Dividends once again hit the "perfect strike zone"! The three major dividend ETFs rise together, attracting nearly 600 million in inflows over the past five days.

On the afternoon of March 24th, the dividend sectors of A-shares and Hong Kong stocks collectively warmed up. By 1:25 PM, the Hong Kong Dividend Low Volatility ETF (520550) had risen by 1.53%, the CSI Dividend ETF (515080) had increased by 0.64%, and the CSI Dividend Quality ETF (159209) had gained 0.25%, with all three major dividend strategy tools rising together.

According to fund flow data, in the past five trading days, the three dividend ETFs collectively saw a net inflow of nearly 600 million yuan—Hong Kong Dividend Low Volatility ETF (520550) had a net inflow of 50 million yuan, CSI Dividend ETF (515080) had a net inflow of 390 million yuan, and CSI Dividend Quality ETF (159209) had a net inflow of 140 million yuan. The trend of funds “buying more as prices drop” is clear.

Analysis points out that the collective strength of dividend assets is due to the resonance of three major logics:

First, the dividend yield has soared to high levels, with clear “strike zone” signals. With the recent market adjustments, the dividend yields of several dividend strategy ETFs tracking indices have reached historical highs. The dividend yield of the CSI Dividend Index and the Hang Seng Hong Kong Stock Connect High Dividend Low Volatility Index exceeds 5%; the dividend yield of the CSI Dividend Quality Index has also risen to 4.1%. Against the backdrop of a trend of declining risk-free interest rates, this level of return is highly attractive and has become a direct driving force for fund inflows.

Second, the HALO asset attribute is highlighted, with safe-haven funds continually flowing in. HALO stands for “Heavy Assets, Low Obsolescence,” a term officially proposed by Goldman Sachs in February 2026. The three major dividend ETFs position themselves based on this underlying logic from three dimensions: “low volatility,” “high dividend,” and “high quality”—they can provide stable cash flow returns while possessing assets that can withstand cycles, becoming a “safe haven” amid current market volatility.

Third, the stability of dividends strengthens the value of allocation. The CSI Dividend ETF (515080) has maintained quarterly dividends since 2023, with a total of 16 dividends distributed; the Hong Kong Dividend Low Volatility ETF (520550) focuses on leading Hong Kong stocks with high dividends and low volatility; the CSI Dividend Quality ETF (159209) adds a profit quality filter on top of dividend returns. A stable dividend record and clear strategic positioning.

Further analysis indicates that the collective warming of dividend assets is not a coincidental rebound, but an inevitable result under the triple resonance of rising dividend yields, heightened risk aversion, and confirmed dividend stability. The three major dividend ETFs—Hong Kong Dividend Low Volatility ETF (520550), CSI Dividend ETF (515080), and CSI Dividend Quality ETF (159209)—will face opportunities.

Source: China Merchants Fund

Risk Warning: Funds carry risks; investment requires caution.