Although the recent issuance of new products of pension target funds has remained in the doldrums, fund companies continue to include individual pensions.Kingbillynodepositbonuscodes2022Share of the fund.

A reporter from the Daily Business News noted that two more pension target funds have added Y shares recently.

In addition, the number of personal pension insurance products has increased recently, and the cumulative number has reached 133 so far.

1. Increase the Y share of the two pension target funds

Recently, two more target pension funds have added Y shares, of which Huaxia pension 2060 five-year holding Y will take effect from May 20, 2024, and the annual management fee rate for category Y funds is 0.Kingbillynodepositbonuscodes2022.45%, the annual rate of escrow fee is 0.10%.

In addition, Guangfa pension target date 2045 three-year holding Y will take effect from May 17, 2024, with an annual management fee rate of 0.4% and a custody fee annual rate of 0.075% for class Y funds.

2. The number of personal pension insurance products has increased to 133.

Recently, the number of personal pension insurance products has increased again, with the cumulative number reaching 133, an increase of seven compared with the previous 126, according to the China Bank Insurance Credit website.

3. Product analysis

This issue brings you to know that Fuguo Xinwang steady pension goal one-year holding period mixed (FOF) Y, the product was established on November 11, 2022, and the fund manager is Zhang Ziyan.

Zhang Ziyan joined Wells Fargo Fund in May 2017 and began to manage pension target funds in 2019. The first product is Wells Fargo steady pension target holding an one-year mixed (FOF) Class A share.

From the product point of view, the fund is a target risk fund, which sets a relatively stable target risk level. The strategic allocation proportion of equity assets (including stocks, depositary receipts, stock funds, partial stock mixed funds) is 25%, and the investment proportion is 15% of fund assets. 30%.

Specific to the position, this year's quarterly report shows that among the top 10 heavy position funds, 8 are only products under Wells Fargo funds, which have obvious characteristics of internal FOF, and mainly hold bond funds.

Judging from the top 10 positions in the past quarters, there is a similar situation, with Wells Fargo funds often offering eight or more products.

In addition to holding internal funds, the fund in the position changes are relatively stable, the top ten heavy position funds will not frequently appear "new face", more is the operation of increasing and reducing positions.

In the choice of external equity funds, in many quarters before June 2023, passive index funds appeared, such as Guolian Anzhong card all-refers to semiconductor ETF, Huaxia Shanghai Kechuang board 50ETF, while in recent quarters, the heavy position funds are mainly actively managed funds, such as the new trend optimization of Chinese businessmen.

It is worth mentioning that, from the quarterly report, the fund A share appeared a relatively obvious redemption, a single quarter was redeemed more than 170 million. Subsequently, in April, the fund chose to reduce the rate, the annual management rate of category A shares was adjusted from 1.00% to 0.60%, the annual escrow rate was adjusted from 0.20% to 0.15%, the annual management rate of category Y shares was adjusted from 0.50% to 0.30%, and the annual escrow rate was adjusted from 0.10% to 0.075%.

Although the fee reduction operation has further enhanced the competitiveness of the fund, the performance of the fund so far this year has not been satisfactory in terms of the core performance. According to wind data, as of May 16, the income of category Y share so far this year is only 0.57%, ranking in the bottom 1/2 of similar products.

Generally speaking, the risk level of the fund is more like the fixed income + fund with the ratio of stock and debt, which is more suitable for investors with low risk preference, but according to the current performance of the fund, investors need more time for further observation.

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