工银财富货币A

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工银财富A,工银财富B: 工银瑞信财富快线货币市场基金2025年第2季度报告
Zheng Quan Zhi Xing· 2025-07-21 05:18
Core Viewpoint - The report provides an overview of the performance and management of the ICBC Credit Suisse Wealth Fast Track Money Market Fund for the second quarter of 2025, highlighting its investment strategies, financial indicators, and market conditions affecting fund performance [1][14]. Fund Product Overview - The fund is a contract-based open-end money market fund, with a total share of approximately 17.98 billion units at the end of the reporting period [2]. - The investment objective is to achieve returns exceeding the benchmark while controlling risks and maintaining asset liquidity [2]. - The fund employs various investment strategies, including interest rate strategies, credit strategies, and relative value strategies, to capitalize on market imbalances [2]. - The benchmark for performance comparison is the after-tax interest rate of the seven-day notice deposit published by the People's Bank of China [2]. Financial Indicators and Fund Performance - For the reporting period from April 1 to June 30, 2025, the fund's A share net yield was 0.3209%, while the B share net yield was 0.3809% [15][7]. - The fund's performance over different time frames shows a net yield of 1.3989% for the past year for A shares and 1.6425% for B shares [5][7]. - The fund's total assets are primarily invested in bonds, accounting for 58.53% of the total assets [16]. Management Report - The fund manager has maintained a neutral to high level of remaining maturity in the portfolio, adjusting liquidity reserves and leverage based on market conditions [14]. - The report indicates that the fund has adhered to legal regulations and internal guidelines to ensure fair treatment of all investors and prevent conflicts of interest [11][12]. Investment Portfolio Report - The average remaining maturity of the investment portfolio was 114 days during the reporting period, with no instances exceeding 120 days [18]. - The fund's investment strategy focuses on maintaining high credit quality and controlling interest rate risk exposure [14]. Fund Share Changes - The total number of shares for A shares increased from approximately 17.04 billion to 17.26 billion, while B shares totaled approximately 720.36 million at the end of the reporting period [23].