SDIC UBS slumps liquidation assets with mini-funds
Source: New Economy e-line Original title: UBS halo overshadowed!
SDIC UBS belongs to the liquidation of mini-funds, and its asset scale has dropped for three consecutive years.
The head of UBS Aura ‘s joint venture fund company, SDIC UBS, has eclipsed.
Now, what is facing the company is that the company has emerged with the mini-funds, and ultimately it is impossible to escape the fate of liquidation.
On February 7, 2020, the company issued the “Announcement on the Flexible Liquidation of Hybrid Securities Investment Fund Assets and Fund Contract Termination of SDIC Banking Pioneer”, saying that as of February 6, 2020, SDIC Swiss BankThe pioneering fund’s net asset value has been below 50 million yuan for 60 consecutive working days, which triggered the fact that the fund contract was terminated.
According to the “Fund Contract”, the Fund will enter into the fund property liquidation procedures in accordance with the law, and no additional fund unit holders’ meeting will be required.
The last operation date of the Fund is February 6, 2020, and the fund property liquidation procedure will begin on February 7, 2020.
This is also the second fund that SDIC announced to liquidate this year.
Public information shows that SDIC UBS was established on June 8, 2005. Its two major sponsor shareholders are SDIC Taikang Trust Co., Ltd. (a subsidiary of China Development Investment Group Co., Ltd.) and UBS AG (UBS AG)., The shareholding ratio is 51% and 49%.
The New Economy e-line notices that, at least correspondingly, if the hero is based on scale, the company is also very hurt.
In the three years from 2017 to 2019, the size of the public-funded assets of SDIC UBS also shrank sharply from the original approaching 100 billion to less than 80 billion US dollars, only 76.4 billion US dollars, a significant reduction of 23.2 billion US dollars, shrinking more than20%.
In the third year, the size of UBS’s assets 杭州夜网论坛 decreased for three consecutive years, and the distance between the company and the industry’s “leaders” is farther and farther.
Mini-funds rolled up in a new economy e-line statistics found that since last year, SDIC UBS-affiliated mini-funds have rolled up and liquidated, and a total of 12 funds have withdrawn from the stage of history.
Since this year, SDIC UBS has taken the lead in kicking off a new round of liquidation in the fund industry.
Among the 5 funds that have been announced for liquidation today, the SDIC UBS family accounted for 2 of them, namely SDIC UBS Annual Profit and SDIC UBS Banking Pioneer.
Among them, SDIC UBS’s annual increase in profits was transformed from SDIC UBS’s one-year fixed-income bond opening fund since November 13, 2018.
On January 14, 2020, the company disclosed the “Announcement on the Voting Results and Resolutions of the Shareholders’ Meeting of SDIC UBS Increasing Profit Bond Securities Investment Fund Fund Holders” and stated that SDIC UBS Increasing Profit in December 2019From 11th to January 13th, 2020, at 10:00 am, the fund share holders’ conference was released by communication. The meeting and the adoption of the “Related Matters Concerning the Termination of the Fund Contract of SDIC UBS Annual Increase Bond Bond Securities Investment Fund”Budget.
According to on-site statistics, as of the registration date of the equity, the fund had a total of 38.55 million copies. The holders of the ownership participation agents who participated in the fund share holders’ meeting included in this communication method held a total of 20.81 million copies, accounting for the registration date of the equity.The fund has a total of 54.
00%, meeting the conditions of the legal holders meeting.
”After the transition of the fixed debt base which is a type of institutional customization, if the reorganized institutional holder chooses to redeem, it will be difficult to avoid the result of liquidation.
“A market source told the New Economy e-line.
2%, similar rankings were 970/1274, 1097/1274.
截至去年末，国投瑞银岁增利A\C管理资产规模合计仅录得1733万元，为不折不扣的迷你基金。 Similarly, the SDIC Swiss Bank Pioneering Flexible Fund, established on June 20, 2018, has only completed its contract implementation in the past year and a half or so, and the mission of the fund has come to an end.
Congress, SDIC Swiss Banking Pioneer’s fourth quarter of 2019 report pointed out that at the end of the reporting period, the size of the fund expanded by 2015 million copies, and the corresponding asset size was 22.32 million yuan.
As of the end of the reporting period, the net value of fund shares was 1.
1076 yuan, the growth rate of the net value of distribution during the reporting period is 1.
35%, while the benchmark performance for the same period increased by 4.
Obviously, the fund underperformed the benchmark for the same period.
According to public information, Wu Binpeng, who is a fund manager, is currently the deputy director of the investment department of SDIC UBS Fund. He was previously a Hualin Securities Accountant, a senior expert at China Construction Bank Investment Securities, a senior analyst at Taixin Fund and an assistant to fund managers.
In April 2009, he joined SDIC UBS.
In addition to SDIC UBS’s pioneering and flexible banking industry, Wu Zipeng also served as the fund manager of SDIC UBS’s flexible allocation of hybrid securities investment funds (LOF).
In addition to the winding-up of SDIC UBS Annual Profit and SDIC UBS Banking Pioneer this year, in the past 2019, SDIC UBS also has 10 mini-funds that have been liquidated one after another, which are SDIC UBS pure bonds.SDIC UBS and Shengfengli, SDIC UBS Heshun, SDIC UBS Ruining, SDIC UBS Ruixing, SDIC UBS at the age of Fengli, SDIC UBS at the age of Tim Lee, SDIC UBS NewIn return, SDIC UBS Xingyiduo strategy, SDIC UBS preferred income.
According to the New Economy e-line survey, as of now, among the existing funds of SDIC UBS, there are mini-funds with assets below 50 million yuan, as well as SDIC UBS Annual Profit and SDIC UBS CSI downstream.
Among them, SDIC UBS, which has the lowest asset scale, only recorded 13.85 million yuan at the end of the fourth quarter of last year; SDIC UBS CSI downstream also had only 37.15 million yuan. Core traders frequently leave, however, it is not just mini-funds that have been worrying about SDIC’s bankruptcy. The frequent departure of core fund managers is also a cruel reality that the company has to face.
On the same day on February 7, SDIC UBS Advanced Manufacturing and SDIC UBS Jinbao both issued a fund manager change announcement, saying that the original fund manager Deng Binbin officially resigned from today.
Public information indicates that Deng Binbin has been in and out of UBS twice. From July 2007 to March 2011, he was a scientist and assistant fund manager of SDIC.
He joined Huaxia Fund in March 2011. He has been a researcher, assistant fund manager, etc., served as senior vice president of the stock investment department, and fund manager of the Huaxia dividend fund.
In August 2017, he returned to SDIC UBS and successively served as the fund manager of SDIC UBS Jinbao Capital Guaranteed Fund, SDIC UBS Jinbao Flexible Fund Manager, SDIC UBS Selected Income Fund Manager, SDIC UBS Advanced Manufacturing FundManager and other duties.
His annual performance returns are about 17.
5%, CSI 300 for the same period was 1.
The New Economy e-line was informed that on the day of December 28, 2019, SDIC UBS issued seven fund manager change announcements in one breath, namely SDIC UBS Ruitai, SDIC UBS Ruiying, andInvestment in UBS core companies, SDIC UBS Real Estate, SDIC UBS Select Income, SDIC UBS is determined to reform, SDIC UBS Information Consumption 7 funds, including Yang Dongdong, Deng Binbin, Wu Xiao, Dong Yan,The five former fund managers within Yu Lei announced their departure on the same day.
Yang Dongdong has both SDIC UBS Ruitai, SDIC UBS Ruiying, and SDIC UBS determined to reform the three fund managers.
Yang Dongdong joined the SDIC UBS Fund Research Department in April 2008, and the best return during his tenure was close to 100%.
Dong Yan was an expert in the metal and non-metal industries of the E Fund Fund, and joined the research department of SDIC UBS Fund in September 2007.
Before leaving office, the fund size managed by Dong Yan was more than US $ 3 billion, and the best rate of return during his tenure was more than 130%.
In 2019, SDIC UBS’s departing fund managers also include Di Xiaojiao, He Ming, Liu Shasha, Han Haiping, and Li Yiwen.
In particular, Di Xiaojiao can be said to be the core member of the company’s investment team.
Wind data shows that if the categories are classified separately, she managed more than 11 funds before leaving the company, and since she served as a fund manager at SDIC UBS, she has participated in the management of as many as 28 products, including flexible configuration types.Funds, medium and long-term pure debt funds, etc.
Not only that, apart from the frequent departure of core traders, the two companies are not calm.
On May 15, 2019, the former general manager of the company Wang Bin resigned due to the expiration of his term. Thereafter, the post of general manager was temporarily replaced by deputy general manager Liu Kai.
Until October 28, SDIC UBS Fund announced that the company’s new general manager was Wang Yanjie, the former deputy general manager and investment research director of Teda Manulife Fund.
At that time, it had been 5 months since the last general manager left.
In addition, Chu Chengzhong, the former deputy general manager of the company, also resigned in August last year.
Following the company’s self-reporting, the strength of Chinese and foreign shareholders has grown, and the combination of strong and strong has gradually established a first-class asset management company with a brand recognition, investment performance, asset scale, product innovation and integrity reputation.
Faced with internal and external problems, why did SDIC break through in the face of fierce market competition?