长城基金马强：力争以多元收益来源应对市场波动

Group 1 - The importance of diversified asset allocation strategies is increasing in the current low interest rate and high market volatility environment, with "fixed income +" funds becoming mainstream [1] - As of the end of Q1 2025, there are 1,459 "fixed income +" funds with a total scale of 1.46 trillion yuan, representing an 11.36% increase from the end of Q4 2024 [1] - The "fixed income +" fund managed by Changcheng Fund, Changcheng Jili, aims for a dynamic balance of major asset classes to pursue optimal risk-return solutions, with a clear product positioning [1][2] Group 2 - Since its establishment on September 22, 2023, Changcheng Jili A has shown stable characteristics across market cycles, achieving a cumulative return of 6.47% as of the end of Q1 2025, outperforming the secondary bond fund index [2] - The fund's strong performance is attributed to the professional management of its manager, Ma Qiang, who has 13 years of experience in the securities industry and over 9 years in public fund management [2] - Ma Qiang aims to create a product with low volatility, small drawdowns, and long-term growth characteristics, focusing on risk prevention in the fixed income portion and diversifying sources of returns [3] Group 3 - In the fixed income segment, Ma Qiang emphasizes the importance of high-grade credit bonds and adjusts the portfolio duration based on market interest rates, prioritizing risk prevention [3] - In the equity enhancement segment, the strategy involves selecting relatively low-priced convertible bonds and high-quality stocks in high-growth industries, with a focus on diversification across sectors, individual stocks, and investment styles [3] - The current market environment suggests that value and dividend assets may offer higher certainty from both profitability and valuation perspectives [3]