ICBCCS Shenzhen Dividend Index ETF(159905) Targets Third Consecutive Gain; Institutions: High Oil Prices Trigger Stagflation Expectations, Defensive Characteristics of Dividend Assets Become Prominent

NewTimeSpace News - As of 10:49 on March 31, 2026, the ICBC Credit Suisse Dividend ETF (159905) rose 0.79%, targeting its third consecutive gain, with its latest price reaching 1.79 yuan. Looking at a longer timeframe, as of March 30, 2026, the ETF has accumulated a gain of 3.49% over the past week, ranking 1st among 2 comparable funds. (The stocks listed above are solely index constituents and do not constitute specific investment recommendations.)

In terms of liquidity, the ICBC Credit Suisse Dividend ETF recorded an intraday turnover rate of 0.79% and a trading volume of 15.543 million yuan. Looking at a longer timeframe, as of March 30, the ETF's average daily trading volume reached 48.6406 million yuan over the past year.

Regarding fund size, the ICBC Credit Suisse Dividend ETF's latest AUM stands at 1.935 billion yuan, hitting a new high for the past month and ranking 1st among 2 comparable funds. (Data source: Wind)

In terms of fund shares, the ICBC Credit Suisse Dividend ETF increased by 64.5 million shares over the past 2 weeks, achieving substantial growth and ranking 1st among 2 comparable funds in terms of new share additions. (Data source: Wind)

For capital flows, the ICBC Credit Suisse Dividend ETF recorded a net outflow of 3.535 million yuan in the latest session. Looking at a longer timeframe, over the past 10 trading days, 6 days saw net inflows, with a total of 182 million yuan attracted, representing an average daily net inflow of 18.2494 million yuan. (Data source: Wind)

As of March 30, the ICBC Credit Suisse Dividend ETF has gained 12.44% over the past 2 years. In terms of return capability, as of March 30, 2026, since its inception, the ETF has achieved a maximum monthly return of 26.42%, a maximum consecutive rising period of 13 months, a maximum consecutive gain of 62.97%, a rising-to-falling month ratio of 101/82, an average monthly return of 5.26% during rising months, and a 72.43% probability of profit for historical 3-year holdings. As of March 30, 2026, the ICBC Credit Suisse Dividend ETF has outperformed its benchmark by 3.68% in annualized returns over the past year.

Regarding drawdown, as of March 30, 2026, the ICBC Credit Suisse Dividend ETF's relative benchmark drawdown this year was 0.06%, representing the smallest drawdown among comparable funds.

In terms of fee structure, the ICBC Credit Suisse Dividend ETF charges a management fee of 0.50% and a custody fee of 0.10%.

For tracking accuracy, as of March 30, 2026, the ICBC Credit Suisse Dividend ETF's tracking error over the past month was 0.008%, achieving the highest tracking precision among comparable funds.

The ICBC Credit Suisse Dividend ETF closely tracks the SZSE Dividend Index, which reflects the overall performance of listed companies in the Shenzhen market with stable dividend history and high dividend payout ratios.

On the news front, China Shenhua plans to distribute cash dividends of 1.03 yuan per share (inclusive of tax), with total cash dividends expected to reach 22.34 billion yuan (inclusive of tax).

China Merchants Securities stated that high oil prices have triggered stagflation expectations, making the defensive characteristics of dividend assets prominent and enhancing their recent allocation value. Datong Securities analysis indicates that under the A-share market's volatile recovery pattern affected by geopolitical conflicts and liquidity shocks, capital is concentrating toward traditional defensive sectors such as non-ferrous metals, public utilities, and basic chemicals, reflecting the market's continuously strengthening preference for high-dividend, low-volatility state-owned enterprise assets in an environment of rising uncertainty.

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