B[The first batch of 22 publicly offered “fixed income+” products were included in the directory of personal pension products] On September 28, personal pension products were officially enriched into the “fixed income+” category. 22 fund managers including E Fund, China Southern, China Europe, China Merchants, China Asset Management, China Universal, Tianhong, Huaan, GF, Penghua, Everwin, and Orient Securities Asset Management also announced that starting from September 29, they will add Y-type fund shares to some of their partial debt hybrid products or secondary debt bases, of which 10 will be partial debt hybrid funds and 12 will be secondary debt bases. This is another important expansion of the list of personal pension funds after pension target FOF and index funds. From the perspective of product pedigree, "fixed income +" products are based on bond assets and enhanced with equity assets. The risk-return characteristics are between stable and aggressive. It just fills the gap between pension FOF and index funds. It means that pension investors who pursue stable returns have a new choice that is more suitable for their needs, and the risk-return gradient of personal pension investment is thus smoother and more complete. Previously, according to the "Notice on the Incorporation of Rights-Containing Secondary Debt Bases and Partial Debt Hybrid Funds into the Directory of Personal Pension Fund Products", rights-containing secondary debt bases and partial debt hybrid funds were officially included in the directory of personal pension fund products. (Reporter Zhou Xiaoya) B[Domestic and foreign investors surveyed A-share companies nearly 6,000 times during the year] September 28th. Recently, in order to attract more overseas medium and long-term funds to enter the market, promote international investors’ understanding of the investment value of Shanghai-listed companies, and promote the high-level opening of the capital market to the outside world, the Shanghai Stock Exchange once again organized the "International Investors Go to Domestic Survey of Listed Companies" activity. Nearly 20 representatives of international asset management institutions from the United Kingdom, France, Singapore and other countries visited the front lines of Shanghai's science and technology innovation enterprises to experience the solid operating fundamentals and diversified growth drivers of Shanghai's science and technology innovation enterprises. Wind data shows that as of September 27, 640 foreign-funded institutions have participated in surveys of A-share listed companies during the year, with the total number of surveys reaching 5,949. From an industry perspective, the research path of foreign-funded institutions shows a pattern of focusing on technology, supplemented by consumption and medicine. (Securities Daily) B[The scale of private equity asset management of securities companies has increased month-on-month for 10 consecutive months] September 19th. Since the beginning of this year, the scale of private equity management of securities companies has maintained steady growth. The latest data released by the Asset Management Association of China shows that as of the end of July, the private equity asset management scale of securities firms reached 6.62 trillion yuan, a month-on-month increase of 2.27% and an increase of 14.16% from the end of last year. The scale hit a new high in the past 12 months and has maintained month-on-month growth for 10 consecutive months. From the perspective of product structure, among the four categories of products: fixed income, equity, futures and derivatives, and mixed products, fixed income products firmly occupy a dominant position. As of the end of July, the scale of fixed-income products was 5.22 trillion yuan, an increase of 11.43% from the end of last year, accounting for 78.83% of the total scale of securities firms' private equity asset management products. B[BAIC Motor Group Industrial Investment Co., Ltd. increases capital to RMB 5.535 billion, an increase of about 57%] According to the Tianyancha App on September 14, BAIC Motor Group Industrial Investment Co., Ltd. has recently undergone industrial and commercial changes, and the registered capital has increased from RMB 3.535 billion to RMB 5.535 billion, an increase of approximately 57%. The company was established in September 2012. Its legal representative is Gu Xin. Its business scope includes project investment, asset management, investment management, etc. It is wholly owned by Beijing Automotive Group Co., Ltd. B[BlackRock and Morgan Asset Management bet on emerging market bonds to withstand global bond market turmoil] September 7th, as the government bond markets of major economies fell into turmoil, Morgan Asset Management and BlackRock's funds found unexpected investment advantages in emerging markets. Prices of government bonds fell in markets from the United States to Japan as expectations for interest rates to remain high increased again amid inflation and fiscal concerns triggered by rising energy prices. However, many developing countries have escaped unscathed, due to relatively controlled inflation, already restrictive monetary policies and, in some cases, stronger fiscal positions. Some emerging markets have higher real interest rates and stronger fiscal conditions, providing investors with a source of income and a safe haven from volatility in major global bond markets. Pierre-Yves Bareau, chief investment officer for emerging market debt at J.P. Morgan Asset Management, said the recent global bond sell-off "makes emerging markets more attractive and plays a role in diversifying the allocation of income sources." “The resilience of this class of assets is showing,” said Elina Theodorakopoulou, emerging markets debt portfolio manager at Manulife Investment Management. She believes that the recent bond market sell-off has brought relative investment opportunities to global emerging market bonds. B[A number of asset management giants have begun to rebuild gold positions, optimistic about its cheap valuation and hedging value] September 4th, after the price of gold fell, some of the world's largest asset management companies have rebuilt gold positions, betting that even if the Federal Reserve takes a tougher stance in fighting inflation, the long-term factors supporting gold will continue. Amundi SA, Europe's largest asset manager, is buying gold and expects gold prices to return to $5,000 an ounce by the end of the year. Earlier this year, after gold prices fell from record highs, fund managers from Swiss Patek Asset Management, Robeco Institutional Asset Management BV and Fidelity International also re-added previously reduced gold positions. “Gold has become a much more accepted asset,” said Arnout van Rijn, portfolio manager at Robeco Multi-Asset and Equity Solutions, which manages about $464 billion. “It has become an integral part of every regular investment portfolio.” B[Schroeder buys longer-term U.S. Treasury bonds and believes that the current yield level is attractive] On September 3, the British asset management company Schroeder increased its holdings of longer-term U.S. Treasury bonds, saying that after the recent decline in the bond market, yields are about to peak. Johanna Kyrklund, global chief investment officer, said of the 10-year U.S. bond, “From a valuation perspective, its attractiveness has become more attractive than before,” adding, “After the recent market decline, we believe there are opportunities to hold some duration. Schroders has $1.15 trillion in assets under management. The firm added duration over the summer and added further in recent weeks. Kyrklund said in an interview on Thursday that Schroders adjusted its global bond allocation position to be slightly overweight duration, compared with underweight for most of this year and most of the past few years.
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