The core logic of the dividend sector remains solid, with the S&P Dividend ETF closing up 0.09%

On March 17th, the S&P Dividend ETF closed up 0.09%, with a transaction volume of 17.372 million yuan. The constituent stocks showed mixed performance; on the upside, C&D INC. led the gains, followed by Aopu Technology; on the downside, CBEST led the declines, with Ping An Bank following. Industry institutions indicated that from a policy perspective, the government work report for 2025 clearly mentioned timely reserve requirement ratio and interest rate cuts to reduce the financing costs for the real economy and further promote the entry of medium- and long-term funds into the market. These policy dividends provide incremental capital support for the dividend sector and enhance market confidence. In the current market environment, the core logic of the dividend sector remains solid, and after the sector adjustment, it has returned to the allocation range. With the release of policy dividends and the continuous recovery of the macro economy, dividend assets are expected to yield returns in the second and third quarters