高股息热潮下的冷思考！从默默无闻到清盘终结，国联智选红利基金经历了什么？

Core Viewpoint - The Guolian Smart Dividend Fund has announced its liquidation, surprising many as high-dividend funds are currently popular in the market [1][8]. Fund Performance and Comparison - The fund was established in March 2018, during a time when the market was not as enthusiastic about dividend strategies, leading to its underperformance compared to peers [3]. - Year-to-date performance shows a gain of 4.10%, while the average of similar funds is 9.12% [4]. - Over the past year, the fund has gained 11.74%, but this is significantly lower than the average of 21.19% for similar funds [4]. - The fund's total assets were only 0.11 billion yuan as of the end of Q1 this year, which is considered a critical threshold for public funds [7]. Fund Liquidation Process - From June 5 to July 8, Guolian Fund held a meeting with fund shareholders, which resulted in the approval of the fund contract termination [8]. - The liquidation process does not mean total loss for existing investors, as they will be redeemed at the net asset value at the time of liquidation [10]. Market Context and Implications - The current popularity of dividend-themed funds contrasts sharply with the fate of the Guolian Smart Dividend Fund, highlighting the importance of actual performance and effective marketing in the fund industry [9]. - The situation serves as a warning to investors that not all products with popular labels are worth investing in, emphasizing the need to consider the fund company's strength and historical performance [9].