Recently, I took a look at the index products available in the market and found something quite interesting. On the regulatory side, they’ve highlighted a few key index directions, including the CSI 300, CSI Dividend Low Volatility 100, and the STAR Market, but in reality—a lot of fund companies haven’t actually followed up on the Dividend Low Volatility 100 product.

What’s even more frustrating is the fee rate. I specifically compared a bunch, and among the existing similar products, the C class shares generally start at a 0.5% management fee, plus another 0.4% sales service fee. That cost really isn’t low.

There’s another point that can be confusing and needs clarification: The Dividend Low Volatility Index and the Dividend Low Volatility 100 Index may only differ by “100” in their names, but there are significant differences in their underlying constituent stocks. The latter generally selects targets with much smaller market caps, and their actual performance could be entirely different. When allocating, don’t just assume they’re the same type of product because the names look alike; you need to take a close look at the portfolio structure.