Under the background of tariff shocks, industries with independent controllability and stable dividends have shown strong stability and advantages, with the S&P Dividend ETF closing up 0.95%

On April 14th, the S&P Dividend ETF closed up 0.95%, with a trading volume of 25.6766 million yuan. The constituent stocks showed mixed performance; on the upside, SLSVC led the gains, followed by Shuangliang Energy; on the downside, PACIFIC QUARTZ led the declines, with Jianfa Co., Ltd. following. Changjiang Securities stated that reviewing the market performance during the first tariff implementation in 2018, it can be seen that self-controlled, counter-cyclical, and stable dividend sectors can maintain relative stability and advantages amid market fluctuations caused by tariff impacts, such as military industry, insurance, telecommunications, and banking sectors performing well. Considering that the A-share, Hong Kong stock, and U.S. stock markets have all undergone significant adjustments, and short-term sentiment has reached a low position, a short-term market rebound is expected