【揭秘】投资的底层逻辑 快码住

Core Viewpoint - The article emphasizes the importance of asset allocation in investment planning, focusing on three types of funds: liquid funds for immediate needs, stable return funds for medium-term investments, and flexible return funds for long-term growth [3][4]. Group 1: Investment Strategies - The first type of money is "liquid money," which prioritizes liquidity for immediate use, suggesting investments in cash or money market funds [5]. - The second type is "short money," aimed at stable returns, recommending investments in bonds and low-risk funds for medium to long-term idle funds [5]. - The third type is "long money," which seeks return flexibility, advocating for investments in equity funds and other higher-risk products to achieve better returns over the long term [5]. Group 2: Market Conditions - The article notes that market interest rates have been declining, making "fixed income plus" strategies, which include bonds and stocks, more attractive due to their risk-return profile being between pure bond and stock funds [6][8]. - It highlights that the "fixed income plus" strategy has shown significantly better returns than pure bond funds over the past year, with a yield of 58.92% compared to 9.67% for pure bond funds, while also having a lower maximum drawdown than stock funds [6][7]. Group 3: Fund Performance - The "Jianxin Botai Bond" fund is classified under the "fixed income plus" category, with an asset allocation of 80% in bonds and 20% in equities, aiming to capture various market opportunities through flexible investment strategies [10][11]. - The fund has actively captured market opportunities in sectors like AI computing, smart driving, and innovative pharmaceuticals, while also adjusting its positions in convertible bonds based on market conditions [14][15].