Currently, many financial management companies have switched the performance comparison benchmark for wealth management products from a fixed numerical type to a dynamic index type. A person from the product department of a leading stock bank financial management company told reporters: “The company is comprehensively sorting out product information. The performance comparison benchmark will not be adjusted at will in the future. The performance comparison benchmark for each product must be measured based on data to select index combinations that match product positioning and long-term trends.” The banking wealth management industry is shifting from “digital expectations” to a transparent path of “outperforming the index.” The transformation of the industry has also been accompanied by pain. A number of financial management company insiders said, “The exponential performance comparison benchmark reduces yield expectations and can truly reflect market trends and the return performance of underlying assets, but it may cause problems that investors cannot understand.” How to help investors “take a step forward” is a topic that financial institutions need to explore during this transformation.

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