基本功的基,就是基金的基。 做好投资、买对基金, 从夯实投资基金的基本功开始。 1分钟GET一个知识点, 起步更轻松。 基金的风险等级 是怎么来的? 基金风险等级是机构对产 品标准化评价后,贴上的 "风险标签"。 参照《公开募集证券投资基金产品风险等级划分指 引》, 基金风险等级分为 R1 (低风险) 至R5 (高风险) 中泰证券资产管理 扫码进入基本功专栏 本材料不构成投资建议，观点具有时效性。本公司承诺以诚实信用、勤勉尽责的原则管理和运用基金资产，但不 保证基金一定盈利，也不保证最低收益。投资有风险，基金过往业绩不代表其未来表现。基金管理人管理的基金 的业绩不构成对其他基金业绩表现的保证。投资者投资基金时应认真阅读基金的基金合同、招募说明书、基金产 品资料概要等法律文件。基金管理人提醒投资者基金投资的"买者自负"原则，请投资者根据自身的风险承受能力 选择适合自己的基金产品。基金有风险，投资须谨慎。 ...

Core Viewpoint - The article discusses the characteristics and risks associated with R1-rated funds, emphasizing that "low risk" does not equate to "zero risk" and provides guidance for conservative investors on selecting suitable low-risk funds [1]. Fund Risk Level System - The fund risk level system ranges from R1 to R5, indicating increasing levels of risk and corresponding investor risk tolerance [2]. - R1 funds are considered "quasi-savings" but still carry three main potential risks: yield fluctuation risk, liquidity risk, and minimal credit risk [4][5][6]. R1 Fund Characteristics - R1 funds are suitable for cautious investors seeking capital safety and stable returns, with maximum drawdown typically controlled within 0.5% [7]. - The average annualized return for R1 funds over the past decade is 2.4%, with the maximum single-day decline not exceeding 0.05% [6]. Types of Low-Risk Funds - Money Market Funds: Known for liquidity, suitable for cash management [9]. - Interbank Certificate of Deposit Index Funds: Enhanced yield version of money market funds, with higher yield volatility [9]. - Pure Bond Funds: Core for stable returns, requiring differentiation between short and long-term [9]. Investment Characteristics - Money Market Funds: Seven-day annualized yield ranges from 1.8% to 2.8% [10]. - Interbank Certificate of Deposit Index Funds: Annualized yield over the past three years is between 2.8% and 3.5%, with volatility 1.5 times that of money market funds [10]. - Pure Bond Funds: Short-term pure bond funds yield between 2.5% and 3.2%, while long-term pure bond funds yield between 3.5% and 4.5% [10]. Investment Strategy for Conservative Investors - For conservative investors, a combination of money market funds for cash management, interbank certificate of deposit funds for enhanced yield, and pure bond funds for core returns can achieve a stable annualized return of 2.8% to 4% [13].

Core Viewpoint - The article emphasizes the importance of "suitability" management in fund investment, which involves matching appropriate fund products or services to suitable investors based on their risk tolerance, investment goals, and experience [2][3]. Investor Suitability - Accurate assessment of investors' risk tolerance, investment goals, and experience is crucial for effective fund product recommendations [2][3]. - Different investors have varying investment capabilities and goals, indicating that no single fund product is suitable for everyone [3]. Fund Product Characteristics - Fund products are categorized into four main types based on expected risk, ranked from high to low: equity funds, mixed funds, bond funds, and money market funds [13]. - Fund companies classify products into five risk levels (R1 to R5) to help investors understand the risk attributes of each product [13][14]. Risk Assessment - Investors are typically required to undergo a risk tolerance assessment before purchasing funds, which involves answering a questionnaire about their financial situation, investment experience, and goals [15][16]. - The results of the assessment categorize investors into different risk levels, guiding them to select appropriate risk-level products [16]. Dynamic Nature of Risk Tolerance - Investors' risk tolerance can change over time due to factors such as age, income, and accumulated investment knowledge, necessitating periodic reassessments by sales institutions [17].