Three quarterly reports of the first batch of retirement target funds： heavy warehouse technology products
Three quarterly reports of the first batch of retirement target funds: heavy warehouse technology products
Original title: The first batch of retirement target funds’ third quarterly report disclosed: unanimously increase positions, heavy storage technology categories Source: Daily Economic News Every reporter Wang Ji every editor Xiao Ruidong Fund third quarterly report is intensive disclosure, “Daily Economic NewsThe reporter noticed that the position changes of the 14 pension target funds affiliated with Huabao, Huaxia, Bank of Communications Schroder, and CCB Fund in the third quarter, and the position of heavy positions was first announced. Judging from the information disclosed, buying warehouse funds has become the unanimous operation of pension target funds in the third quarter.In the allocation of heavy storage funds, despite the narrow fluctuations of the stock market in the third quarter, the pension target funds are still increasing their equity asset allocation against the trend.Among them, the top ten heavy storage funds for the China Xia Pension Target 2050 (FOF), which was established in March of this year, are allocating equity funds. In addition, under the theme of A-share “tech cows”, the allocation of pension target funds has also begun to tilt to technology growth assets. Increasing the fund’s position into a consistent expectation With the intensive release of the three quarterly public offering, pension target funds have naturally attracted widespread attention as an important asset class.”Daily Economic News” reporter noticed that many of the pension target funds that have been disclosed are buying funds in the third quarter, but they have undergone practical divisions for another very important investment class bond. Increasing the fund’s position has become the consensus expectation of the above-mentioned pension target funds in the third quarter, especially the pension target funds that are still in the construction period, and adding positions is more positive.For example, the China Pension Fund’s target date of 2035 (FOF), which was established in April this year, will cut fund positions from 54 at the end of the second quarter.61% increased to 79 at the end of the third quarter.07%; and for the Huabao Steady Pension (FOF), which was established almost at the same time, the target date of Huaxia Pension 2050 (FOF) is only a small increase in the third quarter due to the higher fund fund positions-as of the end of the third quarter, the aboveFund positions were increased by 1.93, 0.16 excellent to 74.43%, 88.69% high. And the first batch of China Xia pension target date 2040 (FOF) also has a small increase in operations, the end of the third quarter, the fund positions increased slightly by 0.95 perfect to 89.75%. ”Daily Economic News” reporters found that while fund positions have been consistently improved, the operation of pension target funds on bond assets has been differentiated.Some products have been sold off, such as Huabao Steady Ageing (FOF), which held bonds at the end of the second quarter as a percentage of the fund’s total assets.44%, which decreased to 2 at the end of the third quarter.84%, the amount of holdings over one million.Slightly, the target date of Huaxia Pension is 2040 (FOF), and the target date of China Pension is 2050 (FOF). The bond investment is selected to be added, and the bond investment amount will increase by 56 in the third quarter.430,000 yuan, 28.610,000 yuan. Heavy storage funds are fond of technology allocations. In contrast to the adjustment of the equity market last year, in the third quarter of this year, a number of pension target funds were particularly active in the allocation of equity funds and preferred to invest in technology assets. Take Huaxia Pension’s target date of 2040 (FOF) as an example. At the end of the third quarter, among the top ten heavy storage funds, there were six equity allocations, including active technology funds such as Southern Preferred Growth and E Fund’s Emerging Growth Hybrid.Fund manager Xu Liming said in the third quarterly report that after comprehensive consideration of various domestic and foreign factors, he was relatively optimistic about the structural market of A shares, so he increased his equity assets.There are two main directions, one is consumer assets with relatively high certainty, and the other is technology growth assets that benefit from China’s economic structural transformation. Driven by 5G, cloud computing and other industrial chains, the technology sector will usher in a structural market in the second half of 20四川耍耍网19, and pension target funds that lurk in the technology field in advance are not a few.For example, the target date of Huaxia Pension is 2035 (FOF). In the allocation of equity funds at the end of the second quarter, it mainly tracks Huaxia CSI 500 ETF, Huaxia CSI 300 ETF, Southern China Securities 500 ETF and other index ETFs.Growth advantages are mixed, and Great Wall New has preferred active technology asset allocations such as Hybrid A. As the stock market fluctuated and recovered, the proportion of equity asset allocation of pension target funds rose at the same time.For example, out of the top ten heavy storage funds of the Huaxia pension target date of 2035 (FOF), five equity funds were allocated at the end of the third quarter; Hua’an pension target date of 2030 (FOF) only had two index funds at the end of the second 无锡桑拿网 quarter.Equity funds accounted for 12.4%, and further increased to 36 at the end of the third quarter.87%, the proportion of equity funds in the top ten heavy storage funds increased to 5; In addition, the top ten heavy storage funds of the China Retirement Target Date 2050 (FOF) are all equity fund products. It is worth mentioning that thisOnly the fund has laid out equity funds in a big way since its establishment. In the third quarter, only half of the heavy warehouse funds were exchanged.