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three quarters have passed in 2024. judging from the first three quarters, the overall performance of pension target funds is relatively average.

according to the data disclosed so far, nearly 200 pension target funds have achieved positive returns, accounting for less than half. many equity-containing funds also quickly "recovered" in the last week of september.

in addition, in terms of new fund issuance, data shows that only 20 pension target funds were newly established in the first three quarters, with a cumulative establishment scale of only 2.315 billion yuan, less than half of the same period last year.

in terms of fund liquidation, a total of 12 pension target funds announced their liquidation in the first three quarters of this year, and most of them were three-year and five-year products.

1. the returns of 17 pension target funds this year have reached or exceeded 3%.

in the first three quarters of this year, many equity-containing funds performed poorly before the last week of september, including pension target funds.

with the continued rise in the last week of september, many funds quickly "recovered". the "daily economic news" reporter noticed that in terms of pension target funds, the data disclosed so far shows that nearly 200 funds have achieved positive returns this year, of which 17 funds have achieved or exceeded 3 %.

since the disclosure of the net value of pension target funds is lagging behind, if the gains in the last two trading days of september are included, the actual "recovery" is likely to be even greater.

(data source: wind, net value as of september 26 or september 27)

while recovering quickly, there are still many funds whose returns during the year are still below -5%:

(data source: wind, net value as of september 26)

it can be seen from these products that they are basically three-year and five-year funds with relatively high equity. among them, many products under china asset management have returns below -10%.

2. the issuance scale decreased by more than half year-on-year

looking at the issuance and establishment situation in the first three quarters, wind data shows that a total of 20 new pension target funds were established in the first three quarters, with a cumulative establishment scale of 2.315 billion yuan. among them, only 8 products have a scale of establishment reaching or exceeding 200 million yuan.

compared with 2023, the cumulative number of newly established funds in the first three quarters was 52, with a scale of 5.054 billion yuan.

it can be seen that in the first three quarters of this year, both the number and scale of pension target funds established were less than half of those in the same period last year.

3. twelve pension target funds have announced their liquidation

wind data shows that in the first three quarters of this year, a total of 12 pension target funds announced their liquidation, and the reasons for liquidation were all triggering contract termination clauses.

furthermore, most of these funds are three-year or five-year products. after three years of operation, they are basically liquidated because their scale cannot reach the survival threshold of 200 million yuan.

daily economic news