在多元资产间寻找高“性价比” FOF舵手陈文扬的资产配置哲学

Core Viewpoint - The article highlights the expertise of Chen Wenyang, a fund manager at Dongfanghong Asset Management, in multi-asset allocation through FOF (Fund of Funds) strategies, aiming for long-term stable performance while navigating market fluctuations [1][2][14]. Group 1: Investment Strategy - Chen Wenyang emphasizes the importance of multi-asset allocation as a foundation for FOF investment management, advocating for diversification to achieve a higher risk-return ratio [7][12]. - The FOF team at Dongfanghong employs a comprehensive process for strategy design, asset selection, and fund management, leveraging team collaboration to enhance research capabilities [2][12]. - Chen's approach involves identifying assets with high odds and reasonable win rates, focusing on those with upward trends to optimize returns [11][9]. Group 2: Performance Metrics - The "Dongfanghong Yihe Stable Pension Two-Year FOF" managed by Chen has ranked 5th out of 25 and 8th out of 61 in its category for five-year and three-year returns, respectively, showcasing its competitive performance [3][15]. - The fund's performance metrics indicate a net value growth rate of 4.26% in 2020, 3.40% in 2021, and a recovery of 6.57% in 2024, reflecting its resilience through various market conditions [15][16]. Group 3: Asset Allocation Insights - Chen's strategy includes a mix of domestic and international assets, such as overseas bond funds and gold ETFs, to enhance risk-return profiles [9][10]. - The FOF's top holdings as of Q3 2025 include multiple gold ETFs and S&P 500 ETFs, indicating a strategic focus on global asset diversification [10][9]. Group 4: Fund Management Philosophy - The article underscores the significance of a robust investment philosophy, where Chen prioritizes stable returns over high-risk, high-reward strategies, particularly in fixed-income fund selection [13][11]. - The FOF team utilizes both quantitative and qualitative research methods to evaluate fund managers, ensuring a thorough understanding of their investment logic and consistency [12][13].