The "Dividend+" index consolidates with steady performance, and value-style ETFs are being added to by funds against the trend.

GateUser-bd883c58 · 2026-03-30T12:55:52+00:00

Recently, the A-share market has shown a volatile pattern, with value ETFs increasing their positions against the trend, reflecting investors' defensive expectations for high dividend and value styles. Despite overall market fluctuations, some indices such as the CSI Dividend Index and the China Securities Value 100 Index still performed well, and the inflow of funds indicates recognition of these stable investments.

GateUser-bd883c58

2026-03-30 12:55:52

Abstract generation in progress

Ask AI · Value ETF saw net inflows and increased holdings against the trend—what market expectations does it reflect?

On March 26, the A-share market overall showed a volatile pattern of rallying then retreating. The high-dividend and value-style segments displayed stronger defensive characteristics. The “Redemption Plus” series of indices moved in sync to consolidate; by the close, the CSI Dividend Index inched up 0.04%, the CSI Dividend Low Volatility Index fell 0.06%, the Guozheng Value 100 Index fell 0.3%, and the Guozheng Free Cash Flow Index fell 0.8%.

Based on index characteristics and return attributes (data source: Wind, as of March 25, 2026):

CSI Dividend Index: up 4.4% since the beginning of the year, with an annualized return of 6.2% since launch, with a trailing 12-month dividend yield of 4.7%; sector allocation is mainly focused on banks and coal;

CSI Dividend Low Volatility Index: up 1.5% since the beginning of the year, with an annualized return of 12.7% since launch; banks and building decoration account for nearly 50%;

Guozheng Free Cash Flow Index: up 8.3% since the beginning of the year, with an annualized return of 18.7% since launch; it focuses on high free-cash-flow sectors such as automobiles and petroleum & petrochemicals;

Guozheng Value 100 Index: up 7.5% since the beginning of the year, with an annualized return of 18.0% since launch; household electrical appliances and banks lead by allocation.

In terms of fund flows, the Value ETF that tracks the Guozheng Value 100 Index—E Fund (159263, feeder fund A/C: 025497/025498)—saw net subscriptions of 17 million units today.

Risk warning: Funds involve risk. Please invest cautiously.

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