诺德基金王宪彪：注重负债端管理，灵活策略增厚收益

Group 1: Fund Manager and Investment Philosophy - Fund manager Wang Xianbiao has 9 years of experience in the financial industry and focuses on bond fund management, with a total managed scale of 13.159 billion CNY as of Q2 2024[7] - The Nord Short Bond Fund has an annualized return of 3.35% since Wang's tenure began, ranking in the top 9.30% among peers[7] - Wang emphasizes liability management as a priority in fund management, believing that strong liability management can mitigate liquidity risks associated with lower-rated credit bonds[7] Group 2: Fund Performance and Characteristics - As of September 19, 2024, the Nord Short Bond Fund has a total return of 7.76% and an excess return of 2.26% compared to its benchmark[13] - The fund's maximum drawdown is 0.18%, significantly better than the peer average of 0.63%[14] - The fund's duration has gradually increased to a historical high of 1.62 years as of Q2 2024, while maintaining a high credit quality with over 90% of assets rated AA+ or above[23] Group 3: Asset Allocation and Investor Base - The fund primarily allocates to high liquidity assets, with over 90% of the portfolio in AA+ rated or higher bonds[7] - Institutional investors hold a significant portion of the fund, with a 60.42% share as of Q2 2024, indicating strong interest from FOF funds[27] - The fund's average annual return for a one-year holding period is 4.31%, with a 100% probability of profit over any holding period of three months or longer[18]