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The author:(作者)归海一刀published in(发表于) 2014/3/30 5:37:49 Balance Po class earned 6.2 billion last year， fund companies take 580 million，
Balance Po class earned 6.2 billion last year, fund companies withdraw balance 580 million-Po, Internet banking-IT information Balance Po class earned 6.2 billion last year, fund companies take 580 million
Since the second half of last year continued the Fiery Po product balances, its "true form" was actually the fund company's money market fund products. As the fund company annual reports made available, "baby Regiment" officially unveiled the annual report.
According to the annual report and statistics, published annual report and balance of financial products and docking 9 International Monetary Fund amounts to 6.208 billion yuan of profits, management fees of 582 million dollars, Nanfang, Huaxia, tianhong its monetary funds make the most profits and management fees. In 2014, the Fund managers are generally concerned about the agreement deposit balance of the decline in earnings on 7th year of interest rate risk of financial products.
Nanfang, Huaxia highest management fees
For fund companies, and fixed-income products are not the most profitable varieties. According to the Wind data display has been disclosed in the annual report of the Fund, 2013 the most profitable stock funds, occupy the top five profit, profit levels between 2.1 billion to 2.5 billion yuan. However, due to liquidity constraints benefits 2013 annual profits of the IMF's more impressive, second only to stock funds, but also more differentiation.
Annual report has been published and the balance of financing products and docking 9 Monetary Fund, namely Huaxia cash increased profits, increased tianhong, building a, liberty, the South increased profits in cash currency, harvest, parent company of cash currency a currency a, Po, Bank of China's wealth, livelihood cash plus silver treasure.
Chinese cash increased profits increased liberty, South a, tianhong cash increased profits far behind other funds, 2013 respectively to 2.076 billion yuan, profits of 1.79 billion dollars and 1.47 billion yuan, CCB currency, harvest a profit of just over 300 million yuan of money; the rest 4 profit of less than 100 million Yuan. 9 funds amounts to 6.208 billion yuan of profits.
Management fees increased profits in cash is highest in the South, 2013-the management fees amounted to 177 million Yuan, Huaxia increased profits a 162 million yuan in cash, tianhong increased liberty for 104 million dollars, while the remaining 6 only fund management fee income of 100 million Yuan. Of course, profit differentiation and size also has a lot to do with the established time. 9 total 582 million Yuan fund management fee income.
Sales and service fees are fixed-income products no small expense. Chinese cash expenses increased profits in 2013 the items reached 123 million Yuan, with the remaining disbursements from the Fund shall not exceed billion. Cash increased profits in the South, tianhong liberty increases at around 87 million Yuan.
5 Fund also disclosed its another "hidden" costs, that is, customer service and maintenance. 2013-cash increased profits a customer care costs the highest in the South, to 33.8008 million Yuan. Chinese cash sum of $ 30.3547 million, a for profit, harvest money 10.1355 million Yuan, CCB currency and Bank currency a 3.7268 million Yuan and 2.2435 million Yuan respectively.
In addition, cash increased profits in the South also said funds from a managed costs highest is 53.6092 million Yuan, Huaxia cash sum of $ 49.1685 million, a for profit, tianhong liberty and increase harvest money 27.6954 million Yuan and 25.2583 million Yuan respectively. Remaining funds managed cost did not exceed RMB.
Managers focused on revenues fall risk
Balance financial products 2013 growth miracle is available "right" to describe: the rise of Internet banking product, liquidity tensions push protocol returns. But 2014 Internet financial policies hit "magic spell", the greatest impact of the IMF is without doubt the Central Bank halted agreements advance pay no interest on deposits, fund managers also expressed such concerns in its annual report.
For 2013, fixed-income investments, fund managers have feelings. BOCOM International Monetary Fund managers, "said 2013 bond market is quite a painful year, particularly in the most painful in the third quarter."
Agreement deposits become liberators. Cash increased profits in the South, a Fund Manager said in its annual report, its 2013 has strengthened in the first half year expires in deposits of arrangement, and gradually shortened the duration of the Fund, reduced the bond position; rolling 3-month in which mainly short-term deposits in investment in the second half, again reducing the proportion of bonds, earned a good income. CCB International Monetary Fund managers said, after the middle of last year, has been in a tight balance of funds, and therefore raise the proportion of investment deposits the agreement in a timely manner, snagged only buying small amounts of short coupons, then return.
Eased gradually as liquidity agreement deposit rates fall, balance financial was facing embarrassment of earnings to fall.
The market in 2014, tianhong increased Liberty Fund managers point out that agreement deposit will be under the influence of structural deleveraging of banks, declining demand for new funds, interest rates will also drop. BOCOM International Monetary Fund managers, also known as 2014 may weaken the fundamentals, liquidity in the money markets is likely to outperform in 2013; monetary funds, deposits and short-term interest rates down if agreement, overall money market yields are right down.
Harvest money a Fund Manager said that 2014 will be balanced configuration protocol deposit and bond investment, carefully controlled combinations of credit allocation. China Huaxia wealth cash increased profits and a 2013 investment and short-term deposits, fund managers say, 2014, will continue to maintain high positions in highly liquid short-term deposits, while matching the term.
余额宝类去年赚62亿，基金公司抽走5.8亿 - 余额宝,互联网理财产品 - IT资讯余额宝类去年赚62亿，基金公司抽走5.8亿
去年下半年以来持续火爆的余额宝类产品，其“真身”实际是各基金公司旗下的货币基金产品。随着各家基金公司年报陆续公布，“宝宝军团”的年报也正式亮相。
根据年报统计，已公布年报且与余额理财产品对接的9只货币基金利润合计62.08亿元，管理费5.82亿元，南方、华夏、天弘旗下货币基金赚取了最多的利润和管理费。对于2014年，基金经理们普遍关注协议存款收益下降对余额理财产品7日年化收益率带来的风险。
南方、华夏管理费最高
对基金公司来说，固定收益类产品并非最赚钱的品种。据Wind数据统计显示，目前已披露年报的基金中，2013年利润最高的仍是股票型基金，占据利润榜前五，利润水平在21亿元至25亿元之间。不过，由于流动性紧张效益，货币基金2013年利润也较为可观，仅次于股票型基金，不过分化也较大。
现已公布年报且与余额理财产品对接的有9只货币基金，即华夏现金增利A、天弘增利宝、南方现金增利A、建信货币、嘉实货币A、汇添富现金宝、交银货币A、华夏财富宝、民生加银现金宝。
华夏现金增利A、天弘增利宝、南方现金增利A将其他基金远抛在身后，2013年度分别实现利润20.76亿元、17.9亿元和14.7亿元；建信货币、嘉实货币A利润刚过3亿元；其余4只利润不足1亿元。9只基金利润合计62.08亿元。
管理费最高的是南方现金增利A，2013年度实现管理费收入1.77亿元；华夏现金增利A为1.62亿元，天弘增利宝为1.04亿元，其余6只基金管理费收入未过1亿元。当然，利润的分化与成立时间和规模也有很大关系。9只基金管理费收入合计5.82亿元。
销售服务费是固定收益类产品不小的一笔支出。华夏现金增利A在2013年该项费用支出达到1.23亿元，其余基金支出均未超过亿元。南方现金增利A、天弘增利宝均在8700万元左右。
其中5只基金还披露了其另一项“隐含”支出，即客服维护费。2013年度南方现金增利A客户维护费支出最高，为3380.08万元。华夏现金增利A为3035.47万元，嘉实货币A为1013.55万元，建信货币和交银货币A分别为372.68万元和224.35万元。
另外，南方现金增利A托管费用也在上述基金中最高，为5360.92万元，华夏现金增利A为4916.85万元，天弘增利宝和嘉实货币A分别为2769.54万元和2525.83万元。其余基金托管费用未超过千万元。
基金经理关注收益回落风险
余额理财产品2013年的成长奇迹可用“天时地利人和”来形容：互联网理财产品的兴起，流动性紧张推高协议存款收益。但2014年互联网金融遭遇政策“紧箍咒”，对货币基金影响最大的无疑是央行叫停协议存款提前支付不罚息，基金经理们也在年报中表达了此类忧虑。
对于2013年固定收益类投资，基金经理们可谓感慨良多。交银货币基金经理称，“2013年对债券市场是一个较为惨痛的年份，尤以三季度最为惨痛”。
好在协议存款成为救星。南方现金增利A基金经理在年报中表示，其2013年上半年加强了年中到期协议存款的安排，逐渐缩短了基金久期，降低了债券仓位；下半年以投资滚动3个月内中短期存款为主，再度降低了债券比例，取得较好收益。建信货币基金经理表示，去年年中过后，资金面一直处于紧平衡状态，因此及时提高了协议存款的投资比重，仅择机买入少量短券，于是收益较好。
随着流动性逐渐宽裕，协议存款利润下降，余额理财正面临收益回落的尴尬。
对于2014年市场，天弘增利宝基金经理指出，协议存款也会受银行调结构去杠杆的影响，对新增资金的需求下降，利率也会随之下降。交银货币基金经理也称，2014年基本面可能趋弱，货币市场的流动性可能将优于2013年；对货币基金而言，若协议存款和短期利率下行，整体货币市场的收益率也将适当下行。
嘉实货币A基金经理表示，2014年将要平衡配置协议存款和债券投资，谨慎控制组合的信用配置。华夏现金增利A和华夏财富宝2013年主投短期存款，其基金经理表示，2014年仍将继续维持较高仓位的高流动性短期存款，同时做好期限匹配。
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