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, 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