Recently, the A-share market has continued to adjust. The previously leading growth sector has begun to be clearly under pressure. The gains accumulated in the previous period have gradually returned, capital risk appetite has shrunk accordingly, and the market has returned to the search for “certainty.” Against this backdrop, a type of asset that has been overlooked for a long time has come back into view — dividend-themed funds with banks, coal, and utilities as the base, and the net worth is collectively approaching or even breaking new all-time highs. Looking at dividend-themed index products alone, on October 12, the net unit value of the Jianxin Shanghai and Shenzhen 300 dividend ETF hit a new high since its establishment 7 years ago, at 1.6854 yuan, with a return of 5.84% during the year. The Cathay Pacific Shanghai Securities State-owned Enterprise Dividend ETF and the Galaxy Shanghai Securities State-owned Enterprise Dividend ETF both declined briefly after setting historical records on August 31. Recently, they surged again, only 0.03 yuan from the previous high, with annual returns of 13.99% and 13.88% respectively. According to industry insiders, there are three main factors supporting the strengthening of dividend funds: first, the interest rate environment has boosted the relative appeal of dividends, second, the need to allocate long-term capital continues to be released, and third, the foundation of the dividend system is constantly being consolidated.

Recently, the A-share market has continued to adjust. The previously leading growth sector has begun to be clearly under pressure. The gains accumulated in the previous period have gradually returned, capital risk appetite has shrunk accordingly, and the market has returned to the search for “certainty.” Against this backdrop, a type of asset that has been overlooked for a long time has come back into view — dividend-themed funds with banks, coal, and utilities as the base, and the net worth is collectively approaching or even breaking new all-time highs. Looking at dividend-themed index products alone, on October 12, the net unit value of the Jianxin Shanghai and Shenzhen 300 dividend ETF hit a new high since its establishment 7 years ago, at 1.6854 yuan, with a return of 5.84% during the year. The Cathay Pacific Shanghai Securities State-owned Enterprise Dividend ETF and the Galaxy Shanghai Securities State-owned Enterprise Dividend ETF both declined briefly after setting historical records on August 31. Recently, they surged again, only 0.03 yuan from the previous high, with annual returns of 13.99% and 13.88% respectively. According to industry insiders, there are three main factors supporting the strengthening of dividend funds: first, the interest rate environment has boosted the relative appeal of dividends, second, the need to allocate long-term capital continues to be released, and third, the foundation of the dividend system is constantly being consolidated.