ddrarcademachine| The S & P Dividend ETF (562060) rose 1.25%, and rose 13.59% so far this year. Institutions continue to be optimistic about the overall allocation value of the Dividend Track

May 27ddrarcademachine, S & P Dividend ETF (562060) rose 1ddrarcademachine.25%, and 9 of the top ten heavy positions rose. Among them, COSCO Haikong rose more than 6%, and Shanmei International and Shaanxi Coal Industry rose more than 4%. The S & P Dividend ETF (562060) has risen 13.59% so far this year.

Zheshang Securities pointed out that the asset shortage pattern has not changed, and behind the high dividend market is compensation for the yield of low-risk assets. What are low-risk assets? From the perspective of the securities market, the probability of marginal downsizing of assets with sufficiently low expectations is significantly lower, especially in traditional industries with relatively stable business models. Compared with growth sectors such as TMT, ROE is more transparent and stable, and its high dividend characteristics form a benchmarking effect with fixed income products to a certain extent, thus creating structural appeal to allocated funds.

Many dividend products are still on the way, and the increase in funds has not yet ended. Product issuance in the future will bring structural capital inflows. Currently, there are 44 dividend funds that have yet to be issued (under issuance, pending issuance, and approval). Based on the average issuance scale of stocks and hybrid funds in the past year of 338 million yuan, the potential increase in capital is approximately 14.9 billion yuan. In fact, the demand for dividend-related products is generally higher, and the incremental funds for dividend-related products in the future are expected to exceed 14.9 billion yuan.

Cinda Securities believes that in the uncertain market, the importance of stabilizing interest-bearing assets has increased. Combining the latest signals from the high-performance fund strategy with the positive sentiment on the funding side, we will continue to be optimistic about the overall allocation value of the dividend track in the short to medium term.

Hu Jie, fund manager of the Standard & Poor's Dividend ETF (562060), said that the valuation differentiation in the A-share market has gradually been repaired, and the market continues to look for "certainty." In a market environment where the overall valuation is in the bottom range, the dividend yield of high-dividend assets is still at historical high levels, and the valuation level is extremely cost-effective. In the current market environment, it can balance defense and offense. Investors are advised to pay more attention to the absolute return capabilities of dividend-based strategies and the allocation opportunities of value-style products.

The S & P Dividend ETF (562060) passively tracks the S & P China A-Share Dividend Opportunity Index (CSPSADRP). According to its latest April 2024 monthly report data, the dividend yield of the S & P China A-Share Dividend Opportunity Index (CSPSADRP) is as high as 6.12%. In the 19 years from 2005 to 2023, the cumulative yield of the S & P A-Share Dividend Total Income Index is as high as 1975.17%, and the annualized yield is nearly 18%. Against the macro background of a moderate slowdown in economic growth and a downward trend in risk-free interest rates, the S & P Dividend ETF (562060) has demonstrated outstanding allocation value with continuously stable high dividends and cross-cyclical profitability.