CCB Fund s performance is far behind , and its products underperform the performance benchmark by 8

Mondo Finance Updated on 2024-03-06

Jianxin Yisheng Zhengshang Energy & Chemical **ETF Connect A is a commodity type of CCB**, which was established on October 16, 2020.

Bread Finance combed through public information and found that as of March 4, 2024, the **net value has accumulated **2097%, underperforming the performance benchmark by more than 85 percentage points, ranking 43 44 in the same category. At present, the net value of 18 products of CCB** has exceeded 20% since its establishment, and some products have even fallen by more than 30%, and the investment risk control ability is doubtful.

In terms of fees, CCB Yisheng Zhengshang Energy & Chemical **ETF Connection A charges a 1% management fee, and has collected a total of 14.4 billion yuan. The data shows that the average management fee rate for similar commodities is 053%。

With the trend of reducing fees in public offerings, CCB Yisheng Zhengshang Energy & Chemical **ETF Connection A has a higher rate than its peers when its performance is at the bottom, should it take the initiative to reduce the fee rate and give benefits to holders?

It has been established for more than 3 years and has accumulated a loss of 2097%

The total size of CCB Yisheng Zhengshang Energy & Chemical **ETF Connect A in the latest reporting period is about 25.9 billion yuan.

As of March 4, 2024, 3 years have passed since the establishment of the product, during which the net value of the product's Class A share unit has accumulated **2097%, underperforming the performance benchmark by more than 85 percentage points, ranking 43 44 in the same category. When looking only at the performance during the year, the ** net value drawdown is 248%, underperforming the performance benchmark, ranking 50 54 in the same category.

The fee is higher than that of peers: the management fee rate is 1%, and the average value of commodity type ** is 053%

Despite the poor performance, CCB Yisheng Zhengshang Energy & Chemicals** ETF Feeder A still charges a significant management fee. According to the data, the current management fee rate of Jianxin Yisheng Zhengshang Energy & Chemical **ETF Connection A is 1%.

Statistics show that the management fee rate of the 35 existing commodities in the public offering market is distributed at 05%-1.0% and an average management fee of 053%。

As of the end of June 2023, CCB Yisheng Zhengshang Energy & Chemical **ETF Connect A has collected a total management fee of about 14.4 billion yuan. Under the general trend of public offering fee reduction, should the product respond to the spirit of relevant policies and benefit investors?

CCB**: Its 18 products have fallen by more than 20%.

CCB** was established in September 2005 and is a subsidiary of CCB Group. According to publicly disclosed information, the chairman of Jianxin ** is Sheng Liurong, Zhang Junhong is the president, and Wu Shuming is the chief inspector. The shareholders of the company are China Construction Bank Co., Ltd., Principal Financial Group and China Huadian Group Capital Holdings, with shareholding ratios of % and 10% respectively.

At present, there are more than 150 ** products managed by CCB ** (**initial caliber; The total scale exceeds 700 billion yuan.

As of March 4, 2024, 18 of the above products are still losing more than 20% since their establishment, in addition to CCB Yisheng Zhengshang Energy & Chemical **ETF Connection A is commoditive**, there are 11 active equity ** such as Jianxin Smart Life and Jianxin Xingrun One-year Holding**, and 6 are passive index **, such as CCB CSI New Materials Theme ETF and CCB CNI New Energy Vehicle Battery ETF.

Since the establishment of many of its products, the net value of ** more than 20%, some products even lost more than 30%, after charging a lot of management fees, how to let investors achieve positive returns, is a serious problem that CCB's ** management and ** managers need to face.

Article serial number: 1764941932502585344).

Disclaimer: This article does not constitute any investment advice to anyone.

Intellectual Property Statement: The intellectual property rights of Bread Finance works are owned by Shanghai Miaotan Network Technology.

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