Group 1 - The core point of the news is the announcement of the effective contract for the "Oriental Red Xin Heng Stable Allocation 3-Month Holding Period Mixed Fund of Funds (FOF)" by Oriental Red Asset Management, indicating successful fundraising and the appointment of an experienced fund manager [1][2][4] - The total net subscription amount during the fundraising period reached 1,309,547,505.29 yuan, with interest accrued during this period amounting to 217,832.65 yuan, resulting in a total of 1,309,765,337.94 shares issued [1][2] - The fund manager, Chen Wenyang, has a robust background in finance, having held various positions in notable financial institutions, and has been managing the fund since June 2020 [1]

Core Viewpoint - The article highlights the expertise of Chen Wenyang, a fund manager at Dongfanghong Asset Management, in multi-asset allocation through FOF (Fund of Funds) strategies, aiming for long-term stable performance while navigating market fluctuations [1][2][14]. Group 1: Investment Strategy - Chen Wenyang emphasizes the importance of multi-asset allocation as a foundation for FOF investment management, advocating for diversification to achieve a higher risk-return ratio [7][12]. - The FOF team at Dongfanghong employs a comprehensive process for strategy design, asset selection, and fund management, leveraging team collaboration to enhance research capabilities [2][12]. - Chen's approach involves identifying assets with high odds and reasonable win rates, focusing on those with upward trends to optimize returns [11][9]. Group 2: Performance Metrics - The "Dongfanghong Yihe Stable Pension Two-Year FOF" managed by Chen has ranked 5th out of 25 and 8th out of 61 in its category for five-year and three-year returns, respectively, showcasing its competitive performance [3][15]. - The fund's performance metrics indicate a net value growth rate of 4.26% in 2020, 3.40% in 2021, and a recovery of 6.57% in 2024, reflecting its resilience through various market conditions [15][16]. Group 3: Asset Allocation Insights - Chen's strategy includes a mix of domestic and international assets, such as overseas bond funds and gold ETFs, to enhance risk-return profiles [9][10]. - The FOF's top holdings as of Q3 2025 include multiple gold ETFs and S&P 500 ETFs, indicating a strategic focus on global asset diversification [10][9]. Group 4: Fund Management Philosophy - The article underscores the significance of a robust investment philosophy, where Chen prioritizes stable returns over high-risk, high-reward strategies, particularly in fixed-income fund selection [13][11]. - The FOF team utilizes both quantitative and qualitative research methods to evaluate fund managers, ensuring a thorough understanding of their investment logic and consistency [12][13].

Core Viewpoint - The article emphasizes the importance of diversified asset allocation in investment management, highlighting the expertise of Chen Wenyang, a seasoned fund manager at Dongfanghong Asset Management, in managing multi-asset FOF (Fund of Funds) products to achieve stable returns and mitigate risks [2][4][16]. Group 1: Investment Strategy - Chen Wenyang employs a comprehensive approach to asset allocation, focusing on identifying high-odds and reasonable-win-rate investment opportunities across various asset classes, including stocks, bonds, commodities, and gold [10][14]. - The FOF management process at Dongfanghong involves a systematic strategy design, asset selection, and fund manager evaluation, leveraging team collaboration to enhance research capabilities [4][5]. - The newly launched Dongfanghong Xinheng Stable 3-Month Holding Mixed FOF aims to provide absolute return strategies through diversified asset allocation [2][16]. Group 2: Performance Metrics - The Dongfanghong Yihe Stable Pension Two-Year FOF, managed by Chen Wenyang, has demonstrated strong performance, ranking 5th out of 25 and 8th out of 61 in its category over the past five and three years, respectively [5][17]. - The fund's historical performance indicates a consistent ability to manage risks and achieve returns, with a net value growth rate of 6.57% in 2024, outperforming its benchmark [17]. Group 3: Asset Selection Criteria - Chen Wenyang emphasizes the significance of selecting assets with upward trends, noting that the choice of underlying assets is more critical than merely selecting funds [10][11]. - The FOF team utilizes both quantitative and qualitative research methods to evaluate fund managers, focusing on their investment logic and consistency in execution [15][16]. - The strategy includes a careful selection of fixed-income funds based on risk-return characteristics, prioritizing stability over high returns [15].

Core Viewpoint - The article discusses the challenges investors face in achieving stable and attractive returns in a low-interest-rate environment, highlighting the emergence of stable FOF (Fund of Funds) as a viable investment option for those with moderate risk tolerance [1][2]. Group 1: Investment Opportunities - The newly launched "Oriental Red Xin Heng Stable 3-Month Holding Mixed FOF" aims to provide stable returns through a diversified asset allocation strategy, managed by experienced fund manager Chen Wenyang [1][2][3]. - The FOF is designed to invest primarily in fixed-income assets while also including equities, commodities, and overseas funds, thus offering a balanced risk-return profile [2][3]. Group 2: Asset Allocation Strategy - The FOF team emphasizes a systematic approach to multi-asset allocation, focusing on low correlation among underlying assets to enhance risk diversification [4][5]. - The FOF's asset allocation will have specific constraints, with equity-related investments capped at 30% of the total fund assets, ensuring a conservative investment strategy [2][3]. Group 3: Fund Manager's Expertise - Chen Wenyang, the fund manager, has extensive experience in managing FOFs and has demonstrated a strong track record in controlling drawdowns and achieving stable performance [3][5][14]. - His investment strategy includes a broad coverage of domestic and international markets, allowing for flexible adjustments based on macroeconomic changes [5][14]. Group 4: Historical Performance - Historical performance data of Chen Wenyang's managed funds indicate a consistent ability to deliver stable returns, with the "Oriental Red Yihe Stable Pension Two-Year FOF" showing a net value growth rate of 4.26% since its inception [14][15]. - The performance of the funds managed by Chen Wenyang reflects a commitment to absolute return strategies, focusing on minimizing volatility and maximizing investor experience [13][14].