With an annual interest rate of 5-8%, China Merchants Bank has launched pension financing. Is it worth buying?

It is worth mentioning that the first batch of bank pension financing products that participated in the pilot came out, which is an innovation of China's pension financing and the first appearance of China's third pillar pension financing products. CMB Wealth Management, a wealth management subsidiary of China Merchants Bank, is one of the first batch of old-age wealth management products to be piloted, which has also attracted much attention and carried out meaningful pilot projects. To some extent, this product is worth trying to buy.

Why did you come to such a conclusion? In fact, there are still many bright spots in the design of this product, and it is possible to achieve the lowest performance benchmark return in the future to some extent. We can analyze it from the following aspects:

1. First of all, 1 The four bank pension financial products piloted in batches are still full of innovations and suitable for the characteristics of pension financial products. The risk level of wealth management products is medium and low risk R2, with relatively low risk; Moreover, 5-year closed products do not support period redemption, and managers can make medium and long-term investments with peace of mind. The threshold for subscribers is also very low. From 1 yuan, the subscription method is the same as that of the money fund wealth management products, and it can be more widely participated.

2. One of the biggest highlights is that the manager does not extract excess remuneration, and the wealth management products will pay dividends according to the rules every month after running for one year. The income generated by wealth management products will not be divided too much by managers, and all of them will remain in the products and can be distributed to investors. This clause is rare in general wealth management products, which fully reflects the goodwill of wealth management products to the elderly. In addition, the monthly dividend of wealth management products after one year is a powerful supplement to the daily life of subscribers, that is, they can get money every month, just like pensions.

3. Looking at the basic assets invested in wealth management products, because the risk level is low and medium, and it belongs to pension wealth management products, the basic assets and investment portfolio are relatively conservative, and there will be no extreme risk of principal loss. The product specification states that it mainly invests in fixed-income assets, and moderately participates in stock market investment or other equity investments under the premise of controllable risks. The proportion of basic assets in fixed income category may reach about 70-80%, and the possibility of principal loss is relatively small.

So why is the expected return likely to be so high? Can it reach an annualized rate of 5.8%~8%? On the one hand, it is related to the manager's refusal to accept excess remuneration, on the other hand, it does not support redemption within five years, so the manager can make some long-term fixed-income investments, and the annualized rate of return will naturally increase to a certain extent. Just like people go to the bank to save money, the longer they save, the higher the interest rate.

In addition, our country now strongly supports the development of the third pillar pension products, and has also given many preferential support measures. This time, including China Merchants Bank, 1 batch has only four products to be piloted. To a certain extent, it is unlikely that the future performance of these products will meet the product specifications. As we all know, if we make a good start, we must ensure that there is no problem in life. Therefore, you can basically subscribe with confidence. At least in this 1 batch of pension wealth management products, you should be able to deliver the promised income, but only a few.