Since the fourth quarter, many funds have started large-scale dividends. As of November 22, the accumulated dividends of public funds have reached 146.639 billion yuan this year, which has exceeded the total dividends of 135.540 billion yuan in the whole of last year. According to wind data, as of November 22, the accumulated dividends of bond funds have reached 2918 times (A / C shares are calculated separately), and the total annual dividends have reached 88.01 billion yuan. The cumulative dividends of stock funds reached 88 times, and the total annual dividends reached 8.335 billion yuan. The cumulative dividends of hybrid funds reached 815 times, with a total amount of 49.004 billion yuan.
Among the equity funds, the total dividend of China Europe era pioneer is the highest, and the cumulative dividend of China Europe era pioneer (A and C shares in total) reaches 3.181 billion yuan. Among the hybrid funds, Xingquan fund has the highest dividend amount. Wind data shows that the cumulative dividend amount of Xingquan light assets fund and Xingquan Trend Investment Fund has reached 3.240 billion yuan and 2.174 billion yuan respectively this year. In addition, Huaxia return a, Huaxia return h, southern component selection a, Fuguo Tianbo innovation theme, southern performance growth a, and bocom Blue Chip Fund have all exceeded 1.2 billion yuan this year.
Fund dividends help investors lock in earnings
Yu Shanhui, deputy general manager of Minsheng Jiayin fund Co., Ltd., said that the large-scale dividend of the fund does not necessarily reflect the fund managers attitude towards the market itself, but rather the comprehensive effect of the fund managers combination of fund strategy and contract constraints. Yu Shanhui believes that after the fund has been running for a period of time, some fund managers think that they should give dividends to the holders, which may have little impact on individual clients. However, for some institutional clients, the dividend part of the fund is tax-free, and the return ratio of this part is more important. In addition, according to the agreement of the fund contract, after the fund operates for a period of time, it can realize the accumulation of income to a certain extent, and it also needs to repay the holder according to the contract terms.
Liu Shiqing, investment director of equity Department of Minsheng Bank of Canada, also said that the fund dividends are mainly for the interests of the foundation people, especially for the consideration of the return requirements of institutional investors, which has little to do with the judgment of the market.
Source: Ren Hui, editor in charge of China Securities Journal_ NBJ9607