Domestic fund investors generally suffer from "acrophobia". When the net value rises to a certain extent, they are worried that it will not go up and consider selling it. Therefore, if the net value of the fund rises to a certain extent, they may face a large number of fund redemptions. In order to maintain the scale of the fund and comfort the panic of investors, the fund manager will also adopt the dividend method to reduce the net value of the fund.

Therefore, from this perspective, the fund's dividend is more of an operational strategy than a standard for judging performance.

Some people think that the fund can buy a cheaper fund after paying dividends, and the income of the fund is calculated according to the relative value. It is not that the cheaper the fund you buy, the more you earn. The amount of income depends on the growth of the fund's net value after you buy it. Fund dividend is to convert some stock positions into cash and then pay dividends to the original holders, which is equivalent to reducing stock positions, that is to say, the net value of the fund will not rise too fast or even lower than the same level for a period of time after dividends.

If you choose to reinvest, it really doesn't make any sense for you to pay dividends or not, because your funds have been converted into shares and returned to the fund market.

There are professional statistics to compare the overall income of several funds that like dividends and those that don't. The data shows that the total income has little to do with the number of fund dividends or share dividends.

It really doesn't matter whether the fund pays dividends or not, but if it is a huge dividend, you should be careful to understand the fund. Our core concern is whether the fund manager can bring us more money. His operating strategy and style, as well as the characteristics of the fund itself, meet our current investment needs.