Core Insights - The asset allocation performance for Q3 2025 showed positive returns across all risk profiles, with the aggressive portfolio achieving the highest return of 12.50% [1][7][10] - The analysis indicates that equity and gold contributed significantly to the overall positive performance, while bonds experienced negative returns [10][12] Asset Performance Summary - In Q3 2025, the A-share market outperformed with a 17.9% increase in the CSI 300 index, while the Hang Seng Index rose by 11.6% [5][6] - The U.S. stock market also saw gains, with the Nasdaq leading at 11.2% [5][6] - Gold prices increased by 16.8%, driven by multiple favorable factors including high inflation and a renewed interest in gold as a safe haven [5][6] - Conversely, the oil market faced challenges, with WTI crude oil prices declining by 2.9% due to weak demand and increased production [5][6] Risk and Return Analysis - The annualized volatility for the conservative to aggressive portfolios ranged from 1.78% to 10.27%, with maximum drawdowns between -0.39% and -3.35% [7][9] - The aggressive portfolio's performance lagged behind the CSI 300 ETF by 6.56 percentage points but outperformed the 10-year government bond by 13.17 percentage points [7][8] Investment Strategy and Asset Selection - The recommended ETFs for various portfolios include Huatai-PB CSI 300 ETF, Huaxia Hang Seng Technology ETF, and others, with specific weightings for equity, bonds, and commodities [3][12][13] - The conservative portfolio allocated 10.16% to equities, 70.01% to bonds, and 4.82% to commodities, while the aggressive portfolio allocated 57.44% to equities [3][12][13] Future Outlook - For Q4 2025, the expected asset performance ranking is: Hong Kong stocks > A-shares > gold > U.S. stocks > U.S. bonds > domestic bonds > oil [19][21] - The focus for investment will be on sectors aligned with the "14th Five-Year Plan" and "anti-involution" policies, particularly in AI, robotics, new energy, and metals [18][21]

Core Viewpoint - Southern Fund Management Co., Ltd. announced the suspension of subscription, redemption, and regular investment services for the Southern Oil Securities Investment Fund starting from September 1, 2025, due to the holiday of the New York Stock Exchange on Labor Day [1] Group 1 - The suspension will take effect on September 1, 2025, coinciding with the U.S. Labor Day holiday [1] - The announcement includes details about the affected sub-funds, specifically the Southern Oil and Southern Oil LOF [1] - The announcement was generated based on publicly available information and does not constitute investment advice [1]

Core Viewpoint - Southern Fund Management Co., Ltd. announced the suspension of subscription, redemption, and regular investment services for the Southern Oil Securities Investment Fund starting from August 25, 2025, due to the holiday of the London Stock Exchange [1] Group 1 - The suspension will take effect on August 25, 2025, coinciding with the UK summer holiday [1] - The announcement includes details about the affected sub-funds, specifically the Southern Oil and Southern Oil LOF [1] - The announcement indicates that large-scale subscriptions, transfers, redemptions, and regular investments will be suspended for the specified funds [1]

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 证券之星消息，8月6日南方基金管理股份有限公司发布《关于南方原油证券投资基金2025年8月11日暂 停申购、赎回和定投业务的公告》。公告中提示，为2025年8月11日（日本山之日）为东京证券交易所 节假日，本基金暂停申购、赎回及定投业务，自2025年8月11日起南方原油证券投资基金2025年8月11日 暂停申购、赎回和定投业务，下属分级基金调整明细如下： | 分级基金简称 | 代码 | 是否暂停（大额）申购 (转入转出、赎回、定投) | 申购限额 转入限额 定投限额 (元) (元) (元) | | --- | --- | --- | --- | | 南方原油; 南方原 | | | | | 油LOF | 501018 | 를 | | | 南方泉油（ODI | 006476 | 를 | | | I-FOF) C | | | | ...