The new "solid income+" product is coming!Guangfa Fund, Bodao Fund, etc.

I still remember that recently, there were news in the industry that a number of fund companies received the window guidance, which further clarified the investment scope and publicity of the "solid income+" funds. This ratio cannot be promoted with "solidarity+".

Recently, the reporter was informed that the first batch of specified "solidaries+" products were approved, and the Guangfa Fund, Bodao Fund, and other products were all listed. In addition, there are also new requirements for the appointment of fund managers. Fund managers must have more than one year of investment and research experience.

New "solid income+" products are approved

Recently, many fund companies have new "solidaries+" products approved. The reason why they are called new products is that these funds have clear investment scope and investment ratio. Investment ratios such as debt and payment can be limited to 10%to 30%.

Not long ago, it was reported that many fund companies received window guidance and asked for the mixed debt -mixed fund with a ratio of more than 30%of the stock asset ratio, and they could not promote it as "solidaries+" products in the future.

Some insiders in the fund industry said, "I just put forward a statement or requirement that everyone promised to write this in the product reporting stage.

In addition, from the situation of the reporter's understanding, the products approved this time are the holding -off product, and the holding period is basically ranging from half a year to one year.

Tan Hui, chief product of Bodao Fund, told reporters on September 1 that he took the latest approval of Bo Dao and Ruidu's stable 6 months to hold a hybrid fund as an example. Credit sinking, systematic management of liquidity risk, interest rate risk, and the risk of fluctuations in stocks. In addition, the original defensive factors in its asset allocation model can also dynamically monitor the market, and early warning may occur at the risk of tail risk to prevent "double kill of stocks and debt."

Fund manager has new requirements

In addition, in addition to the requirements of the investment ratio, according to the reporter's understanding, recent supervision has also put forward new requirements for the appointment of fund managers.

A fund company said, "It is necessary to have more than one year of investment and research experience. If there is only a fund manager with pure debt management experience, it will not work."

"At the time of the product review, the supervision allowed us to add materials in the management experience of fund managers. The fund manager of our product had previously had the management experience of hybrid funds and secondary debt -based bases." The fund company personnel further said.

In fact, the investment scope of "solidaries+" products has always been controversial. The market usually attributes the secondary debt -based and partial debt mixed funds to the category of "solidaries+", especially in many product contracts. Although many product contracts The upper limit of the investment ratio of the stock, but the assets of "stocks" such as convertible bonds are included in bond assets and are not limited by the upper limit of the above stock investment ratio. The funds of funds have a high position and increased volatility, which deviates from the original intention of "solidarity+".

Especially since this year, some so-called "solidaries+" products, the net value retracement is equivalent to a hybrid fund, "solid income+" has become "equity-" to a certain extent. Judging from the data of the first half of this year, the scale of "solidaries+" funds has increased negative growth.

Although the scale of the scale has the impact of the net value retracement, it is also an indisputable fact that the impact of the new distribution is far less than the impact of redeeming redemption. The negative growth of the industry's "solid income+" mainly comes from investors' redemption.

The above -mentioned fund companies said that "this time the" solid income+"products have been strictly new, such as the total assets and stocks such as convertible bonds and stocks are limited by 10%to 30%. The risk income characteristics and product positioning are clearer, and the products that do not meet the above standards cannot be promoted by the "solid income+'product positioning. This specification is convenient for customers to select adaptive products, so that the" solid income+' product returns to the return of the product to the return of the product. At the beginning, it is suitable for an important configuration as a family asset basket. "

Daily Economic News

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