--- title: "The Shanghai Composite Index is stuck at 3900 points, and dividends have become the focus of capital attention again! Two major dividend ETFs have attracted over 400 million in funds in the past 5 days!" type: "News" locale: "en" url: "https://longbridge.com/en/news/281598982.md" description: "On April 3rd, the Shanghai Composite Index fluctuated around 3900 points, with market sentiment being cautious. Dividend assets have become the focus of capital attention, with the China Merchants CSI Dividend ETF (515080) and the China Merchants CSI Dividend Low Volatility ETF (520550) collectively attracting over 400 million yuan in the past 5 days. Analysts believe that the rising risk aversion, the relative attractiveness of high-dividend assets, and the rotation of market styles have made dividend strategies a core allocation for stable funds. Risk warning: Investment should be cautious" datetime: "2026-04-03T03:04:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281598982.md) - [en](https://longbridge.com/en/news/281598982.md) - [zh-HK](https://longbridge.com/zh-HK/news/281598982.md) --- # The Shanghai Composite Index is stuck at 3900 points, and dividends have become the focus of capital attention again! Two major dividend ETFs have attracted over 400 million in funds in the past 5 days! On the morning of April 3rd, the Shanghai Composite Index fluctuated around the 3900-point mark, with market sentiment being cautious. In terms of capital, as the Shanghai Composite Index hovered around 3900 points and the market lacked a clear main line, dividend assets became the direction for funds to "huddle for warmth." Data shows that in the past five trading days, the Hong Kong Dividend Low Volatility ETF China Merchants (520550) and the CSI Dividend ETF China Merchants (515080) collectively saw a net inflow of over 400 million yuan, highlighting their risk-averse attributes. Analysis indicates that as the Shanghai Composite Index struggles at the 4000-point mark, dividend assets continue to attract capital, supported by threefold logic: First, rising risk aversion has made high-dividend assets a "safe haven." Currently, the market lacks a clear main line, and the volatility of news factors driven by quantitative measures has increased, making subjective fund trading more challenging. In this context, high-dividend assets that can provide stable cash flow returns and possess undervaluation advantages have had their "certainty premium" repriced by the market, becoming the preferred choice for funds. Second, the cost-performance ratio of dividend yields is prominent. The dividend yield of the CSI Dividend Index remains at a high level of nearly 5%, while the dividend yield of the Hong Kong Dividend Low Volatility Index exceeds 5%. Compared to the less than 2% yield of 10-year government bonds, they offer significant relative attractiveness, making them highly appealing to long-term funds seeking stable returns. Third, market style rotation has made dividend strategies a "ballast." Amid the repeated fluctuations at key points of the Shanghai Composite Index and ongoing geopolitical uncertainties, dividend assets, with their low volatility and high dividends, are accelerating their evolution from "optional allocations" to the "core base" of stable funds. Further analysis shows that the Hong Kong Dividend Low Volatility ETF China Merchants (520550) focuses on leading Hong Kong stocks with high dividends and low volatility, while the CSI Dividend ETF China Merchants (515080) is positioned in the A-share high-dividend benchmark index. Risk warning: Funds carry risks; investment requires caution ### Related Stocks - [515080.CN](https://longbridge.com/en/quote/515080.CN.md) - [159220.CN](https://longbridge.com/en/quote/159220.CN.md) - [520550.CN](https://longbridge.com/en/quote/520550.CN.md) - [159118.CN](https://longbridge.com/en/quote/159118.CN.md) - [159117.CN](https://longbridge.com/en/quote/159117.CN.md) ## Related News & Research - [Retirees: Buy this ETF for long-term stability and high dividends](https://longbridge.com/en/news/286943591.md) - [Guardian Ultra-Short U.S. T-Bill Fund ETF declares $0.1448 dividend](https://longbridge.com/en/news/286471588.md) - [Keep Your Portfolio Safe With This Low-Volatility ETF](https://longbridge.com/en/news/286604877.md) - [VanEck, Grayscale file fresh BNB ETF amendments as race for next altcoin spot ETF accelerates](https://longbridge.com/en/news/286652991.md) - [3 Best High-Yield (4%+) Floating-Rate Bond ETFs to Buy in 2026](https://longbridge.com/en/news/286812081.md)