I "fund treasure" is the fund in the fund (FoF).
Fund in Fund (FoF) is another mature wealth management product that landed in China after LOF and ETF, and its investment targets are various funds. It came into being in America in the early 1990s and developed rapidly. During the period of 10, the number of fof in the United States has reached 2 13, with total assets as high as $48 billion.
Second, FoF: double professional management
On the basis of "expert financial management and expert management" of funds, we select funds to enter the portfolio and realize double professional management. By establishing a portfolio, the fund disperses risks; On this basis, FoF once again carefully selected funds to spread risks.
Third, the first batch of innovative pilot brokerage wealth management products in China
"Fund Treasure" is an innovative wealth management product launched by China Merchants Securities. Its full name is "China Merchants Securities Fund Treasure Collection Asset Management Plan", which belongs to the second phase of China Merchants Entrusted Financial Management Plan.
Fourth, the mode of operation.
Operate in strict accordance with the relevant provisions of the collective asset management plan in the Trial Measures for Customer Asset Management Business of Securities Companies.
The funds are held by the bank.
Trading through dedicated seats
It has strict risk control system and means.
Weekly net worth report, interim and annual asset management report and asset custody report; Issue interim reports and announcements in case of major events.
When making a profit, pay dividends at least once a year.
Verb (abbreviation of verb) investment scope
Equity funds -0-95%
Cash assets -5- 100%
ETF-related stocks -0-2%
Intransitive verb investment team
1. Vice President in charge: Mr. Zhang Yuping.
China securities industry veteran, 10 years experience in investment management and investment banking.
2. Investment Director: Mr. Liu Xingming.
8 years experience in securities investment, and now he is the general manager of China Merchants Securities Investment Management Department.
3. Investment Manager: Mr. Guo Zhijiang
Senior Investment Manager of China Merchants Securities, Master of Tsinghua University. With 5 years of investment management experience, the average rate of return of accounts managed in 2004 was close to 30%.
4. Investment team
* * * is composed of 18 people, and 88% of them have a master's degree or above.
Engaged in securities work for more than 7 years on average.
Professionals include Wall Street Merrill Lynch returnees.
Seven. research team
The fund research group consists of more than 10 senior personnel with financial engineering background.
Fund performance evaluation and portfolio analysis are leading the industry.
Regularly publish the performance and portfolio analysis report of the fund.
Publish the star rating results of authoritative funds in china securities journal every month.
Senior analyst Yang Ye was hired as an ETF judge of Shenzhen Stock Exchange and an ETF consultant of Shanghai Stock Exchange.
Eight, asset allocation strategy
Closed-end fund (initial allocation ratio is 30%). Over-investment in the fund whose remaining term matches the duration of the "fund treasure" and holding it at maturity in order to obtain the benefits brought by the high discount of closed-end funds.
Open-end fund (initial allocation ratio 60%). Relying on the fund evaluation system of China Merchants Securities R&D Center, the fund management companies and their funds are rated, and all kinds of funds with standardized management and excellent performance are invested.
ETF-related stocks (no more than 2%). Give full play to the advantages of professional investors, capture the discount and premium opportunities of the market in time and carry out real-time arbitrage on the same day through quantitative ETF arbitrage strategy and advanced programmatic trading system.
Nine. anticipated revenue/income
It is estimated that the total yield of "Fund Treasure" in three years is as high as 15%.
X. Administrators and custodians
"Fund Treasure" is an innovative wealth management product jointly launched by two major companies of China Merchants.
The manager is China Merchants Securities and the custodian is China Merchants Bank.
Time of account opening and participation: 9:30- 15:00 on trading days of Shanghai Stock Exchange and Shenzhen Stock Exchange.
1. Complete the deposit account card of China Merchants Securities (cattle card) or the RMB current account of China Merchants Bank, China Merchants Bank and China CITIC Industrial Bank in advance, and deposit the full amount of participating funds.
2. Submit the following materials to the outlets and handle the account opening procedures:
(1) Original and photocopy of valid identity documents (ID card, military ID card, passport, etc.). );
(2) The completed account opening contract of China Merchants Securities Fund Bao Ji Asset Management Plan;
(3) If an agent is entrusted by others, a notarized power of attorney, the valid identity certificate of the agent and a copy thereof shall also be provided.
3. When opening an account, you can go through the participation procedures at the same time, and you need to fill in the application form for submitting the collective asset management business of China Merchants Securities.
For the convenience of investors, during the opening period, customers of China Merchants Securities and China Merchants Bank can open accounts, participate in and withdraw from business online through the Internet. Before the opening, investors can also make an appointment to participate in China Merchants Securities Niuwang.
1. Individual customers who have completed China Merchants Securities Deposit Account Card (Niu Card) or China Merchants Bank Card or RMB Current Account at the counter and deposited their full participation capital can open an account online and participate in the application.
2. Customers of China Merchants Securities can visit China Merchants Securities Niuwang www.newone.com.cn; Customers of China Merchants Bank can log on to www.cmbchina.com, the online bank of China Merchants Bank.
3. Business acceptance time: 24-hour service, entrustment after 15: 00 on the same day, and processing on the next working day.
4. If investors handle online account opening and participation procedures, they need to use a valid password to operate.