The first anniversary of the pension fund|85,000 stable investors with 900 million funds have a floating loss of more than 9 million a year, and GF Stable Pension and Ping An Pension 2030 have the largest losses
Since November 25 last year, the individual pension fund has been on sale, and now in the past one year, how has the performance of each one?
Up to now, 51 fund companies have entered the layout of individual pension funds, and the first batch of pension funds approved in November 2022 was 129, and as of December 11, 2023, the number of pension funds has expanded to 174, with a total scale of 5.187 billion yuan at the end of the third quarter.
Individual pension funds are divided into two categories of products, pension target date FOF and pension target risk FOF according to the type, different fund companies issue different product ideas, some according to the retirement date to give 2025, 2030, 2035, 2040, 2045, 2050, 2055 corresponding products, and some are divided into three types of stability, balance and positive according to the type of risk. In addition, each pension fund is basically divided into three categories according to the one-year, three-year and five-year holding period, which roughly corresponds to different risk levels, and the proportion of stocks and bonds invested is also different. We classify all pension products according to the classification criteria of one-year, three-year and five-year holding period, and examine their performance in the past year. The data cut-off date is December 11.
On a performance benchmark, products with a "one-year" or "stable" name have a 2:8 ratio of investments in stocks and bonds, products with a name of "three-year" or "balanced" have a ratio of approximately 5:5 in stocks and bonds, and products with a "five-year" or "active" name have a ratio of about 8:2 in stocks and bonds.
The actual purchase situation is related to the promotion of each family, the best selling products of Huaxia Fund are Huaxia Pension 2040 three-year Y, Huaxia Pension 2045 three-year Y, a total of 811 million yuan sold;
From the perspective of the scale of products sold, the current scale of one-year products is 914 million yuan, the scale of three-year products is 2.928 billion yuan, and the scale of five-year products is 1.345 billion yuan.
Three-year/balanced pension fund performance "wiped out"
The table below summarizes the performance of 75 three-year/balanced pension funds. Excluding products that have been established for less than a year, the performance has been "wiped out", and the Invesco Great Wall Stable Pension managed by Xue Xianzhi, which has a yield of -0.66% in the past year, is actually the best performance. There are 20 products that have just been established and have not yet been scaled. 55 products have negative returns in the past year, among which Xu Liming of China AMC Fund and Su Xin of Minsheng Jiayin Fund have the lowest product performance.
Combined with the scale and performance, according to statistics, China AMC, China Southern Fund and E Fund have caused floating losses of more than 100 million yuan to investors since the establishment of the three-year pension fund. China Europe Fund, ICBC Credit Suisse Fund, and GF Fund are all in the forefront of floating losses. 75 stable individual pension funds manage 2.928 billion yuan, and the floating loss amount has exceeded 200 million yuan since its establishment.
In terms of products, the Huaxia Pension 2040 Three-Year Y managed by Xu Liming, the Huaxia Pension 2045 Three-Year Y, the CEIBS Foresight Pension 2035 Three-Year Y managed by Sang Lei, and the ICBC Pension 2035Y managed by Jiang Huaan are in the forefront. It is worth noting that among the 4 products managed by Xu Liming, a fund manager of ChinaAMC, after removing the newly established 1 product, the remaining 3 products have a floating loss of more than 80 million yuan.