A huge increase of 1346.12%! FOF exploded in the first quarter

Golden Ten Data reported on May 6 that recently, FOF issuance has once again appeared “small hits”, including the previous two cases, and there have been three FOF “small hits” since April. In this, there are not only channel boosting factors, but also market recovery and other factors. In the first quarter, the number of newly issued FOF increased by 166.67% quarter-on-quarter, and the scale of fundraising increased by 1346.12% quarter-on-quarter. As of the end of the first quarter, the total scale of individual pension Y share funds exceeded the “10 billion” mark for the first time. Judging from what the reporter has learned recently, the personal pension business of individual financial institutions has operational defects in the handling process and information system, and there have been situations such as “no information about retirees can be queried, and retirees cannot withdraw the balance of personal pension accounts”. This means that the quality of work of relevant institutions needs to be improved when interacting with personal pension data.