Bank wealth management changes benchmark: performance benchmark becomes more accurate, investors need to "take a step further"

Currently, many wealth management companies are switching the performance benchmark of wealth management products from a fixed numerical type to a dynamic index type. A product department staff member from a top commercial bank's wealth management company told reporters: "The company is comprehensively reviewing product information, and in the future, the performance benchmark will not be able to be adjusted at will. The performance benchmark for each product must be calculated based on data, selecting index combinations that are in line with the product positioning and long-term trends." In the banking wealth management industry, there is a transformation from "numeric expectations" to a transparent path of "outperforming indices." This industry transformation is also accompanied by growing pains. Several internal staff members of wealth management companies stated: "The index-based performance benchmark reduces the expected rate of return, can truly reflect the market trends and underlying asset performance, but may bring about issues that investors do not understand." How to help investors "take a step forward" is a topic that wealth management institutions need to explore in this transformative process.