吉林信托公司以“固收+”产品破局证券投资信托业务

Core Insights - The "Fixed Income Plus" (固收+) funds are experiencing growth in both scale and performance, with over 90% of these products yielding positive returns in the past year, and the total market size surpassing 2.5 trillion yuan [1][2] - Jilin Trust Company is successfully transitioning to asset management by leveraging its "Fixed Income Plus" products, which have shown strong market adaptability and product strength [1][2] Group 1: Product Performance - A specific "Fixed Income Plus" product from Jilin Trust has achieved an annualized return of 5.62% since its inception, with a maximum historical drawdown of only -0.52% [1][5] - As of November 14, 2025, all clients of this open-ended product have realized positive returns, with a weekly win rate of 79% [5][6] Group 2: Investment Strategy - Jilin Trust employs a "constant equity-debt ratio" strategy, dynamically rebalancing the portfolio to mitigate risks and reduce volatility by selecting undervalued, high-dividend leading companies across various sectors [5][10] - The strategy aims to balance risk and return through asset rotation, typically using an 80/20 equity-debt ratio [10] Group 3: Research and Development - To enhance product performance, asset management firms must invest significantly in research and management of both equity and debt assets, requiring a robust credit evaluation system for bonds and comprehensive industry analysis for stocks [6][7] - Jilin Trust has built a professional team of 10 members with an average of over 7 years of experience, focusing on investment research, trading management, and product operations [7] Group 4: Strategic Framework - Jilin Trust is implementing a comprehensive active management capability system, planning a diverse range of securities products to meet various risk-return profiles, including conservative, balanced, and aggressive types [8]