Core Viewpoint - Two dividend-paying ETFs under China Merchants Fund are distributing dividends, with the CSI Dividend Quality ETF distributing 0.003 yuan per share and the Hong Kong Dividend Low Volatility ETF distributing 0.004 yuan per share, both on August 15 [1] Group 1: ETF Details - The Hong Kong Dividend Low Volatility ETF tracks the Hang Seng High Dividend Low Volatility Index, utilizing a "dual-factor" screening strategy focused on defensive sectors like finance and utilities, currently offering a dividend yield exceeding 5% [1] - The CSI Dividend Quality ETF employs a "high dividend + high quality" strategy, selecting premium stocks in consumer and pharmaceutical sectors, maintaining a historical dividend yield of 3%-5% while outperforming broad market indices [1] Group 2: Market Context - In the current market environment, these two products represent "defensive and stable" and "growth and value" investment directions, providing differentiated allocation choices for investors [1] - The design of low fees and a monthly dividend mechanism is expected to enhance the long-term investment experience for holders [1]