Financial Services Association, May 21 (Reporter Guo Zishuo) Gold remained strong after a slight fluctuation. As of press release, the price of gold in London remained high at 2416.83 US dollars/ounce, and COMEX gold was priced at 2420.4 US dollars/ounce.

In recent months, financial management companies including CMB Wealth Management, Everbright Wealth, and Ping An Wealth have all deployed “Gold+” wealth management products. Due to sharp fluctuations in international gold prices in the previous month, the net value of various “Gold+” wealth management products has declined somewhat from the highs in the first half of the year.

However, with the recent fluctuation and upward trend in gold prices, the net value of related wealth management products has also rebounded. The net worth of some related products has even reached new all-time highs.

The net worth of a number of “Gold+” wealth management products picked up after fluctuating, and the net worth of some products reached their previous high

Affected by the fluctuation and upward trend in gold prices, the prices of various “Gold+” wealth management products picked up as the price of gold picked up, and net worth resumed a climbing pattern.

CMB Wealth Management has launched a variety of wealth management products linked to gold in the past six months. The annualization of many products is over 4%. Take “Zhaorui Target Prosperity No. 2” as an example. This product consists of a combination of bonds, gold, and quantitative neutral strategies. The product performance comparison benchmark is 2.6% to 5.0% annualized interest rate. During the year, the net unit value of “Zhaorui Target Profitability No. 2” dropped from a high of 1.0119 to 1.0102. However, as of May 17, the product's net unit value had risen to 1.0131.

In addition, the net unit value of Huaxia Wealth Management Tiangong Rikai Wealth Management Product No. 8 (Precious Metals Index) also dropped from a high of 1.2505 to 1.0889. As of May 17, the product's net unit value had recovered to 1.2118. As of May 16, the yield of Huaxia Wealth Management Tiangong Rikai Wealth Management Product No. 8 (Precious Metals Index) reached 25.49% from the beginning of the year.

Looking back, the “Gold+” wealth management products currently launched by financial management companies are still mainly stable, mostly traditional bond assets, which are used as relatively stable coupon income; gold assets account for 10% to 20%. In terms of investment period, most of these “Gold+” wealth management products are 3 months to 1 year.

Overall, many “Gold+” wealth management products have a strong advantage in yield. Up to now, the annualization of “Cory Target Yingwenjin No. 4”, which was established 41 days ago, has reached 4.22%, and the annualization since the establishment of “Corey Target Yingwenjin No. 24 No. 1” is 6.35%. Since the establishment of “CROWERY Goal Yingwenjin No. 2”, the annualized rate has been 4.29%. According to statistics from Minsheng Bank's first management team, as of the end of April, the “fixed income+gold” representative product had an annualized yield of 7.82% since this year, far exceeding pure fixed income (3.99%) and fixed income + (3.94%) during the same period.

What do you think of the future market? Industry: Bullish but be wary of risks

Currently, financial management companies' layout of precious metals continues.

China Wealth Management Network shows that currently Minsheng Wealth and Ping An Finance are issuing gold-linked wealth management products, which are still backed by fixed income assets, with less than 10% of gold assets. For example, the “Maozhu Fixed Income Gold Enhanced Half Year Holding Period” issued by Minsheng Wealth Management is a fixed income category, R2 risk level, with an annualized performance comparison benchmark of 3.0% to 4.5%; Ping An Caixin Anxin 99 (Gold) is a four-month closed fixed income wealth management product.

Regarding financial management companies' deployment of “Gold+” wealth management products, Yang Guozhong, a researcher at Puyi Standard, told the Financial Federation reporter: “In the past five years, due to global geopolitical tension and various economic risk incidents, the price of gold has risen sharply from more than 1,200 US dollars/ounce to more than 2,400 US dollars/ounce now. As far as bank financial management is concerned, whether the product directly invests in physical gold or is linked to the price of gold through derivatives, there are plenty of profit opportunities.”

Regarding the future trend of gold prices, a number of institutions and analysts said there is still room for growth. The Dongwu Securities Research Report said that due to rising expectations of overseas interest rate cuts and Israel's attack on eastern Rafah, and the cease-fire negotiations ended in vain, leading to a resurgence of geopolitical risks in the Middle East, gold prices at home and abroad are trending well, and gold prices are expected to remain volatile and upward.

More voices are “Be aware of risks.” Looking ahead to wealth management products linked to precious metals, Yang Guozhong also suggested that the current price of gold is close to the high predicted by some institutions, and there are still new risk events driving up the price of gold, and at the same time, the possibility of a shock is also increasing. The scale of distribution of subsequent “Gold+” wealth management products depends on each institution's investigation and judgment of the price of gold.

As gold prices fluctuate, the Shanghai Gold Exchange issued an emergency announcement on May 20 stating that recently there are many uncertain factors affecting market operation, market risks have clearly increased, and price fluctuations have increased markedly. All member units are requested to raise awareness of risk prevention, make detailed risk emergency plans, and prompt investors to do a good job of risk prevention, reasonably control positions, and invest rationally.