基金忠言｜个人养老金怎么管？多家公司成“活教材”

Core Insights - The personal pension system is set to be implemented nationwide starting December 15, 2024, following trials in 36 cities since November 25, 2022, with public funds launching Y-share funds to cater to this market [2] - Some fund companies have faced significant challenges, including fund liquidations, which can undermine investor confidence in long-term pension investments [2] - Conversely, certain companies have successfully navigated this space, with the total market size for personal pension Y-share funds reaching approximately 15.1 billion yuan by the end of Q3 2025, with leading firms like Huaxia and E Fund capturing over one-third of this market [3] Group 1: Challenges Faced by Fund Companies - Several fund companies, including Penghua and Chuangjin Hexin, have experienced fund liquidations, with Penghua's Longle Stable Pension Y-share fund being liquidated when its net value fell below 1 yuan [2] - The small scale of pension target funds from companies like Penghua (approximately 200 million yuan) and Yongying (only about 570,000 yuan) highlights the challenges in attracting substantial investment [2] Group 2: Successful Strategies and Experiences - As of Q3 2025, the leading Y-share fund, Xingquan Antai, has surpassed 1.2 billion yuan in scale, making it the only fund above 1 billion yuan [3] - Xingquan Global has emphasized early and significant investment in personal pension business, establishing a dedicated pension management department in 2018 with a diverse team of 22 members [5] - The company employs a research-driven, multi-asset allocation strategy, focusing on long-term investments and risk management, which has proven effective in generating profits for investors [6][7] - Xingquan Global has achieved a cumulative return of 80.44% for its Xingquan Antai Balanced Pension fund since its inception, ranking it first among all pension target funds [7] Group 3: Investor Education Initiatives - Xingquan Global prioritizes investor education, providing clear risk definitions and maintaining low tracking errors to enhance investor experience and mitigate losses from market volatility [7][8] - The company actively engages in educational initiatives, including publishing investment guides and hosting forums to foster a better understanding of pension investments among investors [8]