The fund red envelope rain is coming, 18 billion!

Mondo Psychological Updated on 2024-02-11

As of February 8, the total amount of dividends since the beginning of this year has exceeded 18 billion yuan.

Wind data shows that since the beginning of the year, the total amount of dividends has reached 1858.8 billion yuan, and the bond-type ** has become the absolute main force of the ** dividend without any suspense.

Specifically, in just over a month since the beginning of the year, 477 ** have paid dividends, of which 402 are bonds**, accounting for 84%; At the same time, in the total amount of dividends this year, the dividends of bonds** are as high as 1365.4 billion yuan, accounting for about 73%.

Among the dividends, the largest amount of "red envelopes" issued is the passive index **Huatai Barry CSI 300 ETF and the bond **Yinhua Rili A, the two ** dividends each pay 1 time during the year, and the scale of a single dividend is 24900 million yuan, 18100 million yuan.

Among the bonds, in addition to Yinhua Rili A, there are also Bank of China ** Huijia regular opening, Fuguo Tianli Growth Bond A, Golden Eagle Tianying Pure Bond C, China Life Security Rui and 66 months fixed opening, with a dividend scale of 70.1 billion yuan, 53.8 billion yuan, 48.6 billion yuan, 2$8.4 billion. In addition, the single dividend scale of Harvest Huixin Short-term Bond A, Golden Eagle Tianying Pure Bond A, Quam Furui 3-month, Ping An Hehui Fixed Bond, GF Jiyuan A, Minsheng Jiayin Ruitong 3-month and Taikang Runhe 2-year Fixed Bond also exceeded 200 million yuan.

Among the active equity**, the largest dividend is Yimin Service Leading C, with a single dividend scale of 2400 million yuan; The second is the advantageous industry of Bank of Communications, with a dividend scale of 1$7.5 billion; The third is Invesco Great Wall corporate governance, with a dividend scale of 07.2 billion yuan. In addition, the dividends include Tianzhi Research Drive C, Yimin Service Leading A, Wanjia Select A, etc.

The passive index** has grown rapidly in recent years, and its dividends have also been closely watched by investors. Since the beginning of this year, the two fist products of Huatai Berry, a major manufacturer of passive indexes, Huatai Berry CSI 300 ETF and Huatai Berry Dividend ETF, have distributed big "red envelopes" to investors. Huatai Pineapple CSI 300 ETF dividends 24900 million yuan, Huatai Berry dividend ETF dividends 79.7 billion yuan. In addition, products such as the Wells Fargo CSI Dividend Index Enhanced, the Cathay CSI Coal ETF, and the Wanjia CSI 1000 Index Enhanced have also distributed dividends to investors.

In terms of the number of dividends, Huatai Pineapple Dividend Low Volatility ETF Connect and Hive Tim A have paid dividends twice during the year. From the perspective of first-class unit dividends, Penghua Qianhai Vanke REITS, Yinhua Rili A, and Yimin Service leading units have more dividends. From the perspective of the dividend ratio, the proportion of Yimin Service Leading, Golden Eagle Tianying Pure Bond, and Golden Eagle Tianying Pure Debt is more than 15%.

The China Investment Industry Association pointed out that one of the important significance of dividends is to save transaction costs. Investors do not need to pay redemption fees to obtain the return of funds through cash dividends; For investors who choose to enjoy the first dividend through dividend reinvestment, they can also save a subscription fee.

However, the specific corresponding to different types of **, the reasons for dividends are also different. For example, for the dividends of bonds, Liu Yiqian, head of the Shanghai *** Evaluation Center, said that the bond-type **, whose holder structure is dominated by institutional investors, is mostly focused on the interpretation of its dividend behavior in the accounting sense. Specifically, the dividend can be transferred from the "fair value change profit and loss" account of the enterprise income statement to the "investment income" account, so as to realize the transformation from "floating profit" to "actual profit", and can bring real cash inflow under the premise of avoiding redemption fees, and improve the flexibility of capital utilization.

For ETF dividends, industry insiders believe that ETF dividends are mainly to better track their corresponding indexes. By distributing dividends, ETFs are able to more accurately mimic the indices they track. When an ETF receives dividends from the constituent stocks in which it invests, these dividends are counted as assets, generating excess returns. Typically, ETFs pay dividends to better align their products with the indices they track. Through dividends, dividends received are distributed to investors in cash and the ETF's ** is adjusted to ensure that it accurately reflects the actual value of the constituents.

Editor-in-charge: Li Xuefeng.

Proofreading: Li**.

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