Recently, Industrial And Commercial Bank Of China Limited (ICBC) launched a new fund distribution service brand named "Gongying Yanxuan." This initiative is client-profit-oriented, leveraging professional investment research capabilities to build a pyramid-style public fund selection system. It concurrently introduces full-cycle investment companion services, aiming to create a new fund distribution model integrating product selection, risk control, and client service. It is reported that "Gongying Yanxuan" sets quantitative standards around core metrics like returns and drawdowns from perspectives clients can understand and frontline staff can easily promote, jointly building and maintaining the product pool with partner institutions. The initially launched "Anyi" and "Zhiying" product series cater to different risk preferences and investment needs. Specifically, the "Anyi" series focuses on fixed income and "fixed income plus" products, supporting clients in achieving steady asset growth through strict control of drawdown risks. The "Zhiying" series focuses on equity index products, selecting index and index-enhanced products to provide aggressive return-enhancement tools for clients seeking higher returns.
In this selection process, multiple products under Southern Fund were chosen for their favorable risk-return profiles. Among them, Southern Duoli Enhanced Bond was selected for the "Anyi" series. Products selected for the "Zhiying" series include Southern CSI 300 ETF Connect, Southern CSI A500 ETF Connect, Southern S&P Dividend Low Volatility 50 ETF Connect, Southern CSI STAR Market and ChiNext 50 ETF Connect, Southern CSI Semiconductor Industry Index Fund, and Southern SSE STAR Market Chip ETF Connect Fund.
Specifically, Southern Duoli Enhanced Bond, selected for the "Anyi" series, is a primary bond fund. It builds on bond returns and actively enhances returns through flexible use of diversified strategies like convertible bonds and new share subscriptions. Data shows that the fund's A-share net asset value growth rate reached 10.11% over the past year (compared to a benchmark return of -1.53%), with a cumulative return since inception of 143.34% (compared to a benchmark return of 16.04%). The fund is jointly managed by Li Xuan, Head of the Fixed Income Investment Department, and fund manager Liu Wenliang. Its stable performance is underpinned by the deep expertise of Southern Fund's fixed income investment team. As one of the first fund companies in the industry to establish a credit research team, Southern Fund's investment team operates under a fund manager responsibility system authorized by the fixed income investment committee. The research team conducts comprehensive research on markets, sectors, and individual bonds, providing solid credit research support for fixed income product operations.
Regarding the "Zhiying" series, the multiple Southern Fund products selected this time reflect a relatively comprehensive index product layout, expected to meet different investors' allocation needs in the equity market. This is supported by the strong capabilities of Southern Fund's index team, whose members have diverse backgrounds in mathematics, computer science, physics, and financial engineering, covering the entire process of index product development, quantitative research, and fund investment management. The team independently developed an in-depth quantitative research platform, enabling scientific, procedural, and standardized quantitative strategy development and index product design.
Among the selected index products, the CSI A500 Connect Fund is one of the representative products. As a feeder fund tracking the CSI A500 Index, this product focuses on A-share core assets, combining broad-based allocation attributes with sector representativeness, helping investors efficiently allocate to leading companies in China's high-quality economic development. Data shows that Southern CSI A500 Connect A achieved a net asset value growth rate of 35.98% over the past year (compared to a benchmark return of 33.51%), demonstrating strong index management capability and tracking accuracy.
In addition to Southern CSI A500 Connect, the CSI 300 Connect covers large-cap A-share core assets, the dividend low-volatility product focuses on high-dividend and low-volatility styles, while products related to the STAR Market and ChiNext 50, semiconductors, and STAR Market chips focus on technology growth and industrial upgrading directions. Among these, Southern SSE STAR Market Chip ETF Connect Fund A achieved a net asset value growth rate of 100.23% over the past year (compared to a benchmark return of 100.69%), providing investors with a convenient and transparent allocation tool to capture growth opportunities in the semiconductor chip sector.
Southern Fund continuously strengthens its core investment research competitiveness, building a scientific investment research system and professional team covering four major areas: equity, fixed income, mixed assets, and international business. It offers a diverse product line covering fixed income, "fixed income plus," broad-based indices, sector-themed indices, and ETF connect funds, forming a product matrix with both stable allocation and equity offensive attributes.
The selection of multiple products for ICBC's "Gongying Yanxuan" series reflects both the advantages of these products in terms of risk-return profiles, allocation value, and tool attributes, as well as the channel's recognition of Southern Fund's investment research capabilities, product management capabilities, and long-term service capabilities.
ICBC's launch of the "Gongying Yanxuan" brand aims to build a full-process, multi-dimensional fund distribution service guarantee system. Future plans include accelerating the optimization of the mobile banking fund channel, establishing a dedicated "Gongying Yanxuan" section with features like tag filtering, performance comparison, fixed investment reminders, and one-click purchasing to enhance the convenience of client investment operations and the holding experience.
Southern Fund will leverage its professional expertise to actively support the development of ICBC's "Gongying Yanxuan" brand. Through professional investment research and high-quality product services, it aims to provide investors with clearer, more convenient, and professional fund allocation choices, accompanying clients in long-term investment and helping achieve steady wealth growth.
Risk Disclosure: Funds carry risks, and investment requires caution. The China Securities Regulatory Commission's registration of these funds does not indicate its substantive judgment or guarantee of their investment value, market prospects, or returns, nor does it indicate that investing in these funds is risk-free.
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