个人养老金理财扩容！有年内赚4%，建信理财两产品不足1%

Core Insights - The total number of personal pension financial products in China has expanded to 37, with the introduction of two new products from China Post Life, enhancing the options available for investors as the personal pension system is set to be fully implemented nationwide by December 2024 [2][3]. Product Performance - All 37 personal pension financial products have achieved positive returns since their inception, with an average annualized return of 3.5%. China Post Life's products lead with an average annualized return of 4.22%, while the lowest is from CCB Trust at 3.03% [2][8]. - The performance of these products varies significantly within the year, with China Post Life's product achieving a year-to-date return of 4.75%, while two products from CCB Trust have returns below 1% [2][10]. Product Types and Strategies - The newly launched products from China Post Life follow a "fixed income plus" strategy, allocating at least 80% of funds to fixed-income assets and up to 20% to equity and derivatives to enhance returns [3]. - Among the 37 products, "fixed income plus" products dominate, comprising 27, which is over 70% of the total. There are also 5 pure fixed-income products and a mix of other types [3][5]. Risk and Management Fees - All products have a risk rating of medium or lower, with 67.6% classified as low to medium risk (R2) and 32.4% as medium risk (R3) [5]. - China Post Life has the highest average management fee rate at 0.18%, while ICBC and CCB Trust have the lowest at 0.05%. The management fees for the products range from 0.05% to 0.3% [6][7]. Volatility and Historical Performance - The average annualized volatility of the 37 products is 0.79%, with only 6 products experiencing a maximum drawdown exceeding 1% [9][10]. - The highest annualized return since inception is 5.18% for China Post Life's flexible allocation product, while the only product with an annualized return below 2% is from ICBC at 1.92% [8][9].