A-shares dividend wave is coming: 826 companies plan to distribute nearly 1 trillion yuan in dividends; Value ETF E Fund (159263) received a net subscription of 60 million units in the first half of the day.

As of the midday close, the Guozheng Value 100 Index (980081) rose 1.08%. Among constituent stocks by weight, Gree Electric Appliances rose 0.53%, Midea Group rose 0.67%, COSCO Shipping Holdings rose 0.6%, Weichai Power rose 4.25%, China National Offshore Oil Corporation fell 0.05%, Industrial Bank rose 0.85%, Aluminum Corporation of China rose 1.4%, PetroChina rose 1.8%, Yuntianhua fell 0.09%, and Shaanxi Coal Industry rose 1.8%. As of March 31, the Guozheng Value 100 Index has risen 18.3% over the past year.

The Value ETF from Bosera (159263) has been particularly favored by funds. As of the previous trading day, over the past week the fund recorded total net inflows of 100 million yuan; over the past month, total net inflows of 482 million yuan; and over the past three months, total net inflows of 1.075 billion yuan. Over the past month, average daily trading value was 130 million yuan, ranking first among funds in the same category. Trading on the exchange is active and liquidity is strong. As of the time of this release, the fund had received net subscriptions of 60 million units in the first half of the day.

It is worth noting that the Value ETF from Bosera (159263) is currently the only ETF in the entire market that tracks the Value 100 Index, making it scarce.

As of March 31, 826 listed companies in the A-share market have disclosed dividend distribution plans. Among profitable listed companies, the proportion exceeds 85%, and the total dividend distribution scale at the end of the period is already close to 987.7 billion yuan. Only on March 31 alone, 288 companies released dividend distribution proposals in a concentrated manner.

CITIC Securities noted that the dividend-focused sector’s defensive characteristics have become prominent. Against the backdrop of frequent geopolitical conflicts and relatively weak global economic growth momentum, dividend assets’ certainty and defensive characteristics have extremely high allocation value. During this month’s market volatility, the overall decline of dividend-type assets was significantly smaller than that of other style sectors, mainly benefiting from the ongoing warming of risk-avoidance sentiment in a market environment where uncertainty has increased.

The Value ETF from Bosera (159263) closely tracks the Guozheng Value 100 Index. The index uses a three-dimensional screening system of “high dividend + high free cash flow + low price-to-earnings ratio,” selecting value targets with an eye toward quality. Its historical performance has been steady; the top ten holdings include COSCO Shipping Holdings, China National Offshore Oil Corporation, and Sinopec, which fully benefit from the current crude oil price uptrend. Investors outside the fund can capture high-dividend opportunities with a single click via the feeder (A share: 025497; C share: 025498).

(Funds involve risks; invest with caution)

(Editor: Dong Pingping)

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