万得基金简梦雯：“投顾+ETF”有望成为财富管理新模式

Core Insights - The event "2025 Asset Management Annual Conference" highlighted the growing trend of passive investment, particularly the role of ETFs in wealth management [1][3] - The combination of "advisory + ETF" is expected to become a new model that balances buyer interests and institutional commercial needs in wealth management [1][4] Group 1: ETF Market Development - ETFs have been experiencing robust growth globally, with China's ETF products continuing to expand over the past seven years [3] - Currently, China's ETF market is primarily focused on broad-based index products, lacking in Smart Beta and other strategy-based index offerings compared to the U.S. market [3] - The marginal cost of issuing index products is expected to decrease as the diversity of the ETF market increases [3] Group 2: Wealth Management Trends - The concept of "asset scarcity" is relative; as the era of guaranteed returns ends, investors will need to pursue diversified asset allocation to achieve expected risk-return profiles [3] - The wealth management industry is entering a significant era where both institutional and individual investors must adopt a diversified asset allocation approach to meet investment goals [3][4] Group 3: Recommendations for Wealth Management Institutions - Wealth management institutions should adopt a buyer's advisory perspective to help investors select quality assets like ETFs for effective asset allocation [4] - Investment education is crucial, as ETFs offer lower entry barriers and higher liquidity for individual investors [4] - Companies like Wind Fund are actively engaging in investor education initiatives, such as ETF combination configuration competitions, to raise awareness of the value of holding ETFs and the importance of long-term investment [4]