A-shares opened higher then pulled back, dividend assets attracting funds against the trend! China Merchants Dividend Quality ETF (159209) has seen continuous 16-day net subscriptions totaling 572 million yuan

On March 24, the major A-share indices opened higher and then declined. As of the latest report, the Shanghai Composite Index’s gain narrowed to 0.3%, and the ChiNext Index fell more than 1.5%.

It is noteworthy that, amid ongoing external uncertainties and market sentiment pressure, funds are accelerating into dividend strategy ETFs. Market data shows that the Dividend Quality ETF (159209) had an intraday net inflow of about 33 million yuan, after 16 consecutive trading days of net subscriptions totaling 572 million yuan.

In fact, dividend mutual funds have seen rapid growth in recent years. According to statistics, by the end of 2025, the total market size of dividend funds has exceeded 310 billion yuan, with 65 new products launched throughout the year. Guojin Securities pointed out that, with changing expectations in the real estate sector and declining deposit interest rates, residents’ assets are shifting massively into financial assets. Dividend-themed mutual funds have become an important tool for absorbing such capital.

The firm believes that the A-share market is undergoing a broad restructuring from “high growth elasticity” to “high certainty value.” Against the backdrop of declining central returns on social assets and low-yield fluctuations in long-term bonds, dividend assets are not only safe havens against macroeconomic volatility but also strategic instruments with long-term valuation reshaping potential. For long-term investors, allocating to dividend assets is not a passive, conservative risk-hedging behavior but an active choice to lock in certain returns amid complex macro variables and achieve compound growth through stable management.