Core Insights - The banking wealth management industry is experiencing growth, with the market size expected to reach 29.95 trillion yuan by the end of 2024, reflecting an 11.75% increase from the beginning of the year [1] - Despite the growth, the industry faces challenges such as conservative investor risk preferences and declining yields on wealth management products due to falling bond rates [1][2] - A recent strategy meeting highlighted investment opportunities in a high-volatility environment, emphasizing the need for diversified asset allocation [1][2] Investment Strategies - Wealth management companies are encouraged to incorporate equity investments into their portfolios to capture corporate asset appreciation, as pure fixed-income products limit potential gains [2] - The introduction of a "solid income + options" strategy allows clients to participate in equity markets while managing risks associated with market volatility [2][4] - Passive investment strategies, particularly through ETFs, are seen as a crucial entry point for wealth management funds into the equity market, with the public ETF market exceeding 4 trillion yuan [2][5] Multi-Asset Framework - Companies are developing multi-asset and multi-strategy frameworks to manage volatility and enhance returns, focusing on target volatility as a core component of asset allocation [3][4] - The implementation of constant proportion strategies, such as maintaining a fixed percentage of equity assets, has proven effective in achieving absolute return objectives [4] - The importance of adapting international experiences to the domestic market context is emphasized, given the differences in macroeconomic conditions [3][4] Market Outlook - In light of increasing uncertainty in global financial markets, companies recommend aligning investment products with investor risk preferences and focusing on assets with stable cash flows [4][5] - A balanced allocation across equities, bonds, and gold is suggested as a strategy to mitigate uncertainty and capitalize on favorable market conditions [5] - The use of low-correlation multi-asset strategies is highlighted as an effective approach to navigate heightened volatility and uncertainty in the market [5]