summary
According to the monitoring data of Puyi Standard, as of June 27, 2024, BOC Wealth Management has issued a total of 34 first-level series, 18 second-level series and 8 third-level series. From the perspective of the first-level series, the Wenfu series has the largest number of products issued, with an operation period of 1 to 1827 days.
As of June 27, 2024, the largest number of existing wealth management products of Bank of China is the Wenfu series, with 358 existing products and an existing scale of 462,033,451,800 yuan.
As of June 27, 2024, in terms of income performance, among the top 5 series with the largest number of existing wealth management products, the low-carbon premium series with the best short-term performance is the low-carbon premium series, with an average annualized rate of return of 4.7286% in the past three months. The best performer in the long term is the Ruixiang series, with an average annualized return of 5.4107% in the past 1 year.
As of June 27, 2024, in terms of risk performance, from the perspective of net breakage, there are 19 series of BOC wealth management products with a net breakage rate of 0% in the past three months. From the perspective of drawdown, among the top 5 series with the lowest average of the largest drawdown in the past 3 months, there are 4 series in which all products have not experienced a drawdown in the past 3 months.
As of June 27, 2024, the top 5 series with the largest number of Wealth Management redemption products are: Stable Wealth Series, Stable Enjoyment Series, Ruixiang Series, Zhifu Series, and Low-carbon Preferential Series, among which the Wisdom Series does not disclose the product redemption information, so the average redemption yield cannot be calculated, and the average redemption yield of the other 4 series is: 3.0480%, 1.5779%, 2.3525%, and 2.1225% respectively.
Statistical description
This report is all based on the product level, that is, all the products that meet the conditions under the screening series are counted, and the data statistics are carried out between various indicators of the products. Unless otherwise stated, all statistical results in this report exclude non-net worth products, structured products and foreign currency products.
When calculating the rate of return, select the date of return within the last 3 months to participate in the statistics. When calculating the net breaking rate, select the series that have disclosed the net value in the past 3 months, and count whether the product has ever broken the net in the past 3 months. When calculating the drawdown, the maximum drawdown of each product as of the latest date as of the statistical date is selected to participate in the statistics, if the series only includes cash management products and does not disclose the cumulative net value, it will not participate in the calculation.
When calculating the overall redemption quantity and the redemption quantity of closed-end products, if there are multiple sub-shares that meet the statistical conditions during the statistical period, the data of each sub-share that meets the requirements will be included in the calculation; When calculating the redemption quantity of open-ended products, if there are multiple sub-periods that meet the statistical conditions in the statistical period, the data of each sub-period that meets the requirements will be included in the calculation. When calculating whether the lower limit of the performance benchmark is reached, when the performance benchmark is non-numerical or the institution does not disclose the product redemption information, resulting in the inability to calculate the redemption income, it is impossible to determine whether the product meets the performance benchmark, so the sum of the number of products that reach the lower limit of the performance benchmark and the number of products that do not meet the lower limit of the performance benchmark may be less than the redemption quantity.
In addition, the discrepancies between the statistical results and the previous reports are caused by the later supplementary product data or the adjustment of the statistical caliber, please refer to the latest date of the report.
Risk Warning: There are errors in the data statistics, which are for reference only.
First, the overall overview of the series
(1) Overall overview
Adhering to the tenet of "customer-oriented, continuous innovation", BOC Wealth Management has built a public and private, domestic and foreign currency product system covering four major investment types of current management, fixed income, hybrid and equity, and five major product forms: closed, daily open, regular open, shortest holding and cycle rollover, and actively carries out product innovation in technology, green, pension and cross-border. In particular, in response to the financial needs of customers of different ages, BOC Wealth Management has launched four pension series, namely "Fu", "Lu", "Shou" and "Jubilee", embedding the concept of pension into wealth management products.
As of 27 June 2024, Wealth Management has issued a total of 34 first-level series, 18 second-level series and 8 third-level series.
From the perspective of the first-level series, the number of products issued by the Wenfu series is the largest, and the operation mode of the series includes closed-ended, daily open, customer cycle, fixed opening (the same period of subscription and redemption), the minimum holding period, and other semi-open types, mainly closed-ended, and the fundraising method is public offering, with an operation cycle of 1 to 1827 days, and the investment nature is fixed income, and the risk level includes first, second, and third, mainly second-level.
As of June 27, 2024, a total of 1,107 products have been issued in the Wenfu series, with a total issuance scale of 73,711,969.61 million yuan, and the average performance benchmark of the products is 3.7678%. A total of 739 products were issued in the Wenxiang series, with a total issuance scale of 328,611,544,100 yuan, and the average performance benchmark of the products was 3.4943%.
(2) Statistics according to the mode of operation
From the perspective of different modes of operation, the Wenfu series issued the most open-ended products, with a total of 188 issuances, with an issuance scale of 142,612,476,200 yuan, and the average performance benchmark of the products was 3.4804%. Among the top 5 open-ended series in terms of the number of issuances, the Zhifu series has the highest average performance benchmark, and the lowest is the Tiantian series.
The Wenfu series issued the most closed-end products, with a total of 919 issuances, with an issuance scale of 594,507,219,900 yuan, and the average performance benchmark of the products was 3.8096%. Among the top 5 closed-end series in terms of number of issuances, the Zhifu series has the highest performance benchmark, and the lowest is the Wenxiang series.
(3) Statistics according to the nature of investment
From the perspective of different investment natures, the Wenfu series issued the most fixed income products, with a total of 1,107 issuances, with an issuance scale of 737,119,696,100 yuan, and the average performance benchmark of the products was 3.7308%. Among the top 5 fixed-income series in terms of issuance, the highest performance benchmark is the Ruixiang series, and the lowest is the daily series.
The Zhifu series issued the most mixed products, with a total of 162 issuances, with an issuance scale of 62,132,362,200 yuan, and the average performance benchmark of the products was 4.8268%. Among the top 5 hybrid series in terms of number of issuances, the Lu series has the highest performance benchmark, and the lowest is the technology pilot series.
The Zhen series issued the most equity products, with a total of 44 issuances, with an issuance scale of 8831.72 million yuan, and the average performance benchmark of the products was 5.0409%.
Second, the survival of the series
(1) Overall overview
1. Quantity and scale
As of June 27, 2024, the top 5 series with the largest number of existing wealth management products are: Stable Wealth Series, Stable Enjoyment Series, Smart Enjoyment Series, Everyday Series and Low Carbon Priority Series. Among them, there are 358 Wenfu series products with the largest number of surviving products, with an existing scale of 462,033,451,800 yuan.
2. Earnings performance
In terms of revenue performance, among the top 5 series with the largest number of existing products, the best short-term performance is the low-carbon premium series, with an average annualized rate of return of 4.7286% in the past three months. The best performer in the long term is the Ruixiang series, with an average annualized return of 5.4107% in the past 1 year.
3. Risk performance
In terms of risk performance, from the perspective of net breakage, there are 19 series with a net breakage rate of 0% in the past three months in the BOC wealth management products, and the top 5 series ranked according to the number of existences are: Wenfu series, low-carbon preferential series, Tiantian series, Jufu series, and specialized and special new series.
From the perspective of drawdown, the top five series with the lowest average level of the largest drawdown in recent March in the Bank of China wealth management products are: Tiantian series, Puhui Hengying series, Juxiang series, Zhen series, and Ruixiang series. Among them, there are 4 series in which all products in the series have not had a drawdown in the past 3 months.
(2) Statistics according to the mode of operation
1. Quantity and scale
From the perspective of different modes of operation, the Wenfu series has the most open products, with a total of 185 products, and the scale of existence as of June 27, 2024 is 377,725,869,600 yuan.
The Wenxiang series has the largest number of closed-end products, with a total of 189 products, and the scale of existence as of June 27, 2024 is 115,034,459,500 yuan.
2. Earnings performance
For open-end products, among the top 5 series with the largest number of surviving products, the best short-term performance is the Zhifu series, with an average annualized rate of return of 4.2959% in the past three months. The best long-term performer is the Stable Enjoyment series, with an average annualized return of 2.9985% over the past 1 year.
For closed-end products, among the top 5 series with the largest number of surviving products, the best short-term performance is the specialized, special and new series, with an average annualized rate of return of 4.9283% in the past three months. The best long-term performer is the Ruixiang series, with an average annualized return of 5.4107% over the past 1 year.
3. Risk performance
From the point of view of net breakage, there are 15 series with a net breakage rate of 0% in the past 3 months among the open-ended products of Bank of China Wealth Management, and the largest number of surviving products is the stable wealth series.
There are 14 series of closed-end products with a net breaking rate of 0% in the past 3 months, and the largest number of surviving products is the Wenfu series.
From the perspective of drawdown, the top 5 series with the lowest average level of the largest drawdown in recent March are: Tiantian series, Pratt & Whitney Hengying Fixed Income Enhanced Series, Overseas Preferential Series, Stable Enjoyment Series, and Tiantian Series. Among them, there are 3 series in which all products in the series have not had a drawdown in the past 3 months.
The top 5 series with the lowest average level of the largest drawdown in recent March are: New Town Huiying Series, Pratt & Whitney Hengying Series, Juxiang Series, Zhen Series, and Ruixiang Series. Among them, there are 4 series in which all products in the series have not had a drawdown in the past 3 months.
(3) Statistics according to the nature of investment
1. Quantity and scale
From the perspective of different investment models, the Wenfu series has the most fixed income products, with a total of 358 products, and the scale of existence as of June 27, 2024 is 462,033,451,800 yuan.
The Zhifu series has the largest number of hybrid products, with a total of 34 products, and the scale of existence as of June 27, 2024 is 9,762,840,900 yuan.
The Zhen series has the largest number of equity products, with a total of 19 products, and the scale of existence as of June 27, 2024 is 4102095100 yuan.
2. Earnings performance
For fixed income products, among the top 5 series with the largest number of existing products, the best short-term performance is the low-carbon preferential series, with an average annualized rate of return of 4.7286% in the past three months. The best long-term performer is the Ruixiang series, with an average annualized return of 5.4107% over the past 1 year.
For hybrid products, among the top 5 series with the largest number of existing products, the best short-term performance is the ESG premium series, with an average annualized return of 5.7071% in the past three months. The best long-term performance is the specialized, special and new series, with an average annualized rate of return of 3.2268% in the past 1 year.
For equity products, among the series with the largest number of existing products, the best short-term performance is the Zhen series, with an average annualized rate of return of 5.2883% in the past three months. The best long-term performer is the Ding series, with an average annualized rate of return of 5.7888% in the past 1 year.
3. Risk performance
From the point of view of net breakage, there are 14 series of fixed income products with a net breakage rate of 0% in the past three months, and the largest number of survival is the Wenfu series.
There are 5 series of mixed products with a net failure rate of 0% in the past 3 months, and the largest number of surviving products is the specialized and special new series.
Among the equity products, there are 2 series with a net failure rate of 0% in the past 3 months, and the Zhen series has the largest number of existences in the ranking according to the number of existences.
From the perspective of drawdown, the top 5 series with the lowest average level of the largest drawdown in recent March among the fixed income products of Bank of China are: Tiantian series, Puhui Hengying series, Juxiang series, Ruixiang series, and Puhui Hengying fixed income enhanced series. Among them, there are 3 series in which all products in the series have not had a drawdown in the past 3 months.
The top 5 series with the lowest average level of the largest drawdown in recent March in the mixed products are: Science and Technology Pilot Series, Specialized and Special New Series, Consumer Select Series, Zhifu Series, and Lu Series. Among them, the series has had a retracement in the past 3 months.
Among the equity products, the series with the lowest average level of the largest drawdown in recent March are: Zhen series and Ding series. Among them, there is 1 series in which all products in the series have not had a drawdown in the past 3 months.
3. Series of redemptions
(1) Overall overview
In terms of redemption, the top 5 series with the largest number of redemption products are: Stable Wealth Series, Stable Enjoyment Series, Wisdom Series, Zhifu Series, and Low-carbon Preferential Series, among which the Wisdom Series does not disclose the product redemption information, so the average redemption yield cannot be calculated, and the average redemption yield of the other 4 series is: 3.0480%, 1.5779%, 2.3525%, and 2.1225% respectively.
(2) Statistics according to the mode of operation
From the perspective of different modes of operation, the open-end product with the largest number of redemption periods is the Wenfu series, with a total of 51,076 redemption periods, and an average redemption yield of 2.7638%. Among the top 5 series in terms of the number of redemption periods, the highest redemption compliance rate is the Jufu series, with a total of 825 redemptions, and the number of products that have reached the lower limit of the performance comparison benchmark is 725 periods, and the redemption compliance rate is 88.5200%.
Among the closed-end products, the largest number of redemption products is the Wenfu series, with a total of 1,032 redemptions and an average redemption yield of 3.0663%. Among the top 5 series in terms of the number of redemption products, the highest redemption compliance rate is the Wenfu series, with a total of 1,032 redemptions, and the number of products that meet the lower limit of the performance comparison benchmark is 364, with a redemption compliance rate of 42.5200%.
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