个人养老金三周年：23只养老目标基金Y份额近三年收益超10%

Core Insights - The personal pension system has been implemented in 36 pilot cities since November 25, 2022, and has seen the expansion of public fund products included in the system, particularly targeting pension funds and index funds [1] Group 1: Performance of Pension Target Funds - Among the pension target fund Y-share products, 23 out of 43 funds have achieved returns exceeding 10% over the past three years, with one fund exceeding 20% [1] - There are 17 funds with returns between 0% and 10%, most of which are concentrated in the 7% to 10% range, indicating a relatively small performance difference among this group [4] - Three funds have reported losses over the past three years, with the most significant loss being -3.58% for the Minsheng Jianyin Kangtai Pension Target Date 2040 Y-share fund [6] Group 2: Scale of Pension Target Funds - As of the end of 2025, the cumulative scale of pension target fund Y-shares has grown to approximately 128.17 billion yuan, up from about 20.06 million yuan at the end of 2022 [7] - A total of 216 pension target fund Y-shares have been established over the past three years, with 210 currently in existence [7] Group 3: Fund Liquidations - Six pension target fund Y-shares have been liquidated in the past three years, with several funds being terminated in 2024 and 2025 [8] - Notably, 12 pension target funds were liquidated by November 21 of the current year, including four Y-share funds [8] Group 4: Index Funds in Personal Pensions - There are 95 index funds with Y-shares included in the personal pension system, with 91 established before September 30 of the current year [9] - The cumulative scale of these 91 index funds is approximately 23 billion yuan, with only five funds exceeding 100 million yuan in scale [9]