More than a pair of households: Fund investment and research face a new test

The "One-to-many" business of the fund's most-watched funds has arrived at the "last mile" of the business gate. It is expected that from June 1 onwards, with more than 1 million yuan of investors can choose to become the fund company special Account of the treatment of customers.　　In recent interviews, the reporter found that, in addition to specific contract details, market development, such as hard indicators, the fund company can establish its ability to meet the operation of the special household investment, it is likely to become a new bottleneck. Cathay Fund general manager assistant, Wealth Management Center General manager Liang said, "a one-to-many" business will make the fund company face strategic Choice, and the fund investment research strength put forward higher requirements.　　As the first batch of fund management companies to obtain financial qualifications, Cathay-Thailand fund since May 2008 signed and the actual operation of the first Special Account accounts, a year has been signed a large single, the amount of more than a billion of yuan scale, in the industry among the top. Liang that "one-to-many" business will be the fund's investment management to form a new test. The first is the past management performance and the ability to adapt to the investment of special Account.　　The second is the team's equipment and experience accumulation, the third is the management of multiple style assets and strict risk control process. Compared with the public offering fund, the differentiated product characteristics of private households is its core, which will test the fund company's overall investment and research strength. Currently, Cathay's fund has a wealth management team of nearly 30 people, the average securities business for 9 years, only the investment team has 7 people, is related to the most complete distribution of the fund company. In addition, as the first batch of domestic standard set up, the industry has a small number of "full licence" business fund management Companies, Cathay Fund has a wealth of management experience of multiple-style assets and strict wind control management process, will be for the special household finance "a One-to-many" business escort, in experience 2008 years of market unilateral sharp decline in the case,　　The investment of Cathay-Thailand fund has received an average of more than 3% positive returns, while the Shanghai Composite index nearly halved in the same period. Talking about "a one-to-many" business is about to be opened, Liang is confident about the market prospect. He analyzed that 2009 China's investment assets of more than 10 million yuan in the high net worth of the population will be 320,000 people, the total size of investment assets in 9 trillion or so, if the threshold to 1 million yuan, the number and size of the total is staggering. In this context, a large fund company with a full licence business will gain greater market share, while "one-to-many" operations will accelerate market segmentation, with some of the fund companies focused on the financial services of private households.