On December 18, the three major stock indexes had mixed ups and downs, and the Shanghai Index closed higher for half a day. In this context, low-dividend ETFs performed steadily, rising 0.43% to 1.176 yuan in midday trading, with a turnover rate of 1.04% and a turnover of 266 million yuan, ranking first in the turnover of similar target ETFs. Capital flows are rising, and ETFs with low dividends have been favored for a long time. The net capital inflow for the past 5 trading days is 790 million yuan, the net capital inflow for the past 20 trading days is 470 million yuan, and the net capital inflow for the past 60 trading days is 5.3 billion yuan, showing strong capital appeal. Industry insiders said that medium- to long-term capital, such as insurance capital, social security funds, pensions, etc., have characteristics of large scale, long term, and stable risk appetite. They usually prefer targets with high dividends, stable profits, and reasonable valuations. This is highly compatible with the characteristics of the constituent stocks of the low-wave dividend index. Furthermore, the new “National Nine Rules” further clarify market value management and dividend requirements for listed companies, continuously improve the level of corporate governance and shareholder return capacity, and provide institutional guarantees for the long-term implementation of the low-wave dividend strategy. Driven by both policy support and market practice, the long-term value of the low-volatility dividend index has been further demonstrated. The low-dividend ETF was established in December 2018 and has a steady historical performance. As of December 17, 2025, the return since inception was 133.84%, significantly outperforming the performance comparison benchmark, ranking 77th in the 502 product. It can be used as a robust tool for asset allocation in volatile markets. Investors can participate through fixed investment to smooth out the risk of fluctuations. Investors without stock accounts can also allocate through their OTC linked funds.

On December 18, the three major stock indexes had mixed ups and downs, and the Shanghai Index closed higher for half a day. In this context, low-dividend ETFs performed steadily, rising 0.43% to 1.176 yuan in midday trading, with a turnover rate of 1.04% and a turnover of 266 million yuan, ranking first in the turnover of similar target ETFs. Capital flows are rising, and ETFs with low dividends have been favored for a long time. The net capital inflow for the past 5 trading days is 790 million yuan, the net capital inflow for the past 20 trading days is 470 million yuan, and the net capital inflow for the past 60 trading days is 5.3 billion yuan, showing strong capital appeal. Industry insiders said that medium- to long-term capital, such as insurance capital, social security funds, pensions, etc., have characteristics of large scale, long term, and stable risk appetite. They usually prefer targets with high dividends, stable profits, and reasonable valuations. This is highly compatible with the characteristics of the constituent stocks of the low-wave dividend index. Furthermore, the new “National Nine Rules” further clarify market value management and dividend requirements for listed companies, continuously improve the level of corporate governance and shareholder return capacity, and provide institutional guarantees for the long-term implementation of the low-wave dividend strategy. Driven by both policy support and market practice, the long-term value of the low-volatility dividend index has been further demonstrated. The low-dividend ETF was established in December 2018 and has a steady historical performance. As of December 17, 2025, the return since inception was 133.84%, significantly outperforming the performance comparison benchmark, ranking 77th in the 502 product. It can be used as a robust tool for asset allocation in volatile markets. Investors can participate through fixed investment to smooth out the risk of fluctuations. Investors without stock accounts can also allocate through their OTC linked funds.