管理规模超513亿元！贝莱德建信理财论道下半年组合配置

Core Viewpoint - The article highlights the significant growth of foreign-controlled joint wealth management companies in China, particularly in a low-interest-rate environment, leveraging global resources and local strategies to outperform the industry average in asset management growth [1]. Group 1: Company Performance - BlackRock Jianxin Wealth Management has demonstrated remarkable growth, doubling its asset scale nearly every year since its inception, growing from an initial team of 5 and 2.6 billion yuan in assets to over 51.3 billion yuan and 240,000 clients [2][3]. - The company aims to double its management scale again in 2024, indicating strong confidence in future growth [3]. Group 2: Fixed Income Strategy - The fixed income market is experiencing a unique split, with current conditions characterized by strong expectations but weak realities, leading to compressed yield spreads [5]. - The company is focusing on short-term debt management strategies to enhance returns, given the current low yield environment and the expectation of continued liquidity support from the People's Bank of China [5][6]. Group 3: Equity Market Outlook - The company expresses caution regarding equity assets, noting a lack of strong buying signals across asset classes, including gold, while maintaining a long-term investment perspective [7]. - The U.S. stock market is highlighted as having solid fundamental support, despite slightly high valuations, with expectations for strong earnings in the AI sector [7]. Group 4: Pension Business - BlackRock Jianxin Wealth Management is uniquely positioned in the pension finance sector, being the only joint wealth management company with dual qualifications for "pension wealth management pilot" and "personal pension product issuance" [9]. - The company has launched three pension products, including the first 10-year pension wealth management product, which has shown promising returns and risk management metrics [10][12]. Group 5: Risk Management and Global Strategy - The company emphasizes the importance of aligning risk with target clients in pension product design, aiming to prevent short-term volatility from causing investor redemptions [12]. - The application of BlackRock's global investment strategies in their products aims to enhance returns while managing risk effectively [12].