市场震荡，你的资金或需搭配“低波”策略

Core Viewpoint - The recent volatility in the A-share market has led investors to adopt a more cautious approach in constructing their asset allocation, emphasizing the need for a "low volatility" strategy that includes short-term bond funds as a preferred option for risk control and stable returns [1][4]. Group 1: Short-term Bond Funds - Short-term bond funds are highlighted as a key component of the "low volatility" strategy due to their lower risk and stable performance, making them an attractive choice for investors [1][4]. - The Wind data indicates that the Wind Short-term Pure Bond Fund Index has achieved a cumulative return of 85.14% since its inception, with a maximum drawdown of only -1.32%, demonstrating consistent positive returns over 18 consecutive years [1][3]. Group 2: Current Market Conditions - Three significant "buffs" enhance the appeal of short-term bond funds: 1. The first is a supportive monetary policy that is stable and slightly accommodative, allowing short-term bond funds to capture coupon income while being less affected by market interest rate fluctuations [4]. 2. The second is the regulatory environment that promotes stability in the financial market, providing a favorable backdrop for the operation of short-term bond funds [5]. 3. The third is the increasing demand for low-risk assets due to heightened uncertainty in equity markets, further underscoring the value of short-term bond fund allocations [5]. Group 3: Investment Strategy - The Minsheng Jianyin Monthly Bond Fund aims to provide a low-volatility investment experience while strictly controlling risks, focusing on short-duration and high-rated credit bonds [6][7]. - The fund has a 30-day holding period designed to prevent short-term speculative trading, thereby enhancing the consistency of investment strategies and improving capital efficiency [8]. Group 4: Fund Performance - The fund manager, Xie Zhihua, has a robust background with 19 years of experience in the securities industry, including over 13 years in public fund management, which contributes to the fund's strategic approach [12]. - The Minsheng Jianyin Monthly Bond Fund A class has outperformed its benchmark with a one-year return of 2.24% and a cumulative return of 7.56% since inception, indicating effective management and investment strategy [12][14].