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Today, I saw some netizens revealing that the net value of the Tuoyuan Anxiang series products and Ruixiang series products under Everbright Trust have stopped updating, and the related products’ detour investments are suspected to have been liquidated, and investors may face huge losses. Everbright Trust has not responded so far.

According to the netizen’s revelation, the net value on May 31 showed that the product fell 6% in a single week, and there has been no net value update since then. According to gossip, the equity part of these two products of Everbright Trust was invested in the highly leveraged Snowball product, which is currently suspected to have collapsed.

According to public information on the community platform, Ruixiang is an internal product of Everbright Anxiang, which means that the fixed income and equity parts of Anxiang are swapped in proportion, with fixed income accounting for 30% and equity accounting for 70%.

The Everbright Trust Tuoyuan Anxiang series products provided by netizens are actually a fixed-income product, with fixed-income investment accounting for 70% and non-fixed income 30%. The closed period is 24 months, and the floating trust remuneration accrual basis is 6%.

You see, the Anxiang series of products should be very safe because they contain 70% fixed income, but why did the net value of the trust fall by 6% in a single week?

First of all, Jinshi doesn't understand what this so-called internal product of Ruixiang is? Is it a separate product or is Anxiang's funds used to invest heavily in equity?

Secondly, according to gossip, the equity portion of Anxiang and Ruixiang was invested in Snowball's high-leverage products, and their positions were liquidated. In fact, they bought Snowball products with leverage, and once they were knocked in, they would be liquidated and all their equity funds would be wiped out.

Note: No leverage is added, just a tap-in, does not represent actual loss, those who do not understand can click on my historical articles:

In other words, if Everbright Trust launched Anxiang and invested in Ruixiang or invested in Xueqiu's high-leverage products, the losses it faced would be huge, and trust investors would undoubtedly face huge losses. At present, Everbright Trust has been slow to explain to investors and has not released relevant information.

Everbright Trust, which is 51% owned by Everbright Group controlled by Central Huijin Investment and 49% owned by Gansu local state-owned assets, has suffered a setback in performance in recent years, with revenue halved in the past two years and net profit down by more than 70%.

In 2023, Everbright Trust achieved revenue of 2.738 billion yuan, a sharp drop of 36.56% compared with 4.316 billion yuan last year; net profit was 368 million yuan, compared with 1.188 billion yuan last year, a sharp drop of 69%.

Just by looking at the asset distribution of Everbright Trust in 2021, we can roughly know one or two things about the decline in performance: the real estate market is in a downturn, and the underlying real estate trusts have collapsed one after another; the securities market is in a downturn, finance is making concessions, and the real economy is not doing well, any of which will drag down the performance of Everbright Trust.