Bank investment models have five classification methods: risk, term, investment direction, structure, and channels.

1. Bank investment models are divided according to risk level

Based on risk level, bank investment models are divided into guaranteed past return products, capital guaranteed floating past return products, and non-capital guaranteed floating past return products. Three types of products. Hengdeli, Hengyoucai, and common trusts on the Zhanheng Fund Network (trusts are invisible rigid redemptions) generally belong to the investment model of fixed past returns; the bank investment model is mainly capital-guaranteed and floating past return investment; securities investment The model generally belongs to the non-guaranteed floating past return investment model.

Generally speaking, the investment risk of guaranteed past return products is lower than that of capital-guaranteed floating past return products, which is lower than that of non-capital-guaranteed floating past return products. However, the specific risk level is also comprehensively considered with reference to other factors such as investment targets and structural design.

2. Bank investment models are divided according to the length of the term

According to the length of the term, the bank investment model can be divided into open-ended products (can be purchased and redeemed at an agreed time every day or every week) (back), ultra-short-term products (within one month), short-term products (1 to 3 months), medium-term products (3 months to 1 year), and long-term products (more than 1 year). Generally speaking, because the longer the term, the greater the liquidity risk, the higher the past returns. In addition, open-end products need to maintain a certain degree of liquidity to meet redemption requirements, and the proportion of liquid assets such as currency needs to be increased in asset allocation, which will reduce the past profitability of the product to a certain extent.

3. Bank investment models are divided according to investment direction

Based on investment direction, bank investment models can be divided into money market products (investment in interbank lending, short-term securities market, bond derivatives market ), capital market products (investing in stocks, bonds, funds), industrial investment products (investing in credit assets, equity investments). Risks are related to the specific subject matter of the investment. Common bank investment models include trust type, linked type, QDII type, etc.

The trust bank investment model invests in trust products that have beneficiary rights to high-quality credit assets of commercial banks, or are guaranteed or repurchased by commercial banks or other financial institutions with higher credit ratings.

Linked bank investment model products are linked to exchange rates, interest rates, international gold prices, international crude oil prices, Dow Jones Index, Hong Kong stocks and other related markets or products.

The essence of the QDII bank investment model is overseas investment on behalf of customers, that is, customers entrust RMB funds to qualified domestic investment institutions (such as commercial banks that have obtained the qualification for overseas investment business on behalf of customers), and the qualified domestic investment institutions The institution converts RMB funds into U.S. dollars and directly invests overseas. After maturity, the past earnings and investment principal in U.S. dollars are converted into RMB and distributed to customers.

4. Bank investment models are classified according to design structure

Based on design structure, bank investment models can be divided into single products and structured products. Structured products refer to investment models with financial derivatives embedded in the transaction structure. Since financial derivatives are generally margin transactions, they have the characteristics of using small amounts to make big gains, with higher risks and higher past returns.

5. Bank investment models are classified by issuance and purchase channels

Based on issuance and purchase channels, bank investment models can be divided into traditional channels and emerging channels. Traditional channels include banks, insurance companies, securities companies, futures companies, fund companies, etc. Emerging channels refer to third-party investment and comprehensive investment service institutions such as Zhanheng Fund Network. In view of the fact that emerging investment channels have good services, low fees, and have obvious advantages in terms of product types, innovation, and past profitability, more and more investors tend to choose emerging channels for investment models.