List of Wealth Management Company Hybrid Products' Net Worth Growth Rate in The Past March (as of January 18)
As of January 18, 2022, there are 7 wealth management companies on the list of mixed products of wealth management companies, namely Huihua Wealth Management, CNCBI Wealth Management, Jianxin Wealth Management, BOC Wealth Management, China Post Wealth Management, BOCOM Wealth Management, and ABC Wealth Management, of which BOCOM Wealth Management, ABC Wealth Management, and CNCBI Wealth Management are listed on the list of 2 products, and the rest of the wealth management companies are listed as 1 product. It should be noted that Huihua Wealth Management's "Huize Open Hybrid Wealth Management Products 2020 001 Issue" has been renamed as "Huize Flexible Allocation Open Hybrid Wealth Management Products", which is still ranked first in the mixed category list. The second-ranked CNCBI Wealth Management "CITIC Wealth Management Firm's Ruiying Dingzheng Steady 24-month Cycle Net Worth RMB Wealth Management Product" is the first product on the list, which is a wealth management product issued by China CITIC Bank in the early stage, which was transferred to CNCBI Wealth Management on November 13, 2021, and the public data shows that the product business started on January 13, 2022, the risk level was level 4 (medium and high), and the November operation announcement showed that the equity position of the product was 55%. In addition, China Post Wealth Management "Postal Bank Wealth Hongyuan Minimum Holding 365 Days No. 1 (Value Advantage)", ABC Wealth Management "'ABC Concentric' Value Selection No. 11 RMB Wealth Management Product", and BOCOM Wealth Management "Boxiang Balanced Allocation Two-Year Closed No. 1 (Private Bank Exclusive) Wealth Management Product" are also new products on the list.
According to the data of Nancai Wealth Management, since the beginning of this year, as of January 19, a total of 134 mixed wealth management products have been issued in the whole market, and 58 wealth management companies have issued a total of 58, accounting for 43.28%. Among them, among the echelons of wealth management companies, the top five wealth management companies in terms of the number of issuances are Jianxin Wealth Management (accounting for 20.69%), BOC Wealth Management (accounting for 17.24%), CMB Wealth Management (accounting for 10.34%), Huaxia Wealth Management (accounting for 10.34%), and ABC Wealth Management (accounting for 8.62%).
In terms of income performance, the exclusive data of Nancai Wealth Management shows that the overall net value growth rate of all hybrid products issued by wealth management companies in the past Three months was 0.758%, the volatility rate was 2.126%, and the maximum drawdown rate was 0.763%.
On January 12, Huihua Wealth Management issued a temporary announcement that it will change the name, abbreviation and investment scope of the "Huihua Wealth Management - Huize Open-ended Hybrid Wealth Management Products 2020 001" wealth management products from January 19. It is worth noting that this change will expand the scope of equity asset investment in the product to stocks listed on the Beijing Stock Exchange.
All kinds of asset management institutions have accelerated the layout of the Beijing Stock Exchange
The Research Group of Nancai Wealth Management found that since the opening of the Beijing Stock Exchange on November 15, 2021, various asset management institutions have accelerated the layout of the Beijing Stock Exchange. Since the entry threshold of the Beijing Stock Exchange for individual investors is "500,000 + 2 years of investment experience", the layout of asset management products on the Beijing Stock Exchange has become the main way for ordinary investors. From the perspective of product issuance, all 8 newly established theme funds of the Beijing Stock Exchange have been over-raised, social security funds and QFII have entered the market for investment, fund companies have intensively announced that their funds can invest in stocks on the North Stock Exchange, and wealth management companies are also stepping up the launch of theme wealth management products.
At present, there are no new themed wealth management products on the Beijing Stock Exchange, and only the investment scope covers the Beijing Stock Exchange
Compared with public funds, wealth management companies enter the Beijing Stock Exchange a little later. Among the wealth management companies, the earlier layout of the stocks of the Beijing Stock Exchange is BOC Wealth Management, and the research group has analyzed the "specialized and special new" series of wealth management products of BOC Wealth Management in the alert financial daily on November 18, 2021, see the related articles for details. The Beijing Stock Exchange mainly provides capital market services for innovative small and medium-sized enterprises, and "specialization and specialization" is one of its important attributes. At the beginning of 2022, BOC Wealth Management has successively launched two "specialized and special" themed wealth management products, namely "BOC Wealth Management - Specialized Special New Departure New Strategy Hybrid (Closed) 2022 Issue 01" and "BOC Wealth Management - Specialized Special New Departure New Strategy Hybrid Class (Closed) 2022 022 Issue". Both products are hybrid, closed-end wealth management products with a risk level of three (medium) and an investment scope covering stocks on the Beijing Stock Exchange. The latter product is currently in the fundraising period, with a performance benchmark of 4.75% for the Class A share and 4.80% for the Class B share, and both product names emphasize the new strategy. Kaiyuan Securities Research Report pointed out that "the fast pace of issuance + high placement ratio + certainty increase triple drive, the Beijing Stock Exchange is expected to become a new source of income enhancement".
In addition, China Post Wealth Management currently has a specialized new theme strategy wealth management product that has been declared.
It should be noted that the proportion of the first batch of 8 SSE theme funds invested in SSE stocks is not less than 80% of the assets of non-cash funds. At present, the "specialized and special new" theme bank wealth management products that have been launched have no such proportion restrictions, and only cover the stocks of the Beijing Stock Exchange in the scope of investment, but it is not necessary to invest in the stocks listed on the Beijing Stock Exchange. As the listed enterprises on the Beijing Stock Exchange are innovative small and medium-sized enterprises, the risk of stock price fluctuations is greater, while the general risk appetite of bank wealth management customers is lower, which leads to wealth management companies being more cautious in launching the theme products of the Beijing Stock Exchange.
There are also wealth management companies that have appeared to start researching listed companies on the Beijing Stock Exchange.
Recent earnings have been underperforming
In terms of income performance, as of January 18, only one of the three products with net worth has been announced by BOC Wealth Management to record positive returns. A recent research report released by Essence Securities pointed out that "from the history of the ChiNext/Sci-Tech Innovation Board and other histories, the short-term index may be adjusted due to valuation digestion, and the overall adjustment of the Beijing Stock Exchange after the opening of the market is small." ”
As of January 18, the cumulative returns of the first batch of 8 theme funds of the Beijing Stock Exchange were all negative, among them, the better performance of the income performance was E Fangda Beijing Stock Exchange Selected Two-Year Fixed Opening Hybrid A, with a yield of -1.05% and a maximum drawdown rate of 1.05% since its inception.
Some of the leading companies in the subdivision industry of the Beijing Stock Exchange are worth paying attention to
The Beijing Stock Exchange focuses on innovative small and medium-sized enterprises, and since the opening of the market, the overall operation of the market has been stable, the original selected listed companies have changed from unlisted public companies to listed companies, and some subdivision industry specialized new leading companies have begun to emerge. As of January 18, there were 84 listed companies on the Beijing Stock Exchange, with a total market value of 260.067 billion yuan and a circulating market value of 102.047 billion yuan. Looking forward to the investment opportunities in the Beijing Stock Exchange market in 2022, Zhongtai Securities Research Report pointed out: "The market space matching the high-prosperity industry and capacity expansion will bring high-speed growth opportunities". The report also screened out four sub-sectors of the Beijing Stock Exchange with faster average performance growth: new energy, Internet of Things & intelligence, environmental protection new materials, and digital medicine. In addition, on January 7, the CSRC issued the Guiding Opinions on the Transfer of Listed Companies on the Beijing Stock Exchange, which clearly pointed out that the transfer does not require the approval or registration of the CSRC, and the policy is favorable to the listed companies on the Beijing Stock Exchange, which also means that the first transfer enterprise will be released soon.
The Research Group of Nancai Wealth Management selected 5 new financial products for reference. According to the data of Nancai Wealth Management, in the recent new wealth management products of a number of wealth management companies, Ningyin Wealth Management 'Qinning Fixed Income Class Zhoukai Wealth Management No. 1 (the shortest hold of 300 days)' is worthy of attention. The operation mode of the product is open-ended net worth, the investment nature is fixed income, and the funds are mainly distributed to fixed income assets such as bonds. The performance benchmark is 3.2%-6.6% for medium-risk products.
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