"Dividend Plus" Index Weakens in Afternoon Trading, Yifangda Free Cash Flow ETF Continues to Attract Fund Inflows on the 11th

NightAirdropper · 2026-03-23T12:08:36+00:00

The A-share market is experiencing volatile adjustments, with major dividend indices declining broadly. Despite the overall weakness, certain dividend-themed ETFs continue to attract capital inflows. Investors show strong demand for assets with stable distributions and cash flows, with market analysts noting the importance of focusing on corporate earnings quality and cash flow generation rather than dividend yield alone.

NightAirdropper

2026-03-23 12:08:36

Abstract generation in progress

The A-share market showed a volatile correction today. The main “Dividend+” index briefly surged in the early trading session but gradually weakened. By the close, the CSI Dividend Low Volatility Index fell 0.3%, the CSI Dividend Index declined 0.5%, the Guozheng Value 100 Index dropped 0.8%, and the Guozheng Free Cash Flow Index performed the weakest, decreasing 1.0% for the day.

Fund flow data indicates that despite the overall market weakness, some dividend-themed ETFs continued to see net capital inflows. For example, the E Fund Free Cash Flow ETF (159222) and its linked funds (Class A 024566 / Class C 024567) have experienced 11 consecutive trading days of net capital inflows, with a total scale approaching 500 million yuan. This phenomenon reflects that, amid increased market volatility, investors still have strong demand for asset allocations with stable dividend characteristics and cash flow advantages.

From the market performance perspective, there is differentiation within the dividend sector. Indices related to low-volatility strategies declined relatively less, while those focusing on free cash flow experienced larger adjustments, indicating differing market valuation logic for various types of dividend assets. Analysts point out that, in the current market environment, investors should pay more attention to corporate profitability quality and cash flow sustainability rather than simply pursuing high dividend yields.

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