20240313_招商证券_银行业养老理财专题分析：稳健发展未来可期_13页.pdf
|2024 03 13/2023 2022 9.6 5.0 0.2 2023 9 IRAs Annuities 14.8 280 21 2023 5000 280 58 17 6 70.9%20.8%6.1%2.2%2023 2023 12 3.55%3.75%2023 7 APP1 2 3 5 2.15%2.55%3.15%3.15%19 2.86%-0.55%2023-4.1%-8.01%2023 2023 1005 706 81.6%87.7%2023 50 3.20%-0.38%196-5.11%-9.38%2023 TOP10%40 0.8 7413.6 9.6 7292.9 10.7%1m 6m 12m 1.5 1.8 4.2-5.4 6.2 13.5 1 2024-03-12 2 2024-03-10 3-2024 2 2 2024-03-08 S1090521010002 S1090523070003 Mar/23 Jul/23 Oct/23 Feb/24 2.3 2023.7 2023.10.12 1.3 2 2023.5 3.7 4.8 1.3 2.4 3.5 4.6 5 2024 3.6 6 2024 2.6 7.8 8.8 9 2023.9 10.9 11 2023 TOP10.9 12 2023 TOP10.10 13.11 14 2023 TOP5.11 15 2023 Top5.11 16 2023.12 17 2023.12 XVFUuNmRmPqRpRpMrMoRmN9P8Q8OmOoOoMqMlOnNnRlOmMwP8OnNxOMYnRrRuOmOpR 3 2022 9.6 5.0 0.2 2023 9 IRAs Annuities 14.8 1 Wind 2018 2022+100 2024 2 400 1000 Wind 2023 706 2021 6.29 1 2021/8/31 2021 9 15 100 2022/1/30 100 02000040000600008000010000012000014000016000020002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022养老第一支柱 养老第二支柱 养老第三支柱 4 2022/2/21 500 100 2018/2/11 2018/6/22 25%75%10%2018/6/22 2023/8/31 2022/7/29 100 2022 11 2022 11 4 36 2024 1 2023 2 2022/4/21 12000 2022/5/10 2022/11/4 2022/11/4 2022 1 1 12000/3%2022/11/18 2022/11/4 2022/11/21 l0 xqWFanO68rqcgv2SD7F8iCYydMK33bsDsO0TSEcfZ6gwQobe89nN+VEdhJK7jy 5 2022/11/25 36 23 185 465 70 2023 6 5 34 48 280 21 2023 5000 280 Wind 2023 Y 58 2023 17 6 70.9%20.8%6.1%2.2%2 2023 Wind=-Y 58 4 5000 2 Y Y 3 0.37%0.08%0.74%0.16%Wind APP 个人养老金活期及储蓄存款70.9%个人养老金基金20.8%个人养老金理财6.1%个人养老金保险2.2%6 1 2 3 5 1.95%2.15%2.6%2.65%2023 7 20 40 55 50BP 4 2023 7 2024 3 1 2.15%1.95%2 2.55%2.15%3 3.15%2.60%5 3.15%2.65%APP 2023 23 17 2023 6 7.8 9.2/70 2023 6 5 2024 3 17+60/23/13+/17-23 22 22 19 18 13 6 2024 2 156 6 11 141 6 3 134 4 5 133 2 121 2 113 5 109 4 5 106 1 6 100 3 86 1 4 76 1 1 50 6 4 7 37 6 6 48 42 1 3 33 1 3 31 3 1 29 2 27 3 3-2023 2023 11 2023 1 2023 1005 3 Wind 2018 2021 2021 1132 2023 261 706 23Q3 98 2022 175 012345678910-200 400 600 800 1,000 1,200Dec-21Jan-22Feb-22Mar-22Apr-22May-22Jun-22Jul-22Aug-22Sep-22Oct-22Nov-22Dec-22Jan-23Feb-23Mar-23Apr-23May-23Jun-23Jul-23Aug-23Sep-23Oct-23Nov-23Dec-23养老理财规模 当月新发产品数量（右轴）8 4 Wind 2023 51 R2 38 75%95%48 7 型 R2-11 38 R2-0 0 R3-1 1 R3-254 1 R4-0 0 R4-13 0 12 39 267 1 Wind 2023 123 216 145 490 Wind 237 0.74%0.17%0.8%0.15%51 0.08%0.02%0.10%0.02%8 0.08%0.02%0.74%0.17%Wind 050100150200250300-200 400 600 800 1,000 1,200养老目标基金规模 存续产品数量（右轴）9 2023 2023 50 3.20%196-5.11%180 2023-0.83%-9.38%2023 9 2023 2023 2023 3.20%-0.83%-5.11%-9.38%Wind 51 23Q3 1125 633 234 51 88 67 56.3%20.8%4.5%7.8%5.9%FOF 87.8%10 23Q3 2023 917.4 81.6%36.8 5.2%234.3 20.8%30.9 2.7%632.6 56.3%33.8 4.8%19.5 1.7%2.9 0.4%50.9 4.5%21.6 3.0%88.1 7.8%623.7 87.7%1.5 0.1%66.8 5.9%20.2 2.8%0.0 0.0%9.1 1.3%1,124.6 100.0%711.4 100.0%Wind 23Q3 23Q4 2023 2023 TOP10 2027 5 2023 4.7%2022 003 2023 4.6%11 2023 TOP10 2027 5 2022/6/21 4.7%-0.2%10 2027 7 2022/7/26 4.6%-0.4%2027 6 2022/8/30 4.6%-0.2%2022 003 2022/9/14 4.6%-0.1%2022 01 2022/8/22 4.5%-0.1%2027 1 2022/1/6 4.5%-0.5%2027 4 2022/5/20 4.5%-0.2%2022 13 2022/8/10 4.4%-0.7%2028 2022/2/9 4.4%-0.9%2027 3 2022/4/12 4.4%-0.4%2023 A 2023 3.7%A 2.2%12 2023 TOP10 A 2021-05-07 FOF R3 3.7%-1.6%A 2021-03-12 FOF R3 2.2%-2.5%2025(FOF)A 2020-04-15 FOF R3 1.3%-3.7%2025 A 2022-06-14 FOF R3 1.0%-2.3%A 2021-09-17 FOF R3 1.0%-3.4%A 2018-12-13 FOF R3 0.8%-2.9%2025 A 2021-10-18 FOF R3 0.8%-3.0%A 2019-04-25 FOF R3 0.7%-2.8%A 2019-11-26 FOF R3 0.7%-4.9%A 2020-11-26 FOF R3 0.7%-2.9%Wind 2023 1/2/3/5 55/60 11 13 1-5/1-5 1-5 2.86%19 4 2023 2023 2023 2023 1.05%4.51%2.86%2.50%-0.11%-3.11%-0.55%-0.28%2023 14 2023 TOP5 3()2023/3/1 4.5%-0.1%18()2023/2/28 4.3%-0.1%1825 1()2023/3/6 3.9%-0.4%2()2023/2/28 3.9%-0.1%1095 1()2023/2/20 3.9%-0.3%2023-15.99%3.97%-4.10%-3.83%-25.75%-0.01%-8.01%-6.96%15 2023 Top5 017336.OF Y 2022-11-16 0.55 3.97%-1.49%017359.OF Y 2022-11-16 0.26 2.36%-2.49%017318.OF 2025(FOF)Y 2022-11-16 0.87 1.49%-3.62%017387.OF Y 2022-11-17 0.44 1.29%-3.24%017294.OF 2025 Y 2022-11-16 0.38 1.24%-2.13%Wind+12 2%-3%0%-1%2023 12 3.55%3.75%2022 1.18 1.41 2023 12 16 2023 2023 2023 4.15%4.25%3.00%0.00%2.10%4.00%2.00%0.00%3.00%3.80%3.00%0.55%3.90%4.10%2.85%0.50%B 3.80%4.00%2.85%0.50%3.00%2.50%2.50%0.60%3.50%3.50%2.50%1.00%4.00%3.60%2.50%0.50%3.85%4.00%3.00%0.50%B 3.85%4.00%2.50%0.50%3.80%3.30%2.00%0.00%3.70%3.90%2.00%0.50%A/B 2023 7 1 2 3 5 2.15%2.55%3.15%3.15%17 2023 2023-4.10%-8.01%2.86%-0.55%3.55%3.75%-1 2 3 5 2.15%2.55%3.15%3.15%-Wind APP 2023 5 2023 13 6-12 A 300 500 20%5-20%5%5%
