Core Viewpoint - The article discusses the launch of a new "All-Weather Strategy" product by Huaxia Fund, aimed at addressing the current market demand for balanced investment products that can provide both certainty and growth potential amidst market volatility [2][4]. Group 1: Market Context - The implementation of new insurance asset management regulations in 2025 will reduce the allocation of non-standard assets to below 35%, leading to a shortage of mid-range wealth management products that previously achieved annual returns of 6%-8% [2]. - The public fund product spectrum faces structural contradictions, with declining bond yields compressing returns for bond-oriented funds, while equity market fluctuations challenge the investor experience for equity-oriented products [2]. Group 2: Product Details - The "All-Weather Strategy" product targets an annual return of around 10% with a maximum drawdown of under 10%, and is designed for a broader investor base with a lower initial investment requirement compared to most specialized products [2]. - The strategy incorporates low-correlation multi-asset investments, including commodities and stock index futures, to capture absolute returns amid uncertainty [2][3]. Group 3: Research and Development Structure - Huaxia Fund has established a modular research and development system, with vertical research teams focusing on macro strategies and specific sectors, and horizontal teams dedicated to absolute return and public fund investments [5][6]. - The investment teams are structured to meet investor needs, with the absolute return team focusing on safety and absolute returns, while the public fund team aims for excess returns [6]. Group 4: Collaborative Mechanisms - The research teams engage in cross-validation of viewpoints to avoid information silos and encourage diverse perspectives, fostering innovation [7]. - The culture promotes healthy debate and does not rush to conclusions in contentious areas, enhancing comprehensive industry understanding [8]. Group 5: Talent Development - Huaxia Fund has implemented the "Qingteng Plan" for systematic talent development, ensuring that new researchers quickly transition to qualified analysts while avoiding rigid internal thinking [9][10]. - The plan emphasizes maintaining a balance of internal and external talent to inject diverse cognitive resources into the research team [9]. Group 6: Strategic Vision - The launch of the "All-Weather Strategy" product reflects Huaxia Fund's proactive approach, having built a multi-asset research system two years prior to address market changes [13]. - The firm is investing in AI tools for financial analysis to enhance efficiency and is preparing for future trends in asset management, which will likely shift towards more comprehensive wealth management solutions [13].