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
The first anniversary of the pension fund|The three-year/balanced pension fund was "wiped out", with a floating loss of 2.9 billion yuan and a floating loss of more than 200 million yuan, and a floating loss of more than 80 million yuan in the three products managed by Xu Liming
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 932 million yuan, the scale of three-year products is 2.928 billion yuan, and the scale of five-year products is 1.326 billion yuan.
Five-year/aggressive pension fund performance "wiped out"
The table below summarizes the performance of 24 five-year/active pension funds. Excluding the products that have just been established this year, the performance has been "wiped out", and there are 13 products that have just been established this year, and the scale has not yet started. The remaining 11 products have negative returns in the past year, among which the performance of products managed by Sang Lei of China Europe Fund and Li Xiaoyi of China Asset Management is the bottom. CEIBS foresees a loss of 19.51% in the past year in the past year, managed by CEIBS Fund Sang Lei.
Combined with the scale and performance, according to statistics, 24 active individual pension funds manage 1.326 billion yuan, and the floating loss amount has exceeded 130 million yuan since its establishment. ICBC Credit Suisse Fund, China Europe Fund and Industrial Securities Global Fund have caused floating losses of more than 100 million yuan to investors since the establishment of the five-year pension fund.
In terms of products, CEIBS foresees the 2050 Five-Year Y managed by Sang Lei of CEIBS Fund, the 2050 Five-Year Y of Huaxia Pension managed by Li Xiaoyi of China Asset Management, and the Harvest Pension 2050 Five-Year Y jointly managed by Tang Tang and Zhang Jing of Harvest Fund are in the forefront. It is worth noting that CEIBS foresees a loss of 19.51% in the past year and a loss of more than 50 million in the past year.