Sudden surge! The reason has been found! Increase your position by 50 billion at the low point, and the bull market starts?

GUIDE

summary

1. Today, the GEM index rose by more than 3%, recovering 2,000 points, and the Shenzhen Component Index rose by more than 2%, recovering 10,000 points. Bull market start?

2. The latest annual report card of the pension fund has been released. According to the data, in 2022, the investment income of the basic pension insurance fund entrusted by the Social Security Fund will be 5.105 billion yuan, with an investment return of 0.33%. Increase the position by 50 billion yuan at the stage low.

3. On the first anniversary of the launch of the personal pension pilot, what is the income of the pension FOF fund?

The truth is vernacular, and financial management is not against your heart

--This is the 1024th Vernacular Finance--

Today's A-shares are full of one word, up!

The GEM index rose by more than 3%.

(Image source: Oriental Fortune APP, as of 2023/11/6, no investment recommendation)

On the market, the securities sector rose 4.47%, and the game sector continued to play in "Over! I'm surrounded by beautiful women! rose 5.45%.

According to the news of the producer Hippo Games, in view of the blank market for women, preparations have been made for the next new work "Finished 2!" I'm surrounded by handsome guys! 》。

In terms of the rise and fall of popular indexes, CS New Energy Vehicle rose 3.59%, PV Industry rose 3.18%, CSI Medical rose 2.85%, Semiconductor rose 1.99%, and CSI Liquor rose 0.01%. (Data source: Oriental Wealth Choice data, as of 2023/11/6, no investment recommendation)

01

The reason for the sharp rise in A-shares, the start of the bull market?

02

The latest report card of the pension fund is out

On November 4, the National Council for Social Security Fund released the latest annual report card of the basic pension insurance fund.

According to the data, in 2022, the investment income of the basic pension insurance fund entrusted by the Social Security Fund will be 5.105 billion yuan, with an investment return of 0.33%. Although the yield is not high, it still outperforms the Shanghai Composite Index, which fell 15.12% over the same period. (Data source: Oriental Wealth Choice data, official website of the National Council for Social Security Fund, statistical interval: 2022/1/1~2022/12/31, no investment recommendation)

Since the end of December 2016, the social security fund has been entrusted with the management of the basic pension insurance fund, the total equity of the fund entrusted by the social security fund is 1.62 trillion yuan, the cumulative investment income is 267.082 billion yuan, and the average annual investment rate of return is 5.44%.

(Data source: Oriental Wealth Choice data, official website of the National Council for Social Security Fund, statistical interval: 2017/1/1~2022/12/31, no investment recommendation)

The social security fund and the basic pension insurance fund are both long-term sources of funds in the market, which are of great significance for stabilizing social expectations and economic growth.

The relevant person in charge of the Social Security Foundation said that in 2022, the Social Security Foundation will steadily respond to the complex situation of large fluctuations in the capital market, and carry out investment operations and risk management prudently and steadily.

First, according to the nature of the basic pension insurance fund with high security and liquidity requirements, we have always adhered to the moderate proportion of medium and long-term strategic allocation of equity assets, and according to the changes in the macroeconomy and capital market, the proportion of tactical allocation has been reduced, and the proportion of equity assets allocated throughout the year is relatively low, so as to avoid short-term market fluctuations to a certain extent. At the same time, it has adhered to a higher strategic allocation ratio of fixed income assets for a long time, and played a more obvious role as a stabilizer in the overall downward range of the market.

Second, in the actual investment implementation process, in the face of unexpected fluctuations and drawdown pressure in the capital market, we have always maintained strategic focus, firmly optimistic about the long-term allocation value of domestic stocks, and seized the phased lows of multiple markets to decisively increase positions by 50 billion yuan, which not only increased the income of the year, but also laid the foundation for obtaining long-term higher returns.

The third is to give full play to professional advantages, continue to enrich the strategic product system, motivate managers to contribute excess returns, and at the same time strengthen the supervision and management of managers, seize the structural investment opportunities in the market, and achieve better returns beyond the market. Fourth, in the process of carrying out investment operations, risk prevention has always run through the process of asset allocation and investment execution, and the multi-level internal control and risk control system has been improved, so as to firmly maintain the bottom line of no major risks.

03

The first anniversary of the launch of the personal pension pilot

Basic endowment insurance, enterprise annuity, occupational annuity and personal savings endowment insurance constitute the three pillars of the mainland endowment insurance system, and in the third pillar, personal pension is an important component.

Different from basic endowment insurance, personal endowment is a supplementary endowment insurance system supported by the government, voluntarily participated by individuals, and operated in a market-oriented manner.

Unknowingly, it has been a year since the pilot launch of the personal pension system in November 2022, during which the number of personal pension accounts opened and the number of investable pension FOF fund Y shares have grown rapidly.

According to the latest data released by the AMAC, as of September 28 this year, the number of individual pension fund products reached 161.

In terms of scale, the total scale of these 161 funds as of the end of the third quarter was 5.187 billion yuan, an increase of 158.57% compared with the total of 2.006 billion yuan of 129 products at the end of 2022. (Data source: Choice data, statistics as of 2023/9/30, no investment recommendation)

So how do these products perform?

Judging from the returns of the funds established last year, less than 10 products have reaped positive returns since their inception.

(Data source: Oriental Wealth Choice data, Galaxy Securities, statistics as of 2023/11/3 since its establishment, the relevant risks of specific funds, fund manager changes, etc., are detailed in the legal documents and announcements of each fund, historical data does not represent the future, and no investment recommendation is made)

China Asset Management said that from the perspective of product operation, the current fund Y shares included in the personal pension are pension FOF, which mainly invest in stock funds, bond funds, etc., while allocating a certain proportion of bonds and equity assets, diversified allocation is conducive to diversifying risks, reducing portfolio volatility, and pursuing a more low-volatility and stable investment experience. Looking back on the market since the third quarter of this year, in the repeated pull of reality and expectations, A-shares have experienced back and forth, looking back on the past year, the CSI 300 and FOF fund indexes have experienced varying degrees of volatility and decline, and the assets invested by the fund themselves are also fluctuating, so the net value of the pension FOF fund will inevitably be affected and fluctuate.

However, in the long run, compared with the partial stock and mixed fund index, the FOF fund index is more silky, the ability to control the drawdown is stronger, as a pension FOF fund, it will also be more aimed at long-term stable income, rather than the pursuit of short-term high returns.

(Data source: Oriental Wealth Choice data, statistical interval: 2018/2/22~2023/10/31, historical trend does not predict future performance, no investment recommendation)

At present, there are two main types of pension FOF funds, one is the pension target fund, that is, some of the names will have 2030, 2050 and other specific dates of the fund, this kind of fund at the beginning of the allocation of more equity assets, as the target date approaches, gradually reduce the proportion of equity, you can choose this type of fund according to your retirement date.

There is also a type of target risk FOF fund, which generally has the words "active", "balanced" and "stable" in the name of the fund, which is more suitable for some small partners who pursue high returns and have a long time before retirement, and can choose according to their needs for investment style.

China Asset Management said that from the perspective of historical data at home and abroad, equity assets are the key to ensuring that the return on pension assets is maintained at a reasonable level. As an improved personal pension, we should strive to share the dividends of capital market development from a more long-term perspective, and are expected to obtain more excess returns and achieve asset appreciation and preservation.

Pension investment is not a 100-meter sprint, but a marathon, not in the short-term returns, but in the accumulation of long-term compound interest. If you want to add a layer of security to your pension life, you can open a pension fund account in the pension area of the Tiantian Fund APP with one click and choose a fund suitable for you to invest.

(Image source: Tiantian Fund APP, only operation guide, not investment recommendation)

04

Is the market likely to usher in a new bull market?

Take the pulse of the market, welcome to pay attention to the Oriental Fortune Network!

disclaimer

The cover picture of the article comes from Panorama.com, and the above views come from relevant institutions, and do not represent the views of Tiantian Fund, and do not guarantee the accuracy and completeness of the views. Yield data is for reference only, past performance and trend style are not indicative of future performance and do not constitute investment advice. The relevant views quoted are from relevant institutions or public media channels, and do not represent the views of Tian Tian Fund. Tian Tian Fund does not make any guarantee for the accuracy and completeness of the views, and investors operate accordingly at their own risk. The market is risky, regular investment is risky, and investment needs to be cautious. The above content is for reference only, the article involves individual stocks, does not constitute stock recommendations and investment advice, the stock market fluctuates greatly, please operate cautiously before purchasing. The mainland fund has been in operation for a short period of time and cannot reflect all stages of the development of the stock market. The fund manager does not guarantee the profitability and minimum return of the fund, and the performance of other funds under its management does not constitute a guarantee of the performance of the fund. The past performance of the fund and its net value are not indicative of future performance, and the full performance can be found on the product details page. There is a risk of income fluctuation in fund products, and investors should agree to the principle of "buyer bears their own responsibility" when making fund investment decisions, and the investment risks and losses caused by changes in the operation status of the fund and the net value of the fund shall be borne by the fund investors after making the fund investment decision. Investors should carefully read the Fund Contract, Prospectus and other legal documents of the fund to confirm that they know and understand the product features and related risks, and have the corresponding risk tolerance. The market is risky and investors should be cautious.

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