利率持续走低，节后投资如何求稳添利？

Core Viewpoint - The "fixed income +" products have gained significant traction in the market, with their scale surpassing 1.9 trillion yuan in the first half of the year, driven by declining interest rates and stock market volatility [1][2]. Market Demand - The growth of "fixed income +" products is attributed to two main factors: the continuous decline in market interest rates and the increasing volatility in the stock market, leading investors to seek alternative investment options [2]. - In August, new household deposits increased by 110 billion yuan, a decrease of 600 billion yuan year-on-year, indicating a trend of residents migrating their savings towards diversified investment products [2]. Investment Environment - The trend of "deposit migration" is accompanied by a warming A-share market, with the Shanghai Composite Index surpassing 3,880 points and a year-to-date increase of over 16% [5]. - Despite the rapid rise in the A-share market, there are concerns about short-term volatility, making "fixed income +" funds an attractive option for conservative investors seeking stable returns [5][6]. Long-term Perspective - "Fixed income +" funds are positioned as a long-term investment option, balancing risk and return by combining bonds and equities [6]. - Historical performance shows that "fixed income +" products have outperformed traditional bond indices during market uptrends, providing better returns while maintaining lower volatility [7][6]. New Product Launch - The launch of the Guotai Fund's new "Guotai Stable Income Bond Fund" aligns with the current market demand for balanced investment strategies amid declining interest rates and increased market volatility [10]. - The fund employs a "60/40" strategy, focusing on high-grade credit bonds while maintaining a maximum equity exposure of 20% [11]. Fund Manager Expertise - The fund manager, Mao Liwei, has 12 years of experience in the securities industry and emphasizes a balanced approach to risk and return, with a focus on long-term investment strategies [13]. - Historical data shows that the fund managed by Mao Liwei has consistently outperformed its peers, with a two-year return of 11.15%, ranking in the top 25% of its category [13][16]. Market Outlook - The outlook suggests that while bond markets may be influenced by risk appetite, there is a safety margin in absolute returns, and potential opportunities may arise from market corrections [21]. - The focus remains on quality dividend assets and sectors such as advanced manufacturing, electronics, AI, and machinery, indicating a strategic approach to navigating market fluctuations [21].