On April 23rd, JD Finance, in collaboration with more than 50 fund companies, held a wealth management Q2 strategy meeting to share macroeconomic development trends and major asset allocation directions in the second quarter.
From a macro perspective, the head of investment and research at JD Financial Wealth Management first pointed out that China is currently in a stage of "high-quality consumer recovery". Based on comprehensive analysis of online consumption data, the consumption backbone, led by young people, general income groups, and third - and fourth tier urban groups, is gradually driving domestic consumption into a trend of recovery.
In the context of economic recovery, dividends and dividend+have become the key layout direction of JD Finance in the second quarter, and also the strategic track of the platform for the year. The aforementioned person in charge suggested that in terms of overall equity funds, investors "can consider allocating according to a ratio of 80% dividends to 20% of the track."
On April 12, 2024, the State Council issued several opinions on strengthening supervision and risk prevention to promote high-quality development of the capital market, namely the new "National Nine Articles", which clearly guide value investment, including raising the threshold for listed companies and strengthening cash dividend supervision.
Starting from this orientation, investors may wish to anchor assets that are in line with national policies and policies on the premise of matching their own risk return characteristics. Yang Yu, Chairman of the Investment Advisory Committee of Yinhua Fund, stated that under the influence of policies such as the complex macro environment and the improvement of corporate governance and shareholder returns under the National Ninth Article, the extension and deep exploration of dividend strategies will continue to make broad dividends a positive factor in fund gaming. He believes that in product selection strategies, attention can be paid to three main themes: "low volatility strategies represented by dividends," "investment directions with strong policy expectations," and "comprehensive allocation in multiple markets.".
In fact, over the past month, as an index product with a super large market value, higher profitability, dividend ability, and industry diversification advantages, the popularity of A50 ETF is a reflection of the strong policy expectations in the public fund market. It is reported that recently, the sales scale of China Securities A50 Link Fund on JD Financial Platform has also reached a new high, with an average subscription amount of over 19000 yuan per household, and high net worth customers with subscription amounts exceeding 1 million yuan have shown significant growth compared to the past.
The fund manager of Jiashi Fund Index can still express that the CSI A50 is more in line with the current medium - and long-term fund selection model, making up for the most core or missing part of A-share index investment, which is the one click packaged investment method for core assets of Chinese A-shares. The core reason why the investment value of the CSI A50 has received special attention is that this year the market will see a paradigm shift from small to large investments.
Further analyzing specific industries, the head of investment and research at JD Financial Wealth Management stated that in the second quarter, appropriate attention can also be paid to the new quality productivity and trade in tracks representing the high-quality development direction of the capital market, such as new energy vehicles, low altitude economy, artificial intelligence, etc.
It is worth mentioning that the new "National Ninth Article" also explicitly proposes to comprehensively strengthen the investment and research capabilities of fund companies, enrich the types and investment portfolios of public funds that can be invested in, and shift from a scale oriented to an investor return oriented approach. In this regard, while grasping investment strategies from the asset side and increasing investment returns, paying attention to accompanying services is also essential for improving the investment experience of the basic public.
"The future fund sales business may increasingly become a business that stands from the perspective of investors and achieves precise matching between funds and investors." The head of investment research at JD Financial Wealth Management said in an interview with 21st Century Business Herald that in his view, the high-quality development of the fund industry is specifically reflected in institutional business, which means that managers pay more attention to "precision". This means that platforms that can gain a deeper understanding of customer risk preferences and fund allocation needs, and provide them with more suitable investment plans, will be more effective.
Since the implementation of the new asset management regulations, bank wealth management products, public funds, trusts and other asset management products have begun to compete on the same platform. Different types of wealth management institutions are engaging in more intense competition in product innovation, service innovation, user experience, and other aspects. Among them, the Internet third-party platform has a large active user group, and can improve the service efficiency in marketing, investment and teaching scenarios through intelligent technology, becoming a major channel that wealth management institutions, especially public fund companies, increasingly value.
It is understood that the JD Financial App's public fund sales service has covered over 500 financial institutions and nearly 15000 financial products, with a year-on-year increase of 65% in the number of non monetary funds in 2023.