As one of the representatives of large funds, the investment trend of pension has attracted much attention from the market.
On September 14, the National Council of Social Security funds released a report on the entrusted operation of the basic old-age insurance fund in 2020, showing that the investment income of the basic old-age insurance fund in 2020 was 113.577 billion yuan, with an investment rate of return of 10.95%, up from 9.03% last year. It is also much higher than the average annual investment return of 6.89% over the past four years.
Since its entrusted operation in December 2016, the basic old-age insurance fund has earned a cumulative investment income of 198.646 billion yuan, with an average annual return of 6.89 percent, according to a person in charge of the social security fund.
According to the report, at the end of 2020, the total assets of the basic old-age insurance fund were 1.395085 trillion yuan, the total liabilities were 150.627 billion yuan (mainly the short-term liabilities formed in the investment and operation of the basic old-age insurance fund), and the total amount of rights and interests was 1.244458 trillion yuan.
In terms of investment methods, the Social Security Foundation adopts the combination of direct investment and entrusted investment to carry out investment operation. Direct investment is directly managed by the Social Security Foundation and mainly includes bank deposits and equity investment. Entrusted investment shall be managed by the investment manager entrusted by the Social Security Foundation, which mainly includes domestic stocks, bonds, pension products, listed securities investment funds, as well as stock index futures, treasury bond futures and so on. At the end of 2020, direct investment was 470.006 billion yuan, accounting for 37.77 percent, and entrusted investment was 774.452 billion yuan, accounting for 62.23 percent.
"the Social Security Foundation adheres to the concepts of long-term investment, value investment and responsible investment, and carries out investment operation and management in accordance with the principles of prudent investment, safety first, risk control and income improvement, so as to ensure the safety of the fund and maintain and increase its value." The person in charge of the Social Security Foundation said.
At the same time, the heavy stocks of pension funds last year are also newly released.
From the perspective of positions, Renfu Pharmaceutical was the largest position of the pension fund last year, with a holding amount of 1.325 billion yuan, followed by focus Media and Zhengtai Electric Appliances, followed by Filihua, Zhejiang Longsheng, Huamao Logistics and Shenghong Technology.