Core Viewpoint - The article emphasizes the selection of low-volatility fixed income plus funds as a suitable investment option for medium-term unused funds or remaining amounts from long-term investments, highlighting six recommended funds based on specific criteria [3][22]. Selection Criteria - The funds must have a scale of over 200 million yuan to avoid the risk of liquidation and ensure adequate attention from the fund company [5]. - The maximum drawdown over the past five years should be less than 5% to maintain low volatility [8]. - The equity allocation should be between 5% and 10% to balance between ensuring some equity exposure and minimizing volatility [8]. - The funds should be open-ended and established for more than five years to provide a reliable performance reference [8]. - The annualized return over the past five years should exceed 5% to ensure relatively high returns alongside low volatility [8]. Fund Performance Summary - The selected funds include: - **Huatai Bairui Dingli Mixed A**: Annualized return of 7.78%, maximum drawdown of 4.23%, and a fund size of 3.746 billion yuan [7]. - **Jiaoyin Zengli Enhanced Bond A**: Annualized return of 6.94%, maximum drawdown of 4.68%, and a fund size of 1.2 billion yuan [7]. - **Huaxia Dinghong Bond A**: Annualized return of 5.46%, maximum drawdown of 4.81%, and a fund size of 1.1 billion yuan [7]. - **Southern Songguang A**: Annualized return of 5.30%, maximum drawdown of 2.02%, and a fund size of 200 million yuan [7]. - **Jinying Xinrui Mixed A**: Annualized return of 4.97%, maximum drawdown of 4.08%, and a fund size of 2.4 billion yuan [7]. - **Fengchao Hengli Bond A**: Annualized return of 4.31%, maximum drawdown of 4.14%, and a fund size of 4.17 billion yuan [7]. Investment Advantages - Low-volatility fixed income plus funds offer excellent risk management and drawdown control, resulting in a smoother net value curve for investors [19]. - They provide better return potential than pure bond funds, especially during structural opportunities in the stock market [20]. - These funds serve as a convenient tool for risk-averse investors to achieve a balanced stock-bond allocation without the hassle of manual adjustments [20]. Investment Considerations - The funds may exhibit limited return elasticity and could underperform in a bull market due to their low equity allocation [21]. - They are not entirely "capital-protected," as there remains a risk of loss during extreme market conditions [21]. - The success of these funds heavily relies on the fund manager's ability to make sound asset allocation and security selection decisions [21]. Conclusion - The article concludes that the six identified low-volatility fixed income plus funds are suitable for conservative investment strategies, emphasizing the importance of long-term holding to achieve positive returns despite potential short-term losses [22].

Market Review - The equity market saw most major indices rise, with the STAR 50 index showing the largest increase of 5.48% [4][5] - The bond market experienced an upward trend in both short and long-term interest rates, with the 10-year government bond yield rising by 4.10 basis points to 1.867% [8][12] - The TMT sector rebounded collectively, while the majority of the 31 industries tracked by Shenwan saw gains [4][5] Equity Product Allocation Strategy - Event-driven strategies include monitoring the anti-dumping investigation initiated by the Ministry of Commerce against imported chips from the US, which may benefit funds like Bosera Semiconductor Theme A (012650) and ICBC Emerging Manufacturing A (009707) [18] - The automotive industry is highlighted due to the "Automotive Industry Stabilization Growth Work Plan (2025-2026)" released by multiple departments, with funds such as Huaxia Automotive Industry A (017721) being of interest [19] - The upcoming World Energy Storage Conference from September 16 to 18 in Ningde, Fujian, is expected to spotlight funds like Jiashi Intelligent Automotive (002168) [20] Asset Allocation Strategy - A balanced core plus barbell strategy is recommended, focusing on dividend and technology/high-end manufacturing sectors [22] - The attractiveness of dividend assets is emphasized due to the low interest rate environment and government support for regular dividend distributions [22][23] - The technology growth direction is supported by national policies and the urgency for domestic alternatives due to overseas technology export restrictions [23][24] Stable Product Allocation Strategy - The central bank's recent net injection of 196.1 billion yuan indicates a shift from a tight to a loose monetary environment [28] - August inflation data shows a year-on-year decrease of 0.4%, suggesting early signs of anti-involution effects [28] - The total social financing data for August indicates a broad money (M2) balance of 331.98 trillion yuan, growing by 8.8% year-on-year [28] Key Focus Products - Recommended funds include Nord Short Bond A (005350) and Guotai Li'an Medium and Short Bond A (016947) for stable returns [2][33] - For those looking to enhance overall returns, it is suggested to consider fixed income plus funds while being mindful of associated risks [32][33]

Market Review - The equity market saw a broad increase, with the Shanghai Composite Index rising by 2.11%, the highest among major indices [4][7] - The advanced manufacturing sector experienced a collective rebound, with notable increases in industries such as defense and military (5.93%) and non-ferrous metals (5.78%) [4][5] - The bond market showed a downward trend in both short and long-term interest rates, with the 10-year government bond yield decreasing by 1.68 basis points to 1.706% [8][10] Equity Product Allocation Strategy - Event-driven strategies include focusing on funds related to the 2025 World Robot Conference and the upcoming Low Altitude Economy Conference, with specific funds highlighted for investment [12][13][14] - The asset allocation strategy suggests a balanced core with a barbell approach, emphasizing dividend and technology sectors, with recommended funds listed [16][20] Stable Product Allocation Strategy - The analysis indicates a net injection of 163.5 billion yuan by the central bank, maintaining a loose monetary environment [22] - July export data showed resilience, with a total export value of 321.78 billion USD, reflecting a year-on-year growth of 7.2% [22] - The report highlights the importance of monitoring convertible bonds due to potential volatility risks [23][27]