High dividends make seal mad chicken

The author Yang Sheling yesterday, the Shanghai and Shenzhen two 51 closed-end funds floated all over the red, together out of up to 5.57% of the gains, coupled with yesterday's 3.75% increase, the closed-end fund for the second consecutive day has been close to 10%.　　Yesterday, the fund Silver Fung (1.851,-0.03,-1.75%) to 9.79% of the first, followed by the Kaiyuan also has 9% of the gains, the least of the XD Rui also out of the 0.82% rise in the market. Why did closed-end funds come out of a surprising wave of the first trading day of the second quarter?　　In the hands of a reporter to get a copy of yesterday Galaxy Securities Galaxy morning meeting minutes, the chief Fund analyst Huli in the title of "Bull Big dividend big right, 25 billion dividend let closed-end funds" Fly up "article analysis that this is due to the beginning of April closed-end fund dividends. From April 2 to 16th, closed-end funds every day have hundreds of millions of dollars, or even 1 billion of thousands of dividends to the account.　　Since the majority of the buyers of closed-end funds are institutional investors, and the institutions hold closed-end fund accounts are dedicated accounts, the dividend income of the account is generally not used for other purposes-generally can not be used to buy stocks or open-end funds, either transfer the dividend return funds, or continue to buy with dividends. "We judged the majority to continue buying with dividends," he said. Much of this 25 billion-dollar cash dividend will continue to buy more ' cheap ', higher-discount seal after the power is removed. Cash dividend is the direct source of funds to promote the right to fill the market.　　 　　Huli wrote in the article. Take the fund Uperform (1.406,-0.05,-3.30%) as an example,　　April 3 to the 10 share of the fund to distribute cash dividends of 3.450 yuan, the total distribution of cash dividends of 1.035 billion yuan, in addition to the right, the price from 1.702 to 1.375, and after today's rally, the price has been basically returned to the price before the dividend. "There are about 25 billion dollars in cash bonuses in the last half of the month. and closed-end funds in a week of the total amount of transactions in recent no more than 10 billion yuan, cash dividend greatly exceeded the transaction amount.　　Huli analysis.　　Also from Everbright Securities, a report data show that 34 funds have been dividends and notice total dividend has reached 16.66 billion yuan, more than 2005 closed-end funds 1.113 billion yuan dividend total year-on-year surge 1400%. Data show that the published income distribution Bulletin of the closed-end funds, the most dividend for the Yifangda fund Company's Fund branch (2.440,-0.02,-0.93%), each 10 share dividends for the fund is 7 yuan. In addition, the fund Kaiyuan (2.000,-0.07,-3.38%), the fund Loong (1.557,-0.07,-4.48%), the fund Tian Hua (1.380,-0.08,-5.41%), the fund Yuhua (1.965,-0.05,-2.53%), the fund Tianyuan ( 1.714,-0.02,-1.04%), fund Yuyang (1650,-0.03,-1.96%), the fund Youze (1.634,-0.03,-1.80%) 7 fund each 10 share dividend also in 4 yuan, the Least fund long Yuan (2.180,0.04,1.63%) each 10 share dividend also has 1 yuan,　　Total dividends of 34 funds amounted to 16.66 billion yuan. In 2005, there were only 16 closed-end fund dividends. Among them, the most dividend is also the fund branch, but every 10 funds dividends only 1.5 yuan, the least of the fund yuhua every 10 cents only 0.05 yuan. The total dividends of 16 funds amounted to 1.113 billion yuan.