攻守兼备 让客户获得实实在在的收益——访民生加银恒泽债券基金经理关键

Group 1 - The core viewpoint emphasizes that bond funds remain an effective "ballast" for asset allocation, while convertible bond funds are expected to provide better experiences and long-term returns for investors [1][2] - The Minsheng Jianyin Hengze Bond Fund, managed by the key manager, achieved a net value growth rate of 13.63% over the past three years, ranking in the top 5% among similar long-term pure bond funds [2] - The Minsheng Jianyin Convertible Bond Preferred Fund has shown good returns amid market structural rotation, validating the effectiveness of its dual low defense strategy [2][3] Group 2 - The investment style focuses on a top-down approach to assess major asset classes, maximizing utility when opportunities arise while paying attention to major cycle shifts [3] - Risk management is highlighted as a priority, with a strong emphasis on the long-term value of stable allocations over frequent trading, particularly for ordinary investors [3] - The current convertible bond market is at a historically high valuation, driven by the equity market and continuous capital inflow, which poses risks for low-risk investors [3][4] Group 3 - The company has a robust research and investment management framework, ranking second in active bond investment management capabilities over nearly 11 years [4] - The investment philosophy aligns with the company's mission to ensure that clients achieve tangible returns, fostering trust and support from investors for sustainable long-term development [4]