The average expected annualized rate of return of bank wealth management products is 4.37%.
Bank financing is no longer "guaranteed", and brokerage financing comes from behind.
Income list: Minsheng Bank's 95-day expected highest income 10.5% products ranked first.
Rating list: Bank of Communications 18 1 expected maximum income per day 10.3% products ranked first.
Selected product reviews
Product name: Juying FSCA 18756A
Issuer: Minsheng Bank
Financial comments: This wealth management product belongs to the structured deposit product of Minsheng Bank. The initial entrustment amount is 1 1,000 yuan, and the financing period is 35 days. The income type guarantee is fixed income. The expected minimum annualized rate of return is 2%, and the expected maximum annualized rate of return is 8%. It is worth noting that this product only guarantees the minimum income agreed in the contract, and does not guarantee additional income beyond the minimum income, which has certain risks.
According to djinn data &；; The financial product research center of the financial community website gives a comprehensive score of 99, with a profitability score of 100, an anti-risk score of 100 and a liquidity score of 94.96. It is sold all over the country.
(Note: This comment is for reference only, not as a basis for purchase. Investment is risky, so be careful when buying. )
Interpretation of key points
This week (65438+February 10 to 65438+February 16) * * * 274 banks issued 2054 wealth management products, with an average expected annualized rate of return of 4.37%. Average duration 164 days, 5 days less than the previous week. For the yield trend of bank wealth management products in the later period, an industry analyst believes that the market interest rate has increased slightly in the near future. Although the liquidity of funds this year is looser than in previous years, it is still slightly tight at the end of the year. It is expected that the yield of bank wealth management products will still rise slightly in the short term.
special focus
Bank financing is no longer "guaranteed", and brokerage financing comes from behind.
Recently, a number of listed companies have announced that they will use some idle raised funds and their own funds to purchase wealth management products that are due for redemption. According to the announcement, the main types of these wealth management products include: bank wealth management, structured deposits, special fund accounts and brokerage wealth management products. Among them, the income of most brokerage wealth management products is equivalent to or even slightly better than that of bank wealth management products. For the future development trend of brokerage asset management products, the industry believes that its advantages are more obvious.
Why do small banks have to manage money when they lose money?
After the release of the management measures for financial subsidiaries, most big banks announced that they would set up a subsidiary platform to undertake the original financial management business, which was expected. However, with the passage of time, many small banks have joined in, and even some banks are considered to be obviously losing money because of their small scale of financial management. Why do small banks have to open subsidiaries when they lose money? The logic is actually very simple because the rules of the game have been shuffled. If this step is not taken, the future market space will be further squeezed. The core driving force of the rise of wealth management business is financial disintermediation in the process of interest rate marketization, which is the biggest challenge faced by banks in debt business in recent years. On the other hand, the wealth management business actually gives banks with weak debt strength an excellent opportunity to overtake in corners, because if the wealth management business is strong, banks can not only get more low-cost funds at the debt end, but also form a joint force with on-balance-sheet credit at the asset end.
Market panorama
The circulation of 1.2054 wealth management products decreased by 63 compared with last week.
This week * * * 274 banks issued 2054 wealth management products, the number of issuing banks decreased by 14 compared with last week, and the circulation of corresponding products decreased by 63 compared with last week. In addition, 2,363 wealth management products expired this week, involving 3 12 banks.
2. The circulation of bank wealth management products ranks in the top ten.
The above data source: djinn Finance &；; Financial products research center in financial circles
Judging from the top ten banks in circulation, three of them are from state-owned banks, with a total of 46 1. 3 from joint-stock banks, with a total issue of166; Four companies from city commercial banks issued 184 products.
Specifically, Bank of Communications, China Construction Bank and China Bank rank among the top three in the circulation of wealth management products, among which Bank of Communications issued 180, an increase of 12 over last week; CCB issued 172 wealth management products, a decrease of 12 compared with last week; Bank of China issued 109 products, 4 more than last week.
expected yield
1. Weekly average expected rate of return of wealth management products with different maturities.
The above data source: djinn Finance &；; Financial products research center in financial circles
No wealth management products are issued within 7 days this week; 30 products with a maturity of 8- 14 days, with an average expected annualized rate of return of 3.84%; 22 products with a release period of 15 days-1 month, with an average expected annualized rate of return of 4.11%; 324 products with a release period of 1-3 months, with an average expected annualized rate of return of 4.24%; Products with a term of 3-6 months are issued at 83 1, with an average expected annualized rate of return of 4.38%; 674 products with a term of 6- 12 months were issued, with an average expected annualized rate of return of 4.42%; There are 160 products with a term exceeding 12 months, and the average expected annualized rate of return is 4.49%.
2. Rank of average expected income of bank products
The above data source: djinn Finance &；; Financial products research center in financial circles
By ranking the average expected rate of return of 274 banks, it is found that seven of the top ten banks are rural commercial banks and three are city commercial banks. Specifically, the average expected annualized rate of return of wealth management products issued by Zhangjiakou Commercial Bank is 6%, ranking first; The average expected annualized rate of return of five wealth management products issued by Harbin Rural Commercial Bank is 5.8%, ranking second; The average expected annualized rate of return of four products issued by Quanzhou Rural Commercial Bank is 5.50%, ranking third.
3. The expected rate of return in different periods is the highest.
The above data source: djinn Finance &；; Financial products research center in financial circles
Judging from most products with different expected returns, the types of product returns are non-guaranteed floating.
Among them, Quanzhou Bank 1 product "Earning Weekly Roll (2018-12-14)" occupies the first place in the period from 8 days to14 days with an expected yield of 4.3%. The 1 product "Jin Tiantian 1 2018001a-3" of Chongqing Rural Commercial Bank ranked first with an expected yield of 4.5% during the period from 15 to1month.
During the period from 1 to 3 months and from 6 months to 12 months, the two products of Bank of Communications took the first place with expected returns of 9.5% and 10.3% respectively.
China Minsheng Bank 1 product "Boying FSLA 18275A" takes the first place in the 3-to 6-month term with the expected yield of 10.5%. China Industrial and Commercial Bank 1 product "ICBC Broadcom SMGQ 18 17" takes the first place in 12 months and above with an expected yield of 7%.
Investment distribution
1, and the fixed type with capital preservation accounted for 5.4%, which was 0. 1 1% lower than last week.
This week, non-guaranteed floating income products accounted for 69.43%, down 0.76% from last week; Floating products with capital preservation accounted for 17.62%, a decrease of1.42% compared with last week; 5.4% of them are fixed with capital preservation, an increase of 0.11%compared with last week; Other types accounted for 7.55%.
2. 345 wealth management products issued in Beijing ranked first.
The above data source: djinn Finance &；; Financial products research center in financial circles
This week, Beijing issued 345 models, 45 more than last week, ranking first; Jiangsu Province issued 186, 28 more than last week, ranking second; Zhejiang province issued 158 models, 5 models less than last week, ranking third; Judging from the top ten distribution areas, most of them are concentrated in the eastern coastal provinces and first-tier cities.
Exclusive ranking of financial circles
1, the top ten products with the highest expected income this week
The above data source: djinn Finance &；; Financial products research center in financial circles
2. The product rating this week is TOP 10.