--- title: "As risk aversion rises, the cost-effectiveness of dividend asset allocation marginally improves" type: "News" locale: "en" url: "https://longbridge.com/en/news/281600485.md" description: "Recently, market fluctuations have intensified, highlighting the relative returns of dividend assets, with utilities becoming one of the industries that rise against the trend. The demand for capital to seek safety has increased, and dividend assets have become a consensus safe-haven direction. Industrial Securities pointed out that the cost-effectiveness of dividend asset allocation is marginally improving, with the current dividend yield at approximately 4.44%, and the spread over ten-year government bonds reaching 2.7 percentage points. The dividend low volatility ETF Huaxia (159547) fell by 1.29%, closely tracking the CSI Dividend Low Volatility Index, possessing defensive attributes and cash flow return advantages" datetime: "2026-04-03T03:33:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281600485.md) - [en](https://longbridge.com/en/news/281600485.md) - [zh-HK](https://longbridge.com/zh-HK/news/281600485.md) --- # As risk aversion rises, the cost-effectiveness of dividend asset allocation marginally improves Recently, market fluctuations have intensified, highlighting the relative returns of dividend assets. In the past two weeks, utilities have become one of the only two industries to rise against the trend, while sectors such as banking, transportation, and coal have seen smaller declines. On one hand, as index volatility increases, the demand for capital to seek safety has risen; on the other hand, shipping and alternative energy sources such as coal, electricity, and gas are certain beneficiaries after the oil price center moves upward. Industrial Securities believes that the cost-effectiveness of dividend asset allocation in April is still marginally improving. First, with overseas geopolitical conflicts unresolved and the performance of the earnings season yet to be verified, market risk appetite is converging, making dividend assets a strongly consensus-driven safe-haven direction. Institutional research has found that going long on low-volatility dividend assets has become the third most favored trading theme for investors in the coming month. Secondly, recent net outflows have occurred in stock ETFs and margin financing, and in a stock game environment, dividend assets often outperform. Furthermore, most dividend sectors are at reasonable levels of crowding, with only electricity and coal slightly higher. Currently, the latest dividend yield of low-volatility assets is approximately 4.44%, with a spread of 2.7 percentage points over ten-year government bonds, highlighting their allocation value. As of April 3, 2026, 11:18, the CSI Dividend Low Volatility Index (H30269) has fallen by 1.24%. Among the constituent stocks, there were mixed performances, with COFCO Sugar leading with a rise of 2.43%, CITIC Special Steel up 1.53%, and Ping An Insurance up 0.35%; while Sanwei Chemical fell by 8.78%, Anhui Construction down 5.85%, and Chongqing Bank down 2.59%. The low-volatility dividend ETF Huaxia (159547) fell by 1.29%, with the latest quote at 1.22 yuan. The low-volatility dividend ETF Huaxia (159547) (Class A of the linked fund 021482; Class C of the linked fund 021483) closely tracks the CSI Dividend Low Volatility Index (H30269.CSI) and has the lowest comprehensive fee rate among ETFs tracking the same index; it selects 50 securities with good liquidity, continuous dividends, high dividend yields, and low volatility, covering industries such as banking, coal, and transportation, providing both defensive attributes and cash flow return advantages in a volatile market. Daily Economic News ### Related Stocks - [159547.CN](https://longbridge.com/en/quote/159547.CN.md) - [563020.CN](https://longbridge.com/en/quote/563020.CN.md) - [560890.CN](https://longbridge.com/en/quote/560890.CN.md) ## Related News & Research - [International Energy Agency Is Wrong To Forecast Coal's Demise](https://longbridge.com/en/news/286899857.md) - [Universal Digital Inc. Announces Termination of ETF Partnership Agreement | LFGMF Stock News](https://longbridge.com/en/news/286616540.md) - [Retirees: Buy this ETF for long-term stability and high dividends](https://longbridge.com/en/news/286943591.md) - [3 Dividend ETFs to Lock In Before Summer Volatility Picks Up](https://longbridge.com/en/news/286999152.md) - [Why I Won't Stop Loading Up on This Terrific ETF](https://longbridge.com/en/news/286894863.md)