165438+1On October 28th, the National Social Insurance Company announced the first batch of Catalogue of Individual Pension Products, and 129 pension target fund products from * * 40 fund companies were shortlisted. The first batch of selected products are all FOF(FundofFunds in Funds).
From the institutional point of view, there are 9 fund companies with more than 5 selected funds, among which Huaxia Fund has the most selected funds, with 9 funds, southern fund and Huitianfu Fund with 8 funds, and E Fund and harvest fund with 7 funds.
Compared with direct investment in initial funds, the advantages of personal pension investment funds are that they can invest in a single Y-type fund without charging sales service fees, and they can be exempted from subscription restrictions and subscription fees (except those that should be charged and included in the fund assets according to law), and they can implement certain preferential rates for management fees and custody fees.
At the same time, the funds deposited in the personal pension account can be used to purchase commercial pension insurance, Public Offering of Fund, bank financing, savings deposits and other financial products. Personal income tax will not be levied on investment income for the time being. However, in the process of collection, individual income tax is calculated and paid at the rate of 3% alone.
Countdown to 2022, the special additional deduction of personal pension needs to be reported before the end of 65438+February. In other words, only the personal pension is paid in the last two weeks of the year. What kind of pension fund to buy has become the most concerned issue for investors.
Target date docking
The demand for old-age care for the post-70s and post-80s.
According to the goal setting of pension FOF, it can be divided into target date pension FOF and target risk pension FOF. The first batch of 50 target date funds include fund products with target dates from 2025 to 2050, with the target dates of 2035 and 2040 being the most, 12 and 14 respectively. On the whole, the first batch of selected products mainly meet the needs of the post-70s and post-80s.
Judging from the annualized net growth rate since its establishment, five target date-based pension FOFs such as Huaxia Pension in 2045, Jiashi Pension in 2050, Central Europe Pension in 2035, Southern Pension in 2035 and Huitianfu Pension in 2040 performed well. Since its establishment, the annualized net growth rate has been above 10%.
Huaxia Pension achieved excellent performance in 2045, with an annualized net growth rate of 1 1.78%. The third quarterly report of the fund shows that most of the top ten FOF funds are equity funds, including passive index, partial stock mixing and convertible bonds. By the end of the third quarter, the fund scale reached 94 1 100 million yuan, the largest withdrawal since its establishment 18.67%.
On the whole, the FOF with close target date has relatively low pension income and pays more attention to risk control. Since its establishment, the highest withdrawal rate is lower than that of products with a long target date. Since the establishment of three products with the target date of 2025, the average maximum withdrawal is less than 5%, while the maximum withdrawal of six products established in 2050 is more than 20%.
The target risk type covers most people's pension needs.
The target risk pension FOF accounts for a large proportion, and the first batch of 79 * * * were selected, including conservative pension FOF 1, stable pension FOF 58, balanced pension FOF 18 and active pension FOF 2. The target risk pension FOF covers most people's pension needs, among which stability accounts for the largest proportion, ensuring the long-term stable growth of pension products.
From the perspective of income and risk control, the target risk pension FOF belongs to "stable happiness", and the annualized rate of return of the best-performing products does not exceed 7%. Its advantage mainly lies in its more robust style compared with the target date type. Since its establishment, the average maximum extraction is less than 8%, which is much better than the target date type of 18.3%.
China Merchants Yue Yue Balanced Pension has performed best since the first batch of selected lists was established three years ago, and the annualized net growth rate will reach 6.9 1% in the next three years. The fund's third quarterly report shows that the top ten FOF funds are all other funds under China Merchants, mainly bond funds. By the end of the third quarter, the fund scale reached 253 million yuan, and the largest withdrawal since its establishment was 14.36%.
According to the changjiang securities Research Report, the target risk-based pension FOF has a great difference in income and withdrawal level due to different preset risk grade types and equity allocation ratios, but the risk-income differentiation is obvious, which conforms to its corresponding risk types, and the average monthly return rate relative to the benchmark remains above 57%. Overall, compared with passive asset allocation, it has certain investment value.