是时候来盘点一轮“固收+”产品了

Core Viewpoint - The article discusses the rising popularity of "Fixed Income +" products as a solution for conservative investors facing low returns from traditional low-risk products and high volatility in the stock market [2][29]. Summary by Sections Concept of "Fixed Income +" - "Fixed Income +" is essentially an asset allocation strategy that combines low-risk fixed income assets, such as bonds, to secure a base return, while also including higher-risk equity assets to enhance returns, all while controlling volatility and drawdown [2][3]. Selection Criteria for "Fixed Income +" Products - The article outlines specific criteria for selecting "Fixed Income +" products, including: - Equity assets should constitute 10% to 20% of net fund assets, with a minimum of 5% and a maximum of 30% [2]. - Fixed income assets must make up at least 50% of net fund assets [3]. - A "Double 5 Requirement" is also mentioned, where the maximum drawdown and annualized volatility should not exceed 5% [3]. Featured "Fixed Income +" Products 1. Guofu Hengrui Bond Fund - Established on January 25, 2016, it has an average stock allocation of 15.28% and a bond allocation of 80.28% as of Q1 2025 [5][6]. - Cumulative total return of 61.49% and an annualized return of approximately 5.28% as of May 31, 2025, with a maximum drawdown of -3.77% [8]. 2. Anxin New Trend Fund - Launched on December 9, 2016, with an average stock allocation of 10.88% and a bond allocation of 98.13% [12]. - Cumulative total return of 54.50% and an annualized return of about 5.27% as of May 31, 2025, with a maximum drawdown of -3.27% [15]. 3. Zhongou Jintong Fund - Established on November 17, 2015, with an average stock allocation of 11.90% and a bond allocation of 105.92% [21]. - Cumulative total return of 64.50% and an annualized return of approximately 5.36% as of May 31, 2025, with a maximum drawdown of -3.52% [24]. 4. Jingshun Changcheng Jingi Shuangli Bond Fund - Founded on November 13, 2013, with an average stock allocation of 16.63% and a bond allocation of 89.77% [26]. - Cumulative total return of 23.37% and an annualized return of about 4.69% from October 30, 2020, to May 31, 2025, with a maximum drawdown of -3.90% [27]. Investment Strategy and Manager Profiles - Each featured fund is managed by experienced professionals with distinct investment styles, contributing to the overall performance and risk management of the "Fixed Income +" products [10][19][32]. - The article emphasizes the importance of risk control and the need for sustainable and stable returns when investing in "Fixed Income +" products [29][30].