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[Translation from English to Japanese ] Alibaba’s online mutual fund Yuebao is actually shrinking Alibaba’s mutual f...
Original Texts
Alibaba’s online mutual fund Yuebao is actually shrinking
Alibaba’s mutual fund Yuebao garnered a lot of attention when it first launched last summer, and at first, it grew extremely fast. But by this July, it had begun to stagnate, and now according to the latest numbers, investment in Yuebao is actually dropping.
Back in July, Yuebao held RMB 574 billion (US$92 billion) in assets, making it the fourth-largest money market fund in the world. But this past Friday, Tianhong Asset Management Co. (which manages Yuebao’s funds and which is also owned by Alibaba) announced Yuebao’s latest numbers: RMB 534 billion (US$87 billion). That suggests that users have pulled almost US$5 billion out of Yuebao since July. Tianhong also had some happier numbers to share: Yuebao now has 149 million users, and it has earned a total of around RMB 20 billion (US$3.2 billion) in profits, which works out to a profit of RMB 133 (US$21) per user. That’s not too shabby for a mutual fund that has no minimum investment amount.
The overall drop in assets shouldn’t come as a big surprise, as the fund’s yield has dropped a bit from its initial highs of over 6 percent. Yield fell below 5 percent for the first time in May, and according to the Yuebao website, as of this writing it currently sits at just 4.1 percent. Yuebao has also been limited by government restrictions that emerged around March, which made it harder for customers to shift funds to online rivals, imposed transfer limits, banned new types of payments such as QR codes, and halted the launch of virtual credit cards. Alibaba chairman Jack Ma publicly slammed the central bank and big four for abusing their ‘monopoly’.
Of course, with total assets of US$87 billion, Yuebao is still one of the biggest mutual funds in the world despite its recent dip. Whether it can retain that title in the long run, though, remains to be seen.
We have contacted Alibaba for comment on this story, and will update if we hear back.
Alibaba’s mutual fund Yuebao garnered a lot of attention when it first launched last summer, and at first, it grew extremely fast. But by this July, it had begun to stagnate, and now according to the latest numbers, investment in Yuebao is actually dropping.
Back in July, Yuebao held RMB 574 billion (US$92 billion) in assets, making it the fourth-largest money market fund in the world. But this past Friday, Tianhong Asset Management Co. (which manages Yuebao’s funds and which is also owned by Alibaba) announced Yuebao’s latest numbers: RMB 534 billion (US$87 billion). That suggests that users have pulled almost US$5 billion out of Yuebao since July. Tianhong also had some happier numbers to share: Yuebao now has 149 million users, and it has earned a total of around RMB 20 billion (US$3.2 billion) in profits, which works out to a profit of RMB 133 (US$21) per user. That’s not too shabby for a mutual fund that has no minimum investment amount.
The overall drop in assets shouldn’t come as a big surprise, as the fund’s yield has dropped a bit from its initial highs of over 6 percent. Yield fell below 5 percent for the first time in May, and according to the Yuebao website, as of this writing it currently sits at just 4.1 percent. Yuebao has also been limited by government restrictions that emerged around March, which made it harder for customers to shift funds to online rivals, imposed transfer limits, banned new types of payments such as QR codes, and halted the launch of virtual credit cards. Alibaba chairman Jack Ma publicly slammed the central bank and big four for abusing their ‘monopoly’.
Of course, with total assets of US$87 billion, Yuebao is still one of the biggest mutual funds in the world despite its recent dip. Whether it can retain that title in the long run, though, remains to be seen.
We have contacted Alibaba for comment on this story, and will update if we hear back.
Alibabaのオンライン投資信託Yuebao、実際には縮小
昨年夏、Alibabaの投資信託Yuebaoが初めてローンチされた時には多くの関心を集め、初期段階では急成長を遂げた。ところがこの７月には停滞し始め、最新の数字によれば、Yuebaoへの投資は現在、実際には減少している。
7月の時点では、Yuebaoは5740億人民元（920億米ドル）の資産を保有し、世界第4位のマネーマーケットファンドだった。しかしこの金曜に、Tianhong Asset Management Co.（Yuebaoの資金を管理している、Alibaba所有の企業）が公表した最新の資産は5340億人民元（870億米ドル）。つまり、ユーザは7月以来、ほぼ50億米ドルを引き上げたことを示唆している。
昨年夏、Alibabaの投資信託Yuebaoが初めてローンチされた時には多くの関心を集め、初期段階では急成長を遂げた。ところがこの７月には停滞し始め、最新の数字によれば、Yuebaoへの投資は現在、実際には減少している。
7月の時点では、Yuebaoは5740億人民元（920億米ドル）の資産を保有し、世界第4位のマネーマーケットファンドだった。しかしこの金曜に、Tianhong Asset Management Co.（Yuebaoの資金を管理している、Alibaba所有の企業）が公表した最新の資産は5340億人民元（870億米ドル）。つまり、ユーザは7月以来、ほぼ50億米ドルを引き上げたことを示唆している。
しかしTianhongは同時に喜ばしい数字も発表している。Yuebaoのユーザは現在1億4900万人となっており、これまでに総計約200億人民元（32億米ドル）の利益を上げたというものだ。これはつまり1ユーザ当たり、133人民元（21米ドル）の利益となる。最低投資額の制限がない投資信託としては悪くない数字だ。
利回りが、6％を超える当初の高い水準から少し落ちたことを考えれば、全体での資産の下落は驚くに当たらない。利回りは5月に初めて5％を下回り、Yuebaoのホームページによれば、この記事の執筆時点で、4.1％ほどだ。
利回りが、6％を超える当初の高い水準から少し落ちたことを考えれば、全体での資産の下落は驚くに当たらない。利回りは5月に初めて5％を下回り、Yuebaoのホームページによれば、この記事の執筆時点で、4.1％ほどだ。
Yuebaoも3月ごろに明らかになった政府の規制によって足かせをはめられてきた。顧客が他のオンライン投資信託に資金を移動することを難しくしたり、送金に関する制限を設けたり、QRコードなどの新しいタイプの支払い方法を禁止したり、ヴァーチャルクレジットカードのローンチを停止したりしたことなどだ。Alibaba会長のJack Ma氏は、中央銀行と大手4銀行が「独占状態」を濫用しているとして公に非難した。
むろん、Yuebaoは最近の一時的な下落にもかかわらず、いまだに総資産870億米ドルをかかえる、世界最大の投資信託のひとつだ。しかし、その地位を長期的に保てるかどうかは、まだこれからだ。
この件につき、Alibabaのコメントを求めたので、回答があったら続報したい。
むろん、Yuebaoは最近の一時的な下落にもかかわらず、いまだに総資産870億米ドルをかかえる、世界最大の投資信託のひとつだ。しかし、その地位を長期的に保てるかどうかは、まだこれからだ。
この件につき、Alibabaのコメントを求めたので、回答があったら続報したい。
Result of Translation in Conyac
- Number of Characters of Requests:
- 1965letters
- Translation Language
- English → Japanese
- Translation Fee
- $44.22
- Translation Time
- about 15 hours
Freelancer
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Characteristics of Translations through Conyac
