Group 1 - The core viewpoint is that the "fixed income +" fund scale has been continuously growing, reaching approximately 1.5 trillion yuan by the end of June 2025, benefiting from a favorable stock market [1] - The introduction of quantitative strategies in "fixed income +" products is increasing, with models optimizing stock and convertible bond investments to enhance returns while controlling drawdowns [1] - The performance of the "fixed income +" funds managed by Wu Di shows a one-year return of 8.23% for Guangfa Xinhao, with a maximum drawdown of 1.94% and a Calmar ratio of 4.28, indicating a good risk-return profile [1] Group 2 - Guangfa Hengxiang and Guangfa Jirui, managed by Wu Di since May 7, have also achieved good performance, with net value growth rates of 4.91% and 3.54% respectively over the last six months, significantly outperforming their benchmarks [2] - The investment in equity assets for Guangfa Hengxiang is capped at 20% of the fund's assets, with recent reports showing an equity investment ratio of nearly 18%, including approximately 9.41% in stocks and 8.07% in convertible bonds [2] - The top ten holdings of Guangfa Hengxiang and Guangfa Jirui exhibit characteristics of industry and individual stock diversification, with the total market value of the top ten holdings being relatively low compared to the fund's net value [2] Group 3 - The "fixed income +" strategy imposes high requirements for both bond and equity investments, utilizing an active flexible duration strategy in the bond market to enhance win rates through refined trading [3] - For equity investments, the strategy employs quantitative long strategies, leveraging data analysis, factor modeling, and deep learning to cover various market themes comprehensively [3]
广发基金吴迪： 以量化策略加持 最大化收益风险性价比
Zheng Quan Shi Bao·2025-07-30 18:46