Core Viewpoint - The implementation of the personal pension system has significantly expanded, with the average return of personal pension fund Y shares exceeding 17% in the first three quarters of 2025, highlighting its importance in national retirement savings [1][2]. Group 1: Market Expansion and Performance - The personal pension fund catalog has expanded to 302 funds, a 51.76% increase year-on-year, including 211 target date funds and 91 index funds, indicating a diversification of investment options [2]. - The total scale of personal pension fund Y shares reached 15.111 billion yuan by the end of Q3 2025, a growth of over 65% from the end of 2024, with index fund Y shares increasing more than sixfold [3]. - 99.7% of the 300 Y share funds reported positive returns in 2025, with all pension FOF Y shares achieving positive returns, showcasing strong market performance [3]. Group 2: Company Performance and Strategy - ICBC Credit Suisse Fund has seen its Y share scale rise to 1.457 billion yuan, accounting for 9.64% of the total market share, with a growth rate of 94.27% compared to the end of 2024, positioning it as a preferred choice for investors [3][4]. - The company has developed a diversified Y share matrix consisting of 13 products, including 9 pension FOFs and 4 index funds, catering to various retirement planning needs [4][5]. - The performance of ICBC Credit Suisse's pension FOF Y shares has been strong, with 8 funds exceeding the performance benchmark over the past year, and several funds achieving returns over 20% [5]. Group 3: Investment Approach and Research Capabilities - The company emphasizes a long-term investment strategy, supported by a robust research and investment system that covers various asset classes, ensuring deep insights into market dynamics [8]. - The investment management capabilities are enhanced by a platform that integrates risk control and real-time market tracking, allowing for efficient responses to market changes [8]. - The company aims to educate investors on long-term investment principles through initiatives like the "Investment for the People" program, promoting rational investment behavior [8][10].

中证报中证网讯（记者 张舒琳）随着个人养老金制度全面落地生根、个人养老金产品体系持续扩容， 养老投资的选择愈发丰富多样。国家社会保险公共服务平台显示，截至2025年12月5日，产品池规模进 一步扩容至1255只。 指数的优质属性，需要专业管理人通过精细化运作转化为实际收益。基金2025年三季报显示，工银中证 A50ETF联接Y自2024年12月13日设立至2025年9月30日，短短9个多月时间内实现净值增长率17.76%， 超过15.62%的业绩比较基准收益率，展现出较强的收益获取能力。 个人养老金的长期属性，与指数化投资的核心逻辑高度契合。本质上，指数基金Y份额的价值，最终取 决于其所跟踪指数的质量。宽基指数，尤其是那些覆盖各行业龙头的核心指数，因其广泛的市场代表 性，能够分散风险，长期表现较为稳健，与养老投资堪称"最优拍档"。作为国内养老金融领域的重要参 与者，工银瑞信基金于去年个人养老金制度全面推向全国时，增设了4只指数基金Y份额，包含工银沪 深300指数Y、工银中证A500ETF联接Y、工银中证A50ETF联接Y、工银科创ETF联接Y，覆盖多个宽基 指数，满足不同风险偏好的养老金投资需求。 以工银中证 ...