On December 29, the three major A-share indices had mixed ups and downs. The Shanghai Index closed slightly higher, achieving “Jiulianyang”; at one point, the GEM index fell by more than 1% intraday. In this context, the low-wave dividend closed up 0.09% to 1.176 yuan, with a turnover rate of 2.14% and a turnover of 570 million yuan, ranking first among similar ETFs. The flow of funds shows that ETFs with low dividends have long been favored by capital. As of December 26, 2025, net capital inflows of 380 million yuan, 1.47 billion yuan and 5.86 billion yuan have been achieved in the past 5 trading days, 10 trading days and 60 trading days respectively. The current overall circulation scale is 26.606 billion yuan. Zhongtai Securities pointed out that the current market is more in line with the characteristics of the stage of “preparing for the market before the Spring Festival after the bottom is consolidated”. Market capital is more likely to adopt the participation method of “falling layout and structural change” rather than trending positions at a high level. This determines that the short-term market is more likely to be interpreted by “gradually raising the center of gravity in the midst of shocks and continuous adjustment of the internal structure” rather than a rapid rise and a one-sided, continuous profit effect. Zhu Zhefeng, fund manager of Xingzheng Global Fund, said that looking ahead to 2026, there are still many structural opportunities, whether it is A-shares or Hong Kong stocks. The development trend of AI-led industries, the boom in the non-colored sector, the cash flow value of dividend assets, consumer and non-bank valuation repairs, and policy catalysts are all worth paying attention to. Additionally, we focus on the cash flow value of dividend assets. Low-dividend ETFs are a sound 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 29, the three major A-share indices had mixed ups and downs. The Shanghai Index closed slightly higher, achieving “Jiulianyang”; at one point, the GEM index fell by more than 1% intraday. In this context, the low-wave dividend closed up 0.09% to 1.176 yuan, with a turnover rate of 2.14% and a turnover of 570 million yuan, ranking first among similar ETFs. The flow of funds shows that ETFs with low dividends have long been favored by capital. As of December 26, 2025, net capital inflows of 380 million yuan, 1.47 billion yuan and 5.86 billion yuan have been achieved in the past 5 trading days, 10 trading days and 60 trading days respectively. The current overall circulation scale is 26.606 billion yuan. Zhongtai Securities pointed out that the current market is more in line with the characteristics of the stage of “preparing for the market before the Spring Festival after the bottom is consolidated”. Market capital is more likely to adopt the participation method of “falling layout and structural change” rather than trending positions at a high level. This determines that the short-term market is more likely to be interpreted by “gradually raising the center of gravity in the midst of shocks and continuous adjustment of the internal structure” rather than a rapid rise and a one-sided, continuous profit effect. Zhu Zhefeng, fund manager of Xingzheng Global Fund, said that looking ahead to 2026, there are still many structural opportunities, whether it is A-shares or Hong Kong stocks. The development trend of AI-led industries, the boom in the non-colored sector, the cash flow value of dividend assets, consumer and non-bank valuation repairs, and policy catalysts are all worth paying attention to. Additionally, we focus on the cash flow value of dividend assets. Low-dividend ETFs are a sound 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.