365天组合近期创新高，收益来源有哪些？适合投资吗？｜第412期直播回放

Core Viewpoint - The 365-day investment advisory portfolio has demonstrated strong performance, primarily through a mix of bond funds and a small allocation to stocks, aiming to provide stable returns while minimizing risks [3][4][6]. Group 1: Portfolio Characteristics - The 365-day investment advisory portfolio is primarily composed of bond funds, including government bonds and credit bonds, to reduce risk through diversification [8]. - The portfolio utilizes the negative correlation between stocks and bonds to mitigate volatility risks, allowing for strategic gains during market fluctuations [10][12]. - The portfolio employs a rebalancing strategy that automatically adjusts the allocation between stocks and bonds, facilitating a "buy low, sell high" approach without requiring investor intervention [15][18]. Group 2: Performance Metrics - Since its inception, the 365-day investment advisory portfolio has outperformed the secondary bond index by 2.92% as of October 17, 2025, with a maximum historical drawdown of -4.15%, significantly lower than the index's volatility [4][6]. - As of October 2025, the portfolio's stock and convertible bond allocation was reduced from 17% to 14%, while the bond and cash allocation increased from 83% to 86% following a market adjustment [22][23]. Group 3: Sources of Returns - The portfolio's returns are derived from three main sources: the stock component, which focuses on value stocks with stable dividends; the bond component, which is influenced by interest rates; and the rebalancing strategy that captures market fluctuations [24][30][47]. - The stock portion emphasizes value style, characterized by lower volatility during bear markets and higher dividend yields, providing a stable income stream [25][27][29]. - The bond component's performance is primarily affected by interest rates, with a focus on short to medium-term bonds to minimize risk [30][43][46]. Group 4: Investment Suitability - The 365-day investment advisory portfolio is suitable for investors with idle funds that are not needed for over a year, seeking stable growth with minimal volatility [63][64]. - It is particularly appropriate for those looking to transition funds temporarily while awaiting better market conditions for direct stock investments [64].