More people want to pursue "stable happiness".
Author | Market Cap Fengyun Fund Research Department
Edit | Xiaobai
This year's market is okay, the CSI 300 has only fallen for 4 days, and the happiness of shareholders has been greatly improved, after all, it fell for hundreds of days last year.
Funds are piled up in high-dividend stocks
In the current fragile market environment, the risk appetite of market funds is low, and high-dividend stocks have become the main gathering place for funds.
They have stable profits, strong dividend distribution capabilities, and most importantly, can withstand market fluctuations and can bring "stable happiness" to investors from a long-term perspective.
Yesterday, the share prices of Agricultural Bank of China, CNOOC, Yangtze River Electric Power, and Nanjing-Shanghai Expressway all hit record highs, and the share price of China Shenhua also refreshed its highs since 2008.
(Source: Market Value APP)
On the other hand, after a long-term adjustment, Hong Kong stocks have a better dividend yield and cost performance, and southbound funds continue to pile up in high-dividend sectors.
The inflow of real money and silver has gradually heated up the field of high dividends, and the once most sexually unsexy little transparent has become the most fragrant and big winner in today's market, which is really a moment and a moment.
(Source: Market Value APP)
The most intuitive reason why this wind of high dividend strategy is blowing is that the coal stock market in the past three years and the "medium and special valuation" market in the first half of last year have brought the word on fire.
In A-shares, this strategy has not had the soil for development and growth before, but as the number of dividends and the total amount of dividends of A-share listed companies have increased year by year, so that the amount of "reaching out to investors" has exceeded the amount of "reaching out for money", the dividend strategy of A-shares can be useful.
Moreover, in September last year, the China Securities Regulatory Commission (CSRC) made many "assists" in the dividend strategy, and also "linked" dividends to reduce holdings, and the amount of cash dividends of listed companies is expected to reach a new high in 2023.
What you want, Fengyunjun has sorted it out for you
In the first three trading days of this year, among the major A-share indexes, only the Beijing Stock Exchange 50 closed up slightly, and the ChiNext index fell nearly 5%, directly falling below the starting point of the strong upward offensive a year ago.
(Source: Choice data)
Among the specific sectors, the high-dividend sectors represented by coal performed strongly during the period, rising by more than 6%, and the petroleum and petrochemical, public utilities, steel, environmental protection, banking, social services, transportation and other sectors also performed at the top.
Among the A-shares, stocks with stable dividends and high dividend yields are mainly concentrated in sectors such as coal, banking, steel, infrastructure, utilities, and transportation.
Or from the CSI Dividend Index (000922. SH), the index is composed of 100 stocks with high cash dividend yields and continuous cash dividends in the past three years from the Shanghai and Shenzhen stock markets, which is the most representative dividend strategy.
In the composition of the index, the top three weights are banking, coal and transportation, accounting for nearly 50% of the total, while the other sectors are diversified.
(Source: Choice data)
It is not difficult to find that although the money-making effect of the market was poor last year, most high-dividend sectors are relatively resistant, and many sectors still have obvious money-making effects.
(Source: Choice data)
Ordinary investors can eat dividends by buying and selling high-dividend stocks or investing in corresponding dividend strategy funds, but after all, the former needs to face the secondary market sentiment to buy and sell specific stocks, which is suitable for investors who can identify real high-dividend stocks and can withstand certain fluctuations.
Dividend strategy funds, on the other hand, are theoretically less volatile due to further diversification of high-dividend stocks.
If investors have difficulty discerning which are truly "orphaned and widowed", a dividend ETF may be a more suitable option.
In the early years, there was a class of stocks in the U.S. stock market called "orphan and widow stocks", which refers to those widows who have no labor income and pull their children alone, as long as they hold some stocks with little fluctuation and stable dividends, they are enough to raise their children and provide for the elderly.
In the previous in-depth research report, Fengyunjun divided the dividend strategy into three categories, and made a detailed comparative analysis of various strategic fund products.
1. The standard dividend strategy is represented by CSI dividend and SSE dividend;
2. Dividend strategies with investment inclination, such as dividend quality, consumption dividends, SZSE dividends, etc.;
3. Pay attention to defense, and various bonuses are superimposed on low-wave indexes.
Interested friends can click the QR code below to read it for free.
(Source: Market Value APP)
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