China Merchants Dividend Quality ETF (159209) saw intraday net inflows again on September 7 and has recorded net inflows for five consecutive quarters, according to Jiemian News. Wind data showed year-to-date net inflows of more than 2.04 billion yuan, while the fund’s latest size was about 2.6 billion yuan, the largest among products tracking the same benchmark.
The ETF tracks the CSI All-Share Dividend Quality Index, which has a latest dividend yield above 4% and a return on equity of 19.97%, higher than the CSI 300’s 9.93% and the ChiNext Index’s 15.21%. Twenty-four companies have announced interim dividends totaling 57.6 billion yuan. The index’s constituents also reported strong first-half results, including Shenergy Technology, whose net profit attributable to shareholders rose 130.4% to 3.287 billion yuan, and Power Investment Energy, whose net profit increased 49.13% to 5.293 billion yuan. Jiemian News reported that the fund uses a high-dividend, high-quality strategy, charges a 0.15% annual management fee, and has paid dividends for 14 consecutive months.