Previously, most bank wealth management products (excluding structured wealth management products) would clearly give a fixed rate of return within a fixed period of time. Although the bank marked "expected rate of return", people familiar with bank wealth management products know that this expected rate of return is the final rate of return.
Extended data:
The development and redemption cycles of the same net worth product are different. Take Shanghai Pudong Development Bank's 10 net worth products as an example. The opening cycle includes daily opening, monthly opening, quarterly opening, semi-annual opening and annual opening. Each open redemption period will give the current net value of the product.
Although different net-worth products have different rates of return, the real rate of return of these products has certain advantages compared with fixed-income wealth management products of the same period, and the annualized rate of return is 1-3 percentage points higher than that of traditional wealth management.
"Net worth products will gradually replace traditional fixed-income wealth management products, and will also become an important development direction of bank wealth management in the future." The relevant person in charge of Wenzhou Branch of Shanghai Pudong Development Bank said, however, it should be reminded that net worth products have a wide range of investment, higher yield and investment risk than traditional wealth management products, and are a wealth management product for investors with strong risk tolerance.
People's Daily Online-Shanghai Pudong Development Bank's net worth wealth management products are concerned by the market.