returns of 6.12% in 2020, 23.12% in 2021, -3.59% in 2022, 14.21% in 2023, and 14.98% in 2024 [6][10]. Group 2: Market Environment and Trends - The current low-risk interest rate environment and ongoing liquidity in the A-share market have made high-dividend, low-valuation, and small-cap assets attractive to investors [7][11]. - The S&P A-Share Dividend Index has maintained a high dividend yield of 4.84% in the first half of 2025, indicating strong performance [9]. Group 3: Investment Opportunities - The S&P Dividend ETF (562060) offers liquidity and convenience for investors, allowing efficient trading in the secondary market to capture dividend opportunities [11]. - Regulatory support for increasing dividend payouts from listed companies is expected to enhance the quality and quantity of dividends, providing long-term support for dividend strategies [11].