CSI Dividend Index and Bosera ETF: High-Yield Strategy Review

Summary

This research note reviews the CSI Dividend Index and the Bosera CSI Dividend ETF, which tracks it. The index draws 100 Shanghai and Shenzhen A-shares from stocks with high average after-tax cash dividend yields over the prior two years, then weights them by dividend yield. The note presents high-dividend investing as a potentially defensive, countercyclical approach and summarizes the index’s reported historical returns, drawdown, valuation, industry allocation, and constituent size profile through March 31, 2020.

The cited figures compare the index’s annualized return since its December 2004 base date with selected benchmarks and describe its drawdown as favorable, but the supplied summary lacks methodology and risk-adjusted comparisons. Valuation, sector, and ETF size and fee figures are dated snapshots, not current measurements. The ETF launched in March 2020; no later tracking record or investor outcomes are provided, so the note supports understanding the index design rather than judging its present attractiveness.

Key ideas

• The index selects 100 A-shares based on average after-tax dividend yield over the preceding two years.
• It weights selected stocks by dividend yield.
• The note reports historical return, drawdown, and valuation comparisons through March 2020.
• The portfolio was described as sector-diversified and tilted toward small and mid-sized stocks at that date.
• The supplied summary lacks enough detail to verify methodology or infer future performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.