3 million Yuan buy trust trusts lose nearly half a bank misleading illegal citation question

CFP Figure industry Reminder: commitment to ultra-high returns of products generally can not be guaranteed to buy when you must read the contract recently, the bank consignment of financial products huge loss of news constantly see the media. Yesterday, some investors complained to our correspondent that it bought a trust product last year, when the sales manager vowed that "no loss, and more than 20% of the yield." But this year, it lost nearly half of the principal. Industry to remind investors, trust products are not all can be "letter", those who promise ultra-high returns of products are generally floating type of financial products, investors should be extra cautious when buying. Yesterday, investors reported to the reporter that he bought the letter issued by the Jianxin last year's Big Taurus Growth Fund Trust Scheme (1) a total of 3 million yuan, the original sales Manager promised trust product yield as high as 20%~30%, but has lost nearly 50%. Last year, a sales manager at a private bank recommended a trust product in a bulletin board, according to Mr. At the time, the manager said, the product expected to yield more than 20%, "[he] did not promise to capital preservation, but said the product has never been a loss." Question one: the sale of trust products is misleading? Mr Tsang has bought some fixed-income trust products before, and is also very trusting of private banks. Therefore, last year, under the agitation of a bank sales manager, he purchased the Jianxin Trust (1), a total of 3 million yuan, which was issued on March 8, 2011 by the letter Trusts Limited. I signed the contract without even looking at it. "said Mr. The notice of the Big Taurus Trust shows that the Trust plan signed a trust contract with 146 clients, including 2 agency clients, 144 natural persons, and the actual collection of trust funds of 400 million yuan. When the product was purchased, Mr. 20%~30% was told that the trust would receive high returns and "no loss". By the time the contract was signed, and with a high degree of trust in the private banking sector, Mr. However, after looking at the trust contract, the reporter found that this is not a fixed-income guaranteed product. The contract shows: "The trustee does not guarantee that this trust plan will be profitable, this trust plan does not promise the capital preservation and the lowest income, has certain investment risk, suitable for the risk identification, the appraisal, bears the strong ability the qualified investor." "Insiders pointed out that this is a stock-type trust, and there is no capital preservation of a said." Question two: The contract hangs "the Ox Head" sells "the Rabbit meat"? Investors in Mr. questioned that the big Taurus Trust program is essentially a large gold rabbit directional additional products, the trust products exist "hanging cattle selling rabbit meat" suspicion. "We bought the time is the big Taurus directional additional products, but I now look at the contract, there is a word, said the big Taurus together to set up a big Golden Rabbit Co. "The reporter got the contract which the investor signed, the cover can be seen that the trust plan is called" Build letter big Taurus growth Gather Fund Trust plan (phase 1) ". As stated in the contract, "trust funds are used to setLimited Partnership, has limited partnership in the name of the subscription of high-quality listed companies targeted additional shares. "and limited partnership, refers to the" Tianjin Certificate big Golden Rabbit Equity Investment Fund Partnership. " Reporters from the public information to see that the big investment as an executive partner, under the certificate of the big Taurus, the big Golden Dragon, the big Gold Rabbit Three Equity investment fund, the several funds have been involved in a number of stocks since last year. Among them, according to the securities daily statistics show that the big Taurus in February 2011 to March participated in the National Water Service, in the silver velvet industry, all the electrical and mechanical, Guangzhou Lang Qi, run electronics and other 5 companies targeted additional, and the Big Golden Rabbit in March 2011 to April participated in the Heilide, Lianyungang, Asahi Light shares, 4 of the Integrated arts shares of the directional additional. And as of this July, in the above directional additional, in addition to the big Taurus in the national water in the floating surplus 17.48 million yuan, in the silver velvet industry float 50 million yuan, other stock price performance is not satisfactory, especially the big gold rabbit participation in the 4 increase, has been floating deficit more than 130 million yuan. At the end of last year, Mr. "Five stocks all run to lose the market, run the transport industry." "The question is that the parties to the trust should rigorously review the products they are investing in," and why they are in the five of such bad stocks. Instead of picking up quality, leading stocks for us? "Question three: are we taking stop-loss measures?" On the website of the Press building, it was noted in the 1th quarter of 2012 Trust fund Management report released in April this year that as of March 31, 2012, the Trust program invested in equity assets floating rate of return-25.64, and 1 stocks were still locked regularly. It explains: "Back in the past 12 months, the economic environment and the investment background is very complex, the Chinese securities market in the market supply and demand of the serious imbalance in the level, the Shanghai and Shenzhen stock index sharply down, small and medium-sized stocks adjusted unusually brutal, to this trust program has a greater adverse impact, the adjustment range over the index, greatly affect the combination of income As at September 30, 2012, the net value of the trust scheme was $0.5624 (after deducting the trust charges). During the reporting period, all shares in the portfolio of the trust plan have been lifted. That is to say, the trust product has lost nearly 44% in the third quarter of this year. It is noteworthy that the reporter in the contract of risk prompted a column to see: "Trust program does not set a strong deterrent risk: the principal and beneficiary should pay special attention to this trust program does not establish a special stop loss clause." In the most unfavourable cases, the return on this trust scheme may be zero, and investors may lose all principal. "We have asked for a meeting of beneficiaries," he said. However, the sales side said that there is no actual loss, only when the liquidation of the actual loss is called. There is currently no condition for triggering a general meeting of beneficiaries. "There are two kinds of solutions offered to them by the sellers now: one is due out of the market, the other is to postpone the liquidation and continue to invest the remaining funds," Mr Fang said. Investment Tip: Trust is not necessarily "letter" reporters found that most investors evenContracts have not been carefully read, the risk of their own purchase of products almost no understanding of the essence. Once there is a dispute, it is very easy to complain about the wrong and no door. The trust product is a higher risk investment, and involves a large amount of funds. Trust products are divided into fixed-income products and floating-income products, generally speaking, fixed-income product yield is low, but there are related mortgage, guarantee measures, to ensure that investors get back the principal income. At this time, investors should focus on the project's pledge, collateral content, once the breach of the pledge can cover the investor's principal and income. On the other hand, for those who promise ultra-high returns, such as more than 20%, are generally floating products, not to guarantee the rate of return. Such products are extremely risky and investors must read the terms carefully from beginning to end before signing a contract, with a focus on "how funds are used" and "Risk hints". If individuals do not have sufficient judgment on the market, they are not advised to invest in such products. Industry view Bank existence misleading and illegal investor Liu Yin believes that as a trust trustee and investment consultant, a large investment should be made in the case of a huge decline in the market or investment portfolio, even if a stop-loss measure is taken to fulfill the fiduciary duty, so as to avoid causing more losses to the investors. If the directional issue of additional products can not be sold because of lock-in period, then the investment portfolio failure, but also lack of investment capacity. And banks in the sale of this product, there are major misleading and illegal, not to the vulnerable investors to fully disclose the risk of the product, is banned by the regulatory authorities. Wen/journalist Zhou Yuning