年内私募分红逾140亿元 股票策略占比近八成

Core Insights - The A-share market has strengthened this year, leading to increased dividend distributions among private equity funds, with a total of 1,038 products distributing dividends amounting to 14.085 billion yuan [1][2] Group 1: Dividend Distribution Overview - A total of 1,291 dividend distributions occurred this year, with an average dividend ratio of 27.59% across 5,344 products that reported performance [1] - Stock strategy products accounted for 752 distributions, with an average dividend ratio of 31.8%, totaling 10.735 billion yuan, representing 76.22% of the total dividend amount [1] - Multi-asset strategies had 190 distributions with an average ratio of 23.78%, totaling 1.267 billion yuan, making up 9% of the total [1] - Futures and derivatives strategies and bond strategies had similar dividend amounts, with 155 and 140 distributions respectively, totaling 933 million yuan and 880 million yuan, with average ratios of 23.18% and 13.45% [1] Group 2: Factors Influencing Dividend Activity - The increase in dividend distributions for stock strategy private equity products is driven by strong performance, management's intent to control product scale, and the desire to provide investors with tangible returns [2] - Subjective private equity products have been more active in dividend distributions, with 848 distributions, an average ratio of 28.88%, and a total of 9.415 billion yuan, accounting for 66.84% of the total [2] - Quantitative private equity products, despite strong performance, have shown less enthusiasm for dividends, with 443 distributions, an average ratio of 25.24%, and a total of 4.670 billion yuan, representing 33.16% [2] Group 3: Management Scale and Performance - Among private equity managers distributing at least 1 billion yuan, the majority are billion-yuan firms, with 8 such firms, while 2 firms fall within the 2-5 billion yuan range [3] - The highest dividend activity is seen from the billion-yuan subjective private equity firm, Ri Dou Investment, with 14 distributions totaling 2.812 billion yuan [3] - Six billion-yuan quantitative private equity firms also distributed over 1 billion yuan, with Ji Kun Investment and Tian Yan Capital following Ri Dou Investment in total distributions [3]