China dividend-focused ETFs recorded YTD cumulative net inflows that briefly
exceeded CNY30 billion. As of Aug. 3, E Fund's dividend suite led flows: E Fund
Dividend Low Vol ETF and E Fund Dividend ETF drew CNY8.405 billion and CNY6.733
billion respectively, both ranking among the top three dividend ETFs. The flows
coincide with the start of half-year disclosures, which will reveal dividend
plans, cash flow and profitability; banks, energy and utility leaders with
sustainable dividend capacity are expected to attract investor interest and
support more durable price repair. Persistently low interest rates are also
shifting household allocations toward high-dividend assets, underpinning
long-term demand for dividend-like, quasi–fixed-income allocations.
