On November 17, Capital State learned that China Foreign Trade Trust’s FOF business scale has reached a new high recently, exceeding 20 billion yuan, leading the trust industry.
It is reported that China Foreign Trade Trust started FOF business in 2013, expanded and built a professional FOF investment research team, gradually established an asset allocation framework and fund performance analysis and evaluation system, and built a centralized investment research, operation management, risk monitoring, and performance analysis system.
An all-in-one FOF investment research management platform.
In addition to China Foreign Trade Trust, many trust companies also focus on FOF business and have achieved rapid development in terms of product number, product scale and investment income.
As of August this year, Shanghai International Trust has issued dozens of FOF products, and its overall management scale has exceeded 10 billion yuan.
In addition, on September 22 this year, the first actively managed FOF product "Hangzhou Gongxin Guangyuan No. 1 Collective Fund Trust Plan" issued by Hangzhou Industrial and Commercial Trust expired.
Among them, the cumulative return rate of Class A trust is 27.40%, and the cumulative return rate of Class B trust is 60.24%, both exceeding the income benchmark.
After years of development, trust companies have gradually enriched their FOF product lines and successively launched products with complete strategy types and obvious risk-return characteristics, including fixed income, hedging, equity and macro allocation, etc., and their sales channels have achieved extensive coverage.
China Foreign Trade Trust stated that the mature development of FOF business is based on the long-term cultivation of the company's self-operated funds.
However, the investment evaluation of products by its self-operated funds is not simply the pursuit of returns or control of drawdowns, but more from the perspective of long-term equilibrium of product volatility, Sharpe ratio and winning rate, which also puts forward higher requirements for product investment management.
requirements.
This article comes from Capital State.