权益向好助力“固收+”表现亮眼 优质“固收+”如何实现1+1>2？

Core Viewpoint - The rise of technology themes at the beginning of the year has significantly boosted A-shares and Hong Kong stocks, enhancing market sentiment and investor confidence. In this context, the advantages of fixed income plus (固收+) and mixed bond funds have become increasingly prominent [1] Group 1: Fund Performance - As of March 31, 2025, various types of fixed income plus and mixed bond funds from ICBC Credit Suisse have shown average returns significantly exceeding the overall average of bond funds [1] - ICBC Credit Suisse has 22 fixed income plus and mixed bond funds ranked in the top 25% of their categories over the past year, three years, five years, and seven years [1] - Among these funds, 11 achieved returns exceeding 5% in the past year, with three funds surpassing 9% [1] Group 2: Fund Strategies - The "plus" strategy in fixed income plus funds plays a crucial role in enhancing returns, with equity and convertible bond assets being key components [3] - The ICBC Credit Suisse funds have adopted various strategies based on the investment styles and capabilities of their managers, effectively capturing structural market opportunities [3] - The ICBC 聚安混合 A fund, managed by Huang Shiyuan, achieved returns of 18.8% and 27.11% over the past year and three years, respectively, ranking 4th and 1st in its category [5][6] Group 3: Manager Expertise - The fixed income research team at ICBC Credit Suisse consists of 16 members divided into four specialized groups, ensuring comprehensive coverage and refined division of labor in credit research [11] - The team includes experienced managers like Ouyang Kai, who has 22 years of experience, and Gu Heng, who has over 12 years of investment management experience [12] - The collaboration of seasoned, mid-career, and emerging talents within the team enhances the overall investment capability and risk management of the fixed income plus and mixed bond products [13] Group 4: Long-term Performance - The ICBC 双利债券 fund has achieved a net asset value growth of 140.69% since its inception in 2010, outperforming its benchmark by 84.66% [10] - The fund's strategy involves flexible adjustments to equity allocations based on macroeconomic assessments, aiming for long-term stable returns [10] - The ICBC 聚享混合 A fund, managed by Jiao Wenlong and He Shun, reported a return of 21.98% over the past year, ranking 1st in its category [9]