股票基金红利再投资比例的实证研究

Empirical Research on the Dividend Re-investment Ratio of Open-ended Stock Fund

开放式基金"红利再投资比例"指的是基金分红时,投资者以红利再投资方式进行的收益分配占总收益分配的比例。红利再投资比例的研究可以为基金制定正确的分红策略提供依据。文章通过对股票型开放式基金红利再投资比例的研究,发现基金份额、基金存续时间与基金红利再投资比例正相关。这说明基金持有人对基金管理人越有信心,基金持有人投资基金的时间越长,则选择红利再投资的可能性就越大。

The Dividend Re-investment Ratio,or DRIR is the ratio of the dividend reinvested to the mutual fund to the total dividend payout.The study of DRIR is beneficial for setting suitable dividend policy of mutual fund.According to the research,the total fund share and the duration fund are positive correlated with the DRIR.The more confidence the fund holders have for fund managers,the longer they will invest in fund,the higher the DRIR is.