Social security fund set up last year, affected the stock market is now 8 years since the first annual loss

A stock market last year, a rare decline in the participation of institutional investors have suffered a loss of more or less, has been robust operation of the National Social Security Fund will not be able to escape. It was disclosed that the National Social Security Fund investment losses last year because of the interests of about 390 billion yuan, and thus give rise to 8 years since the establishment of the first annual loss. Last year, the National Social Security Fund has achieved revenue of about 230 billion, has achieved yields of about 5%. Transaction type changes in fair value of assets amounting to approximately -620 billion, equity investment income of about -390 billion, investment income was about -6%. It was revealed that fixed-income and industrial investment income is about 20 billion yuan. Assets because the transaction浮亏more than 60 billion yuan, the National Social Security Fund the first annual loss happened. Said, the National Social Security Fund are adhered to the value of investments and long-term investment philosophy, their investments should be long-term, and not to "years" as a unit to consider. Statistics show that from 2003 to 2007, the National Social Security Fund has been the year of implementation rate of return 10.7%, the annual rate of 15.4 percent operating income. "Despite the low earnings in 2008 will be driving down the average rate of return, but it should be about 9%." Stakeholders analysis. National Social Security Fund was established 8 years ago, its robust, low-key style of deep investment in the industry praise, including the major social security fund management companies responsible for the operation of the Fund's external fund managers a few without any freedom of speech, it can be seen in the national social security fund management regulatory requirements. However, the National Social Security Fund's investment trends has always been great concern for the industry and regarded as a wind vane. Following last year's National Social Security Fund in July breath to open 24 new accounts last year in November to January, the National Social Security Fund is for 3 months an additional 32 accounts. During the stock market bottomed out. An equity fund is responsible for evaluation of people: the "National Social Security Fund's investment philosophy has been more mature, investment opportunities on the judgments remarkably accurate.踏空this wave of market is not proved." The source said that the end of last year alone, the National Social Security Fund of funds on the stock market Jiancang nearly 20 billion yuan. "This could be a performance in 2008 also can not be completely reflected, but the performance in 2009 should be a good support." He said. "In fact, in 2008 the National Social Security Fund's equity investment positions are relatively well controlled, especially during the first half increased its fixed-income investment products, it can be said is a very wise choice." A source close to the National Social Paul said the fund, the National Social Security Fund at the beginning of last year that the judge was presented before the high interest rates will be low after the trend, so in the first half to increase fixed-income investment products, so that fixed-income allocation of more than 50%, a few large bank deposits and corporate debt investment in time before the central bank cut interest rates, strong support of last year's performance. Since last year, the National Social Security Fund to invest in a number of directions are to make a breakthrough, on the one hand to win the National Development Bank and Agricultural Bank of China in his capacity as strategic investors, but also to secure the rights and interests of the National Social Security Fund to invest 10 percent can be used for equity funds policy, reached the end of the CDH and Hony two equity fund of the 20-billion-dollar investment intentions. It is reported that last year's national social security fund new funds about 450 billion yuan, one of the central budget into the hundred billion, significantly less than the fiscal 2007 funds transferred to 30.8 billion. Industry sources, if we do not increase the financial input, the National Social Security Fund in 2010, "trillion yuan," the size of the target difficult to achieve.