Since the beginning of this year, nearly 40 bank wealth management products "exit" in advance

Original title: Why do some wealth management products "exit" in advance

Some banks' wealth management products "exit" in advance, causing market attention and hot discussion. According to incomplete statistics, since this year, large -scale commercial banks, joint -stock commercial banks, and urban commercial banks have all appeared in earlier wealth management products, with a cumulative number of nearly 40.

Some bank wealth management products "exit" in advance are normal market behaviors. The main reason is to stop losses in time, and investors do not have to be too nervous about this. It is not difficult to analyze the announcement of wealth management products. The main reasons for the early termination of the product are three, and the core is to stop loss in time. Specifically, one is that the manager of wealth management products believes that due to the inaccessible market factors in the future, it is more beneficial to the product operation in advance than maintaining the product operation. The net value of this product fluctuates a lot. A large number of investors "voted with their feet" redeemed funds, resulting in a decline in the size of the product. In order to avoid relevant losses, the manager terminated the product in advance.

In the future, the "exit" of wealth management products may happen in advance, and investors should be rationally treated and judged rationally. The key is to clarify the "new logic" of bank wealth management products. After the release of the new rules of asset management in April 2018, the bank's wealth management began to transform and rectify in order to prevent financial risks and regulate market development, and generally converted to net worth products, and the changes in net worth close to the market were "rising or falling." Entering the beginning of 2022, most bank wealth management products were rectified, and investors also clearly felt the fluctuation of net product net value for the first time. Especially in March this year, due to the short -term adjustment of the domestic and foreign rights markets, some wealth management products have suffered losses and even fell below net worth.

To some extent, investors buy wealth management products and buy product managers' investment capabilities. The essence of bank financial management is "entrusted by people and obedient wealth management". From a legal perspective, it is a trust relationship. To put it simply, investors hand over the funds to professional investment managers and let their agents make investment decisions themselves. Regardless of the profit or loss of investment, the investor shall be borne by the investor and the manager charges management costs. It can be seen that when investors buy wealth management products, they must pay close attention to the management ability of the manager. They must not follow the concept of capital protection, let alone "buying financial management."

Next, the bank wealth management market must work hard from two aspects. On the one hand, bank wealth management subsidiaries must continue to improve their investment research capabilities. The core of financial management is assets, and the core of assets lies in allocation management. In order to attract and retain investors, bank wealth management subsidiaries must use diversified asset allocation and restructuring the competitiveness of wealth management products. On the other hand, we must unswervingly protect investors' legitimate rights and interests. In particular, we must pay attention to the proper management of investors. Financial institutions cannot sell high -risk products to investors with low -risk tolerances for the consideration of the performance.

Finally, to admit that compared with the leading asset management institutions in the international market, there is still a certain gap in the investment and research capabilities of my country's banking financial management. Therefore, both financial institutions and investors must give a certain degree of tolerance on the phenomenon of "exiting" in advance of wealth management products to provide time for the standard and maturity of my country's bank wealth management market. Next, we look forward to the market's more patience, financial institutions to speed up their internal skills, investors adhere to a rational mentality, and promote the continuous improvement of my country's asset management market with various efforts of various parties.

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