Group 1 - The Ministry of Human Resources and Social Security recently released the first quarter data on national enterprise annuities, with the accumulated fund scale reaching 3.73 trillion yuan and a three-year cumulative return rate of 7.46% [1] - The new data disclosure method introduces the "three-year cumulative return rate" as a key indicator, replacing the traditional "annual" metric [1] - Guotai Fund, one of the 22 annuity management institutions, achieved outstanding results, with its single plan equity combination yielding a three-year return of 11.86%, ranking first among the 22 managers [1] Group 2 - The three-year cumulative return rates for Guotai Fund's fixed income combination reached 12.02%, placing it fifth in the entire market [1] - In collective plan products, Guotai Fund's equity combination achieved a three-year return of 11.13%, ranking first in the market, while its fixed income combination yielded 11.48%, ranking third [1] - Guotai Fund is the only management institution among the 22 that has all four combination products (single plan fixed income, single plan equity, collective plan fixed income, collective plan equity) with three-year cumulative returns exceeding 10% [1] Group 3 - The implementation of long-term assessment mechanisms is emphasized as a key institutional breakthrough to guide long-term funds into the market [2] - The average annual return rate of enterprise annuities from 2007 to 2024 is reported to be 6.17%, with most years showing positive returns and only three years recording negative returns, the lowest being -1.83% [2] - The investment performance of enterprise annuities has been relatively stable, exhibiting lower volatility compared to the market during the same period [2]