以多元配置践行“稳守反击” 华商基金孙志远新基12月5日结束募集

Core Viewpoint - The increasing market volatility and structural trends highlight the appeal of asset allocation, with a growing interest in Fund of Funds (FOF) characterized by diversified asset allocation, professional fund selection, and risk dispersion [1][17]. Fund Details - The Huashang Huixiang Multi-Asset Allocation 3-Month Holding Mixed Fund (FOF) managed by renowned fund manager Sun Zhiyuan was officially launched on November 17 and will close its fundraising on December 5 [1][17]. - The fund employs a major asset allocation strategy to determine specific allocation ratios for equity, fixed income, money market, and other types of funds, with a performance benchmark set as "CSI 800 Index return * 9% + China Bond Composite Total Return Index * 80% + CSI Hong Kong Stock Connect Composite Index (RMB) return * 3% + Shanghai Gold Exchange Au99.99 spot contract return * 3% + bank RMB demand deposit rate (after tax) * 5%" [3][19]. Investment Strategy - The fund's equity asset allocation is set between 5%-30%, allowing investment in Hong Kong Stock Connect stocks (up to 50% of equity assets) and commodity funds (up to 10% of total fund assets) [3][19]. - The multi-asset allocation model of "equity + fixed income + commodities + cross-border" is considered a quality choice to address the increasingly complex market environment and asset performance differentiation [5][21]. Fund Manager Profile - Sun Zhiyuan, the proposed fund manager, has over 13 years of experience in the securities industry, with 6.7 years in securities investment and 6.9 years in securities research and fund analysis [7][23]. - Under his management, the Huashang Anyuan Steady Progress One-Year Holding Mixed Fund (FOF) achieved the top ranking in its category for C-class shares and second for A-class shares over the past year [7][23]. Investment Philosophy - Sun Zhiyuan adheres to a "steady counterattack" investment philosophy, utilizing mid-term market trend models to identify asset rotation and aiming to capture mid-term trends [9][25]. - The fund management system emphasizes absolute return strategies, focusing on drawdown control and enhancing investor holding experience, while also leveraging multi-strategy combinations to capture calendar effects and improve FOF product returns [9][25]. Company Background - Huashang Fund, established for twenty years, emphasizes active management and in-depth research to provide solid investment research support for its products [11][27]. - As of the end of Q3 2025, Huashang Fund received multiple 5A ratings from Tianxiang Investment Consulting, showcasing its strong research capabilities in both equity and fixed income funds [11][27].