低利率时代，“固收+”基金受投资者追捧

Core Insights - The current market environment is characterized by declining deposit rates and a rising stock market, prompting investors to diversify their asset allocation to enhance returns and reduce volatility [1] - "Fixed Income +" funds have emerged as a popular choice for investors seeking stable returns through a bond base while allocating a small portion to equity assets for additional gains [1] Group 1: Market Trends - As of October 15, 2023, the Ant Wealth platform reported a 141% year-on-year increase in subscription scale for "Fixed Income +" funds, with the number of holding users rising by 70% compared to last year [3] - The performance of "Fixed Income +" funds has been strong this year, with over 3300 out of approximately 3700 funds achieving positive returns in Q3, and a median return of 3.54% [4] - Some top-performing "Fixed Income +" funds have reported returns exceeding 5% this year and over 10% in the past year [4] Group 2: Comparative Performance - The average yield of "Fixed Income +" funds on the Ant Wealth platform is 3.2% higher than that of pure bond funds, with user-held "Fixed Income +" funds yielding five times more than pure bond funds [4] - The average maximum drawdown of "Fixed Income +" funds is 10.3% lower than the average of equity funds, indicating lower risk [4] Group 3: Investment Strategy - Industry experts describe "Fixed Income +" funds as a balanced investment option, with over 80% of the underlying assets in low-risk fixed income securities and no more than 20% in higher-risk equities or convertible bonds [4] - The growing popularity of "Fixed Income +" funds reflects a shift in investor behavior towards a more rational assessment of risk and return, moving away from a singular focus on high returns [4] - For risk-averse investors, low-risk "Fixed Income +" options are recommended, while those with a higher risk tolerance may consider medium to high-risk variants [5] - The overall upward trend in the stock market is expected to continue in a low-interest-rate environment, making "Fixed Income +" products effective for both growth and risk management [5]