The "red packet" equity fund of the public offering to open the new year is the most "generous"

Source: Shanghai Securities News

Approaching the Spring Festival, the pace of dividends from public funds has gradually accelerated, and the total cumulative dividends of funds since the beginning of 2022 have exceeded 35.2 billion yuan, of which equity funds account for more than 80%, and the most "generous" funds have paid dividends of nearly 2.9 billion yuan since the beginning of the year. Industry insiders believe that the beginning of the year is often the time when the fund pays intensive dividends, and there are many reasons for dividends, and the concentrated dividends of equity funds do not necessarily represent pessimism about the future market.

Since the beginning of the year, the fund has sent "red packets"

According to the data, as of January 19, at the beginning of 2022, 431 funds distributed "red envelopes" (different shares are calculated separately), and the total dividend amount has exceeded 35.2 billion yuan, and the total dividend amount of 68 funds has exceeded 100 million yuan.

It is worth noting that in the total dividends of 35.2 billion yuan since the beginning of the year, equity funds have dividends of nearly 29 billion yuan, accounting for more than 80%, and the top 10 products in dividends are equity funds except for 1 secondary debt base.

From the performance point of view, most of the dividend-paying equity funds last year handed over better answers, nearly 80% of which received positive returns, and 56 products increased by more than 10% in net value, and the highest net value rose by more than 81%.

Among them, at the end of the third quarter of last year, the "Big Mac" ranked first in the equity fund with a scale of 92.8 billion yuan - China Merchants CSI Liquor had the largest dividend, with a dividend of 2.89 billion yuan at the beginning of the year. According to the announcement, the fund issued dividends on January 4 and January 5 this year, with a dividend of 0.45 yuan for every 10 dividends.

It is worth noting that since the beginning of the year, many star fund managers' products have paid dividends. Dividends of more than 100 million yuan per fund include products managed by fund managers such as Shi Bo of Southern Fund, Zhou Weiwen of China Europe Fund, Du Meng of Shanghai Investment Morgan Fund, Xiao Xiao of Baoying Fund, etc.

Market opportunities are more diverse

"There are many reasons for the fund to pay dividends, some because the contract stipulates the number of dividends, and some are paid at the request of institutional holders at the end of the year and at the beginning of the year. Good performance is the basis for the dividends of many equity funds, but it is not excluded that some fund managers reduce their positions through dividends to avoid market risks when the short-term market prospects are unclear. A third-party fund sales agency told reporters.

Industry insiders believe that the large dividends of equity funds do not necessarily represent pessimism about the future market. "I heard that some peers have reduced the position of the new energy sector, but I am still more optimistic about the future performance of new energy, and there will be better opportunities after adjustment." At present, some new energy targets have gradually fallen out of value, and I am waiting for the right price to follow up the layout. The fund manager of a small and medium-sized fund company in Shanghai revealed.

The above-mentioned third-party fund sales agency said that from the historical data, there is no direct connection between the timing of the fund's intensive dividends and whether the market will fall in the future.

After the market has continued to adjust since the beginning of the year, some fund managers said that they can look more optimistically at the investment opportunities for the whole year. Du Meng, a fund of Shanghai Investment Morgan, said that short-term market sentiment catharsis does not constitute a sustained risk, and even a good opportunity for high-quality stocks to increase their positions and layout. Therefore, the beginning of the year may be a better time for the layout of the whole year. It is expected that the market opportunities will be more diversified this year, and the distribution of industries will be more balanced.