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客户量成倍激增,散户、外资加速涌入A股
21世纪经济报道· 2025-08-22 00:24
记者丨易妍君 编辑丨巫燕玲 刘雪莹 A股热度持续攀升,咨询股票投资的个人投资者数量成倍增长,海外资金也正加速流入A股! 投顾业客户量激增 自8月13日以来,A股成交额已连续7个交易日达到2.1万亿元以上,融资资金持续活跃。上证指数站稳3700点后,继续上攻3800点, 市场向上 趋势逐步确立过程中, 越来越多的个人投资者打算伺机"杀入"股票市场。 证券投顾机构的股票咨询生意日渐火爆就是一种佐证。 "近一个月来, 我们公司的客户流量同比增长约50% ——这主要得益于市场信心的提振和投资者对专业服务的迫切需求。"华北某证券投资咨 询公司负责人张力告诉21世纪经济报道记者。 华南某投顾机构亦透露,近期, 咨询股票投资的客户数量呈现成倍增长, 签约客户的数量也在不断增加。 此外,证券投顾行业头部公司股价节节走高也是另外一种验证。截至8月21日,九方智投控股的股价自8月初以来上涨了37%。 广东博众大阳金融研究所所长 吴志辉认为,客户数量的增长有两大推动因素: 一是投资者行为变化: A股市场波动加大,许多普通投资者意识到自行操作的风险,转而寻求专业服务,尤其是在资产配置、风险管理和 中长线策略方面有较多需求。 二是市场 ...
基金投顾盯上医药科技,狂赚30%
21世纪经济报道· 2025-08-07 08:06
Core Viewpoint - The article highlights a shift in investment strategies among fund advisory products, with a notable increase in allocations towards high-dividend and technology assets, while reducing exposure to consumer sectors [1][7][11]. Group 1: Fund Advisory Product Adjustments - In July, a total of 141 fund advisory products made adjustments, including 27 mixed equity and bond products and 64 equity products [1][6]. - Mixed equity and bond products increased their holdings in active equity funds while reducing allocations to index funds [1][6]. - Equity advisory products decreased their holdings in bond-oriented funds and increased their allocations to equity funds [1][6]. Group 2: Sector Allocation Changes - Fund advisory products overall reduced exposure to consumer sectors and increased allocations to pharmaceuticals, cyclical sectors, and technology [1][7]. - The highest increase in allocation was seen in the pharmaceutical and biotechnology sector (+0.47%) and non-ferrous metals (+0.31%), while the largest reductions were in food and beverage (-0.35%) and electronics (-0.23%) [7]. Group 3: Performance of Fund Products - Some equity advisory combinations have achieved over 20% excess returns this year, with specific products like Huabao Securities' Value Investment Fund V and Guolian Securities' Anxin Aggressive 90 showing returns of 30.88% and 25.59% respectively [9][10]. - Mixed equity and bond products with a higher proportion of equity funds also performed well, with returns of 14.72% and 12.92% for specific products [10]. Group 4: Market Outlook and Investment Strategies - Some advisory institutions maintain a relatively positive outlook on the market, citing improved funding conditions and potential inflows of external capital [11]. - Recommended investment directions include high-dividend stocks and technology assets, particularly in AI applications and semiconductors [11][12]. - The strategy of diversifying investments across different asset classes and markets is emphasized, suggesting a balanced approach to mitigate risks [12].
调仓!百余“基金买手”出手
天天基金网· 2025-08-07 05:02
上天天基金APP搜索【777】注册即可 领500元券包,优选基金10元起投!限量发放!先到 先得! 下半年以来,超百只基金投顾组合完成调仓。随着赚钱效应的升温,权益类投顾组合持续加仓 权益资产,即便近期遇到了小幅调整,越跌越买的态势仍较为显著。具体来看,基金"专业买 手"更青睐科技等成长领域,拥有产业长周期逻辑的资产被伺机加仓。 加仓权益 青睐主动管理型基金 在市场赚钱效应的加持下,部分权益类基金投顾近期回报丰厚。据开源证券统计,7月股票型投 顾产品平均收益率达到5.12%,高于沪深300指数的3.54%。拉长来看,今年以来,不少投顾组 合的涨幅已经超过20%,如嘉实百灵全天候策略、中欧优势行业全明星等。 不少投顾组合乘胜追击,于近期提升了权益仓位。同源数据显示,仅7月就有141个基金投顾组 合进行了持仓调整。其中,股票型投顾产品减仓偏债类基金,加仓权益类基金;股债混合型投 顾产品加仓主动权益基金,减仓指数基金。例如"嘉实百灵全天候策略"投顾组合在7月上半月降 低了黄金、债券的仓位,并提升权益仓位。 面对近期的市场震荡,多数基金投顾并不担忧。从天天基金网上的基金投顾组合来看,大多组 合最近的"发车"金额并未因 ...
增配医药、科技行业,基金投顾年内业绩最高超30%
Core Viewpoint - The performance of equity funds is recovering, leading to increased activity in fund advisory products' portfolio adjustments [1][10] Group 1: Fund Advisory Product Adjustments - In July, a total of 141 fund advisory products made adjustments, including 27 mixed equity-debt and 64 equity advisory products [1][10] - Mixed equity-debt advisory products increased their holdings in active equity funds while reducing allocations to index funds [1][10] - Equity advisory products decreased their holdings in bond funds and increased their allocations to equity funds, with a notable shift away from consumer sectors towards pharmaceuticals, cyclical, and technology sectors [1][10] Group 2: Specific Fund Actions - Notable fund advisory products like 中欧超级股票全明星 and 交银全明星 initiated "发车" plans, with investment amounts of 500 million and 1.5 billion respectively [4][6] - 中欧超级股票全明星 increased its active equity fund holdings from 63.5% to 65.5% and raised its stock fund allocation from 14.5% to 19.5% [6] - 富国双子星股债均衡 adjusted its bond fund allocation from 32.78% to 45.25% and reduced its index fund allocation from 18.35% to 3.55% [8] Group 3: Market Outlook and Investment Strategies - Fund advisory institutions are optimistic about high dividend and technology assets, emphasizing balanced and diversified allocations [2][16] - The market is expected to enter a phase of incremental competition, with continuous inflow of new funds and cyclical improvements in fundamentals [15] - Investment strategies should focus on sectors with improving conditions, such as high dividend stocks and technology, particularly in AI and semiconductors [16][17]
“金鼎杯”买方投顾资产配置大赛导师周承:建议考核模式由基金销售转为基金存续规模
Core Insights - The transformation of buy-side investment advisory in China's capital market is entering a new development stage, with over 60 institutions participating in the pilot program since its inception in 2019 [1][9] - The main challenges in this transformation are related to assessment and talent, particularly in the banking sector, where performance metrics do not align with market conditions [2][3][5] - The growth of the buy-side advisory sector has led to a significant increase in business scale and participant diversity, evolving from simple fund recommendations to comprehensive asset allocation strategies [9] Group 1: Challenges in Buy-Side Advisory - The assessment model for fund performance needs to shift from focusing on selected funds to evaluating the overall scale of funds under management [5] - There is a lack of accountability for fund performance among bank staff, leading to a disconnect between client expectations and the services provided [2][3] - The current training and development of bank staff do not adequately prepare them for the complexities of buy-side advisory, necessitating long-term professional development programs [6][7] Group 2: Achievements and Future Directions - The pilot program has expanded from 5 initial institutions to over 60, with a corresponding increase in assets under management reaching the billion level [9] - Clients are increasingly shifting from self-managing their investments to relying on advisory services, indicating a growing trust in professional fund management [9] - The upcoming transition of the buy-side advisory business to a regularized framework is expected to enhance the wealth management industry by allowing for more objective and comprehensive fund selection [9][10] Group 3: Industry Events and Initiatives - The "Jinding Cup" buy-side investment advisory competition aims to foster a fair competitive environment for participants, allowing them to build portfolios based solely on market judgment [10][11] - The event is supported by various academic institutions and industry leaders, emphasizing the importance of professional talent development in the buy-side advisory ecosystem [11]
5折优惠来了:钉系列投顾组合,投顾费5折~
银行螺丝钉· 2025-07-07 06:36
Core Viewpoint - The article announces a promotional event offering a 50% discount on advisory fees for the Ding series investment advisory combinations, effective from July 1, 2025, to December 31, 2025, benefiting all investors holding these combinations during the promotional period [5][18]. Summary by Sections Promotional Details - The annual fee cap is reduced from 360 yuan/year to 180 yuan/year during the promotional period for larger investments [4]. - For smaller investments, the percentage fee rate is uniformly lowered to 0.2% per year [4]. - The promotional offer applies to all shares held during the promotional period, including those purchased before the promotion [5]. Fee Comparison - A detailed comparison of advisory fees before and during the promotional period is provided, showing significant reductions for various investment combinations [8]. - For example, the Active Selection Index Enhancement combination's fee structure changes from a cap of 360 yuan/year and 0.4% per year to a cap of 360 yuan/year and 0.2% per year during the promotional period [8]. Company Initiatives - The company has been actively working to lower advisory fees, having previously reduced the percentage fee rates in April 2023 [17]. - The combined fee model of "percentage + annual fee cap" is designed to benefit both small and large investors, automatically selecting the more advantageous option for clients [14][15]. Cost Savings - Since the launch of the advisory combinations, the company has saved investors approximately 156 million yuan in fees by implementing lower rates and promotional offers [20]. - The average fee rate after the promotional event is expected to be around 0.05%-0.1% per year, which is among the lowest in the global advisory field [28]. Future Plans - The company intends to continue advocating for further fee reductions and additional promotional activities to benefit investors [22][28].
老徐主理组合复盘:睿定投 省心债 懒人均衡"三大组合半年再创新高,如何搭上全球增长快车?"
老徐抓AI趋势· 2025-07-05 05:29
Group 1 - The overall performance of global markets remains strong, with Japan leading the gains while Hong Kong shows relatively weaker performance [1] - The A-share market, represented by the CSI 300, increased by 2.03%, while the Hang Seng Index rose by 1.62% [2] - The Nikkei 225 in Japan saw a significant increase of 5.56%, indicating robust market activity [2] Group 2 - The "Rui Ding Tou Global Version" achieved a weekly return of 1.9%, with a cumulative return of 6.52% for the year [4] - The strategy of global diversified allocation has led to positive returns for two consecutive years, with expectations of reaching an annualized return of 10% this year [5] - The "Lazy Balanced" portfolio recorded a weekly return of 1.28%, with a cumulative return close to 5% for the year, effectively balancing risk and reward [10] Group 3 - The "Sheng Xin Debt" portfolio experienced a slight pullback due to market fluctuations but has maintained a cumulative return of 0.97% since 2025 [8] - The expected annual return for the bond market is projected to be around 2% to 2.5%, which is considered satisfactory [8] - The "Lazy Balanced" portfolio is designed for those seeking a balance between equity and debt, allowing for flexibility during market volatility [10] Group 4 - All three investment combinations have achieved positive returns over the past two years, demonstrating the effectiveness of global allocation strategies [12] - The company encourages new investors to start with small amounts and engage in long-term investment to experience the benefits of global diversification [12] - The company emphasizes the importance of global allocation as a strategy to mitigate risks and seize opportunities [16]
老徐主理组合复盘:睿定投 省心债 懒人均衡"三大组合半年再创新高,如何搭上全球增长快车?"
老徐抓AI趋势· 2025-07-05 00:44
Core Viewpoint - The global market has shown strong performance, with Japan leading the gains while Hong Kong's performance is relatively weaker [1] Market Performance Summary - A-shares (CSI 300) increased by 2.03%, while the Hang Seng Index rose by 1.62% - The US Nasdaq 100 saw a significant increase of 3.77%, and the German DAX rose by 2.75% - Japan's Nikkei 225 had the highest gain at 5.56%, while India's Sensex 30 increased by 2.09% - Vietnam's Ho Chi Minh Index rose by 2.02% [2] Investment Products Performance Rui Ding Investment Global Version - The Rui Ding Investment Global Version achieved a return of 1.9% this week, with a cumulative return of 6.52% for the year - The product has consistently delivered positive returns for two consecutive years and aims for an annualized return of 10% this year [4] Shengxin Bond - The Shengxin Bond combination experienced a slight pullback due to market fluctuations but has a cumulative return of 0.97% since 2025 - Expected annual returns for 2023 and 2024 are around 3%, with a target of 2% to 2.5% being considered good [7] Lazy Balanced Combination - The Lazy Balanced combination recorded a return of 1.28% this week, with a cumulative return close to 5% for 2025 - The strategy involves flexible adjustments during market volatility, allowing for both growth and defensive positioning [10] Long-term Performance Validation - All three investment combinations have achieved positive returns over the past two years, demonstrating the effectiveness of global diversification strategies - The company encourages new investors to start with small amounts and engage in long-term investment to experience the benefits of global allocation [12][17]
【买方投顾说】徐海宁:科创板ETF纳入投顾将引导居民财富向科技前沿集聚
Xin Hua Cai Jing· 2025-06-20 03:23
Core Viewpoint - The China Securities Regulatory Commission (CSRC) has introduced measures to enhance the inclusiveness of the Sci-Tech Innovation Board (STAR Market), allowing STAR Market ETFs to be included in fund advisory configurations, which is expected to attract more long-term capital towards innovative sectors [1][2]. Group 1: Impact of STAR Market ETFs on Fund Advisory - The inclusion of STAR Market ETFs is a specific initiative to promote a "virtuous interaction between financing and investment," bridging the gap between wealth management for residents and support for innovative enterprises [2]. - STAR Market represents a new quality of productive capacity that requires stable long-term funding, while fund advisory acts as a conduit for long-term capital, helping to mitigate market volatility impacts on financing for innovative companies [2]. Group 2: Strategic Adjustments for Fund Advisory Institutions - Fund advisory products can leverage STAR ETFs to implement strategies such as sector rotation and growth theme allocation, enhancing strategy diversity and performance elasticity [3]. - Institutions need to reassess clients' risk tolerance due to the higher volatility of STAR ETFs and refine allocation recommendations for medium to high-risk clients [3]. - A framework for analyzing STAR ETFs should be established, focusing on index representation, liquidity, valuation levels, and fundamental trends, along with position management and risk warning mechanisms [3]. Group 3: Future Optimization and Reform Areas - There is a need to enhance integrated account management, connecting funds, strategies, transactions, and advisory reports to improve client experience [4]. - A clear strategy classification system and standardized disclosure mechanisms should be established to enhance client trust by clarifying investment logic and rebalancing criteria [4]. - Institutions should shift from providing "product portfolios" to offering "investment process services," including regular educational content, strategy communication, risk alerts, and behavioral guidance to support long-term, rational investment [4]. - Exploration of evaluation systems based on long-term performance and client satisfaction is necessary to guide advisory institutions back to the core value of "service creating value" [4].
基金投顾五年沉淀转常规,AI能否攻克“情感信任”壁垒?
Di Yi Cai Jing· 2025-06-06 10:57
Group 1 - The core viewpoint of the articles emphasizes the evolution and significance of fund advisory services in response to increasing market volatility and the growing demand for personalized wealth management [1][2][5] - The fund advisory business has expanded significantly since its pilot launch in October 2019, with over 60 institutions now participating, including banks, brokerages, and fund companies [2][5] - The industry is transitioning from a product-centric to a client-centric model, driven by supportive policies aimed at promoting long-term capital market participation [2][5] Group 2 - The average return for clients using fund advisory services has outperformed those who purchase funds independently, primarily due to differences in asset allocation and product selection [3][4] - Innovations in fund advisory services include linking them with public welfare initiatives and developing specialized products to meet diverse investor needs [3][4] - The introduction of AI technology is seen as a transformative factor in the fund advisory industry, enhancing customer service, investment decision-making, and risk management [6][7] Group 3 - AI tools are being utilized to improve efficiency in standard tasks, allowing human advisors to focus on high-value services, although AI cannot fully replace the emotional support and complex decision-making provided by human advisors [7][8] - The integration of AI in fund advisory services is still in its early stages, with varying levels of progress among institutions, but there is a consensus on its potential value [6][7] - Ensuring data security and compliance with regulations remains a critical concern for institutions using AI in their advisory processes [7][8]