On the morning of August 12, the exchange rate against the US exchange rate depreciated nearly 1.6%. Just the day before, the central bank suddenly announced that “the price of the exchange rate against the US dollar was improved.” The central parity rate of the Japanese yen against the US dollar fell by 1136 basis points from the previous trading day, down by 1.8%, the largest decline in history.
With the increasing exchange rate and increasing volatility of the currency exchange rate, the willingness to allocate US wealth management products has also increased for sensitive financial investors. In addition to bank foreign currency wealth management products, relevant experts pointed out that QDII products are also a better choice.
US financial products income is low
In the context of currency depreciation, bank foreign currency wealth management has also received attention.
On August 12th, the Financial Investment News reporter found that the current amount of 15 bank US wealth management products sold was 5000-10000 US dollars, and the management period was at least 1 month and up to 12 months. Among them, the two products with the highest expected revenue are the “Financial Plan A 2020 Top 20 Foreign Currency Products 1 (one year)” issued by the bank and the “This” series of the Bank’s 31st issue of GUB150800 Guaranteed income management products, the yield is 1.8%.
Specifically, the former is a foreign currency structured wealth management product with embedded financial derivatives. The bank will invest the wealth management funds raised in the bank time deposits, and at the same time limit the income of the time deposits to the financial market or the international financial market. Investment (including but not limited to derivative transactions such as options and swaps), the resulting financial derivative transaction investment gains and losses and bank deposit interest together constitute the income of wealth management products; while the latter fund management plan to raise funds in the bank Room, cash, bank deposits, etc.
In addition, the lowest rate of return is Fudeli (Personal Foreign Currency) 15070492 issued by Fubon Huayi Bank Co., Ltd., the management period is one month, and the highest annualized rate of return is expected to be only 0.36%.
It is not difficult to find that although the income level of foreign currency wealth management products has increased recently, it is still relatively low. According to the statistics of the silver rate network database, a total of 14 foreign currency wealth management products were issued last week. Among the major foreign currency wealth management products, the average expected yield of Australian products was 3.57%, up 0.1 percentage points from the previous week; the average expected yield of Hong Kong products was 1.8%, up 0.38 percentage points from the previous week; the average expected yield of US products was 2.05. %, up 0.26 percentage points from the previous week. "Comparatively, the income gap between currency and foreign currency wealth management products is still relatively large. Even if the short-term exchange rate of the currency fluctuates, but with the foreign currency exchange fee, the income from investing in foreign currency wealth management products is hard to be higher than the investment currency wealth management products." The financial manager of the joint-stock bank said.
QDII wealth management products quarterly earnings over 30%
Since the summer of 2014, with the end of the QE policy, the exchange rate of the major currencies of other countries has been rising, the US index has risen by 20%.
The Banking Financial Research Center recently released the "Bank of Communications Fortune Climate Report", showing that the investment environment turmoil and the increase in interest rate hikes have led some families to start to look at investment products. In July, the willingness of overseas investment in households has risen sharply. 15 percentage points.
The QDII, which mainly invests in US assets, is also considered or ushered in a moment worthy of allocation. Some experts said that with the expectation of the Fed's interest rate hike, the US entered a strong cycle, and the investment value of some QDII funds was highlighted.
The so-called QDII, that is, qualified domestic investment institutions, on behalf of overseas financial management, the original intention of issuing is to allow investors to directly participate in foreign markets and obtain global returns. According to the statistics of Puyi Wealth, among the 247 QDII wealth management products in operation in the second quarter, there are 211 financial products with positive quarterly rate of return. Among them, QDII wealth management products issued by Chinese banks accounted for 22.64%, issued by foreign banks. QDII wealth management products accounted for 77.36%. The highest-yielding is the “asset management sharing” issued by the bank, with a quarterly rate of return of 46.71%. The reporter found that the quarterly statistics of QDII wealth management products yielded more than 30% of the 10 models. “The main investment target is the QDII fund for US stocks and real estate, which has more investment value.” Experts pointed out that no matter when QE will be launched in the future, such assets will maintain good value-added expectations.