On August 31, the market collectively weakened in early trading. The Shanghai index fell 0.20% in early trading and the index fell 1.29%. In this context, the low-dividend ETF Huatai Berry bucked the trend and rose 0.84% to 1.194 yuan, with a turnover rate of 1.68% and a half-day turnover of 558 million yuan, ranking first among similar target ETFs. According to the news, the National Bureau of Statistics announced that in August, the manufacturing purchasing managers' index was 49.8%, up 0.6 percentage points from the previous month, and the sentiment level rebounded; the non-manufacturing business activity index was 49.0%, the same as last month; the composite PMI output index was 49.5%, up 0.2 percentage points from the previous month, and the overall output level of China's economy improved. Furthermore, on August 28, the five major ministries and departments of the Ministry of Housing and Construction, the Ministry of Natural Resources, the Central Bank, the General Administration of Financial Supervision, and the Securities Regulatory Commission intensively implemented 8 real estate documents on the same day, forming a complete system package of “3 basic documents plus 5 supporting measures.” CITIC Construction Investment pointed out that the “828” new real estate policy is not a demand-side stimulus or bailout, but rather a systematic restructuring of the new real estate development model through optimization of the existing housing sales system, project company system, host bank system, and personal housing loan system. Fund manager Liu Jun said in his semi-annual report that looking ahead to the third quarter of 2026, the dividend sector's allocation value is worth focusing on, and both short-term and medium-term logic are firmly supported. In the short term, the center of market fluctuations rises, disturbances increase, and the style may be rebalanced in the short term. However, after adjustments in the second quarter of 2026, dividend sector valuations have gradually fallen back to a reasonable range, valuation pressure has been fully released, and there is now a clear opportunity for a diff allocation window. Investors can use the low-dividend ETF Huatai Berry as a base position, and investors without a stock account can also allocate it through its OTC linked fund.

On August 31, the market collectively weakened in early trading. The Shanghai index fell 0.20% in early trading and the index fell 1.29%. In this context, the low-dividend ETF Huatai Berry bucked the trend and rose 0.84% to 1.194 yuan, with a turnover rate of 1.68% and a half-day turnover of 558 million yuan, ranking first among similar target ETFs. According to the news, the National Bureau of Statistics announced that in August, the manufacturing purchasing managers' index was 49.8%, up 0.6 percentage points from the previous month, and the sentiment level rebounded; the non-manufacturing business activity index was 49.0%, the same as last month; the composite PMI output index was 49.5%, up 0.2 percentage points from the previous month, and the overall output level of China's economy improved. Furthermore, on August 28, the five major ministries and departments of the Ministry of Housing and Construction, the Ministry of Natural Resources, the Central Bank, the General Administration of Financial Supervision, and the Securities Regulatory Commission intensively implemented 8 real estate documents on the same day, forming a complete system package of “3 basic documents plus 5 supporting measures.” CITIC Construction Investment pointed out that the “828” new real estate policy is not a demand-side stimulus or bailout, but rather a systematic restructuring of the new real estate development model through optimization of the existing housing sales system, project company system, host bank system, and personal housing loan system. Fund manager Liu Jun said in his semi-annual report that looking ahead to the third quarter of 2026, the dividend sector's allocation value is worth focusing on, and both short-term and medium-term logic are firmly supported. In the short term, the center of market fluctuations rises, disturbances increase, and the style may be rebalanced in the short term. However, after adjustments in the second quarter of 2026, dividend sector valuations have gradually fallen back to a reasonable range, valuation pressure has been fully released, and there is now a clear opportunity for a diff allocation window. Investors can use the low-dividend ETF Huatai Berry as a base position, and investors without a stock account can also allocate it through its OTC linked fund.