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22 fund firms add 'fixed-income plus' products to personal pension scheme, Y shares from Sept 29
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China's personal pension fund product catalog has been expanded to include 'fixed-income plus' (固收+) products for the first time. On September 28, 22 fund managers, including E Fund, China Southern, Zhong Ou, China Merchants, China Asset Management, and others, announced they would add Y-class fund shares for certain partial-equity hybrid funds or secondary bond funds starting September 29. The expansion includes 10 partial-equity hybrid funds and 12 secondary bond funds. This follows previous inclusions of target-date FOFs and index funds. According to a notice from regulators, these 'bond-plus' products, which combine a bond base with equity enhancements, fill a risk-return gap between stable pension FOFs and more aggressive index funds, offering pension investors a new option for stable returns and smoothing the risk-return gradient of personal pension investments.
Source report
财联社9月28日电 个人养老金产品正式扩展至“固收+”品类。易方达、南方、中欧、招商、华夏、汇添富、天弘、华安、广发、鹏华、永赢、东证资管等22家基金管理人同时宣布，自9月29日起对旗下部分偏债混合产品或二级债基增设Y类基金份额。
具体来看，此次新增的Y类基金份额中：
- 10只为偏债混合基金
- 12只为二级债基
这是个人养老金基金名录继养老目标FOF、指数基金之后的又一次重要扩围。
从产品谱系来看，“固收+”产品以债券资产作为底仓、权益资产作为增强，风险收益特征介于稳健型与进取型之间，恰好填补了养老目标FOF与指数基金之间的空白。这意味着追求稳健收益的养老投资者迎来了更贴合需求的新选择，个人养老金投资的风险收益梯度由此更加平滑完整。
此前，根据《关于做好含权二级债基、偏债混合基金纳入个人养老金基金产品名录工作的通知》，含权二级债基与偏债混合基金已正式纳入个人养老金基金产品名录。（财联社记者 周晓雅）
Source
财联社Eastern
Part of this Story
China Expands Personal Pension Fund Catalog to Include 26 ‘Fixed-Income Plus’ Products