Since Ping An Investment Fund, an all-new securities investment product, is on sale at CCB, it has been receiving enthusiastic welcome from a lot of investors. CCB reveals that, the first-day sales of Ping An Investment Fund has exceeded RMB650 million.
Yesterday, at one CCB branch, investors could be seen lining up to subscribe the product. Coincidentally, several of these investors pointed out that, with the current violent fluctuation of the stock markets, identifying a prudent investment product to avoid investment risks and obtain long-term stable return would be the wisest choice. To this end, the investment philosophy and asset configuration of Ping An Investment Fund had attracted much of their attention.
One investment manager with the Wealth Management Centre of CCB Beijing branch indicated that, with a ratio of investment in stocks ranging widely from 0-70%, Ping An Investment Fund is particularly suitable for the current market environment which has good long-term prospects but is experiencing extreme swings. Under most situations in a bull market, the fund can invest heavily in stock type assets and reap earnings from market upswings. When the stock market is undergoing extreme fluctuations, however, it can quickly lower the proportion of investments in stocks and increase investments in bonds and currencies, thereby avoiding risks and gaining more stable earnings in one stroke. In addition, the product has an extra protection function in that, during the time they are holding this product, customers will receive insurance protection of their home assets equivalent to 200% of the value of their respective accounts. He also pointed out that each unit of the Ping An Investment Fund has a face value of RMB1 while minimum subscription amount is RMB5,000, subscription fee is 1.00% and handling fee is the same as other funds. Subscription and redemption is handled on every dealing day and the product is in hot sales at 15 CCB branches.
The investment manager of Ping An Investment Fund, Ping An Asset Management Company, is a member of the China Ping An Group. With over 20 years of experience in investment management, it is one of the more influential institutional investors in