---
title: "The largest dividend low volatility ETF in the Shenzhen market, Tianhong (159549), received a net subscription of 26 million shares yesterday. Institutions: The cost-effectiveness of dividend asset allocation in April is still marginally improving"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281953878.md"
description: "The largest dividend low volatility ETF in the Shenzhen market, Tianhong (159549), received a net subscription of 26 million shares on April 7, with a transaction amount of 37.2033 million yuan. Despite the CSI Dividend Low Volatility 100 Index falling by 0.15%, the inflow of funds into this ETF has accumulated to 53.83 million yuan over the past 5 trading days. Industrial Securities pointed out that the cost-effectiveness of dividend asset allocation is still marginally improving in April, attracting more funds' attention, especially in a low-interest-rate era, where dividend assets are seen as high-quality core holdings"
datetime: "2026-04-08T01:19:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281953878.md)
  - [en](https://longbridge.com/en/news/281953878.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281953878.md)
---

# The largest dividend low volatility ETF in the Shenzhen market, Tianhong (159549), received a net subscription of 26 million shares yesterday. Institutions: The cost-effectiveness of dividend asset allocation in April is still marginally improving

Yesterday (April 7), the three major indices collectively rose. By the close, the CSI Dividend Low Volatility 100 Index (930955.CSI) fell by 0.15%. Among the constituent stocks of this index, Guanghui Energy rose over 8%, China Longyuan Power Group rose over 6%, and Suqian Agricultural Development rose over 4%.

In terms of related ETFs, the Tianhong Dividend Low Volatility ETF (159549) had a trading volume of 37.2033 million yuan yesterday. Wind data shows that this ETF had a net subscription of 26 million shares yesterday.

Regarding capital flows, Wind data shows that as of April 3, the cumulative net inflow of this ETF over the past five trading days was 53.83 million yuan. The latest circulating shares of this ETF are 4.363 billion shares, with a latest circulating scale of 5.288 billion yuan, making it the largest in the Shenzhen market for the same category.

The Tianhong Dividend Low Volatility ETF (159549) closely tracks the CSI Dividend Low Volatility 100 Index, which selects 100 stocks from the Shanghai and Shenzhen A-shares that have good liquidity, continuous dividends, high dividend yields, and low volatility as index sample stocks, weighted by dividend yield/volatility to reflect the overall performance of high dividend yield and low volatility stocks in the A-share market.

Industrial Securities' research report on April 1 stated that the market's attention to dividend assets has increased recently. In the past two weeks, market volatility has intensified, highlighting the relative returns of dividend assets. Utilities have become one of the only two industries that rose against the trend, while sectors such as banking, transportation, and coal have seen smaller declines. **Looking ahead, the cost-performance ratio of dividend asset allocation in April is still marginally improving and may attract more capital.** From a longer time perspective, dividend assets are a high-quality foundational asset with strong certainty in a low-interest-rate era. The continuous inflow of allocation-type funds represented by domestic insurance funds is a solid foundation for dividend assets to achieve long-term absolute returns.

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