29% soaring in 20 days! Bank wealth management rebound is also "crazy"
At the beginning of the Year of the Dragon, the stock market rose vigorously, and the net value of public and private equity funds was also active like a "brown bear awakened from hibernation".
But there is one category of products that also rarely bursts with elasticity. It's bank management.
Under the tide of net worth, some bank wealth management products and active funds have followed the market fluctuations and have recently revealed their true faces.
According to the data of China's wealth management network, bank APP and other platforms, up to now, many banks' equity wealth management has rebounded by more than 10% from the low point of the year, and the net unit value of individual products has even rebounded by nearly 29% in 20 days, which is eye-catching.
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Sky soared 29%
According to the data of China's wealth management network, bank APP and other platforms, the low point of the unit net value of bank equity wealth management during the year mostly occurred on February 5, and the individual low point appeared in mid to late January.
Due to the different progress of disclosure, the latest NAV date of each product may vary.
Judging from the disclosed data, as of February 27, many banks' equity wealth management has rebounded by more than 10% from the low point of the year, and the net unit value of individual products has even rebounded by nearly 29% in 20 days.
Among them, the highest rebound from the low point of the year is Huaxia Wealth Management Tiangong Rikai No. 6 (Micro Disk Growth Low Wave Index) (hereinafter referred to as "Tiangong Rikai No. 6").
On February 7, the net unit value of Tiangong Rikai No. 6 fell to 0.656, and as of February 27, the net unit value of the product rose to 0.8456, a rebound of 28.9%.
Tiangong Rikai No. 6 is a passive index product, and the equity position tracks the corresponding index target in a full replication way, and adjusts accordingly according to the changes in the constituent stocks of the underlying index and their weights. The underlying index of this product is ChinaAMC Wealth Management Micro Cap Growth Low Volatility Index (993201. SSI）。
According to the previous research report disclosed by China Asset Management, the micro-cap stocks in the micro-cap index are defined as stocks with a cumulative circulating market value of more than 98%, and the top 1/3 stocks are selected as index samples considering growth factors and volatility factors.
The sample space of the Micro Cap Growth Low Volatility Index mainly includes the constituent stocks of the A-share Micro Cap Index that meet the following two conditions: first, the average daily turnover in the past month is greater than 10 million yuan, and second, the stock price is higher than 1.5 yuan.
It is worth noting that Tiangong Rikai No. 6, which invests in micro-cap stocks, is not large.
As of the end of 2023, the net asset value of the product is only 2.0152 million yuan. According to the quarterly report, as of the end of the fourth quarter, 94.01% of the positions of Tiangong Rikai No. 6 were equity assets.
Index products outperformed
It is worth noting that, in addition to Tiangong Rikai No. 6, more than 10 products of the Huaxia Wealth Management Tiangong Rikai series index have performed more prominently, and 9 of the 10 have rebounded by more than 10% from the low point of the year.
These index themes include AI Computing Power Index, CSI 1000 Index, Wind Power Index, Advanced Agriculture Index, Digital Infrastructure Index, New Energy Operator Index, Home Building Materials Index, New Energy Storage Index, Precious Metals Index, and Hydropower Index.
In addition, the enhanced net unit value of Everbright Wealth Management's Sunshine Red Preferred 500 Index also rebounded by more than 10% from the year's low
However, as of February 27, among the above-mentioned products, there are 8 Huaxia Wealth Management Tiangong Rikai series index with a net unit value of less than 1. The Sunshine Red Preferred 500 Index also has a strengthened unit net value of less than 1.
"Public offerings" led the rebound
In addition, the net unit value of 8 products also rebounded by more than 10% from the low point of the year.
For example, Ningyao Wealth Management's Ningyao Equity High-quality Growth FOF Strategy Open-ended Product Series Products, Everbright Wealth Management's Sunshine Red Infrastructure Public Offering REITs Preferred No. 1, CNCBI Wealth Management Baibaoxiang Stock Preferred Zhoukai No. 1, Goldman Sachs ICBC Wealth Management Shengxin Junzhi Private Bank Exclusive Quantitative Equity Phase 1, Minsheng Wealth Management Jinzhu FOF One-Year Holding Period No. 1, etc......
Judging from some FOF products, the net value of these products has rebounded due to the sharp rebound of their lock funds.
For example, Minsheng Wealth Management Jinzhu FOF has a one-year holding period of No. 1.
On 5 February, the product's NAV fell to 0.7345 and as of 26 February, it rose to 0.8155, a rebound of 11.03%.
According to the latest annual report of Minsheng Wealth Management Jinzhu FOF one-year holding period No. 1, as of the end of 2023, among the top ten assets of this product, except for one interest rate bond, the rest are public funds.
Choice data shows that from February 5 to February 27, these funds rose by more than 10%.
