A major event happened, and A-share unexpectedly lost everyone's pension

When something serious happened, A-share unexpectedly lost everyone's pension. Many netizens marveled that how could people "retire" before retirement? What's going on here?

Many people may not know that since this year, many pension funds such as CITIC Prudential Pension Goal 2035 and Ping An Pension Goal 2045 have had "accidents". You should know that these pension funds are set up to provide for the elderly. For example, CITIC Prudential Pension Goal 2035 is set up for people who will retire in 2035. Why is it that there are still 10 years to expire and now it is liquidated? The key reason is A-share.

As we all know, the performance of A-shares in the past three years has made countless shareholders cry. The three major indexes have hit a four-year low, among which the GEM is the worst, with a drop of 58% from the high point, directly cutting back. Most of these pension funds are invested in A-shares, so the performance is naturally poor.

Take Ping An Pension Goal 2045 as an example, four fund managers have changed since its establishment three years ago. Even so, the cumulative yield is negative 17.87%. In other words, if you invest 100000 yuan, you will not only lose pension money, but also lose 17000 yuan. Investors naturally won't buy it, so they have to redeem it, which leads to smaller and smaller funds. According to regulations, when the fund size is less than 200 million, it will face liquidation risk.

So in the last three years, according to Vande data, 12 pension funds have been liquidated. What is more frightening is that there are 273 pension funds in the market at present. As of the first quarter, 175 pension funds were less than 200 million, accounting for 64%. They may be liquidated at any time.

It has to be said that pension is still on your own. After all, the level of fund managers is uneven, and it is more risky to leave pension money to them for management. Are you right?