The key is what made AUM increase; appreciation, new money or a combo. A lot of the increase in fund companies' AUM this year were primarily a result of appreciation. That is fine in the short term, but longer term, it is imperative to attract new assets. ETFs and other investment options are negatively impacting the mutual fund industry.
Risk v Reward?
"The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive China Financials Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to measure the equity performance of the investable universe of companies in the financials sector of the Chinese economy. The fund is non-diversified."
I do not expect BEN to pay a special div this year, but we will know for sure soon. BEN has a history of periodically paying a special div:
If not for tax law changes, BEN (and alot of other companies) may not have paid a special div last year.
Of course, while we're on the topic of dividends, I'll make my periodic rant: why not simply pay a decent QUARTERLY dividend like TROW et al???