Equity insurance asset management rate of return to catch up with the public funds, how competitive with Taiwan?

category:Finance
 Equity insurance asset management rate of return to catch up with the public funds, how competitive with Taiwan?


Consistent with the requirements of the new large asset management regulations, insurance asset management products are divided into fixed income, equity, commodity and financial derivatives and mixed products.

Since the beginning of this year, the yield of public funds has exceeded that of public equity funds. At the same time, there are also a considerable number of insurance asset management products with negative growth, and the proportion exceeds the proportion of negative growth in public funds. The performance differentiation is more serious than that of equity public offering products.

So, standing on the competitive platform of big asset management, how about the winning chance of insurance asset management?

Equity insurance asset management to catch up

According to the comprehensive survey data of insurance asset management industry from 2019 to 2020 released by China Insurance Asset Management Association, by the end of 2019, there were 35 participants in the insurance asset management industry, with a total asset management scale of 18.11 trillion, accounting for 15% of the total scale of large asset management industry. In 2019, the growth rate of scale will be 16.45%, a new high in three years.

In addition, by the end of May 2020, the utilization balance of insurance funds has reached 19.6 trillion yuan, of which the scale of investment in stocks and funds has reached about 2.6 trillion yuan. By the end of the second quarter, the scale of public funds was 16.9 trillion yuan, including 4.2 trillion yuan of stock and hybrid funds.

Insurance fund has become the second largest institutional investor in the capital market after public funds.

However, different from the public funds pursuit of relative return, insurance funds pay attention to absolute return, and pursue the security of funds, preferring to make less than lose. Under the prudent strategy, the sacrifice is often the rate of return on investment.

However, since this year, some equity insurance asset management products have shown a trend of catching up and surpassing, and the relative income has also shown good performance.

Wind data shows that there are 72 hybrid insurance asset management products with yield data, and the unit net value of 88 stock insurance asset management products has increased by 24.86% on average. Although it failed to match the average return of 26.24% of hybrid public funds and 37.39% of stock funds in the same period, compared with the products with the highest return on investment, the equity insurance asset management products crushed the public funds.

In the income ranking of hybrid insurance asset management products, since this year, Taiping assets has taken the top five with the highest net value growth rate. Among them, the net value growth rates of Taiping assets on Taiping star 24 and 22 exceeded 123%; the net value growth rate of Taiping asset Taiping star 10 reached 122.71%; the net value growth rates of Taiping asset Taiping star Anxin No.1 and No.8 were 85.27% and 80.17% respectively. In addition, Huaan assets two products followed closely, with the net value growth rate of 64.60% and 50.73% respectively.

The top two equity insurance asset management products with the highest net value growth rate also belong to Taiping assets. Among them, the net value growth rate of taipingzhixing No.13 and No.14 exceeded 120%, which were 124.93% and 121.89% respectively. Ping an asset management medical theme stock selection (Ruyi No. 10) followed closely, with a net value growth rate of 66.16%.

In the field of public funds, the highest income of hybrid funds since the beginning of the year is financing healthcare industry a, with a net value increase of 95.65%, followed by the public offering products of Two Wells Fargo funds. The net value growth of Fuguo biomedical technology and Fuguo precision medicine is about 84%.

Serious performance differentiation

Generally speaking, in the case of large market fluctuations, the frequent redemption of public funds will have a great impact on the investment operation of products, and the pressure of short-term income ranking will easily lead to the shift of investment style of public fund managers, and they will no longer adhere to their investment philosophy.

Because of the long-term and stability of the funds under management, insurance asset management companies can evaluate the growth of enterprises from a longer perspective. The stable nature of funds helps them not to be disturbed by short-term market fluctuations, and it is easier to dig out high-quality stocks across the cycle.

From this point of view, insurance funds seem to have more advantages. However, in the equity insurance asset management products, the current performance differentiation is more obvious.

Among the 160 equity insurance asset management products with yield data, 10 products showed negative growth or zero growth, accounting for 6.25%; while in equity public funds, less than 1% of fund products showed negative growth. The two equity insurance asset management products with the largest decline were all subordinate to sunshine asset, among which, sunshine asset value preferred fell by 7.77%, and sunshine asset Hong Kong stock connect declined by 4.24%. The three Anxin series products of PICC assets also failed to reassure people. Among them, Anxin Tonggang No. 11 of PICC assets fell by 2%. After entering the retail market competition, the investment income of insurance funds will be more considered by investors. In the future, insurance institutions with strong ability of active investment management will obviously obtain more capital sources in the competition of large assets management and financial opening to the outside world. Source: editor in charge of the first finance and Economics: Li Zhaoyuan_ B7890

Among the 160 equity insurance asset management products with yield data, 10 products showed negative growth or zero growth, accounting for 6.25%; while in equity public funds, less than 1% of fund products showed negative growth.

The two equity insurance asset management products with the largest decline were all subordinate to sunshine asset, among which, sunshine asset value preferred fell by 7.77%, and sunshine asset Hong Kong stock connect declined by 4.24%.

The three Anxin series products of PICC assets also failed to reassure people. Among them, Anxin Tonggang No. 11 of PICC assets fell by 2%.

After entering the retail market competition, the investment income of insurance funds will be more considered by investors. In the future, insurance institutions with strong ability of active investment management will obviously obtain more capital sources in the competition of large assets management and financial opening to the outside world.