Job Recruitment Website - Social security inquiry - With an annual return of 14%, the Social Security Fund is so fierce

With an annual return of 14%, the Social Security Fund is so fierce

Recently, the National Council of Social Security Funds released the 2019 Annual Report of the Social Security Fund.

This report reveals the main financial situation of the social security fund, and the investment "report card" -

In 2019, the social security fund totaled 2628.5 billion yuan, equity Investment income amounted to 291.7 billion yuan, investment return rate of 14.06%;

Since its establishment in 2000, the average annual investment return rate of 8.14%.

And from the investment return of the past years, the social security fund is only 2008 and 2018 is a negative return, but the decline is not much, respectively -6.79% and -2.28%.

And the SSE index in the same period, respectively, fell -65% and -24%.

So both from the full year, or the average return of the calendar year, the social security fund manipulation is still very powerful.

Some partners are not convinced, 14%, I fry a stock, it is easy to get ah.

You don't think about the amount of their own funds, people's social security fund is 2.6 trillion volume ah, and so many years, the average annualization in more than 8%.

Also remind one point, this social security fund is not what you think, in the unit to pay the kind of social security.

What we usually call social security, called "social insurance fund".

Including the pension, medical, maternity, work injury, unemployment, these five funds, the money is the local government's own management.

The social security fund in this report is called the National Social Security Fund.

This fund is the state's reserve for responding to major events, as well as for preventing pension shortages as the population ages.

The source of funding is the central financial allocation, transfer of state capital, lottery, and other financing methods approved by the State Council.

The main body of the management and investment of the social security fund is the National Council for Social Security Fund, which issued the report.

But then, because the Council of Social Security Funds manages the money so securely, local governments have entrusted the Council with the task of investing and managing the balance of the social insurance fund.

So after 2017, the social insurance fund also entered the market, because the pension accounted for a large part of it, we are generally referred to as the "pension into the market".

So, the social security fund and the social insurance fund, don't get confused.

We're talking about the former today, which is often referred to in the stock market as the so-called "social security fund" national team.

Let's get back to the point

How did the Social Security Fund get

So what's the best way to invest?

First of all, what's inside the social security fund is the country's money, so it must be stable.

So it's by way of asset allocation, to do diversified investment.

As we saw in the annual report, part of the money of the Social Security Fund is directly managed by itself, for example, to make some equity investments.

For example, next month, the ant group is not about to go public, in fact, as early as 2015, the social security fund has invested in the ant gold service.

This is the first single direct investment in private enterprises by the social security fund, and so far the only one, it is said that the ants also gave the social security fund a certain discount.

According to the Ant Group's prospectus, the National Social Security Fund currently holds 2.9% of the shares, accounting for 2.33% of the total share capital after the listing, which is the largest shareholding of the Ant Group's external shareholders.

After the listing of ants, the social security fund can make 20-30 billion dollars, 5-year investment return of more than 4 times, becoming the social security fund history of the highest rate of return on an equity investment.

And in the more distant past, when China's financial institutions were in the midst of a wave of stock reforms, the SSF also invested in a large number of direct stakes in state-owned financial institutions, which were later rapidly securitized, and also yielded a 4 or 5 times return.

In addition to managing some of the money themselves, another large portion of the money, the social security fund will be entrusted to a good manager, such as looking for fund companies and securities companies, so that professionals to help them buy and sell bonds, stocks, funds and other varieties of domestic and foreign.

Of course, there will be restrictions on the proportion of investment -

Bank deposits and treasury bond investment, the proportion of not less than 50%;

Fund, stock investment, the proportion of not more than 40%;

Corporate bonds, financial bond investment, the proportion of not more than 20%.

Trust loan investment, the proportion is not higher than 10%.

When you look at the list of outstanding shareholders of certain stocks, you will find that there are called " National Social Security Fund XXX portfolio ", which is a variety of different investment management portfolio.

The social security fund volume is so large, more than 2 trillion, certainly not through high-frequency trading and so on, to the specific operation.

On the social security fund's "investment secret", the council's equity assets department deputy director Bao Jiang said -

The social security fund in the market valuation is relatively low, a large number of in the secondary market buy buy buy. secondary market to buy and buy.

Then when the market is more frantic, it cuts its holdings, and after a couple of roundtrips, it achieves a better rate of return.

That is, according to the market at a certain stage of the value of the pivot, in the market drastically deviated from the value of the pivot, to increase or decrease the position.

According to the annual report of the Social Security Fund (SSF), when the stock market was in the doldrums in 2005 and valuations were at a low level, the SSF increased its stock allocation, and then in the big bull market of 2007, it gained 43.19%.

And in the 07 bull market, the social security fund is ahead of the gradual reduction of positions, buy debt to go.

Not bad for the national team, before the market reaction, people are already making preparations.

So in 2008, only less than 7% loss, and this year the SSE index fell 65%.

By 2008, the index fell to below 2000 points, and then began to significantly increase the position, the stock market rebounded in 09, gained 16%.

So, the social security fund to catch the actual value of the return.

Of course, it has to be said that the social security fund would have been the national team with its own halo, there is a natural advantage, much attention.

So the social security fund to take the lead to buy buy buy, behind the various funds will follow the big brother to buy, and then push up the stock price, for the social security fund to carry sedan chair.

But the way the social security fund's assets are allocated, and the style of long-term investment, value investment, or to us to play a role in demonstrating.

And people are also good at handing over money to professionals to help take care of, after all, the responsibility of helping the country to manage the money in the body, in the eyes of the gains at the same time, but also have to be more cautious.

On the contrary, leeks tend to be overly optimistic, always think they can grab a run, or leave before the music stops.

Forgetting that they are up against institutions and professionals who have been in the field for a long time, fighting as a team and armed to the teeth.

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