According to Wind data, as of August 24, out of more than 640 dividend-themed funds in the market, over 300 products had a net worth growth rate of more than 10% since July; however, there were still more than 50 products with negative returns over the same period, and 9 retraced more than 10%. The difference in initial and final performance was large, and internal differences were significant. After careful analysis, the core of performance differentiation lies in the “contraction circle” and path shift of the position structure. The net worth of funds in upstream resource sectors such as heavy coal, non-ferrous metals, petroleum and petrochemicals rebounded sharply, while the excess income contributed by heavy stocks such as chemicals, consumer goods, and non-bank finance to the fund was relatively lackluster. Looking ahead to the future market, some industry insiders said that as the allocation value gradually becomes apparent, dividend assets are expected to usher in excess returns in the second half of the year. Procyclical dividends and assets with stable cash flow and high dividend rates, such as coal, non-ferrous metals, and petrochemicals, are still important areas of concern.

According to Wind data, as of August 24, out of more than 640 dividend-themed funds in the market, over 300 products had a net worth growth rate of more than 10% since July; however, there were still more than 50 products with negative returns over the same period, and 9 retraced more than 10%. The difference in initial and final performance was large, and internal differences were significant. After careful analysis, the core of performance differentiation lies in the “contraction circle” and path shift of the position structure. The net worth of funds in upstream resource sectors such as heavy coal, non-ferrous metals, petroleum and petrochemicals rebounded sharply, while the excess income contributed by heavy stocks such as chemicals, consumer goods, and non-bank finance to the fund was relatively lackluster. Looking ahead to the future market, some industry insiders said that as the allocation value gradually becomes apparent, dividend assets are expected to usher in excess returns in the second half of the year. Procyclical dividends and assets with stable cash flow and high dividend rates, such as coal, non-ferrous metals, and petrochemicals, are still important areas of concern.