Pension target fund, also known as FOF, refers to a publicly raised securities investment fund that aims at pursuing long-term stable appreciation of pension assets, encourages investors to hold them for a long time, adopts mature asset allocation strategies, and reasonably controls the risk of portfolio fluctuation.

The pension target fund is characterized by:

1. The closed operation period or the shortest holding period of investors of long-term pension target funds shall not be less than 1 year.

2. Mature investment strategies mainly include target date strategy and target risk strategy. The target date strategy is to gradually reduce the allocation ratio of equity assets and increase the allocation ratio of non-equity assets as the set target date approaches, such as "China and Europe hold a three-year mixed fund to foresee the target date of pension in 2035"; Target risk strategy is to set the benchmark allocation ratio of equity assets and non-equity assets according to specific risk preference.

3. If the equity investment requires the closed operation period of the pension fund to be opened regularly or the minimum holding period of investors is not less than 65,438+0 years, 3 years or 5 years, the total proportion of funds invested in stocks, equity funds, hybrid funds and commodity funds (including commodity futures funds and gold ETFs) shall not exceed 30%, 60% and 80% in principle.

4. Appropriate First of all, the age should be appropriate. For example, the China-Europe Prospective Pension 2035 Target Date Fund is a product designed for the pension investment needs of retirees around 2035. The post-70s people aged 40-45 can be seated accordingly. Secondly, the name of "providing for the aged" does not mean income guarantee. It must fully meet the requirements of investors' appropriateness and must not blindly invest.