There are recreational recreation ｜ How to raise from "old -fashioned" to the old "good"?

As the only thing that cannot be escaped in the market is' risk ', the inevitable life is' Old ". The growth of the per capita growth of the economy has also deepened China's aging.

According to the seventh national census data, the current population of 60 and over my country has exceeded 264 million, accounting for as high as 18.70%, and 30 of the 31 provinces have a proportion of 65 years old and above. Among them, the proportion of the population of 65 and over the age of 12 provinces exceeds 14%.

When the "silver wave wave" comes on the face, how to make the sunset of the elderly even more popular? Personal care products may help.

At present, my country has initially established the "three pillars" including basic pension, corporate annuity, and personal savings endowment insurance and commercial endowment insurance. The first pillar is the basic pension insurance of the country, and it is also our most familiar enterprise employee pension insurance, urban and rural residents endowment insurance, etc.; The second pillar is the unit supplementing pension insurance, including corporate annuity and occupational annuity; the third pillar is the individual savings. Pension.

However, the intergenerational differences caused by history have made our social security fund pool a certain gap. One or two pillars still face two problems. One is the huge social pension insurance and the corporate annuity fund pool against the value preservation and appreciation; It is the second pillar that still faces the current situation of insufficient coverage.

International experience shows that the pension replacement rate reaches 70%to maintain the living standard before retirement. my country's pension replacement rate is still lower than the international warning line (50%), which means that the quality of life after retirement will drop significantly. If people need to support high quality, this requires the supplement of the third pillar and the power of the power of social capital.

At the end of April this year, the relevant departments issued the "Opinions on Promoting the Development of Personal Pensions". The "Opinions" stipulated that personal pension implements a personal account system, and the payment is borne by the participants. Financial products such as bank wealth management, savings deposits, commercial pension insurance, and public funds.

Many people in the industry have commented that the introduction of the personal pension system has a milestone significance for the establishment of a multi -level and multi -pillar endowment insurance system in my country. FOF products aimed at pension, and the future realization of the implementation of the personal pension system and the future realization of preferential tax policies are expected to become an important allocation of people's pension financial management again.

As of the end of 2020, the size of the pension target FOF was 59.4 billion yuan, and as of the first quarter of 2022, there were already FOF187 in the market, with a total scale of 120.902 billion yuan. In just over a year, the management scale has doubled.

Why is the pension FOF more popular than other pension products?

Rich types, scattered risks, and strong professionalism are important factor for people to choose pension FOF. We take FOF as an example of the 3 -year FOF of China Merchants and Yue Balanced Pension.

01 rich types

Compared with other wealth management products such as commercial insurance, the types of pension FOF are richer. There are low -risk positioning products based on solid -income assets, as well as medium or high -risk positioning products based on equity assets. Investors with retirement date and different risk preferences.

For example, the 3 -year FOF of China Merchants and Yue Balanced Pension is a target risk -type pension FOF. The proportion of equity configuration of the combination in advance makes the product's long -term risk characteristics clear, so as to achieve the management of the target risk; in principle, the long -term target volatility set up in principle is set. It is 8%, which should be lower than the level of general bias mixed funds in the market. But at the same time, in tactics, this type of FOF can make a certain percentage of deviations relative to the strategic center to capture some short -term opportunities and strive to create better excess returns.

02 The risk is relatively decentralized

The biggest feature of FOF is that the fund is the investment target. Compared with direct investment stocks and bonds, FOF is equivalent to conducting secondary dispersion risks, which is in line with the pursuit of pursuit of long -term stable investment positioning. In addition, FOF can also invest in QDII funds, commodity funds, REITS funds, etc., which can achieve cross -variety and cross -market allocation, which is conducive to hedging risks and reduced fluctuations. On the other hand, the elderly FOF will also consider long -term timeliness in design. In terms of style, it will pursue more stable and stricter fluctuation control.

For example, the 3 -year FOF of China Merchants and Yue Balanced Pension is based on the configuration of large -scale assets. The selection of debt bases with relatively stable past returns in the market and returning rates above the median as a safety cushion, and then use quantitative screening and qualitative analysis. Methods continue to tap the high -quality funds in the market, and strive to thicken the income of the combination by allocating the excellent rights and interest funds. At the same time, it will also make individual stock investment based on the macroeconomic situation and the perspective of the mid -view view, and disperse the risk of the combination through the balanced allocation of the industry and individual stocks.

The combination of stocks and bonds, scattered industry stocks, and no shortage of thickening methods.

03 Fund Manager is professional strong

FOF is particularly high in the fund manager's ability to select funds in the fund. In particular, the FOF of the pension goal, because it is necessary to supplement the high -quality life in his later years, it is required to pursue long -term stability, and we must also strive to have a certain excess income in order to obtain more ideal returns for a long time.

The fund manager of the 3 -year FOF of China Merchants and Yue Balanced Pension is Zhangge Wu, who has nearly 8 years of experience in pension product management (including more than 3 years of public -funded product management experience) and more than 14 years of investment and research experience. Investment managers are also responsible for the management of solid income, mixed households and fund product management, and their experience in the two areas of stock bonds are very rich. As of the end of the second quarter of 2022, the total return rate since the establishment of the three -year holding period of China Merchants and Yue Balanced Pension was 25.31%, the reference yield rate of the performance comparison of the same period was 14.86%, the excess revenue was 10.45%, and the return rate in 2020 was as high as 23.00%. As a target risk -type pension FOF, this score can be comparable to many pure equity products. It can be seen that Zhang Gewu's ability to capture the market.

Data source: Fund regular reports, Wind. Data as of the end of the second quarter of 2022. Zhangge Wuwu's target dates of investment promotion and benefit aging 2040 three -year holding period (FOF), investment promotion and Yue balanced pension period holding period (FOF), investment promotion and stable pension year holding period (FOF FOF (FOF (FOF (FOF (FOF (FOF) ) A. Merchants Huirun set a mixed initiative (MOM) A in one year. FOF Fund managed by Zhangge Wu: (1) Investment and Steady Pension Mixed During the Establishment Day A Fund Establishment Day: 2019-04-26, His Fund Manager: Zhangge Wu (2019-04-26 to the present) , Performance comparative benchmark: CSI 300 Index yield × 15% + CSI comprehensive debt index yield × 85%. Since its establishment, each complete accounting annual fund return and performance comparative reference yields are: 13.33%/6.64% (2020), 8.59%/3.82%(2021). Since its establishment, the fundamental return and performance comparison of performance comparison are: 28.97%/15.53%. (2) Investment and Yue Balanced Pension Three-year Holding (FOF) Fund Establishment Day: 2019-12-03, successively the fund manager: Zhangge Wu (2019-12-03 to this present), performance comparative benchmark: Shanghai and Shenzhen 300 Index Index The yield × 40% + CSI comprehensive debt index yields × 60%. Since its establishment, each complete accounting annual fund return and performance comparison benchmark yields are: 23.00%/12.76%(2020), 4.15%/1.33% (2021), since its establishment, the fundamental return and performance comparison benchmark yields are: 25.31%/14.86%. Zhang Gewu has been the fund manager since the establishment of the fund. (3) The target date of China Merchants and Huiyi Elderly 2040 Three-year holding period (FOF) Fund Establishment date: 2022-01-05, successively the fund manager of the fund: Zhangge Wu (2022-01-05 to the present), the performance comparative benchmark: Shanghai Shanghai Deep 300 index yield × x + comprehensive index yield of China Debt Comprehensive Index × (1-X) Note: X is a variable, please refer to the recruitment instructions for details. [The Fund was established to June 30, 2022 for less than 6 months, and the performance will not be disclosed]

Risk reminder: Past performance does not represent future performance, fund performance has fluctuating risks, the performance of other funds managed by the fund manager, and the performance of other funds managed by the same fund manager do not constitute the guarantee of the performance of the fund's performance. The fund has set the lock holding period. The lock holding period of each fund share is 3 years. The corresponding fund share cannot be redeemed and converted out of the business during the lock holding period.

The outbreak of the elderly FOF in recent years has deep reasons. It not only benefits the product's significant advantages, but also benefits from the vigorous demand of the elderly career. At present, the global interest rate decline is a general trend. Therefore, from a long -term perspective, investors may wish to choose the appropriate pension FOF. Especially young people with a long retirement time and a lot of space can appropriately improve their risk preferences, and moderately configure the target risk -type public -funded pension FOF products.

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