企业年金近三年赚12.08%！规模突破4万亿元，两家公募管理超3000亿元

Core Insights - The national enterprise annuity fund investment assets net value has exceeded 4 trillion yuan, reaching approximately 4.06 trillion yuan by the end of Q3 2025, showing an increase from about 3.8 trillion yuan at the end of Q2 2025 [2][3] - The cumulative return rate for enterprise annuity funds over the past three years is 12.08% [3][4] - Pension products achieved a return of 3.11% in Q3 2025, with a year-to-date return of 4.66% [9] Enterprise Annuity Fund Data - As of the end of Q3 2025, the net value of enterprise annuity fund investment assets is 40,629.99 billion yuan, with 6,057 established portfolios [3][4] - The cumulative return rate for fixed income portfolios is 10.48%, while equity-inclusive portfolios have a cumulative return rate of 12.53% [3][4] - In single plans, there are 1,410 fixed income portfolios with assets of 3,365.64 billion yuan, and 4,289 equity-inclusive portfolios with approximately 33,253.83 billion yuan in assets [4][5] Fund Management Scale - Two fund companies manage over 300 billion yuan in assets: ICBC Credit Suisse Asset Management and E Fund Management, with their scales increasing from Q2 to Q3 2025 [6] - ICBC Credit Suisse Asset Management increased from 332.5 billion yuan to 370.4 billion yuan, while E Fund Management grew from 318.8 billion yuan to 332.6 billion yuan [6] - Other companies managing over 100 billion yuan include Southern Fund, Fortune Fund, Guotai Fund, and Huaxia Fund, all showing slight growth [6][7] Pension Product Performance - By the end of Q3 2025, there are 649 registered pension products, with 568 actively operating, and a net asset value of approximately 2.46 trillion yuan [9][10] - Ordinary stock-type products have a net asset value of 1,804.92 billion yuan, achieving a Q3 return of 22.56% and a year-to-date return of 27.24% [9][10] - Hong Kong stock-type products have a net asset value of 208.35 billion yuan, with a Q3 return of 25.41% and a year-to-date return of 43.97% [9][10]