Beijing Business Daily (Reporter Song Yitong) recently, some have purchased bank wealth management productsBaccaratlivedealerMost of the investors are not in a beautiful mood. On May 8, a reporter from the Beijing Business Daily noticed that recently, many investors complained that the income from financial products accounts slowly climbed less than half a year, falling back to before the rise, and in about half a month, the net value of some fixed-income financial products appeared "retracement", making investors shout "do not understand". Is the bank managing money all right? Do you want to buy it in the future?
"afraid to buy stocks and funds, for fear of losing money, I bought low-risk financial products, thinking that the income would be more stable. Unexpectedly, when I turned on my mobile phone during this period of time, the income turned negative." I originally wanted to buy it before May Day. Can take advantage of the holiday to make a small profit, unexpectedly all the way down …... Recently, many investors have posted complaints on the online platform.
From the information of financial products posted by investors, most of the retractions of net worth are fixed income financial products, and bonds are mainly used as important investment targets of such financial products. Looking back in April, the bond market fluctuated significantly, first showing a small fluctuation at the beginning of the month, and then the volatility became larger in the middle and last ten days. The bond market is volatile, so the net worth performance of wealth management products invested in the bond market has also been affected to a certain extent. Take the "minimum holding of Jianxin Financial Longxin fixed income for 1 year (JX040301)" launched by Jianxin Financial Co., Ltd., the main investment bond of this product is 1 yuan. From April 24 to 26, the net value fell by 0% respectively.Baccaratlivedealer.05%, 0.03%, 0.06%, net worth rose on April 27, followed by a decline in product net value on April 28 and April 29.
BoCom Finance issued "BoCom Financial Management steadily enjoy Smart Huili Rikai No. 1 (180-day holding period) financial products", which invests in bond assets and properly allocates preferred stocks and other assets. the cumulative net value of the product also decreased on April 25, April 26, April 28 and April 29.
After the arrival of the "new regulations on asset management", the supervision requires product managers to disclose the net value of products on a regular basis, so that the opacity of the internal investment operation of financial products in the past is broken, and the change of net value of products in the process of holding positions is clear at a glance. China Merchants Banking ZhaoRuiTian gold enterprising relative income (107116) products also showed a slight retracement in net value before, April 24, April 25, April 26, April 28, April 29, the net value of the product fell 0.03%, 0.01%, 0.03%, 0.01%, 0.04%, respectively.
Talking about the reasons for the withdrawal of the net worth of some products, Wang Hongying, director of the China (Hong Kong) Financial Derivatives Investment Research Institute, said that the decline in the net worth of some fixed income wealth management products is a relatively normal phenomenon in the current financial market environment. As fixed income assets, the value of bonds will fluctuate up and down with the change of market interest rate, so the normal fluctuation of the net value of bond financial products is predictable and reasonable.
In 2022, the wealth management market experienced two "breakdowns". In March of that year, the equity assets incorporated into many financial portfolios directly dragged down the overall income performance under the circumstances of increased stock market volatility, which in turn led to a decline in the net worth of products. Seven months later, the second wave of "net breakage" followed, and this time the fuse was the turmoil in the bond market, and many pure solid income products were affected. Earnings fluctuated sharply.
Will the "clean tide" be staged in the future? In Wang Hongying's view, the correction of net worth is a normal phenomenon, but the probability of a large-scale "net break" is relatively small. From the perspective of investment strategy, we should hold a cautious attitude towards the financial management market. We should not blindly think that the choice of low-risk financial products is equal to zero risk. For investors who pursue conservative returns, it is recommended to choose traditional cash and savings products; on the contrary, if you consider dabbling in products such as bond funds, although the potential returns may be higher, there is also a greater risk of market volatility.
Jinle function analyst Liao Hekai pointed out that the withdrawal of some product net worth is mainly related to the volatility of the bond market, and this market adjustment is more seen as a process of phased adjustment. it is a natural pullback stage for the bond market after a strong rise in the past year, in line with the law of cyclical fluctuations in the financial market, and the phenomenon of "breaking the net tide" of financial products may not reappear. During this period, investors can also adopt more proactive strategies, such as by adjusting the timing of investment (timing strategy), try to capture a better entry or adjust the timing, in order to improve investment efficiency. Appropriately diversify the investment portfolio and include some mixed financial products, which can achieve a balance between risks and returns to a certain extent because they invest in bonds, stocks and other assets at the same time. It helps to smooth the impact of single market volatility on the overall investment portfolio.
From the trend, although experienced a brief correction, but so far, the net worth of many of the above-mentioned wealth management products has returned to the upward trend. When talking about the strategy of how to ensure the smooth fluctuation of overall net worth, Bank of Communications Financial Management said in an interview with the Beijing Business Daily that in the face of the volatile pattern of the market, it will give full play to the advantages of bank financial subsidiaries in obtaining low-wave assets and large-class asset allocation, reduce product volatility through proactive asset allocation and rotation performance, and strive to bring medium-and long-term stable returns to customers.