Firstly, it introduces the definition of fund dividend, which means that the fund returns a part of its net assets to investors in the form of dividend. Investors can freely choose whether to continue to invest in the Fund in the form of cash or dividend reinvestment. Hearing the word "dividends", some citizens' first reaction was: Great, they made money. Some citizens even buy funds before dividends, hoping to get dividend income. however
For example, if Xiao Wang has a fund with 1 1,000 shares and the current net value is 1 yuan, then the value of holding the fund is 1 1,000 yuan. The fund company announced dividends, and each dividend went to 0.2 yuan. After dividends, the net value of the fund unit dropped to 0.8 yuan (1-0.2), and now the value of the funds held by Xiao Wang is 800 yuan (0.8* 1000) and 200 yuan (0.2* 1000). Therefore, the dividend is only to split the fund assets of 1 1,000 yuan before the dividend into 800 yuan's fund and 200 yuan's dividend. Correspondingly, the net value of the fund is reduced, which is somewhat similar to stock dividend. But unlike stock dividend, stock dividend (cash dividend) is an extra part of cash payment of listed companies, while fund dividend is extracted from the net assets of the fund. These benefits originally belonged to investors, even if there is no dividend, this part of the benefits will be reflected in the net value. The basic people did not increase their income because of dividends. The more dividends, the better. So, what impact does the fund dividend have on the fund operation? Mainly reflected in the following two aspects: First, the scale and net value of the fund will change. Dividends are part of the fund's net assets. If some citizens choose cash dividends, the size of the fund will decrease after cash dividends, and the net value will also decrease with ex-dividend after dividends. Second, dividends have an impact on stock positions. According to the Measures for the Operation and Management of Securities Investment Funds, a fund holds shares of a listed company, and its market value shall not exceed 65,438+00% of the fund's net asset value. The decline in the size of the fund after dividends may lead to the stock positions that originally met the investment ratio exceeding the upper limit after dividends. Therefore, fund managers may adjust their position structure simultaneously when selling stocks for cash dividends. In fact, fund dividends are conditional, and you can divide them if you want.