Introduction of asset management products
Asset management products refer to standardized financial products approved by the regulatory authorities, which are publicly raised by fund management companies or securities companies, or entrusted by specific clients as asset managers, and entrusted institutions as asset custodians, and invest in the interests of asset clients with entrusted assets. At present, the use of asset management business to issue fixed-income trust products is the result of financial innovation advocated by CSRC. In the future, it is a trend to split trust or launch trust products by using fund asset management and brokerage asset management. Fund asset management is one of the products supervised by CSRC. The products supervised by the CSRC require funds to be entrusted to designated banks in a unified way, and fund asset management and brokers cannot contact customer funds to ensure the safety of funds.
Since 20 12, relevant departments have intensively issued a series of "new policies" aimed at the asset management market, which indicates that the "pan-asset management era" has arrived. With the continuous decline of trust yield, the number of new projects of trust companies is decreasing. In this era of financial chaos, in addition to the continued popularity of trust products, many investors have turned their attention to asset management products, which are gradually sought after.
With the rapid growth of trust asset management scale, safe investment products have become the mainstream of the market. So at the end of 20 12, China Securities Association approved brokers and fund companies to carry out business trust business, so the asset management plan appeared in our sight.
The difference between asset management products and trust products
Compared with trust products, asset management products are different in that:
The essence of 1 is the same, but the channels are different, that is, the issuers are different: one is a trust company, the other is an asset management company, and it is a publicly funded subsidiary of a fund company. At present, 78 companies in China have issued such qualifications as of July 20 15;
2 Different supervision: trust is supervised by CBRC, and asset management plan is supervised by CSRC;
3 The filing time is different: the trust has been filed with the CBRC for 1 time, and it can be established if it is fully raised; The asset management plan shall be submitted twice, at the initial stage of raising 1 time, and after the full raising, the capital shall be verified 1 time, and the capital verification shall be established two days later;
4 Small amounts are different: there are 50 small trusts under 3 million, and there can be 200 small asset management plans.
Compared with other wealth management products, asset management projects have the following advantages:
Revenue 1: The asset management business began to be liberalized in the second half of last year. It's time to expand the market vigorously. In order to improve competitiveness, asset management companies will try to reduce the fees charged by financiers and give customers as much income as possible. For example, the same type of general asset management products will be about 0.5% higher than the trust.
2. Safety: At present, trust managers dug by asset management companies and people with many years of risk control experience in the financial industry are doing such projects. Generally speaking, the financing cost of products with high security is lower and lower with the change of the market, and they tend to provide financing for asset management companies. At present, these 32 asset management companies are all working on the first wave of projects, so they will be more cautious when choosing projects and have higher qualification requirements for projects. Therefore, they want to configure fixed projects with high cost performance.
The difference between asset management products