(可编辑报告)头部养老目标日期FOF管理人下滑曲线设计对比分析报告.pptx

(可编辑报告)头部养老目标日期FOF管理人下滑曲线设计对比分析报告.pptx

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/CONTENTOFFOF

FOF

1.1FOF??FOF//5

1.1????——??6Wind

1.1FOF??——7

02FOF

2.1FOF???2022Q42089621089180.05FOF目标风险-规模(亿元)目标日期-规模(亿元)目标风险-数量(右轴,只)目标日期-数量(右轴,只)1200100080060040020001401201008060402009Wind20230228

2.1??4550.56%148.9675.57%9TOP10TOP10,7,40.01,20%,48.16,24%,6,5,5,,44,7.55,4%17.13,9%,4,4,,9.60,5%,14.49,7%,,,4,11.31,6%,9.61,5%,3,3,411.82,6%13.69,7%13.76,7%10Wind20230228

2.2????7203520402045205020552520352045A535.6924.32205520352035203520402045204520502055006622.OF016079.OF006289.OF006620.OF015682.OF006891.OF011745.OF2035A2019-04-242022-11-292018-09-132019-04-092022-06-242019-03-262021-05-181.980.86203520402045AA12.6111.5610.082.3420450.5811Wind20230228

2.2??50%204070%2055权益比例下限权益比例中枢权益比例上限权益比例下限权益比例中枢权益比例上限806040200807060504030201004550556065707580859030354045505560657075808590()()12Wind20230228

2.2????2050205011%-60%4%-80%35%-60%55%-80%50%70%5651()()(2023)(2023)(2022Q2)(-)203520357-600-250-10--203520402045AAA52.9355.6461.36-2.935.6411.36-2040204511-6035-6050702045A7-604-800-300-102050205520502055A73.3273.923.323.9255-8013Wind20230228

2.2??0-50%5515%-50%2045A572045A2045A2045A806040200404550556065(7075808590)14Wind20230228

2.3Target-To???203520402045205020552060638.753.0742035204020452050203520402045205020552060006295.OF007650.OF007651.OF006886.OF009340.OF013060.OF20352040204520502055AAAA2018-10-312019-09-172020-01-212019-03-282020-09-022022-01-064.432.351.972.450.520ind20230228

2.3Target-To??偏好随年龄变化,需要动态调整金融资产配置方案使得投资者退休时的财富期望效用最大化作为出发点,通过对生成的备选下滑路径Target-To????16Wind20230228

2.3Target-To??10%15%60%204570%2050807060504030201008070605040302010040455055606535404550(556065())17Wind20230228

2.3Target-To??2045205010%-60%45%-60%55%-80%60%70%47?8%-80%45()()(2023)25-5040-6045-60(2023)(2022Q2)51.1057.7359.3775.01(-)20352040204520502055206020352040204520502055AAAA8-559-604555606.102.73-0.635.014.08-0.6410-609-80-55-807074.0869.368ind202302

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