Bonus fund: a stock fund that invests in stocks with high dividends and other stocks with investment value to obtain stable current income and long-term appreciation of fund assets. Everbright Bonus Fund, Yimin Bonus Fund and Huaxia Bonus Fund have all performed well recently. Since mid-May, Huaxia Bonus Fund has been officially issued in the national market. The fund has been marked as the first dividend-paying fund in China, focusing on listed companies with high dividend yield and stable dividends. In fact, in April, starting from the Franklin China Income Fund of Guohai, including the dividend-increasing and profit-increasing hybrid fund under the League of Nations Fund, three funds with dividend share as the core investment object have been issued continuously, and the fund industry has begun to explore the concept of dividend share. Huaxia Fund highlights the concept of dividend shares. Zhang Hong, Deputy General Manager of Fund Operation Department of Huaxia Fund? It is said that Huaxia Bonus Fund products are innovative products that combine the realistic background of China stock market and the needs of customers. It is understood that Huaxia Bonus Fund will mainly choose listed companies with good cash dividend paying ability, financial health, great long-term growth potential and reasonable market valuation for investment. Regarding the definition of bonus shares, Huaxia Bonus Fund defines bonus shares as stocks that have paid dividends twice or more in the past three years.

Relevant persons of Huaxia Fund believe that the investability of dividend-paying stocks in China is mainly manifested in the following aspects: First, the dividend yield is high. Since 2000, the number of dividend-paying stocks in China has increased from more than 300 to more than 600, and the average pre-tax dividend yield weighted by market value is stable at around 1.6%, which is always higher than the average level of A shares. Second, the industry distribution of dividend stocks is basically consistent with the overall industry distribution of A-share market, and investment in dividend stocks can cover the overall industry characteristics of A-shares; Third, the average earnings per share, operating cash flow per share and other indicators are higher than the average level of A shares, indicating that its operating performance is better than the overall level of A shares, with abundant cash flow, good profitability and growth. ?