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企业年金“官方账本”揭晓:三年期考核首秀收益率7.46%,11家公募执掌四成规模
Di Yi Cai Jing· 2025-06-22 11:35
Core Insights - The Ministry of Human Resources and Social Security (MoHRSS) has released data indicating that the corporate annuity fund size reached 3.73 trillion yuan, a year-on-year increase of 13.48% [1][2] - The introduction of a three-year cumulative return as a key performance indicator marks a significant shift towards long-term investment strategies in the corporate annuity sector [1][5][6] Fund Performance - As of the end of Q1 this year, the net value of investment assets for corporate annuities is 3.7 trillion yuan, with a three-year cumulative return of 7.46% [2][4] - Fixed-income portfolios have shown strong performance with a three-year cumulative return of 10.54%, while equity-inclusive portfolios yielded 7.06% during the same period [2][4] Management Institutions - There are 22 institutions managing corporate annuities, with public funds holding a significant share, managing over 40% of the total assets [2][3] - E Fund leads in the number of annuity portfolios with 422, while ICBC Credit Suisse tops in asset size with 315.12 billion yuan [3][4] Changes in Disclosure Mechanism - The new performance disclosure mechanism emphasizes three-year cumulative returns instead of annual returns, aligning with the long-term nature of pension funds [5][6] - This change is expected to provide a more accurate reflection of investment performance over time, reducing the impact of cash flow timing on returns [5][7] Long-term Investment Strategy - The shift to longer performance evaluation periods is seen as beneficial for both fund managers and investors, allowing for a more stable investment approach [6][8] - The long-term nature of corporate annuities positions them as "patient capital," which can enhance market stability by reducing the need for forced selling during short-term volatility [7][8]
又有指数基金密集更名;企业年金基金首次公布“近三年累计收益率”
Mei Ri Jing Ji Xin Wen· 2025-06-17 07:25
Group 1 - Jiashi Fund announced the renaming of 22 index products to enhance ETF investment convenience for investors, effective June 17 [1] - As of June 16, 69.46% of the 4,554 equity funds in the market achieved net value growth this year, a significant increase compared to the same period last year [2] - The cumulative return rate for enterprise annuity funds over the past three years is reported at 7.46%, with a total accumulated fund size of 3.73 trillion yuan [3] Group 2 - Xu Chengcheng has been appointed as the fund manager for the Xingye CSI A500 ETF Link, bringing 21 years of experience in the securities industry [3] - The market experienced fluctuations with the Shanghai Composite Index down 0.04%, and total trading volume in the Shanghai and Shenzhen markets was 1.21 trillion yuan, a decrease of 78.7 billion yuan from the previous trading day [3] - The National Index 2000 ETF led the gains with an increase of 1.92%, while oil and gas stocks showed renewed activity [4] Group 3 - The innovative drug sector is expected to undergo a value reassessment, supported by continuous policy guidance and improvements in domestic payment systems, which may enhance sentiment and valuation in the pharmaceutical sector [7] - A new fund, the Huatai-PineBridge National Index Hong Kong Stock Connect Consumer Theme ETF, has been launched, managed by Le Wuqiong [8]
全国企业年金基金规模突破3.7万亿元
Sou Hu Cai Jing· 2025-06-16 12:50
Core Insights - The national enterprise annuity fund's net investment assets exceeded 3.7 trillion yuan as of Q1 2025, with a cumulative return of 7.46% over the past three years [1][2]. Group 1: Enterprise Annuity Fund Data - As of the end of Q1 2025, the net investment assets of the national enterprise annuity fund surpassed 3.7 trillion yuan, with a cumulative return of 7.46% over the last three years [2]. - The investment returns for the enterprise annuity fund in 2023 and 2024 were 1.21% and 4.77%, respectively [3]. - In single plans, there were 1,422 fixed income portfolios with an asset amount of 331.24 billion yuan and a cumulative return of 10.8% over three years; 4,113 equity-inclusive portfolios had an asset amount of approximately 2.99 trillion yuan with a cumulative return of 7.13% [3]. Group 2: Fund Management Scale - Fund companies E Fund and ICBC Credit Suisse both surpassed 310 billion yuan in management scale, reaching 311.8 billion yuan and 315.1 billion yuan, respectively, showing significant growth from the end of 2024 [3]. - Only Southern Fund had a management scale between 200 billion yuan and 300 billion yuan, increasing from approximately 246 billion yuan at the end of 2024 [3]. - Fund companies with management scales between 100 billion yuan and 200 billion yuan include Huaxia Fund and Fortune Fund, with minor increases in their management scales [4]. Group 3: Pension Products Data - As of Q1 2025, there were 573 pension products with a net asset value of approximately 2.4 trillion yuan, and the quarterly investment return was 0.58% [5]. - The investment return for ordinary stock-type pension products was 1.68%, while the return for Hong Kong stock-type products reached 7.48% in Q1 2025, despite a cumulative return of -28.05% since inception [5]. - Fixed income assets showed a mixed performance, with mixed-type products having a net asset value of 493.05 billion yuan and a return of 0.51%, while ordinary-type products had a net asset value of approximately 1.26 trillion yuan and a return of 0.38% [5].
企业年金基金一季度榜单:两家公募管理产品三年业绩仍亏损
Group 1 - The total scale of national enterprise annuity funds reached 3.73 trillion yuan by the end of Q1 2025, an increase of approximately 0.62 trillion yuan compared to the end of 2024 [1][2] - The average three-year cumulative return for national enterprise annuity funds was 7.46%, with fixed income products outperforming equity products [2][3] - The management scale of leading institutions, such as E Fund and ICBC Credit Suisse, surpassed 300 billion yuan, highlighting the concentration of assets among top managers [4][5] Group 2 - The number of enterprise accounts increased to 168,000 and individual accounts to 32.9 million by the end of Q1 2025, reflecting growth in the sector [4] - Among fixed income products, the top performers included Haitong Fund with a return of 12.71%, while the average return for fixed income investments was 10.16% [6][7] - In equity investments, the average return was 7.15%, with significant performance differentiation among fund companies, where Guotai Fund and ICBC Credit Suisse led with returns of 11.86% and 11.65% respectively [6][7]
全国企业年金基金规模突破3.7万亿元,近三年累计收益率7.46%
Mei Ri Jing Ji Xin Wen· 2025-06-13 15:31
Group 1: National Enterprise Annuity Fund Data - As of the end of Q1 2025, the net asset value of the national enterprise annuity fund exceeded 3.7 trillion yuan, reaching 37,004.62 million yuan [2][3] - The cumulative return over the past three years for the national enterprise annuity fund is 7.46% [2][3] - The investment returns for the national enterprise annuity fund in 2023 and 2024 were 1.21% and 4.77%, respectively [3] Group 2: Investment Management Breakdown - In single plans, there are 1,422 fixed income combinations with a total asset amount of 331.24 billion yuan and a cumulative return of 10.8% over three years [3][4] - In collective plans, there are 116 fixed income combinations with a total asset amount of 197.29 billion yuan and a cumulative return of 10.11% over three years [3][4] - The total number of combinations in single plans is 5,535, with a cumulative return of 7.42% [4] Group 3: Fund Management Scale - Two fund companies, E Fund and ICBC Credit Suisse, have management scales exceeding 310 billion yuan, reaching 311.8 billion yuan and 315.1 billion yuan, respectively [5] - The only fund company with a management scale between 200 billion and 300 billion yuan is Southern Fund, which has increased from approximately 246 billion yuan at the end of last year [6] Group 4: Pension Product Performance - The investment return for pension products in Q1 was 0.58%, with a total net asset value of approximately 2.4 trillion yuan [8] - The investment return for ordinary stock-type pension products was 1.68%, while the return for Hong Kong stock-type products reached 7.48% in Q1 [8][9] - The cumulative return since inception for pension products is 33.46% [8]