财通基金匡恒：“固收+”迎来发展期，含权资产配置有望持续抬升

Core Viewpoint - In the context of a continuously declining broad interest rate central tendency, the risk-return ratio of traditional pure bond assets is significantly converging, leading to an increased demand from investors for enhanced yield flexibility, indicating a new development opportunity for "fixed income +" products [1] Group 1: Investment Strategy - The low interest rate environment makes it challenging for single assets to meet long-term return objectives, suggesting a trend towards increasing the allocation of rights-bearing assets in investment portfolios [1] - Historical data indicates that the scale of rights-bearing bond funds still has room for growth, with future changes in the scale of different sub-products likely dependent on the clarity of the rights-bearing central tendency and the stability and sustainability of strategy positioning [1]