On November 18, the China Securities Regulatory Commission released the first batch of personal pension fund list, 6 funds of GF Fund are listed. This not only means that the 6 products meet the requirements of "safe operation, stable return, well chosen underlying asset, and focus on long-term value preservation", but also marks that the fund industry has entered the substantive preparation stage to serve the personal pension business.
The 6 products selected include 4 target risk funds and 2 target date funds. Among them, GF Antai Stable Pension One-Year Holding Hybrid FOF, GF Anyu Stable Pension Target One-year Holding Hybrid FOF, and GF Stable Pension FOF are medium to low risks fund products, while GF Balanced Pension Three – Year Holding Hybrid FOF is a medium-risk product.
The layout of the selected target date products is also in line with the current mainstream pension investors: GF Pension 2040 FOF is a product with a target date of the end of 2040, and GF Pension 2050 FOF is a product with a target date of the end of 2050.
The above six products have been approved to add personal pension fund class that are only sold to personal pension accounts——Class Y shares. The management fee and custody fee of this class will enjoy a discount of 50%. This will benefit the potential investors.
GF Fund stated that the announcement of the personal pension fund list reflects the enthusiasm and initiative of the public fund industry in serving the personal pension business. As more products being included in the list, it is expected to further enrich the investment options of personal pension investors, and it will be more conducive for future investors to choose products that suit their risk-return preferences. At the same time, the dynamic adjustment mechanism of the list is also conducive to the continuous improvement of the industry's investment management level while enhance the sense of gain for investors.