Core Insights - The article highlights the performance and advantages of the Hua Bao Stable Pension FOF A (007255), which has achieved a return of 13.04% over the past year, ranking in the top 25% among similar funds [1][3][4] Fund Performance - Hua Bao Stable Pension FOF A (007255) has a net value of 1.3315 yuan as of August 29, 2025, with a one-year return of 13.04%, placing it 19th out of 80 in its category [3][4] - The fund's annualized return since its inception on April 25, 2019, is 4.61% [3] - Hua Bao Stable Pension FOF Y (017271) also shows strong performance, with a net value of 1.3540 yuan and a year-to-date growth rate of 7.8025%, ranking 29th among 303 similar funds [4][3] Investment Strategy - The fund employs a risk management strategy focusing on controlling maximum drawdown and volatility, utilizing a risk parity model that includes a mix of equity, bond, and commodity funds [3][9] - The asset allocation strategy includes a slight adjustment in equity positions to mitigate market risks, primarily focusing on sectors like banking, finance, and technology [9][12] Management Expertise - The fund manager, Sun Mengyi, is recognized for his detailed asset allocation framework and a unique investment methodology that combines qualitative and quantitative analysis [7] - Sun has a strong background in FOF research and investment, having previously worked with leading securities firms and financial institutions [7] Market Outlook - The article indicates a positive outlook for the A-share market, particularly in technology and AI sectors, while advising caution regarding potential profit-taking pressures [12][13] - The bond market is expected to remain weak in the short term, with a recommendation to wait for clearer signals before making significant investments [13] Industry Trends - The awareness of personal pension funds is increasing among the public, with Hua Bao Fund being a pioneer in the industry, launching the first Y-share personal pension fund in November 2022 [15][16] - The company has a robust asset management scale exceeding 300 billion yuan and has served over 64 million clients, generating significant profits for fund holders [16][17]