Core Viewpoint - The A-share market has shown strength after a period of high volatility, with all three major indices achieving weekly gains, particularly the ChiNext Index, which has returned above 3000 points for the first time in over three years. This market recovery has led to several "fixed income +" funds reaching historical net asset value highs, indicating a potential for continued structural market trends that will test the asset allocation and stock-picking abilities of these funds [1]. Group 1: Fund Performance and Strategy - Wang Shiqian, a fund manager at Penghua Fund, specializes in multi-asset investment and has successfully managed several benchmark "fixed income +" products, including Penghua Shuangzhai Jiali A, which reached a new high net value of 2.3314 yuan on September 17 [1]. - The "fixed income +" products managed by Wang Shiqian exhibit a high degree of diversification and clear strategic positioning, with total assets under management exceeding 22 billion yuan as of the latest semi-annual report [2]. - The Penghua Shuangzhai Jiali fund has achieved a year-to-date net value growth rate of 16.27% and a growth rate of 10.55% in 2024, benefiting from a strategy that combines technology and cyclical investments with convertible bonds [2]. Group 2: Market Insights and Trends - The bond market is currently experiencing a weak performance due to rising risk appetite and slight redemptions from bond funds, with expectations of continued volatility in the bond market [4]. - The stock market is in a bullish phase, driven primarily by the rise of the artificial intelligence industry, with potential short-term adjustments providing good buying opportunities [5]. - The convertible bond market has stabilized recently, with supply-demand dynamics suggesting that valuations may remain high, potentially supported by upward movements in the stock market [6].
鹏华基金王石千：债市震荡中存阶段机会，利率低位支撑配置价值
Zhong Guo Jing Ji Wang·2025-09-22 01:29