1. Dividends are not determined based on the net value of the fund's shares, but are generally determined based on the fund's investment status, that is, whether real returns are achieved. Therefore, a high net value does not mean that the fund will pay dividends.

Fund managers may decide whether to pay dividends based on the status of the stocks they hold. If the stock price has reached a certain height and the stock valuation exceeds a reasonable level, the fund manager may sell these stocks and hold enough cash.

Qualified for dividends.

2. In a unilaterally rising market environment, a large proportion of dividends may affect performance.

If it is a volatile market or a bear market with unilateral decline, dividends can allow investors to realize their profits and reduce investment risks.

Therefore, most fund companies will choose to pay large proportions of dividends in volatile markets. For example, last time Everbright Prudential New Growth Fund chose a high and volatile market environment of 3,900 points to pay high proportions of dividends. On the one hand, it can actively reduce positions and at the same time continue marketing with the help of dividends.

, raise new funds to prepare to build a position on dips.

Therefore, in the current market environment, a large proportion of normalized dividends is a win-win result for fund companies and investors.