Portfolio Management and Wealth Planning【Session17 - Reading 42】
FQ global fund is a US fund with investments in European equity and was valued at 102 million as of January 1, 2006. During the first quarter of 2006, dividend income paid out by the fund was 2.3 million. The fund was valued at 105.10 million as of March 31, 2006. During the quarter, the Euro appreciated by 2% against the U.S. Dollar. What is the dividend yield on the fund in local currency?
Dividend yield in local currency = 2.3/102 = 2.25%. |