First, the introduction of risk disclosure of bank wealth management products
The risk disclosure of bank wealth management products generally includes the following three parts:
1. Brief introduction of this wealth management product and the rating of bank wealth management products;
2. Risk of products;
3. Detailed explanation of wealth management products.
Although different banks have slightly different risk disclosure statements on bank wealth management products (for example, the risk disclosure statement of China Construction Bank wealth management products also includes customer risk rating), they all include these three categories. Here, we will interpret the risk disclosure book of bank wealth management products from these three aspects and tell everyone how to understand it.
Second, how to understand the risk disclosure of bank wealth management products
1. Brief introduction of wealth management products and rating of bank wealth management products.
Take ICBC's wealth management product BBWL273 as an example. Official website of this wealth management product shows that the capital is guaranteed, the initial purchase amount is 50,000 yuan, and the expected annualized expected rate of return investment period is 273 days.
It is believed that investors need to fully understand the introduction of risk rating, because the risk level of bank wealth management products depends largely on the bank's judgment on product risk rating. In our example, ICBC divided the risk rating into five grades: PR 1-PR5, and the risk rating increased from PR 1 to PR5. The above-mentioned capital preservation wealth management products are
PR 1 level, indicating the product guarantee principal.
Moreover, the expected expected income is little affected by risk factors. For specific risk levels, please refer to what is a bank's non-guaranteed wealth management product.
Of course, there are some differences in risk ratings among banks. For example, China Construction Bank uses the number of lamps to indicate the degree of risk. The more lamps, the higher the performance risk. In addition, although the bank has explained the risk rating, it will also add a sentence like "This risk rating is the result of internal rating, which is for reference only and has no legal effect".
2. What are the risks of the product?
In fact, the risk of the product is similar to that given by the bank. Generally speaking, it is the general direction of policy risk, credit risk, market risk, early termination risk, etc. Some banks write this part in the risk part that banks do not bear.
This risk disclosure seems to include only all the risks that banks may encounter. For example, the article "Risk of Product Failure" says that if the fundraising scale is lower than the minimum scale agreed in the manual or other factors lead to product failure, the wealth management product bought by investors will not be established. In other words, you waited for a few days in vain, wasted time and energy, and had to re-invest in new products. In fact, there is no financial loss for yourself.
In practice, there is almost no record of "abortion" of bank wealth management products. But who can guarantee that this will never happen? So the bank wrote this into the risk disclosure book, just in case.
Generally speaking,
Product risk is a relatively big concept of risk.
If you don't understand, don't be too persistent, because investors need to pay attention to the next item, product details.
3. Detailed description of the product
The detailed description of the product is what investors need to pay attention to. It introduces the risk level, product type, start date, investment cycle and redemption of a wealth management product, which needs to be understood one by one. Regarding the subscription and redemption of bank wealth management products, there is actually a time difference of one day. For details, please refer to the article "How to Redeem Bank Wealth Management Products in China".
At the same time, this part will also mention the custody rate and sales commission rate of wealth management products, as well as the calculation method of expected income. In fact, after deducting a series of expenses, the expected income will be lower than that calculated by annualized expected rate of return.
Third, summary.
Want to know how to read the risk disclosure book of bank wealth management products quickly,
Simple and rude, you can directly pay attention to two points, one is the risk rating description of this bank, and the other is the details of the product.
These two aspects can solve most of the problems of stable and conservative investors. For enterprising and growing investors, they think it is necessary to study the investment scope of products.
Editor's note:
After reading the above, I believe everyone knows how to understand the risk disclosure of bank wealth management products. In fact, for low-risk bank wealth management products, there is no need to worry too much about losses. According to the existing records, the PR2 wealth management products without capital preservation have never suffered losses.